Paul Mueller Company Announces Its Second Quarter Earnings of 2025
Paul Mueller Company (OTC: MUEL) reported strong Q2 2025 financial results, with net income surging to $11.63 million ($17.80 per share) compared to $6.80 million ($7.26 per share) in Q2 2024. The company's net sales increased to $72.62 million, up from $65.67 million year-over-year.
Key highlights include a substantial increase in backlog to $234.2 million as of June 30, 2025, compared to $187.3 million in the previous year, primarily driven by pharmaceutical customers in the Industrial Equipment segment. The U.S. operations showed particularly strong performance, with domestic revenue reaching $58.93 million in Q2 2025, a $6.1 million increase from Q2 2024.
The company's balance sheet strengthened with cash and cash equivalents of $21.68 million and shareholders' investment growing to $95.36 million, resulting in a book value per share of $102.52.
Paul Mueller Company (OTC: MUEL) ha riportato risultati finanziari solidi per il secondo trimestre del 2025, con un utile netto in forte crescita a 11,63 milioni di dollari (17,80 dollari per azione), rispetto ai 6,80 milioni di dollari (7,26 dollari per azione) del secondo trimestre 2024. Le vendite nette dell'azienda sono aumentate a 72,62 milioni di dollari, rispetto ai 65,67 milioni di dollari dell'anno precedente.
Tra i punti salienti, si evidenzia un significativo aumento del portafoglio ordini, che ha raggiunto 234,2 milioni di dollari al 30 giugno 2025, rispetto ai 187,3 milioni di dollari dell'anno precedente, trainato principalmente dai clienti del settore farmaceutico nel segmento Industrial Equipment. Le operazioni negli Stati Uniti hanno mostrato una performance particolarmente forte, con ricavi domestici pari a 58,93 milioni di dollari nel secondo trimestre 2025, in aumento di 6,1 milioni di dollari rispetto allo stesso periodo del 2024.
Il bilancio della societ脿 si 猫 rafforzato con liquidit脿 e equivalenti di cassa pari a 21,68 milioni di dollari e investimenti degli azionisti cresciuti a 95,36 milioni di dollari, con un valore contabile per azione di 102,52 dollari.
Paul Mueller Company (OTC: MUEL) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto que se dispar贸 a 11,63 millones de d贸lares (17,80 d贸lares por acci贸n), en comparaci贸n con 6,80 millones de d贸lares (7,26 d贸lares por acci贸n) en el segundo trimestre de 2024. Las ventas netas de la empresa aumentaron a 72,62 millones de d贸lares, frente a los 65,67 millones del a帽o anterior.
Entre los aspectos destacados, se observa un aumento sustancial en la cartera de pedidos, que alcanz贸 234,2 millones de d贸lares al 30 de junio de 2025, en comparaci贸n con 187,3 millones del a帽o anterior, impulsado principalmente por clientes farmac茅uticos en el segmento de Equipos Industriales. Las operaciones en EE.UU. mostraron un desempe帽o especialmente fuerte, con ingresos nacionales que alcanzaron 58,93 millones de d贸lares en el segundo trimestre de 2025, un incremento de 6,1 millones respecto al segundo trimestre de 2024.
El balance de la compa帽铆a se fortaleci贸 con efectivo y equivalentes de efectivo por 21,68 millones de d贸lares y una inversi贸n de los accionistas que creci贸 a 95,36 millones, resultando en un valor contable por acci贸n de 102,52 d贸lares.
Paul Mueller Company (OTC: MUEL)電� 2025雲� 2攵勱赴 臧曤牓頃� 鞛 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 靾滌澊鞚奠潃 2024雲� 2攵勱赴 680毵� 雼煬(欤茧嫻 7.26雼煬)鞐愳劀 1,163毵� 雼煬(欤茧嫻 17.80雼煬)搿� 旮夓頄堨姷雼堧嫟. 須岇偓鞚� 靾滊Г於滌潃 鞝勲厔 霃欔赴 雽�牍� 6567毵� 雼煬鞐愳劀 7,262毵� 雼煬搿� 歃濌皜頄堨姷雼堧嫟.
