Paul Mueller Company Announces Its First Quarter Earnings of 2025
Paul Mueller Company (OTC: MUEL) has reported strong Q1 2025 financial results. Net sales increased 16.9% to $58.86 million compared to $50.36 million in Q1 2024. Net income rose 10.8% to $4.93 million, with earnings per share increasing to $5.26 from $4.10 year-over-year.
The company's backlog grew significantly to $254.52 million from $153.69 million at year-end 2024. Domestic revenue contributed $50.08 million while Mueller BV added $8.78 million to total revenue. Book value per share improved to $90.24 from $84.27, and the company maintained a strong cash position of $21.67 million.
Paul Mueller Company (OTC: MUEL) ha riportato risultati finanziari solidi nel primo trimestre del 2025. Le vendite nette sono aumentate del 16,9%, raggiungendo 58,86 milioni di dollari rispetto ai 50,36 milioni di dollari del primo trimestre 2024. L'utile netto è cresciuto del 10,8%, arrivando a 4,93 milioni di dollari, con un utile per azione che è salito a 5,26 dollari dai 4,10 dollari dell'anno precedente.
Il portafoglio ordini dell'azienda è cresciuto significativamente, passando a 254,52 milioni di dollari dai 153,69 milioni di dollari di fine 2024. I ricavi nazionali hanno contribuito con 50,08 milioni di dollari, mentre Mueller BV ha aggiunto 8,78 milioni di dollari al totale. Il valore contabile per azione è migliorato a 90,24 dollari dai 84,27 dollari, e l'azienda ha mantenuto una solida posizione di cassa di 21,67 milioni di dollari.
Paul Mueller Company (OTC: MUEL) ha reportado sólidos resultados financieros en el primer trimestre de 2025. Las ventas netas aumentaron un 16,9%, alcanzando 58,86 millones de dólares en comparación con 50,36 millones en el primer trimestre de 2024. El ingreso neto creció un 10,8%, llegando a 4,93 millones de dólares, con ganancias por acción que subieron a 5,26 dólares desde 4,10 dólares año tras año.
La cartera de pedidos de la compañía creció significativamente hasta 254,52 millones de dólares desde 153,69 millones a finales de 2024. Los ingresos nacionales aportaron 50,08 millones de dólares, mientras que Mueller BV sumó 8,78 millones al total. El valor contable por acción mejoró a 90,24 dólares desde 84,27, y la empresa mantuvo una sólida posición de efectivo de 21,67 millones de dólares.
Paul Mueller Company (OTC: MUEL)는 2025년 1분기 강력한 재무 실적을 발표했습니다. 순매출은 2024년 1분기 5,036만 달러에서 16.9% 증가한 5,886만 달러를 기록했습니다. 순이익은 10.8% 증가하여 493만 달러에 달했으며, 주당순이익은 전년 동기 대비 4.10달러에서 5.26달러로 상승했습니다.
회사의 수주 잔고는 2024년 말 1억5,369만 달러에서 크게 증가하여 2억5,452만 달러에 이르렀습니다. 국내 매출은 5,008만 달러를 차지했으며, Mueller BV는 총 매출에 878만 달러를 추가했습니다. 주당 장부 가치는 84.27달러에서 90.24달러로 개선되었고, 회사는 2,167만 달러의 탄탄한 현금 보유고를 유지했습니다.
Paul Mueller Company (OTC : MUEL) a publié de solides résultats financiers pour le premier trimestre 2025. Les ventes nettes ont augmenté de 16,9 %, atteignant 58,86 millions de dollars contre 50,36 millions au premier trimestre 2024. Le bénéfice net a progressé de 10,8 % pour s’établir à 4,93 millions de dollars, avec un bénéfice par action en hausse à 5,26 dollars contre 4,10 dollars d’une année sur l’autre.
Le carnet de commandes de l’entreprise a considérablement augmenté, passant à 254,52 millions de dollars contre 153,69 millions à la fin de 2024. Les revenus domestiques ont contribué pour 50,08 millions de dollars, tandis que Mueller BV a ajouté 8,78 millions au chiffre d’affaires total. La valeur comptable par action s’est améliorée à 90,24 dollars contre 84,27, et la société a maintenu une solide position de trésorerie de 21,67 millions de dollars.
