PAUL MUELLER COMPANY
THREE-MONTH REPORT
(In thousands)
CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
Twelve Months Ended
March 31
March 31
2026
2025
2026
2025
Net Sales
$
66,353
$
58,860
$
294,494
$
257,089
Cost of Sales
51,803
41,038
203,966
172,602
Gross Profit
$
14,550
$
17,822
$
90,528
$
84,487
Selling, General and Administrative Expense
12,062
11,533
50,792
47,423
Operating Income
$
2,488
$
6,289
$
39,736
$
37,064
Interest Income
576
29
337
976
Other (Loss) Income
(41
)
64
2,368
897
Income before Provision for Income Taxes
$
3,023
$
6,382
$
42,441
$
38,937
Provision for Income Taxes
724
1,454
10,390
8,786
Net Income
$
2,299
$
4,928
$
32,051
$
30,151
Earnings per Common Share, – Basic and Diluted
$
2.56
$
5.26
$
35.05
$
32.18
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Three Months Ended
March 31
2026
2025
Net Income
$
2,299
$
4,928
Other Comprehensive (Loss) Income, Net of Tax:
Foreign Currency Translation Adjustment
(342)
875
Comprehensive Income
$
1,957
$
5,803
CONSOLIDATED BALANCE SHEETS
March 31
December 31
2026
2025
Cash and Cash Equivalents
$
44,370
$
29,883
Marketable Securities
10,673
19,913
Accounts Receivable, net
42,689
41,719
Inventories (FIFO)
52,573
52,715
LIFO Reserve
(21,297)
(21,051)
Inventories (LIFO)
31,276
31,664
Current Net Investments in Sales-Type Leases
63
62
Other Current Assets
16,313
5,758
Current Assets
$
145,384
$
128,999
Net Property, Plant, and Equipment
82,000
79,083
Right of Use Assets
2,323
2,276
Other Assets
1,740
1,625
Long-Term Net Investments in Sales-Type Leases
2,381
2,338
Total Assets
$
233,828
$
214,321
Accounts Payable
$
17,284
$
17,750
Current Maturities and Short-Term debt
460
468
Current Lease Liabilities
419
403
Advance Billings
56,460
36,362
Other Current Liabilities
51,026
52,594