欤检殧 頃橃澊霛检澊韸鸽電� 2025雲� 6鞗� 30鞚� 旮办 靾橃＜ 鞛旉碃臧� 鞝勲厔 1鞏� 8,730毵� 雼煬鞐愳劀 2鞏� 3,420毵� 雼煬搿� 韥矊 歃濌皜頄堨溂氅�, 鞚措姅 欤茧 靷办梾 鞛ル箘 攵�氍胳潣 鞝滌暯 瓿犼皾鞐� 鞚橅暣 欤茧弰霅橃棃鞀惦媹雼�. 氙戈淡 雮� 靷梾鞚� 韸鬼瀳 臧曧暅 靹标臣毳� 氤挫榾鞙茧┌, 2025雲� 2攵勱赴 甑偞 毵れ稖鞚� 5,893毵� 雼煬搿� 2024雲� 2攵勱赴 雽�牍� 610毵� 雼煬 歃濌皜頄堨姷雼堧嫟.
須岇偓鞚� 鞛靸來儨電� 順勱笀 氚� 順勱笀靹� 鞛愳偘鞚� 2,168毵� 雼煬鞐� 雼晿瓿�, 欤检＜ 韴瀽旮堨澊 9,536毵� 雼煬搿� 歃濌皜頃橂┐靹� 欤茧嫻 鞛ル秬臧�旃橂姅 102.52雼煬鞐� 鞚措ゴ霠�鞀惦媹雼�.
Paul Mueller Company (OTC : MUEL) a publi茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec un b茅n茅fice net en forte hausse 脿 11,63 millions de dollars (17,80 dollars par action), contre 6,80 millions de dollars (7,26 dollars par action) au deuxi猫me trimestre 2024. Les ventes nettes de l'entreprise ont augment茅 pour atteindre 72,62 millions de dollars, contre 65,67 millions de dollars l'ann茅e pr茅c茅dente.
Parmi les points forts, on note une augmentation substantielle du carnet de commandes, qui s'茅l猫ve 脿 234,2 millions de dollars au 30 juin 2025, contre 187,3 millions de dollars l'ann茅e pr茅c茅dente, principalement port茅e par les clients pharmaceutiques du segment 脡quipements Industriels. Les op茅rations am茅ricaines ont affich茅 une performance particuli猫rement solide, avec un chiffre d'affaires domestique de 58,93 millions de dollars au deuxi猫me trimestre 2025, soit une hausse de 6,1 millions par rapport au deuxi猫me trimestre 2024.
Le bilan de l'entreprise s'est renforc茅 avec une tr茅sorerie et des 茅quivalents de tr茅sorerie de 21,68 millions de dollars et un investissement des actionnaires en hausse 脿 95,36 millions, ce qui se traduit par une valeur comptable par action de 102,52 dollars.
Paul Mueller Company (OTC: MUEL) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025, mit einem Nettogewinn, der auf 11,63 Millionen US-Dollar (17,80 US-Dollar pro Aktie) anstieg, verglichen mit 6,80 Millionen US-Dollar (7,26 US-Dollar pro Aktie) im zweiten Quartal 2024. Der Nettoumsatz des Unternehmens stieg auf 72,62 Millionen US-Dollar, gegen眉ber 65,67 Millionen US-Dollar im Vorjahreszeitraum.
Zu den wichtigsten Highlights z盲hlt ein erheblicher Anstieg des Auftragsbestands auf 234,2 Millionen US-Dollar zum 30. Juni 2025, verglichen mit 187,3 Millionen US-Dollar im Vorjahr, haupts盲chlich getrieben durch Pharma-Kunden im Segment Industrielle Ausr眉stung. Die US-Gesch盲fte zeigten eine besonders starke Leistung, mit einem inl盲ndischen Umsatz von 58,93 Millionen US-Dollar im zweiten Quartal 2025, ein Anstieg von 6,1 Millionen US-Dollar gegen眉ber dem zweiten Quartal 2024.
