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Paul Mueller Company Announces Its First Quarter Earnings of 2019
Paul Mueller Company Announces Its First Quarter Earnings of 2019.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\nSPRINGFIELD, Mo., April 26, 2019 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended March 31, 2019.\n PAUL MUELLER COMPANYTHREE-MONTH REPORTUnaudited (In thousands)CONSOLIDATED STATEMENTS OF INCOME          Three Months Ended  Twelve Months Ended March 31  March 31 2019 2018 2019 2018          Net Sales$41,882  $46,078  $197,014  $176,424 Cost of Sales 31,826   33,802   148,284   125,772 Gross Profit$10,056  $12,276  $48,730  $50,652 Selling, General and Administrative Expense 11,499   11,608   47,028   44,902 Operating Income (Loss)$(1,443) $668  $1,702  $5,750 Interest Expense (408)  (346)  (982)  (626)Other Income (Expense) 277   234   261   (1,192)Income (Loss) before Provision (Benefit) for Income Taxes$(1,574) $556  $981  $3,932 Provision (Benefit) for Income Taxes (494)  174   (196)  5,733 Net Income (Loss)$(1,080) $382  $1,177  $(1,801)               Earnings (Loss) per Common Share  ––              Basic$(0.90) $0.32  $0.98 $(1.51)Diluted$(0.90) $0.32  $0.98 $(1.51)                CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME     Three Months Ended March 31 2019 2018    Net Income (Loss)$(1,080) $382Other Comprehensive Income, Net of Tax:   Foreign Currency Translation Adjustment (631)  727Amortization of De-Designated Hedges -   -    Comprehensive Income (Loss)$(1,711) $1,109    CONSOLIDATED BALANCE SHEETS...