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Paul Mueller Company Announces Its Second Quarter Earnings of 2022
Paul Mueller Company Announces Its Second Quarter Earnings of 2022.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., July 29, 2022 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended June 30, 2022.  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   2022 2021 2022 2021 2022 2021             Net Sales $45,977 $49,278 $86,752 $94,557 $176,808 $200,290Cost of Sales 35,542 33,909 67,403 65,747 137,823 139,159Gross Profit $10,435 $15,369 $19,349 $28,810 $38,985 $61,131Selling, General and Administrative Expense 10,397 11,553 20,637 22,861 41,660 45,027Goodwill Impairment Expense - - - - - 15,397Operating Income (Loss) $38 $3,816 $(1,288) $5,949 $(2,675) $707Interest Expense (117) (91) (505) (542) (705) (825)PPP Loan Forgiveness - - - - 1,884 -Other Income (Expense) (126) 2,004 138 2,042 940 2,808Income (Loss) before Provision (Benefit) for Income Taxes $(205) $5,729 $(1,655) $7,449 $(556) $2,690Provision (Benefit) for Income Taxes (56) 949 (384) 1,368 (205) 3,889Net Income (Loss) $(149) $4,780 $(1,271) $6,081 $(351) $(1,199)              Earnings (Loss) per Common Share ––Basic $(0.14) $4.38 $(1.17) $5.56 $(0.32) $(1.05) Diluted $(0.14) $4.38 $(1.17) $5.56 $(0.32) $(1.05)  CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME       Six Months Ended  June 30  2022 2021     Net Income (Loss) $(1,271) $6,081Other Comprehensive Income, Net of Tax:    Foreign Currency Translation Adjustment (2,292) (84...