Paul Mueller Company (OTC: MUEL) hat starke Finanzergebnisse für das erste Quartal 2025 gemeldet. Der Nettoumsatz stieg um 16,9 % auf 58,86 Millionen US-Dollar im Vergleich zu 50,36 Millionen US-Dollar im ersten Quartal 2024. Der Nettogewinn erhöhte sich um 10,8 % auf 4,93 Millionen US-Dollar, wobei der Gewinn je Aktie von 4,10 auf 5,26 US-Dollar anstieg.
Der Auftragsbestand des Unternehmens wuchs deutlich auf 254,52 Millionen US-Dollar von 153,69 Millionen US-Dollar zum Jahresende 2024. Die Inlandsumsätze trugen 50,08 Millionen US-Dollar bei, während Mueller BV 8,78 Millionen US-Dollar zum Gesamtumsatz hinzufügte. Der Buchwert je Aktie verbesserte sich von 84,27 auf 90,24 US-Dollar, und das Unternehmen hielt eine starke Barreserve von 21,67 Millionen US-Dollar.
- Net sales increased 16.9% YoY to $58.86 million
- Net income grew 10.8% to $4.93 million
- Earnings per share rose 28.3% to $5.26
- Backlog increased 65.6% to $254.52 million
- Book value per share improved to $90.24 from $84.27
- Strong cash position maintained at $21.67 million
- Mueller BV segment revenue declined 25.7% to $8.78 million
- Mueller BV reported a loss of $494,000 compared to profit last year
SPRINGFIELD, Mo., April 25, 2025 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced earnings for the first quarter ended March 31, 2025.
| PAUL MUELLER COMPANY | |||||||||||||||||||||||||||||||
| THREE-MONTH REPORT | |||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||
| March 31 | March 31 | ||||||||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||
| Net Sales | $ | 58,860 | $ | 50,356 | $ | 257,089 | $ | 223,161 | |||||||||||||||||||||||
| Cost of Sales | 41,038 | 34,560 | 172,602 | 153,631 | |||||||||||||||||||||||||||
| Gross Profit | $ | 17,822 | $ | 15,796 | $ | 84,487 | $ | 69,530 | |||||||||||||||||||||||
| Selling, General and Administrative Expense | 11,533 | 10,358 | 47,423 | 86,040 | |||||||||||||||||||||||||||
| Operating Income (Loss) | $ | 6,289 | $ | 5,438 | $ | 37,064 | $ | (16,510 | ) | ||||||||||||||||||||||
| Interest Income (Expense) | 29 | (1,248 | ) | 976 | (1,501 | ) | |||||||||||||||||||||||||
| Other Income | 64 | 1,544 | 897 | 3,491 | |||||||||||||||||||||||||||
| Income (Loss) before Provision (Benefit) for Income Taxes | $ | 6,382 | $ | 5,734 | $ | 38,937 | $ | (14,520 | ) | ||||||||||||||||||||||
| Provision (Benefit) for Income Taxes | 1,454 | 1,285 | 8,786 | (5,413 | ) | ||||||||||||||||||||||||||
| Net Income (Loss) | $ | 4,928 | $ | 4,449 | $ | 30,151 | $ | (9,107 | ) | ||||||||||||||||||||||
| Earnings (Loss) per Common Share –– Basic and Diluted | $ | 5.26 | $ | 4.10 | $ | 32.18 | ( | ||||||||||||||||||||||||
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||||||||
| March 31 | |||||||||||||||||||||||||||||||
| 2025 | 2024 | ||||||||||||||||||||||||||||||
| Net Income | $ | 4,928 | $ | 4,449 | |||||||||||||||||||||||||||
| Other Comprehensive Income (Loss), Net of Tax: | |||||||||||||||||||||||||||||||
| Foreign Currency Translation Adjustment | 875 | (239 | ) | ||||||||||||||||||||||||||||
| Comprehensive Income | $ | 5,803 | $ | 4,210 | |||||||||||||||||||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||||||||||||||||||||||
| March 31 | December 31 | ||||||||||||||||||||||||||||||
| 2025 | 2024 | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $ | 21,674 | $ | 21,169 | |||||||||||||||||||||||||||