Die Bilanz des Unternehmens wurde durch liquide Mittel von 21,68 Millionen US-Dollar und ein gestiegenes Aktion盲rsinvestment von 95,36 Millionen US-Dollar gest盲rkt, was zu einem Buchwert je Aktie von 102,52 US-Dollar f眉hrte.
- Q2 2025 net income increased 71% to $11.63 million from $6.80 million in Q2 2024
- Net sales grew 10.6% to $72.62 million in Q2 2025
- Backlog increased significantly to $234.2 million, up 25% from $187.3 million year-over-year
- Book value per share improved to $102.52 from $84.27 at year-end 2024
- Strong performance in pharmaceutical customer segment driving Industrial Equipment growth
- European operations (Mueller BV) revenue declined by $2.41 million in first half of 2025
- Mueller BV net income decreased by $948,000 in first half of 2025 compared to 2024
- Operating expenses increased 16.8% to $13.33 million in Q2 2025
SPRINGFIELD, Mo., July 25, 2025 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the second quarter ended June 30, 2025.
| PAUL MUELLER COMPANY | ||||||||||||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||||
| SIX-MONTH REPORT | ||||||||||||||||||||||
| Unaudited | ||||||||||||||||||||||
| (In thousands) | ||||||||||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||||
| 听 | 听 | Three Months Ended | 听 | Six Months Ended | 听 | Twelve Months Ended | ||||||||||||||||
| 听 | 听 | June 30 | 听 | June 30 | 听 | June 30 | ||||||||||||||||
| 听 | 听 | 2025 | 听 | 2024 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | ||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||||
| Net Sales | 听 | $ | 72,624 | 听 | $ | 65,670 | 听 | $ | 131,484 | 听 | 听 | $ | 116,026 | 听 | 听 | $ | 264,043 | 听 | 听 | $ | 228,900 | 听 |
| Cost of Sales | 听 | 听 | 44,760 | 听 | 听 | 45,871 | 听 | 听 | 85,798 | 听 | 听 | 听 | 80,431 | 听 | 听 | 听 | 171,491 | 听 | 听 | 听 | 158,123 | 听 |
| Gross Profit | 听 | $ | 27,864 | 听 | $ | 19,799 | 听 | $ | 45,686 | 听 | 听 | $ | 35,595 | 听 | 听 | $ | 92,552 | 听 | 听 | $ | 70,777 | 听 |
| Selling, General and Administrative Expense | 听 | 听 | 13,332 | 听 | 听 | 11,417 | 听 | 听 | 24,865 | 听 | 听 | 听 | 21,775 | 听 | 听 | 听 | 49,338 | 听 | 听 | 听 | 84,743 | 听 |
| Operating Income (Loss) | 听 | $ | 14,532 | 听 | $ | 8,382 | 听 | $ | 20,821 | 听 | 听 | $ | 13,820 | 听 | 听 | $ | 43,214 | 听 | 听 | $ | (13,966 | ) |
| Interest Income (Expense) | 听 | 听 | 578 | 听 | 听 | 70 | 听 | 听 | 607 | 听 | 听 | 听 | (1,178 | ) | 听 | 听 | 1,484 | 听 | 听 | 听 | (1,351 | ) |
| Other Income | 听 | 听 | 50 | 听 | 听 | 506 | 听 | 听 | 114 | 听 | 听 | 听 | 2,050 | 听 | 听 | 听 | 441 | 听 | 听 | 听 | 3,383 | 听 |
| Income (Loss) before Provision (Benefit) for Income Taxes | 听 | $ | 15,160 | 听 | $ | 8,958 | 听 | $ | 21,542 | 听 | 听 | $ | 14,692 | 听 | 听 | $ | 45,139 | 听 | 听 | $ | (11,934 | ) |
| Provision (Benefit) for Income Taxes | 听 | 听 | 3,531 | 听 | 听 | 2,154 | 听 | 听 | 4,985 | 听 | 听 | 听 | 3,439 | 听 | 听 | 听 | 10,163 | 听 | 听 | 听 | (4,817 | ) |
