Paul Mueller Company Announces Its Fourth Quarter Earnings of 2024

SPRINGFIELD, Mo., March 31, 2025 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC:MUEL) (the "Company") announces its fourth-quarter earnings of 2024.

PAUL MUELLER COMPANY

 

 

 

 

 

 

 

 

 

TWELVE-MONTH REPORT

(In thousands)

 

 

 

 

 

 

 

 

 

CONSOLIDATED STATEMENTS OF INCOME

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Twelve Months Ended

 

 

December 31

 

December 31

 

 

 

2024

 

 

 

2023

 

 

 

2024

 

 

 

2023

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

70,474

 

 

$

55,786

 

 

$

248,585

 

 

$

229,156

 

Cost of Sales

 

 

44,665

 

 

 

38,744

 

 

 

166,124

 

 

 

158,625

 

Gross Profit

 

$

25,809

 

 

$

17,042

 

 

$

82,461

 

 

$

70,531

 

Selling, General and Administrative Expense

 

 

12,235

 

 

 

51,723

 

 

 

46,248

 

 

 

88,269

 

Operating Income (Loss)

 

$

13,574

 

 

$

(34,681

)

 

$

36,213

 

 

$

(17,738

)

Interest Expense

 

 

(45

)

 

 

(91

)

 

 

(301

)

 

 

(350

)

Other Income

 

 

492

 

 

 

856

 

 

 

2,377

 

 

 

2,666

 

Income (Loss) before Provision (Benefit) for Income Taxes

 

$

14,021

 

 

$

(33,916

)

 

$

38,289

 

 

$

(15,422

)

Provision (Benefit) for Income Taxes

 

 

2,881

 

 

 

(10,042

)

 

 

8,617

 

 

 

(5,532

)

Net Income (Loss)

 

$

11,140

 

 

$

(23,874

)

 

$

29,672

 

 

$

(9,890

)

 

 

 

 

 

 

 

 

 

Earnings (Loss) per Common Share, – Basic and Diluted

 

$

11.89

 

 

($

21.99

)

 

$

30.46

 

 

($

9.11

)

 

 

 

 

 

 

 

 

 

 

 

 

 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 

 

 

 

 

Twelve Months Ended

 

December 31

 

 

2024

 

 

 

2023

 

 

 

 

 

Net Income (Loss)

$

29,672

 

 

$

(9,890

)

Other Comprehensive Income (Loss), Net of Tax:

 

 

 

Foreign Currency Translation Adjustment

 

(1,577

)

 

 

677

 

Change in Pension Liability

 

64

 

 

 

33,322

 

Comprehensive Income

$

28,159

 

 

$

24,109

 

 

 

 

 

 

 

 

 

CONSOLIDATED BALANCE SHEETS

 

 

 

 

 

December 31

 

December 31

 

 

2024

 

 

 

2023

 

 

 

 

 

Cash and Cash Equivalents

$

21,169

 

 

$

7,147

 

Marketable Securities

 

24,446

 

 

 

26,778

 

Accounts Receivable, net

 

31,266

 

 

 

25,166

 

Inventories (FIFO)

 

40,905

 

 

 

45,910

 

LIFO Reserve

 

(20,146

)

 

 

(21,774

)

Inventories (LIFO)

 

20,759

 

 

 

24,136

 

Current Net Investments in Sales-Type Leases

 

39

 

 

 

27

 

Other Current Assets

 

4,933

 

 

 

3,537

 

Current Assets

$

102,612

 

 

$

86,791

 

 

 

 

 

Net Property, Plant, and Equipment

 

50,754

 

 

 

42,011

 

Right of Use Assets

 

2,235

 

 

 

2,421

 

Other Assets

 

1,862

 

 

 

2,590

 

Long-Term Net Investments in Sales-Type Leases

 

1,211

https://www.benzinga.com/pressreleases/25/03/g44573957/paul-mueller-company-announces-its-fourth-quarter-earnings-of-2024