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Paul Mueller Company Announces Its First Quarter Earnings of 2024
Paul Mueller Company Announces Its First Quarter Earnings of 2024.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., April 26, 2024 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended March 31, 2024. PAUL MUELLER COMPANYTHREE-MONTH REPORT(In thousands)         CONSOLIDATED STATEMENTS OF INCOME           Three Months Ended Twelve Months Ended  March 31 March 31  2024 2023 2024 2023         Net Sales $50,356 $56,351 $223,161 $207,096Cost of Sales 34,560 39,554 153,631 159,979Gross Profit $15,796 $16,797 $69,530 $47,117Selling, General and Administrative Expense10,358 12,587 86,040 37,358Operating Income (Loss) $5,438 $4,210 $(16,510) $9,759Interest Expense (1,248) (97) (1,501) (406)Other Income 1,544 720 3,491 1,571Income (Loss) before Provision (Benefit) for Income Taxes$5,734 $4,833 $(14,520) $10,924Provision (Benefit) for Income Taxes 1,285 1,166 (5,413) 2,526Net Income (Loss) $4,449 $3,667 $(9,107) $8,398         Earnings (Loss) per Common Share ––Basic and Diluted$4.10 $3.38 $(8.39) $7.74          CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME                 Three Months Ended       March 31       2024 2023          Net Income     $4,449 $3,667Other Comprehensive Income (Loss), Net of Tax:      Foreign Currency Translation Adjustment   (239) 164Comprehensive Income   $4,210 $3,831           CONSOLIDATED BALANCE SHEETS                 March 31 December 31       2024 2023     ...