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Paul Mueller Company Announces Its Second Quarter Earnings of 2023
Paul Mueller Company Announces Its Second Quarter Earnings of 2023.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n SPRINGFIELD, Mo., July 28, 2023 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended June 30, 2023. 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  2023 2022  2023 2022  2023 2022                Net Sales$59,931 $45,977  $116,282 $86,752  $221,050 $176,808 Cost of Sales41,379 35,542  80,933 67,403  165,816 137,823 Gross Profit$18,552 $10,435  $35,349 $19,349  $55,234 $38,985 Selling, General and Administrative Expense12,714 10,397  25,301 20,637  39,675 41,660 Operating Income (Loss)$5,838 $38  $10,048 $(1,288) $15,559 $(2,675)Interest Expense (80) (117)  (177) (505)  (369) (705)PPP Loan Forgiveness- -  - -  - 1,884 Other Income (Expense)613  (126) 1,333 138  2,310 940 Income (Loss) before Provision (Benefit) for Income Taxes$6,371 $(205) $11,204 $(1,655) $17,500 $(556)Provision (Benefit) for Income Taxes1,558  (56) 2,724  (384) 4,140  (205)Net Income (Loss)$4,813 $(149) $8,480 $(1,271) $13,360 $(351)               Earnings (Loss) per Common Share ––Basic and Diluted$4.43 ($0.14) $7.81 ($1.17) $12.31 ($0.32) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME       Six Months Ended  June 30  2023 2022      Net Income (Loss)$8,480 $(1,271)Other Comprehensive Income (Loss), Net of Tax:    Foreign Currency Translation Adjustment441  (2,292)Comprehensive Income (L...