Business
Paul Mueller Company Announces Its First Quarter Earnings of 2021
Paul Mueller Company Announces Its First Quarter Earnings of 2021.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., April 30, 2021 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended March 31, 2021.  PAUL MUELLER COMPANY      THREE-MONTH REPORT      Unaudited            (In thousands)           CONSOLIDATED STATEMENTS OF INCOME                               Three Months Ended Twelve Months Ended            March 31 March 31            2021 2020 2021 2020                         Net Sales    $ 45,279 $ 42,160 $ 204,235 $ 197,455      Cost of Sales    31,838 30,299 141,852 140,908              Gross Profit  $ 13,441 $ 11,861 $ 62,383 $ 56,547      Selling, General and Administrative Expense 11,308 10,505 44,958 44,678      Goodwill Impairment Expense  - - 15,397 -              Operating Income  $ 2,133 $ 1,356 $ 2,028 $ 11,869      Interest Expense  (451) (615) (828) (1,034)      Other Income    38 437 809 511      Income before Provision for Income Taxes $ 1,720 $ 1,178 $ 2,009 $ 11,346      Provision for Income Taxes  419 303 4,140 2,802      Net Income (Loss)  $ 1,301 $ 875 $ (2,131) $ 8,544    ...