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Paul Mueller Company Announces Its Fourth Quarter Earnings of 2019
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2019.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., April 07, 2020 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended December 31, 2019. PAUL MUELLER COMPANYTWELVE-MONTH REPORT(In thousands)CONSOLIDATED STATEMENTS OF INCOME         Three Months Ended Twelve Months Ended December 31 December 31 2019 2018 2019 2018        Net Sales$55,266  $45,618  $197,177  $201,210 Cost of Sales 38,552   33,942   142,435   150,260 Gross Profit$16,714  $11,676  $54,742  $50,950 Selling, General and Administrative Expense 11,971   11,965   45,672   47,137 Operating Income (Loss)$4,743  $(289) $9,070  $3,813 Interest Expense (19)  (187)  (827)  (920)Other Income (Expense) (15)  (1)  351   218 Income (Loss) before Provision (Benefit) for Income Taxes$4,709  $(477) $8,594  $3,111 Provision (Benefit) for Income Taxes 1,144   (337)  2,005   472 Net Income (Loss)$3,565  $(140) $6,589  $2,639         Earnings (Loss) per Common Share  ––           Basic$2.98  $(0.12)  $5.51  $2.21 Diluted$2.98  $(0.12)  $5.51  $2.21                  CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME     Twelve Months Ended December 31  2019   2018     Net Income$6,589  $2,639 Other Comprehensive Income (Loss), Net of Tax:   Foreign Currency Translation Adjustment (589)  (1,659)Change in Pension Liability (1,204)  (1,330)    Comprehensive Income (Loss)$4,796  $(350)    CONSOLIDATED BALANCE SHEETS ...