| Net Income (Loss) | 听 | $ | 11,629 | 听 | $ | 6,804 | 听 | $ | 16,557 | 听 | 听 | $ | 11,253 | 听 | 听 | $ | 34,976 | 听 | 听 | $ | (7,117 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||||
| Earnings (Loss) per Common Share 鈥撯�撎鼴asic and Diluted | 听 | $ | 17.80 | 听 | $ | 7.26 | 听 | $ | 23.02 | 听 | 听 | $ | 11.13 | 听 | 听 | $ | 37.40 | 听 | 听 | ($ | 6.79 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||||
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | Six Months Ended | ||||||
| 听 | 听 | 听 | June 30 | ||||||
| 听 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Net Income | 听 | $ | 16,557 | 听 | 听 | $ | 11,253 | 听 |
| 听 | Other Comprehensive Income (Loss), Net of Tax: | 听 | 听 | 听 | 听 | ||||
| 听 | Foreign Currency Translation Adjustment | 听 | 听 | 2,015 | 听 | 听 | 听 | (780 | ) |
| 听 | Comprehensive Income | 听 | $ | 18,572 | 听 | 听 | $ | 10,473 | 听 |
| CONSOLIDATED BALANCE SHEETS | |||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | June 30 | 听 | December 31 | ||||
| 听 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Cash and Cash Equivalents | 听 | $ | 21,678 | 听 | 听 | $ | 21,169 | 听 |
| 听 | Marketable Securities | 听 | 听 | 29,929 | 听 | 听 | 听 | 24,446 | 听 |
| 听 | Accounts Receivable, net | 听 | 听 | 47,032 | 听 | 听 | 听 | 31,266 | 听 |
| 听 | Inventories (FIFO) | 听 | 听 | 45,417 | 听 | 听 | 听 | 40,905 | 听 |
| 听 | LIFO Reserve | 听 | 听 | (21,899 | ) | 听 | 听 | (20,146 | ) |
| 听 | Inventories (LIFO) | 听 | 听 | 23,518 | 听 | 听 | 听 | 20,759 | 听 |
| 听 | Current Net Investments in Sales-Type Leases | 听 | 听 | 54 | 听 | 听 | 听 | 39 | 听 |
| 听 | Other Current Assets | 听 | 听 | 5,442 | 听 | 听 | 听 | 4,933 | 听 |
| 听 | Current Assets | 听 | $ | 127,653 | 听 | 听 | $ | 102,612 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Net Property, Plant, and Equipment | 听 | 听 | 63,264 | 听 | 听 | 听 | 50,754 | 听 |
| 听 | Right of Use Assets | 听 | 听 | 2,290 | 听 | 听 | 听 | 2,235 | 听 |
| 听 | Other Assets | 听 | 听 | 165 | 听 | 听 | 听 | 1,862 | 听 |
| 听 | Long-Term Net Investments in Sales-Type Leases | 听 | 听 | 1,932 | 听 | 听 | 听 | 1,211 | 听 |
| 听 | Total Assets | 听 | $ | 195,304 | 听 | 听 | $ | 158,674 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Accounts Payable | 听 | $ | 12,998 | 听 | 听 | $ | 17,588 | 听 |
| 听 | Current Maturities and Short-Term Debt | 听 | 听 | 468 | 听 | 听 | 听 | 3,466 | 听 |
| 听 | Current Lease Liabilities | 听 | 听 | 371 | 听 | 听 | 听 | 336 | 听 |
| 听 | Advance Billings | 听 | 听 | 39,572 | 听 | 听 | 听 | 26,788 | 听 |
| 听 | Billings in Excess of Cost | 听 | 听 | 19,792 | 听 | 听 | 听 | 7,635 | 听 |
| 听 | Other Current Liabilities | 听 | 听 | 19,556 | 听 | 听 | 听 | 15,591 | 听 |
| 听 | Current Liabilities | 听 | $ | 92,757 | 听 | 听 | $ | 71,404 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Long-Term Debt | 听 | 听 | 5,499 | 听 | 听 | 听 | 5,096 | 听 |
| 听 | Other Long-Term Liabilities | 听 | 听 | 692 | 听 | 听 | 听 | 2,329 | 听 |
| 听 | Lease Liabilities | 听 | 听 | 993 | 听 | 听 | 听 | 896 | 听 |
| 听 | Total Liabilities | 听 | $ | 99,941 | 听 | 听 | $ | 79,725 | 听 |
| 听 | Shareholders' Investment | 听 | 听 | 95,363 | 听 | 听 | 听 | 78,949 | 听 |
