Business
Paul Mueller Company Announces Its Second Quarter Earnings of 2021
Paul Mueller Company Announces Its Second Quarter Earnings of 2021.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., July 30, 2021 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended June 30, 2021.    PAUL MUELLER COMPANY SIX-MONTH REPORT Unaudited (In thousands) CONSOLIDATED STATEMENTS OF INCOME                         Three Months Ended Six Months Ended Twelve Months Ended       June 30 June 30 June 30       2021 2020 2021 2020 2021 2020                   Net Sales    $49,278 $53,223 $94,557 $95,383 $200,290 $196,617 Cost of Sales   33,909 36,602 65,747 66,901 139,159 138,570         Gross Profit  $15,369 $16,621 $28,810 $28,482 $61,131 $58,047 Selling, General and Administrative Expense 11,553 11,484 22,861 21,989 45,027 45,165 Goodwill Impairment Expense  - - - - 15,397 -         Operating Income  $3,816 $5,137 $5,949 $6,493 $707 $12,882 Interest Expense  (91) (94) (542) (709) (825) (941) Other Income   2,004 5 2,042 442 2,808 508 Income before Provision for Income Taxes $5,729 $5,048 $7,449 $6,226 $2,690 $12,449 Provision for Income Taxes  949 1,200 1,368 1,503 3,889 3,021 Net Income (Loss)  $4,780 $3,848 $6,081 $4,723 $(1,199) $9,428                   Earnings (Loss) per Common Share ––Basic $4.38 $3.22 $5.56 $3.95 ($1.05) $7.88     Diluted $4.38 $3.22 $5.56 $3.95 ($1.05) $7.88    ...