- Net sales for Paul Mueller Company (OTC: MUEL) surged by 16.9% to $58.86 million in Q1 2025 compared to the same period in 2024.
- Net income increased by 10.8% to $4.93 million, markedly improving earnings per share to $5.26.
- The company's order backlog experienced significant growth, soaring by 65.6% to $254.52 million.
Paul Mueller Company (OTC: MUEL) reported robust financial results for the first quarter of 2025, ending on March 31. The company showcased a notable increase in net sales, which rose 16.9% year-over-year, reaching $58.86 million, up from $50.36 million in Q1 2024. This growth was spearheaded by a strong domestic performance, contributing $50.08 million to the total revenue, while Mueller BV added $8.78 million.
Financially, Paul Mueller Company exhibited a commendable increase in net income, which climbed 10.8% to $4.93 million, resulting in earnings per share rising to $5.26 from the previous year's $4.10. Additionally, the company's backlog expanded significantly, jumping to $254.52 million from $153.69 million at the end of 2024, underlining a robust pipeline of ongoing and upcoming projects.
The company's book value per share improved to $90.24, up from $84.27 at the end of the previous year, while maintaining a strong cash position with $21.67 million on hand.
Despite these positive developments, the Mueller BV segment faced challenges, witnessing a revenue decline of 25.7% to $8.78 million and reporting a loss of $494,000, compared to a profit in the previous year.
