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Mueller (PAUL) Co. (OTC:MUEL) ($288.00; $269.8M market cap) announced the following shareholder actions:
Dividend: Declared a cash dividend of $0.30 per share, payable on June 27, 2025, to shareholders of record as of May 27, 2025.
Tender Offer: The tender offer announced March 31, 2025, expired on May 8, 2025, with 6,654 shares tendered for a total of $1,663,500.
Funds will be delivered to Depository Trust Company on May 12, 2025 for disbursement to brokerage accounts.
May 13, 2025: Checks will be mailed to registered shareholders who correctly tendered.
Paul Mueller Company specializes in the design and manufacture of stainless steel processing equipment and services for the dairy, food, beverage, chemical, pharmaceutical, and other industries.
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Mueller (Paul) Co. (OOTC:MUEL) ($150.00 $140.5 M market cap) reported in Q3 2024 earnings:
Net Sales Q3 2024: $62.0 million vs. $57.0 million in Q3 2023.
Earnings Per Share Q3 2024: $7.77 vs. $5.07 in Q3 2023.
Net Sales for First Nine Months of 2024: $178.1 million vs. $173.3 million in the same period in 2023.
EPS for First Nine Months of 2024: $18.79 vs. $12.88 in the first half of 2023.
“Due to recent record backlogs, on July 26, 2024, the Company announced a facility expansion of just over 100,000 square feet at a cost of $22 million. On August 26, 2024, the Company had a ground-breaking ceremony with the Missouri governor, Mike Parsons, and other dignitaries present. On October 16, 2024, site preparation began. Building completion date is scheduled for the end of 2025.”
MUEL manufactures and sells stainless steel tanks and industrial processing equipment worldwide.
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Paul Mueller Company (OTC:MUEL) ($78.90;$85.6M market cap ), announced Q1 2024 earnings and the board of directors approved an increase to the share repurchase program.
Q1 sales of $50.3 million vs $56.3 million
Q1 EPS of $4.10 vs $3.38 in the prior year
March 31, 2024 backlog is $95.2 million compared to $122.8 million at March 31, 2023.
After a few nice quarterly revenue outings, it’s unclear if the weak first quarter sales performance and backlog implies that the company has still not reached a level where it can grow revenues on a consistent basis. This has been the issue challenging valuation expansion. However, the company is now more profitable than it has been in the past due to divesting assets and eliminating its pension obligation from its balance sheet.
At an EPS run rate of $4.10, MUEL is selling it at P/E of 4.8x.
The company also announced it has increased its tender offer from $10 to $15 million. As of April 26, 2024, MUEL has received tender requests for $5.88 million of shares at $80 a share.
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Comments & Business Outlook
Comments & Business Outlook
Comments & Business Outlook
Third Quarter 2012 Results
Reported third quarter 2012 revenues of $46.0 million vs 36.8 million in prior year quarter
Reported third quarter 2012 diluted net income per share of $0.70 vs a loss of $0.10 in prior year period .
Comments & Business Outlook
Reports Second Quarer 2012 Results
Reported second quarter 2012 revenues of $43.5 million vs 42.6 million in prior year quarter
Reported second quarter 2012 diluted net income per share of $1.13 vs a loss of $1.00 in prior year period .
Comments & Business Outlook
PAUL MUELLER COMPANY AND SUBSIDIARIES
THREE-MONTH REPORT
UNAUDITED
CONSOLIDATED SUMMARIES OF OPERATIONS
Three Months Ended March 31
Twelve Months Ended March 31
2012
2011
2012
2011
Net Sales
$ 41,148,000
$ 30,828,000
$ 164,501,000
$ 135,283,000
Cost of Sales
29,232,000
20,869,000
115,260,000
95,549,000
Gross Profit
$ 11,916,000
$ 9,959,000
$ 49,241,000
$ 39,734,000
Selling, General and Admin. Expenses
10,175,000
9,498,000
44,602,000
38,825,000
Operating Income
$ 1,741,000
$ 461,000
$ 4,639,000
$ 909,000
Other Income (Expense)
10,000
(416,000)
(859,000)
(1,942,000)
Income (Loss) Before
Provision for Income Taxes
$ 1,751,000
$ 45,000
$ 3,780,000
$ (1,033,000)
Provision for Income Taxes
456,000
302,000
211,000
5,241,000
Net Income (Loss)
$ 1,295,000
$ (257,000)
$ 3,569,000
$ (6,274,000)
Earnings per Common Share --
Basic
$1.07
($0.22)
$2.95
($5.26)
Diluted
$1.07
($0.22)
$2.95
($5.26)