PAUL MUELLER COMPANYNINE-MONTH REPORTUnaudited(In thousands)
CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
Nine Months Ended
Twelve Months Ended
September 30
September 30
September 30
2025
2024
2025
2024
2025
2024
Net Sales
$
61,375
$
62,085
$
192,859
$
178,111
$
263,333
$
233,897
Cost of Sales
45,349
41,028
131,147
121,459
175,812
160,203
Gross Profit
$
16,026
$
21,057
$
61,712
$
56,652
$
87,521
$
73,694
Selling, General and Administrative Expense
10,298
12,238
35,163
34,013
47,398
85,736
Operating Income (Loss)
$
5,728
$
8,819
$
26,549
$
22,639
$
40,123
$
(12,042
)
Interest Expense
(50)
(83
)
(163)
(256
)
(208)
(347
)
Other Income
691
840
1,525
1,885
2,017
2,741
Income (Loss) before Provision (Benefit) for Income Taxes
$
6,369
$
9,576
$
27,911
$
24,268
$
41,932
$
(9,648
)
Provision (Benefit) for Income Taxes
1,487
2,297
6,472
5,736
9,353
(4,306
)
Net Income (Loss) 3225
$
4,882
$
7,279
$
21,439
$
18,532
$
32,579
$
(5,342
)
Earnings (Loss) per Common Share - Basic and Diluted
$
5.25
$
7.77
$
23.00
$
18.79
$
34.90
$
(5.28
)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Nine Months Ended
September 30
2025
2024
Net Income
$
21,439
$
18,532
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment
3,166
526
Comprehensive Income
$
24,605
$
19,058
CONSOLIDATED BALANCE SHEETS
September 30
December 31
2025
2024
Cash and Cash Equivalents
$
13,812
$
21,169
Marketable Securities
28,345
24,446
Accounts Receivable
39,460
31,266
Inventories (FIFO)
48,859
40,905
LIFO Reserve
(21,460
)
(20,146
)
Inventories (LIFO)
27,399
20,759
Current Net Investments in Sales-Type Leases
57
39
Other Current Assets
9,918
4,933
Current Assets
$
118,991
$
102,612
Net Property, Plant, and Equipment
68,279
50,754
Right of Use Assets
2,403
2,235
Other Assets
1,767
1,862
Long-Term Net Investments in Sales-Type Leases
1,590
1,211
Total Assets
$
193,030
$
158,674
Accounts Payable
$
17,462
$
17,588
Current Maturities and Short-Term Debt
468
3,466
Current Lease Liabilities
412
336
Advance Billings
39,400
26,788
Other Current Liabilities
27,237
23,226
Current Liabilities
$
84,979
$
71,404
Long-Term Debt
5,382
5,096
Long-Term Pension Liabilities
-
-
Other Long-Term Liabilities
691
2,329
Lease Liabilities
977
896
Total Liabilities
$
92,029
$
79,725
Shareholders' Investment
101,001
78,949
Total Liabilities and Shareholders' Investment
$
193,030
$
158,674
SELECTED FINANCIAL DATA
September 30
December 31
2025
2024
Book Value per Common Share
$
108.62
$
84.27
Total Shares Outstanding
929,883
936,837
Backlog
$
250,448
$
153,685
