Business
Paul Mueller Company Announces Its Second Quarter Earnings of 2020
Paul Mueller Company Announces Its Second Quarter Earnings of 2020.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., July 31, 2020 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended June 30, 2020. PAUL MUELLER COMPANYSIX-MONTH REPORTUnaudited(In thousands)CONSOLIDATED STATEMENTS OF INCOME             Three Months Ended Six Months Ended Twelve Months Ended June 30 June 30 June 30 2020 2019 2020 2019 2020 2019            Net Sales$53,223 $54,061 $95,383 $95,943 $196,617 $188,370Cost of Sales36,602 38,940 66,901 70,766 138,570 138,984Gross Profit$16,621 $15,121 $28,482 $25,177 $58,047 $49,386Selling, General and Administrative Expense11,484 10,997 21,989 22,496 45,165 45,559Operating Income$5,137 $4,124 $6,493 $2,681 $12,882 $3,827Interest Expense(94) (187) (709) (595) (941) (964)Other Income5 8 442 285 508 341Income before Provision for Income Taxes$5,048 $3,945 $6,226 $2,371 $12,449 $3,204Provision for Income Taxes1,200 981 1,503 487 3,021 636Net Income$3,848 $2,964 $4,723 $1,884 $9,428 $2,568            Earnings per Common Share –– Basic$3.22 $2.48 $3.95 $1.58 $7.88 $2.15                                               –– Diluted $3.22 $2.48 $3.95 $1.58 $7.88 $2.15   CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME     Six Months Ended June 30 2020 2019    Net Income$4,723 $1,884Other Comprehensive Income, Net of Tax:   Foreign Currency Translation Adjustment16 12Comprehensive Income$4,739 $1,896 CONSOLIDATED BALANCE SHEETS     June 30 December 31 2020 2019    Cash and Short-Term Investments$18,554 $1,072Accounts Receivable22,021 ...