SPRINGFIELD, Mo., March 31, 2025 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC Pink: 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
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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
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