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Paul Mueller Company Announces Its Fourth Quarter Earnings of 2023
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2023.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., March 15, 2024 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended December 31, 2023.              PAUL MUELLER COMPANYTWELVE-MONTH REPORT(In thousands)CONSOLIDATED STATEMENTS OF INCOME               Three Months Ended Twelve Months Ended  December 31 December 31  2023 2022 2023 2022             Net Sales $55,786  $59,002  $229,156  $191,520 Cost of Sales 38,744  50,082  158,625  152,286 Gross Profit $17,042  $8,920  $70,531  $39,234 Selling, General and Administrative Expense 51,723  4,679  88,269  35,011 Operating Income (Loss) $(34,681) $4,241  $(17,738) $4,223 Interest Expense (91) (87) (350) (697)Other Income 856  939  2,666  1,115 Income (Loss) before Provision (Benefit) for Income Taxes $(33,916) $5,093  $(15,422) $4,641 Provision (Benefit) for Income Taxes (10,042) 1,193  (5,532) 1,032 Net Income (Loss) $(23,874) $3,900  $(9,890) $3,609              Earnings (Loss) per Common Share –– Basic and Diluted ($21.99) $3.59  ($9.11) $3.32  CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME           Twelve Months Ended   December 31   2023 2022         Net Income (Loss) $(9,890) $3,609  Other Comprehensive Income (Loss), Net of Tax:       Foreign Currency Translation Adjustment 677  (1,416) Change in Pension Liability 33,322  1,262  Comprehensive Income $24,109  $3,455         CONSOLID...