MUELLER PAUL CO - MUEL STOCK NEWS

Paul Mueller Company (OTC: MUEL) announced a cash dividend of 15 cents ($0.15) per share on its common stock. The decision was made during a special Board of Directors meeting on February 6, 2023. This dividend is payable on March 31, 2023, to shareholders of record on February 28, 2023.

The Paul Mueller Company (OTC Pink: MUEL) has initiated the standard termination of its Noncontract Employees Retirement Plan, informing affected parties through a Notice of Intent to Terminate. This termination requires sufficient funds to pay all benefits owed. The company will apply to the IRS for approval, expecting the process to take about a year. The termination is estimated to require a contribution of $10-15 million and will result in a non-cash reduction to net income of $29-32 million. The plan represents a significant portion of the company's total benefit obligations.

Paul Mueller Company (OTC: MUEL) has declared a cash dividend of $0.15 per share on its common stock. This decision was made during a special Board of Directors meeting on November 2, 2022. The dividend will be distributed on December 22, 2022, to shareholders on record as of November 22, 2022.

Paul Mueller Company (OTC Pink: MUEL) has initiated a standard termination of its Contract Employees Retirement Plan by sending a Notice of Intent to Terminate to affected participants. The firm plans to apply for IRS approval, which could take around a year. The termination is expected to cost the company $4-6 million and will result in a non-cash reduction in net income of $15-16 million. The plan represents $23.5 million of the total $99.9 million benefit obligation as of December 31, 2021. The Non-Contract Employees Retirement Plan remains unaffected.

Paul Mueller Company (MUEL) reported its Q3 2022 earnings, revealing net sales of $45.8 million, up from $43.1 million in Q3 2021. However, year-to-date sales decreased to $132.5 million from $137.6 million. Gross profit improved to $11 million from $10.1 million year-over-year, despite net income declining to $980,000 from a loss of $1.04 million. The backlog remained strong at $139.2 million, and cash increased by $9.6 million. Key issues included rising costs due to inflation and an increase in the LIFO reserve, negatively affecting pre-tax earnings.

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.