| 听 | Total Liabilities and Shareholders' Investment | 听 | $ | 195,304 | 听 | 听 | $ | 158,674 | 听 |
| SELECTED FINANCIAL DATA | |||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | June 30 | 听 | December 31 | ||||
| 听 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | Book Value per Common Share | 听 | $ | 102.52 | 听 | 听 | $ | 84.27 | 听 |
| 听 | Total Shares Outstanding | 听 | 听 | 930,183 | 听 | 听 | 听 | 936,837 | 听 |
| 听 | Backlog | 听 | $ | 234,212 | 听 | 听 | $ | 153,685 | 听 |
| 听CONSOLIDATED STATEMENT OF SHAREHOLDERS' INVESTMENT | |||||||||||||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| 听 | 听 | 听 | Common Stock | 听 | Paid-in Surplus | 听 | Retained Earnings | 听 | Treasury Stock | 听 | Accumulated Other Comprehensive Income (Loss) | 听 | Total | ||||||||||
| Balance, December 31, 2024 | 听 | $ | 1,508 | 听 | $ | 9,708 | 听 | $ | 96,037 | 听 | 听 | $ | (22,697 | ) | 听 | $ | (5,607 | ) | 听 | $ | 78,949 | 听 | |
| Add (Deduct): | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||||||||
| 听 | Net Income | 听 | 听 | 听 | 听 | 听 | 听 | 16,557 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 16,557 | 听 | ||||||
| 听 | Other Comprehensive Income, Net of Tax | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 2,015 | 听 | 听 | 听 | 2,015 | 听 | ||||||
| 听 | Dividends | 听 | 听 | 听 | 听 | 听 | 听 | (495 | ) | 听 | 听 | 听 | 听 | 听 | 听 | (495 | ) | ||||||
| 听 | Treasury Stock Acquisition | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | (1,663 | ) | 听 | 听 | 听 | 听 | (1,663 | ) | ||||||
| 听 | Other | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | - | 听 | ||||||||
| Balance, June 30, 2025 | 听 | $ | 1,508 | 听 | $ | 9,708 | 听 | $ | 112,099 | 听 | 听 | $ | (24,360 | ) | 听 | $ | (3,592 | ) | 听 | $ | 95,363 | 听 | |
| 听CONSOLIDATED STATEMENT OF CASH FLOWS | |||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| 听 | 听 | 听 | Six Months Ended June 30, 2025 | 听 | Six Months Ended June 30, 2024 | ||||
| 听 | Operating Activities: | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Net Income | 听 | $ | 16,557 | 听 | 听 | $ | 11,253 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities: | 听 | 听 | 听 | 听 | ||||
| 听 | Pension Contributions (Greater) than Expense | 听 | 听 | - | 听 | 听 | 听 | (16 | ) |
| 听 | Depreciation & Amortization | 听 | 听 | 3,380 | 听 | 听 | 听 | 3,427 | 听 |
| 听 | Deferred Tax Expense | 听 | 听 | 288 | 听 | 听 | 听 | - | 听 |
| 听 | Loss on Disposal of Equipment | 听 | 听 | 469 | 听 | 听 | 听 | 175 | 听 |
| 听 | (Gain) on Sales of Equipment | 听 | 听 | - | 听 | 听 | 听 | (106 | ) |
| 听 | (Inc) in Accts and Notes Receivable | 听 | 听 | (15,765 | ) | 听 | 听 | (9,354 | ) |
| 听 | (Inc) in Cost in Excess of Estimated Earnings and Billings | 听 | 听 | (16 | ) | 听 | 听 | - | 听 |
| 听 | (Inc) Dec in Inventories | 听 | 听 | (2,256 | ) | 听 | 听 | 1,290 | 听 |
| 听 | (Inc) in Prepayments | 听 | 听 | (782 | ) | 听 | 听 | (2,389 | ) |
| 听 | (Inc) in Net Investment in Sales-type leases | 听 | 听 | (579 | ) | 听 | 听 | (80 | ) |
