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
2025
2024
2025
2024
2025
2024
Net Sales
$
72,624
$
65,670
$
131,484
$
116,026
$
264,043
$
228,900
Cost of Sales
44,760
45,871
85,798
80,431
171,491
158,123
Gross Profit
$
27,864
$
19,799
$
45,686
$
35,595
$
92,552
$
70,777
Selling, General and Administrative Expense
13,332
11,417
24,865
21,775
49,338
84,743
Operating Income (Loss)
$
14,532
$
8,382
$
20,821
$
13,820
$
43,214
$
(13,966
)
Interest Income (Expense)
578
70
607
(1,178
)
1,484
(1,351
)
Other Income
50
506
114
2,050
441
3,383
Income (Loss) before Provision (Benefit) for Income Taxes
$
15,160
$
8,958
$
21,542
$
14,692
$
45,139
$
(11,934
)
Provision (Benefit) for Income Taxes
3,531
2,154
4,985
3,439
10,163
(4,817
)
Net Income (Loss)
$
11,629
$
6,804
$
16,557
$
11,253
$
34,976
$
(7,117
)
Earnings (Loss) per Common Share, – Basic and Diluted
$
17.80
$
7.26
$
23.02
$
11.13
$
37.40
($
6.79
)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Six Months Ended
June 30
2025
2024
Net Income
$
16,557
$
11,253
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment
2,015
(780
)
Comprehensive Income
$
18,572
$
10,473
CONSOLIDATED BALANCE SHEETS
June 30
December 31
2025
2024
Cash and Cash Equivalents
$
21,678
$
21,169
Marketable Securities
29,929
24,446
Accounts Receivable, net
47,032
31,266
Inventories (FIFO)
45,417
40,905
LIFO Reserve
(21,899
)
(20,146
)
Inventories (LIFO)
23,518
20,759
Current Net Investments in Sales-Type Leases
54
39
Other Current Assets
5,442
4,933
Current Assets
$
127,653
$
102,612
Net Property, Plant, and Equipment
63,264
50,754
Right of Use Assets
2,290
2,235
Other Assets
165
1,862
Long-Term Net Investments in Sales-Type Leases
1,932
1,211
Total Assets
$
195,304
$
158,674
