YOUR BUSINESS AUTHORITY
Springfield, MO
Paul Mueller Co. (OTC: MUEL) grew its second-quarter net income by 141 percent to $1.6 million from $653,000 a year earlier. But officials noted last year’s second-quarter results were adversely affected by pension payments.
The Springfield-based stainless steel equipment manufacturer reported diluted share earnings of $1.31 in the most recent quarter, up from 55 cents in second-quarter 2017, according to a news release.
Second-quarter 2018 financial highlights:
• Net sales grew 58 percent to $62.7 million.
• Domestic earnings rose 288 percent, while European profits dipped 1.3 percent.
• The company’s order backlog was at $81.5 million at the end of the quarter, compared with $94 million as of Dec. 31, 2017.
As of June 30, Mueller Co.’s assets were $147.5 million, according to the release.
Mueller Co.’s over-the-counter stock was trading at $30.50 as of 10:14 a.m., compared with a 52-week range of $28.52 to $40.
Utah-based gourmet cookie chain Crumbl Cookies opened its first Springfield shop; interior design business Branson Upstaging LLC relocated; and Lauren Ashley Dance Center LLC added a second location.
Updated: Systematic Savings Bank to be acquired in $14M deal
Warby Parker store planned in Springfield
Former CoxHealth colleagues starting communications firm
Former Wentzville superintendent to get $1M in contract buyout
STL construction firm buys KC company
NPR editor resigns after writing piece critical of organization
Survey finds increase in average salary Americans willing to take
Perhaps you should ask if the tariffs on imported steel have improved their business? It would seem so.