| 听 | Dec in Other Assets | 听 | 听 | 2,026 | 听 | 听 | 听 | 738 | 听 |
| 听 | (Dec) Inc in Accounts Payable | 听 | 听 | (4,589 | ) | 听 | 听 | 4,242 | 听 |
| 听 | (Dec) Inc in Accrued Income Tax | 听 | 听 | 913 | 听 | 听 | 听 | (1,165 | ) |
| 听 | Inc (Dec) in Other Accrued Expenses | 听 | 听 | 3,088 | 听 | 听 | 听 | (227 | ) |
| 听 | Inc (Dec) in Advanced Billings | 听 | 听 | 12,784 | 听 | 听 | 听 | (8,519 | ) |
| 听 | Inc in Billings in Excess of Costs and Estimated Earnings | 听 | 听 | 12,156 | 听 | 听 | 听 | 8,306 | 听 |
| 听 | Inc in Lease Liability for Operating | 听 | 听 | - | 听 | 听 | 听 | 57 | 听 |
| 听 | Principal payments of Lease Liability for Operating | 听 | 听 | (156 | ) | 听 | 听 | (53 | ) |
| 听 | Inc (Dec) in Long Term Deferred Tax Liabilities | 听 | 听 | 17 | 听 | 听 | 听 | (78 | ) |
| 听 | (Dec) in Other Long-Term Liabilities | 听 | 听 | (1,730 | ) | 听 | 听 | (93 | ) |
| 听 | Net Cash Provided by Operating Activities | 听 | $ | 25,805 | 听 | 听 | $ | 7,408 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Investing Activities | 听 | 听 | 听 | 听 | ||||
| 听 | Intangibles | 听 | 听 | - | 听 | 听 | 听 | - | 听 |
| 听 | Purchases of Marketable Securities | 听 | 听 | (16,464 | ) | 听 | 听 | (24,649 | ) |
| 听 | Proceeds from Sales of Marketable Securities | 听 | 听 | 10,981 | 听 | 听 | 听 | 38,522 | 听 |
| 听 | Proceeds from Sales of Equipment | 听 | 听 | - | 听 | 听 | 听 | 131 | 听 |
| 听 | Additions to Property, Plant, and Equipment | 听 | 听 | (13,850 | ) | 听 | 听 | (6,612 | ) |
| 听 | Net Cash (Required) for Investing Activities | 听 | $ | (19,333 | ) | 听 | $ | 7,392 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Financing Activities | 听 | 听 | 听 | 听 | ||||
| 听 | Principal payments of Lease Liability for Financing | 听 | 听 | (50 | ) | 听 | 听 | (22 | ) |
| 听 | (Repayment) of Short-Term Borrowings, Net | 听 | 听 | (5,186 | ) | 听 | 听 | (751 | ) |
| 听 | Proceeds of Short-Term Borrowings, Net | 听 | 听 | 2,136 | 听 | 听 | 听 | 754 | 听 |
| 听 | (Repayment) of Long-Term Debt | 听 | 听 | (1,864 | ) | 听 | 听 | (422 | ) |
| 听 | Dividends Paid | 听 | 听 | (495 | ) | 听 | 听 | (378 | ) |
| 听 | Treasury Stock Acquisitions | 听 | 听 | (1,664 | ) | 听 | 听 | (11,910 | ) |
| 听 | Net Cash (Required) for Financing Activities | 听 | $ | (7,123 | ) | 听 | $ | (12,729 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Effect of Exchange Rate Changes | 听 | 听 | 1,160 | 听 | 听 | 听 | (545 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Net Increase in Cash and Cash Equivalents | 听 | $ | 509 | 听 | 听 | $ | 1,526 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Cash and Cash Equivalents at Beginning of Year | 听 | 听 | 21,169 | 听 | 听 | 听 | 1,883 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||
| 听 | Cash and Cash Equivalents at End of Quarter | 听 | $ | 21,678 | 听 | 听 | $ | 3,409 | 听 |
PAUL MUELLER COMPANY
SUMMARIZED NOTES TO THE FINANCIAL STATEMENTS
(In thousands)
A.听The chart below depicts the net revenue on a consolidating basis for the three months ended June 30.
