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Paul Mueller Company Announces Its First Quarter Earnings of 2022
Paul Mueller Company Announces Its First Quarter Earnings of 2022.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., April 29, 2022 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended March 31, 2022. PAUL MUELLER COMPANYTHREE-MONTH REPORTUnaudited(In thousands)CONSOLIDATED STATEMENTS OF INCOME             Three Months Ended Twelve Months Ended   March 31 March 31   2022 2021 2022 2021          Net Sales $40,775  $45,279  $180,109  $204,235 Cost of Sales  31,861   31,838   136,190   141,852 Gross Profit $8,914  $13,441  $43,919  $62,383 Selling, General and Administrative Expense  10,240   11,308   42,816   44,958 Goodwill Impairment Expense  -   -   -   15,397 Operating Income (Loss) $(1,326) $2,133  $1,103  $2,028 Interest Expense  (388)  (451)  (679)  (828)PPP Loan Forgiveness  -   -   1,884   - Other Income  264   38   3,070   809 Income (Loss) before Provision (Benefit) for Income Taxes$(1,450) $1,720  $5,378  $2,009 Provision (Benefit) for Income Taxes  (328)  419   800   4,140 Net Income (Loss) $(1,122) $1,301  $4,578  $(2,131)          Earnings (Loss) per Common Share ––Basic $ (1.03) $ 1.19  $ 4.22   $(1.94) Diluted $ (1.03) $ 1.19  $ 4.22   $(1.94)                   CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME     Three Months Ended March 31  2022   2021     Net Income (Loss)$(1,122) $1,301 Other C...