| Marketable Securities | 33,634 | 24,446 | |||||||||||||||||||||||||||||
| Accounts Receivable, net | 21,551 | 31,266 | |||||||||||||||||||||||||||||
| Inventories (FIFO) | 47,587 | 40,905 | |||||||||||||||||||||||||||||
| LIFO Reserve | (21,529 | ) | (20,146 | ) | |||||||||||||||||||||||||||
| Inventories (LIFO) | 26,058 | 20,759 | |||||||||||||||||||||||||||||
| Current Net Investments in Sales-Type Leases | 44 | 39 | |||||||||||||||||||||||||||||
| Other Current Assets | 6,766 | 4,933 | |||||||||||||||||||||||||||||
| Current Assets | $ | 109,727 | $ | 102,612 | |||||||||||||||||||||||||||
| Net Property, Plant, and Equipment | 54,713 | 50,754 | |||||||||||||||||||||||||||||
| Right of Use Assets | 2,213 | 2,235 | |||||||||||||||||||||||||||||
| Other Assets | 1,411 | 1,862 | |||||||||||||||||||||||||||||
| Long-Term Net Investments in Sales-Type Leases | 1,494 | 1,211 | |||||||||||||||||||||||||||||
| Total Assets | $ | 169,558 | $ | 158,674 | |||||||||||||||||||||||||||
| Accounts Payable | $ | 13,037 | $ | 17,588 | |||||||||||||||||||||||||||
| Current Maturities and Short-Term debt | 432 | 3,466 | |||||||||||||||||||||||||||||
| Current Lease Liabilities | 350 | 336 | |||||||||||||||||||||||||||||
| Advance Billings | 34,136 | 26,788 | |||||||||||||||||||||||||||||
| Other Current Liabilities | 30,281 | 23,226 | |||||||||||||||||||||||||||||
| Current Liabilities | $ | 78,236 | $ | 71,404 | |||||||||||||||||||||||||||
| Long-Term Debt | 5,184 | 5,096 | |||||||||||||||||||||||||||||
| Other Long-Term Liabilities | 628 | 2,329 | |||||||||||||||||||||||||||||
| Lease Liabilities | 973 | 896 | |||||||||||||||||||||||||||||
| Total Liabilities | $ | 85,021 | $ | 79,725 | |||||||||||||||||||||||||||
| Shareholders' Investment | 84,537 | 78,949 | |||||||||||||||||||||||||||||
| Total Liabilities and Shareholders' Investment | $ | 169,558 | $ | 158,674 | |||||||||||||||||||||||||||
| SELECTED FINANCIAL DATA | |||||||||||||||||||||||||||||||||
| March 31 | December 31 | ||||||||||||||||||||||||||||||||
| 2025 | 2024 | ||||||||||||||||||||||||||||||||
| Book Value per Common Share | $ | 90.24 | $ | 84.27 | |||||||||||||||||||||||||||||
| Total Shares Outstanding | 936,837 | 936,837 | |||||||||||||||||||||||||||||||
| Backlog | $ | 254,516 | $ | 153,685 | |||||||||||||||||||||||||||||
| CONSOLIDATED STATEMENT OF SHAREHOLDERS' INVESTMENT | |||||||||||||||||||||||||||||||||
| Common Stock | Paid-in Surplus | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total | ||||||||||||||||||||||||||||
| Balance, December 31, 2024 | $ | 1,508 | $ | 9,708 | $ | 96,037 | $ | (22,697 | ) | $ | (5,607 | ) | $ | 78,949 | |||||||||||||||||||
| Add (Deduct): | |||||||||||||||||||||||||||||||||
| Net Income | 4,928 | 4,928 | |||||||||||||||||||||||||||||||
| Other Comprehensive (Loss) Net of Tax | 875 | 875 | |||||||||||||||||||||||||||||||
| Dividends, $.23 per Common Share | (215 | ) | (215 | ) | |||||||||||||||||||||||||||||
| Other | - | ||||||||||||||||||||||||||||||||
| Balance, March 31, 2025 | $ | 1,508 | $ | 9,708 | $ | 100,750 | $ | (22,697 | ) | $ | (4,732 | ) | $ | 84,537 | |||||||||||||||||||
| CONSOLIDATED STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||
| Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | ||||||||||||||||||||||||||
| Operating Activities: | |||||||||||||||||||||||||||
