Business
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2021
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2021.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., March 11, 2022 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended December 31, 2021.  PAUL MUELLER COMPANY  TWELVE-MONTH REPORT  (In thousands)                  CONSOLIDATED STATEMENTS OF INCOME                      Three Months Ended  Twelve Months Ended      December 31  December 31      2021  2020  2021  2020                  Net Sales  $ 46,993 $ 54,126 $ 184,613 $ 201,116  Cost of Sales   37,461  37,908  136,167  140,313  Gross Profit  $ 9,532 $ 16,218 $ 48,446 $ 60,803  Selling, General and Administrative Expense  9,756  10,999  43,884  44,155  Goodwill Impairment Expense   -  15,397  -  15,397  Operating Income (Loss)  $ (224) $ (10,178) $ 4,562 $ 1,251  Interest Expense   (98)  (173)  (742)  (992)  PPP Loan Forgiveness   -  -  1,884  -  Other Income   2,780  339  2,844  1,208  Income (Loss) before Provision (Benefit) for Income Taxes  $ 2,458 $ (10,012) $ 8,548 $ 1,467  Provision for Income Taxes   496  1,263  1,547  4,024  Net Income (Loss)  $ 1,962 $ (11,275) $ 7,001 $ (2,557)                  Earnings (Loss) per Common Share ––  Basic $1.81 $(9.43) $6.44 $(2.14) ...