| Three Months Ended June 30 | |||||||||||
| Revenue | 听 | 2025 | 听 | 听 | 2024 | 听 | 听 | Variance | |||
| Domestic | $ | 58,928 | 听 | $ | 52,830 | 听 | 听 | $ | 6,098 | 听 | |
| Mueller BV | $ | 13,796 | 听 | $ | 13,164 | 听 | 听 | $ | 632 | 听 | |
| Eliminations | $ | (100 | ) | $ | (324 | ) | 听 | $ | 224 | 听 | |
| Net Revenue | $ | 72,624 | 听 | $ | 65,670 | 听 | 听 | $ | 6,954 | 听 | |
| 听 | 听 | 听 | 听 | 听 | |||||||
The chart below depicts the net revenue on a consolidating basis for the six听months ended June 30.
| Six Months Ended June 30 | |||||||||||
| Revenue | 听 | 2025 | 听 | 听 | 2024 | 听 | 听 | Variance | |||
| Domestic | $ | 109,005 | 听 | $ | 91,707 | 听 | 听 | $ | 17,298 | 听 | |
| Mueller BV | $ | 22,579 | 听 | $ | 24,989 | 听 | 听 | $ | (2,410 | ) | |
| Eliminations | $ | (100 | ) | $ | (670 | ) | 听 | $ | 570 | 听 | |
| Net Revenue | $ | 131,484 | 听 | $ | 116,026 | 听 | 听 | $ | 15,458 | 听 | |
| 听 | 听 | 听 | 听 | 听 | |||||||
The chart below depicts the net revenue on a consolidating basis for the twelve months ended June 30.
| Twelve Months Ended June 30 | |||||||||||
| Revenue | 听 | 2025 | 听 | 听 | 2024 | 听 | 听 | Variance | |||
| Domestic | $ | 219,480 | 听 | $ | 180,833 | 听 | 听 | $ | 38,647 | 听 | |
| Mueller BV | $ | 45,548 | 听 | $ | 49,322 | 听 | 听 | $ | (3,774 | ) | |
| Eliminations | $ | (985 | ) | $ | (1,255 | ) | 听 | $ | 270 | 听 | |
| Net Revenue | $ | 264,043 | 听 | $ | 228,900 | 听 | 听 | $ | 35,143 | 听 | |
| 听 | 听 | 听 | 听 | 听 | |||||||
The chart below depicts the net income (loss) on a consolidating basis for the three months ended June 30.
| Three Months Ended June 30 | |||||||||||
| Net Income | 听 | 2025 | 听 | 听 | 2024 | 听 | 听 | Variance | |||
| Domestic | $ | 10,922 | 听 | $ | 6,027 | 听 | 听 | $ | 4,895 | 听 | |
| Mueller BV | $ | 694 | 听 | $ | 774 | 听 | 听 | $ | (80 | ) | |
| Eliminations | $ | 13 | 听 | $ | 3 | 听 | 听 | $ | 10 | 听 | |
| Net Income | $ | 11,629 | 听 | $ | 6,804 | 听 | 听 | $ | 4,825 | 听 | |
| 听 | 听 | 听 | 听 | 听 | |||||||
The chart below depicts the net income (loss) on a consolidating basis for the six months ended June 30.
