Mueller Paul Stock Price, News & Analysis

Paul Mueller Company (OTC: MUEL) has declared a cash dividend of $0.15 per share following a Board meeting on August 17, 2022. This dividend is payable on September 30, 2022, to shareholders on record as of August 29, 2022. This decision reflects the company's commitment to returning value to its shareholders.

Paul Mueller Company (OTC: MUEL) reported decreased earnings for the quarter ending June 30, 2022, with net sales at $45,977, down from $49,278 in 2021. The company recorded a net loss of $(149) compared to a profit of $4,780 last year. Gross profit also declined from $15,369 to $10,435. A significant increase in the LIFO reserve reduced pre-tax earnings by $3.5 million. Despite challenges, including production delays due to component shortages, backlog increased to $141.7 million, driven by strong orders in the pharmaceutical sector. The company aims for better margins in the second half of 2022.

Paul Mueller Company (OTC: MUEL) declared a cash dividend of $0.15 per share on May 13, 2022. This decision was made during a regular Board meeting, with the dividend payable on June 24, 2022, to shareholders on record by the close of business on May 24, 2022.

Paul Mueller Company (OTC: MUEL) reported a net loss of $1.1 million for Q1 2022, down from a net income of $1.3 million in Q1 2021. Net sales decreased to $40.8 million compared to $45.3 million last year. This decline is attributed to the absence of Mueller Field Operations and a slowdown in the pharmaceutical segment. The company noted that the backlog reached a record $130.8 million, indicating potential revenue growth ahead. However, earnings were negatively impacted by a $2.1 million increase in the LIFO reserve due to inflation.

Paul Mueller Company (OTC: MUEL) reported a net sales decline to $46,993K for Q4 2021 from $54,126K in Q4 2020. Gross profit also fell to $9,532K compared to $16,218K in the previous year. Despite these challenges, net income improved to $1,962K from a loss of $11,275K YoY. The earnings per share reached $1.81, a significant recovery from a loss of $9.43 in Q4 2020. Total assets decreased to $116,289K, with shareholders' equity rising to $37,293K. The company reported a backlog of $78,357K, up from $61,563K.

On February 10, 2022, the Board of Directors of Paul Mueller Company (OTC: MUEL) declared a cash dividend of $0.15 per share on its outstanding common stock. This dividend is scheduled for payment on March 25, 2022, to shareholders of record as of February 25, 2022. The announcement reflects the company’s commitment to returning value to its shareholders.

Paul Mueller Company (Symbol: MUEL) has sold its entire equity stake in Mueller Field Operations, Inc. (MFO) to MFO's management for $3.5 million, with potential earn-outs of up to $0.8 million. This transaction, which closed on December 31, 2021, allows both entities to specialize in their respective operations. The deal includes a non-compete agreement and a supply arrangement that ensures ongoing collaboration between the two companies. MFO was established to enable the parent company to pursue larger contractual opportunities requiring on-site tank fabrication.

Paul Mueller Company (OTC: MUEL) has declared a cash dividend of $0.15 per share on its common stock. This decision was made on November 4, 2021, during a special board meeting. The dividend is set to be paid on December 22, 2021, to shareholders on record as of November 19, 2021.

Paul Mueller Company (OTC: MUEL) reported a net loss of $1,042 for Q3 2021, down from a profit of $3,995 in Q3 2020. Net sales for Q3 2021 were $43,063, a decline from $51,607 in the previous year. The gross profit also fell to $10,104 from $16,103. For the nine months ending September 30, 2021, net sales were $137,620, down from $146,990 in 2020. The backlog stood at $75.8 million, a slight increase from $61.6 million year-over-year. Contributing factors include reduced revenue from key projects and increased costs due to labor and materials constraints.