| Net Income | $ | 4,928 | $ | 4,449 | |||||||||||||||||||||||
| Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities: | |||||||||||||||||||||||||||
| Pension Contributions (Greater) Less than Expense | - | (8 | ) | ||||||||||||||||||||||||
| Depreciation & Amortization | 1,557 | 1,736 | |||||||||||||||||||||||||
| Loss (Gain) on Disposal of Equipment | 197 | 18 | |||||||||||||||||||||||||
| Change in Assets and Liabilities | |||||||||||||||||||||||||||
| Dec (Inc) in Accts and Notes Receivable | 9,716 | (42 | ) | ||||||||||||||||||||||||
| (Inc) in Cost in Excess of Estimated Earnings and Billings | (73 | ) | (35 | ) | |||||||||||||||||||||||
| (Inc) in Inventories | (5,000 | ) | (1,901 | ) | |||||||||||||||||||||||
| (Inc) in Prepayments | (2,048 | ) | (3,772 | ) | |||||||||||||||||||||||
| (Inc) in Net Investment in Sales-Type Leases | (288 | ) | (25 | ) | |||||||||||||||||||||||
| Dec in Other Assets | 556 | 469 | |||||||||||||||||||||||||
| Dec in Deferred Taxes | 288 | - | |||||||||||||||||||||||||
| (Dec) Inc in Accounts Payable | (4,550 | ) | 952 | ||||||||||||||||||||||||
| Inc in Accrued Income Tax | 1,454 | 1,501 | |||||||||||||||||||||||||
| Inc (Dec) in Accrued Expenses | 2,554 | (654 | ) | ||||||||||||||||||||||||
| Inc in Advanced Billings | 7,348 | 6,051 | |||||||||||||||||||||||||
| Inc (Dec) in Billings in Excess of Costs and Estimated Earnings | 3,079 | (1,730 | ) | ||||||||||||||||||||||||
| Inc in Lease Liability for Operating | - | 24 | |||||||||||||||||||||||||
| Principal payments on Lease Liability for Operating | (71 | ) | (41 | ) | |||||||||||||||||||||||
| (Dec) in Long Term Liabilities | (1,774 | ) | (12 | ) | |||||||||||||||||||||||
| (Dec) in Long Term Deferred Tax Liabilities | - | (82 | ) | ||||||||||||||||||||||||
| Net Cash Provided by Operating Activities | $ | 17,873 | $ | 6,898 | |||||||||||||||||||||||
| Investing Activities | |||||||||||||||||||||||||||
| Proceeds from Sales of Equipment | - | 15 | |||||||||||||||||||||||||
| Purchases of Marketable Securities | (10,452 | ) | (12,221 | ) | |||||||||||||||||||||||
| Proceeds from Sales of Marketable Securities | 1,264 | 12,575 | |||||||||||||||||||||||||
| Additions to Property, Plant, and Equipment | (4,957 | ) | (3,064 | ) | |||||||||||||||||||||||
| Net Cash (Required) for Investing Activities | $ | (14,145 | ) | $ | (2,695 | ) | |||||||||||||||||||||
| Financing Activities | |||||||||||||||||||||||||||
| Principal payments on Lease Liability for Financing | (26 | ) | (52 | ) | |||||||||||||||||||||||
| Proceeds from Short-Term Borrowings | 2,136 | 277 | |||||||||||||||||||||||||
| (Repayment) of Short-Term Borrowings | (5,186 | ) | (277 | ) | |||||||||||||||||||||||
| (Repayment) of Long-Term Debt | (334 | ) | (158 | ) | |||||||||||||||||||||||
| Dividends paid | (215 | ) | (163 | ) | |||||||||||||||||||||||
| Net Cash (Required) for Financing Activities | $ | (3,625 | ) | $ | (373 | ) | |||||||||||||||||||||
| Effect of Exchange Rate Changes | 402 | (69 | ) | ||||||||||||||||||||||||
| Net Increase in Cash | $ | 505 | $ | 3,761 | |||||||||||||||||||||||
| Cash at Beginning of Year | 21,169 | 1,883 | |||||||||||||||||||||||||
| Cash at End of Quarter | $ | 21,674 | $ | 5,644 | |||||||||||||||||||||||
PAUL MUELLER COMPANY
SUMMARIZED NOTES TO THE FINANCIAL STATEMENTS
(In thousands)
