Paul Mueller Company Announces Its Third Quarter Earnings of 2026
· manilatimes.net
SPRINGFIELD, Mo., Oct. 30, 2026 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the Third quarter ended September 30, 2026.PAUL MUELLER COMPANY NINE-MONTH REPORTUnaudited(In thousands)CONSOLIDATED STATEMENTS OF INCOME Three Months Ended Nine Months Ended Twelve Months Ended September 30 September 30 September 30 2026 2025 2026 2025 2026 2025 Net Sales $92,460 $61,375 $252,650 $192,859 $346,792 $263,333 Cost of Sales 64,266 45,348 181,199 131,146 243,254 175,811 Gross Profit $28,194 $16,027 $71,451 $61,713 $103,538 $87,522 Selling, General and Administrative Expense 13,293 10,298 39,466 35,163 54,566 47,398 Operating Income $14,901 $5,729 $31,985 $26,550 $48,972 $40,124 Interest Income 1 305 596 1,206 1,223 1,706 1,178 Other Income (Expense) 1 65 43 35 137 435 630 Income before Provision for Income Taxes $15,271 $6,368 $33,226 $27,910 $51,113 $41,932 Provision for Income Taxes 3,612 1,487 7,849 6,472 12,497 9,353 Net Income $11,659 $4,881 $25,377 $21,438 $38,616 $32,579 Earnings per Common Share -- Basic and Diluted $12.98 $5.25 $28.25 $23.00 $42.98 $34.90 1. Has been reclassified to move Interest Income out of Other Income (Expense) and net it with Interest Expense on the Interest Income line for all periods being presented. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Nine Months Ended September 30 2026 2025 Net Income $25,377 $21,438 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation Adjustment (1,010) 3,166 Comprehensive Income $24,367 $24,605 CONSOLIDATED BALANCE SHEETS September 30December 31 2026 2025 Cash and Cash Equivalents $19,200 $29,883 Marketable Securities 2,785 19,913 Accounts Receivable, net 58,758 41,719 Inventories (FIFO) 49,654 52,715 LIFO Reserve (21,745) (21,051)Inventories (LIFO) 27,909 31,664 Current Net Investments in Sales-Type Leases 72 62 Other Current Assets 16,045
1. Has been reclassified to move Interest Income out of Other Income (Expense) and net it with Interest Expense on the Interest Income line for all periods bein...