Business
Paul Mueller Company Releases First Quarter Earnings
Paul Mueller Company Releases First Quarter Earnings.
About this update from Mueller (paul) Co.
[{"type":"text","content":"IMMEDIATE RELEASETRADED:OTC (MUEL.PK)May 9, 2011FOR FURTHER INFORMATION CONTACT:Marcelino Rodriguez – Chief Financial OfficerSpringfield, Missouri(417) 831-3000SPRINGFIELD, MISSOURI -- PAUL MUELLER COMPANY (OTC: MUEL.PK) TODAY RELEASED ITS FIRST QUARTER REPORT FOR THE PERIOD ENDED MARCH 31, 2011, AS FOLLOWS:PAUL MUELLER COMPANY AND SUBSIDIARIESTHREE-MONTH REPORTUnauditedCONSOLIDATED SUMMARIES OF OPERATIONSThree Months EndedTwelve Months EndedMarch 31March 312011201020112010Net Sales $ 30,828,000 $ 25,178,000 $ 135,283,000 $ 148,144,000 Cost of Sales 20,869,000 19,266,000 95,549,000 108,522,000 Gross Profit $ 9,959,000 $ 5,912,000 $ 39,734,000 $ 39,622,000 Selling, General and Admin. Expenses 9,498,000 10,010,000 37,871,000 41,742,000 Operating Income (Loss) $ 461,000 $ (4,098,000) $ 1,863,000 $ (2,120,000)Other Income (Expense) (416,000) (592,000) (2,114,000) (2,493,000)Income (Loss) Before Provision for Income Taxes $ 45,000 $ (4,690,000) $ (251,000) $ (4,613,000)Provision (Benefit) for Income Taxes &nbs...