Business
Paul Mueller Company Announces Its Second Quarter Earnings of 2018
Paul Mueller Company Announces Its Second Quarter Earnings of 2018.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\nSPRINGFIELD, Mo., July 27, 2018 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended June 30, 2018.\n PAUL MUELLER COMPANYSIX-MONTH REPORTUnaudited CONSOLIDATED STATEMENTS OF INCOME       (In thousands) Three Months Ended Six Months Ended Twelve Months Ended  June 30 June 30 June 30   2018  2017   2018  2017   2018  2017           Net Sales $  62,705 $  39,630  $ 108,783 $  77,241  $ 199,499 $ 158,577 Cost of Sales    48,240    27,934     82,042    54,951     146,078    116,677 Gross Profit $  14,465 $  11,696  $  26,741 $  22,290  $  53,421 $  41,900 Selling, General and Administrative Expense   11,895    10,532     23,317    21,015     45,412    46,182 Operating Income (Loss)$  2,570 $  1,164  $  3,424 $  1,275  $  8,009 $  (4,282)Interest Expense    (205)   (61)    (551)   (111)    (770)   (306)Other Income (Expense)   (643)   (117)    (595)   (207)    (2,571)   113 Income (Loss) before Provision (Benefit) for Income Taxes$  1,722 $  986  $  2,278 $  957  $  4,668 $  (4,475)Provision (Benefit) for Income Taxes   149    333     323    447     5,549    (1,031)Net Income (Loss) $  1,573 $  653  $  1,955 $  510  $  (881)$  (3,444)          Earnings per Common Share  ––Basic$1.31 $0.55  $1.63 $0.43  $(0.74)$(2.8...