A. The chart below depicts the net revenue on a consolidating basis for the three months ended March 31.
| Three Months Ended March 31 | |||||
| Revenue | 2025 | 2024 | |||
| Domestic | $ | 50,077 | $ | 38,877 | |
| Mueller BV | $ | 8,783 | $ | 11,825 | |
| Eliminations | $ | - | $ | (346 | ) |
| Net Revenue | $ | 58,860 | $ | 50,356 | |
The chart below depicts the net revenue on a consolidating basis for the twelve months ended March 31.
| Twelve Months Ended March 31 | ||||||
| Revenue | 2025 | 2024 | ||||
| Domestic | $ | 213,382 | $ | 176,298 | ||
| Mueller BV | $ | 44,916 | $ | 48,231 | ||
| Eliminations | $ | (1,209 | ) | $ | (1,368 | ) |
| Net Revenue | $ | 257,089 | $ | 223,161 | ||
The chart below depicts the net income (loss) on a consolidating basis for the three months ended March 31.
| Three Months Ended March 31 | |||||
| Net Income | 2025 | 2024 | |||
| Domestic | $ | 5,428 | $ | 4,048 | |
| Mueller BV | $ | (494 | ) | $ | 374 |
| Eliminations | $ | (6 | ) | $ | 27 |
| Net Income | $ | 4,928 | $ | 4,449 | |
The chart below depicts the net income on a consolidating basis for the twelve months ended March 31.
| Twelve Months Ended March 31 | ||||||
| Net Income | 2025 | 2024 | ||||
| Domestic | $ | 29,714 | $ | (11,730 | ) | |
| Mueller BV | $ | 468 | $ | 2,621 | ||
| Eliminations | $ | (31 | ) | $ | 2 | |
| Net Income (Loss) | $ | 30,151 | $ | (9,107 | ) | |
B. March 31, 2025 backlog is
C. Revenue is up from the previous year by
Net Income is up
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
| Three Months Ended March 31 | Twelve Months Ended March 31 | |||||||||||
| (In Thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||
| Domestic Net Income | $ | 5,428 | $ | 4,048 | $ | 29,715 | $ | (11,730 | ) | |||
| Income Tax Expense | $ | 1,628 | $ | 1,171 | $ | 8,609 | $ | (4,991 | ) | |||
| Domestic EBT - GAAP | $ | 7,056 | $ | 5,219 | $ | 38,324 | $ | (16,721 | ) | |||
| LIFO Adjustment | $ | 1,383 | $ | (217 | ) | $ | (28 | ) | $ | 51 | ||
| Pension Adjustment | $ | - | $ | - | $ | - | $ | 41,774 | ||||
| Domestic EBT - Non-GAAP | $ | 8,439 | $ | 5,002 | $ | 38,296 | $ | 25,104 | ||||
D. Effective March 26, 2025, the Company extended its domestic bank borrowing facility until March 31, 2026.
E. On March 28, 2025, the Company paid off the amortizing note secured by domestic land, building, and equipment in the amount of
F. On March 31, 2025, the Board of Directors authorized a tender offer effective from March 31, 2025, through May 7, 2025, for up to
G. On April 15, 2025, the Company announced the second phase of the expansion to the Components Products facility. This
H. 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 1.08 for March 2024, 1.04 for December 2024, and 1.08 for March 2025, respectively.
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’s Annual Report under “Safe Harbor for Forward-Looking Statements”, 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
kjeffries@paulmueller.com | https://paulmueller.com
FAQ
What was MUEL's earnings per share (EPS) in Q1 2025?
How much revenue did MUEL generate in Q1 2025?
What is MUEL's current backlog value?
How much cash does MUEL have on its balance sheet?
What is MUEL's book value per share?