| Six Months Ended June 30 | |||||||||||
| Net Income | 听 | 2025 | 听 | 听 | 2024 | 听 | 听 | Variance | |||
| Domestic | $ | 16,350 | 听 | $ | 10,075 | 听 | 听 | $ | 6,275 | 听 | |
| Mueller BV | $ | 200 | 听 | $ | 1,148 | 听 | 听 | $ | (948 | ) | |
| Eliminations | $ | 7 | 听 | $ | 30 | 听 | 听 | $ | (23 | ) | |
| Net Income | $ | 16,557 | 听 | $ | 11,253 | 听 | 听 | $ | 5,304 | 听 | |
| 听 | 听 | 听 | 听 | 听 | |||||||
The chart below depicts the net income on a consolidating basis for the twelve months ended June 30.
| Twelve Months Ended June 30 | |||||||||||
| Net Income | 听 | 2025 | 听 | 听 | 2024 | 听 | 听 | Variance | |||
| Domestic | $ | 34,609 | 听 | $ | (10,408 | ) | 听 | $ | 45,017 | 听 | |
| Mueller BV | $ | 388 | 听 | $ | 3,285 | 听 | 听 | $ | (2,897 | ) | |
| Eliminations | $ | (21 | ) | $ | 6 | 听 | 听 | $ | (27 | ) | |
| Net Income (Loss) | $ | 34,976 | 听 | $ | (7,117 | ) | 听 | $ | 42,093 | 听 | |
| 听 | 听 | 听 | 听 | 听 | |||||||
B.听June 30, 2025 backlog is
C.听We manage our business in the U.S. looking at earnings before tax (EBT) and excluding the effects of LIFO and non-reoccurring events such as the pension settlement. This non-GAAP adjusted EBT (as shown in the table below) is up over the prior year by
| 听 | Ended June 30 | ||||||||||||||||
| 听 | Three Months | 听 | Six Months | 听 | Twelve Months | ||||||||||||
| (In Thousands) | 听2025 | 听 | 2024 | 听 | 听 | 听2025 | 听 | 2024 | 听 | 听 | 听2025 | 听 | 2024 | 听 | |||
| Domestic Net Income | $ | 10,922 | $ | 6,027 | 听 | 听 | $ | 16,350 | $ | 10,075 | 听 | 听 | $ | 34,610 | $ | (10,408 | ) |
| Income Tax Expense | $ | 3,292 | $ | 1,899 | 听 | 听 | $ | 4,920 | $ | 3,070 | 听 | 听 | $ | 10,002 | $ | (4,560 | ) |
| Domestic EBT - GAAP | $ | 14,214 | $ | 7,926 | 听 | 听 | $ | 21,270 | $ | 13,145 | 听 | 听 | $ | 44,612 | $ | (14,968 | ) |
| LIFO Adjustment | $ | 369 | $ | (246 | ) | 听 | $ | 1,752 | $ | (463 | ) | 听 | $ | 587 | $ | (619 | ) |
| Pension Adjustment | $ | - | $ | - | 听 | 听 | $ | - | $ | - | 听 | 听 | $ | - | $ | 41,774 | 听 |
| Domestic EBT - Non-GAAP | $ | 14,583 | $ | 7,680 | 听 | 听 | $ | 23,022 | $ | 12,682 | 听 | 听 | $ | 45,199 | $ | 26,187 | 听 |
D.听On May 8, 2025, the tender offer, announced on March 31, 2025, expired with 6,654 shares being tendered for a total of
E.听The consolidated financials are affected by the euro to dollar exchange rate when consolidating Mueller B.V., the Dutch subsidiary. The month-end euro to dollar exchange rate was 1.07 for June 2024, 1.04 for December 2024, and 1.17 for June 2025.
This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance growth, conditions, or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors, including, but not limited to, the factors described in the Company鈥檚 Annual Report under 鈥淪afe Harbor for Forward-Looking Statements鈥�, which is available at paulmueller.com. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.
The accounting policies related to this report and additional management discussion and analysis are provided in the 2024 annual report, available at
www.paulmueller.com.
Press Contact: Ken Jeffries | Paul Mueller Company | Springfield, MO 65802 | (417) 575-9346
[email protected] |
FAQ
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