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At Paul Mueller Company, we believe in quality that works for life. We provide heating, cooling, and storage solutions, impacting various industries globally. From preserving milk to manufacturing medicine, we make a difference.
The ongoing 2023 focus is on 'Creating Quality for Life,' with facility expansions supporting advanced manufacturing technologies and new market developments. This commitment ensures customers' diverse needs are met and offers career growth opportunities for coworkers, showcasing local investments.
Headquartered in Springfield, MO, Paul Mueller Company operates in Iowa, The Netherlands, and Vietnam, crafting innovative processing equipment for dairy farms, food and beverage, pharmaceutical, and chemical facilities.
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Paul Mueller Company (MUEL) reported its earnings for the quarter ended December 31, 2023, showing a decrease in net sales compared to the previous year. The company experienced a net loss for the quarter and the twelve-month period, with significant impacts from operating expenses and income taxes. Despite challenges, the company made efforts to streamline its pension plans, resulting in a one-time charge affecting net income. The financials also reflect changes in the LIFO reserve and currency exchange rates.
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Paul Mueller Company (MUEL) declares a cash dividend of 15 cents per share on its outstanding common stock, payable on March 29, 2024. The announcement was made at the February 9, 2024, special meeting of the Board of Directors.
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Paul Mueller Company (MUEL) completes terminations of retirement plans, resulting in a non-cash reduction in 2023 pretax earnings of approximately $42 million.
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Paul Mueller Company (MUEL) announces a $4 million expansion project of its Component Products facilities, marking a strategic growth move during a strong 2023. The expansion includes adding 11,000 square feet of manufacturing space, with Phase II scheduled for completion in late 2024. The expansion aims to meet customers’ diverse needs worldwide, create substantial gains through advanced manufacturing technologies, and support career development opportunities for coworkers.
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Paul Mueller Company (OTC: MUEL) Declares 15 Cents Cash Dividend per Share
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Paul Mueller Company (OTC: MUEL) announced earnings for the quarter ended September 30, 2023. Net sales increased by 24.8% to $57.1 million compared to the same quarter last year. Gross profit also increased by 65.3% to $18.1 million. Operating income increased to $6.9 million from $1.3 million in the previous year. Net income increased to $5.5 million from $0.98 million. The backlog as of September 30, 2023, is $99.4 million, down from $132.8 million in the previous year. The Company's pension plan termination is progressing well.
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Paul Mueller Company (OTC: MUEL) has declared a cash dividend of 15 cents ($0.15) per share on its outstanding common stock. The dividend will be payable on September 29, 2023, to shareholders of record on August 29, 2023.
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Paul Mueller Company (OTC: MUEL) announced earnings for the quarter ended June 30, 2023. Net sales for the quarter were $59,931,000, an increase of 30% compared to the same period last year. Gross profit was $18,552,000, a 78% increase. Operating income was $5,838,000, compared to a loss of $38,000 in the previous year. Net income for the quarter was $4,813,000, compared to a loss of $149,000 last year.
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FAQ
What is the current stock price of MUELLER PAUL CO (MUEL)?
The current stock price of MUELLER PAUL CO (MUEL) is $200.75 as of November 22, 2024.
What is the market cap of MUELLER PAUL CO (MUEL)?
The market cap of MUELLER PAUL CO (MUEL) is approximately 187.8M.
What is the core focus of Paul Mueller Company?
Paul Mueller Company is dedicated to providing quality heating, cooling, and storage solutions across various industries worldwide.
Where is Paul Mueller Company headquartered, and where does it operate?
Paul Mueller Company is headquartered in Springfield, MO, with operations in Iowa, The Netherlands, and Vietnam, delivering innovative processing equipment.
What is the 2023 focus of Paul Mueller Company?
The 2023 focus is on 'Creating Quality for Life,' driving facility expansions to support advanced manufacturing technologies, new market developments, and career opportunities for coworkers.
How does Paul Mueller Company impact various industries?
Paul Mueller Company's equipment is utilized for preserving milk, manufacturing medicine, and catering to dairy farms, food and beverage, pharmaceutical, and chemical facilities globally.
What recent financial achievements has Paul Mueller Company announced?
Paul Mueller Company has announced earnings for the quarter ended March 31, 2024, with additional information shared about domestic bank borrowing facility amendments.
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