Business
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2022
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2022.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., March 17, 2023 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended December 31, 2022. PAUL MUELLER COMPANYTWELVE-MONTH REPORT(In thousands)                  CONSOLIDATED STATEMENTS OF INCOME                     Three Months Ended Twelve Months Ended   December 31 December 31    2022   2021   2022   2021                   Net Sales $ 59,002  $46,993  $191,520  $184,613 Cost of Sales  50,082   37,461   152,286   141,558 Gross Profit  $8,920  $9,532  $39,234  $43,055 Selling, General and Administrative Expense  4,679   9,756   35,011   38,493 Operating Income (Loss) $4,241  $(224) $4,223  $4,562 Interest Expense  (87)  (98)  (697)  (742)PPP Loan Forgiveness  -   -   -   1,884 Other Income  939   2,780   1,115   2,844 Income before Provision for Income Taxes $5,093  $ 2,458  $4,641  $8,548 Provision for Income Taxes  1,193   496   1,032   1,547 Net Income $3,900  $1,962  $ 3,609  $7,001                   Earnings per Common Share ––  Basic and Diluted $3.59  $1.81  $3.32  $6.44                             CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME  ...