Paul Mueller Co. (OTC: MUEL) reported a 49% increase in profits, with officials citing a rebound in dairy farm equipment sales.
First quarter profits were $1.3 million, or $1.19 per diluted share, compared with $875,000, or 73 cents per diluted share, a year earlier, according to a news release.
"The largest contributor to the improvement in the U.S. is the rebound of (dairy farm equipment) from historical lows," officials with the stainless steel manufacturer said in the release.
First quarter financial notes for Mueller Co.
• Revenue increased by 7.4% to $45.3 million.
• The company repurchased roughly $4 million worth of its stock from an unnamed shareholder during the quarter.
• Work backlog dropped to $69 million from $107.3 million a year earlier.
As of March 31, Mueller Co.'s assets were $117.2 million, according to the release.
Mueller Co.'s over-the-counter stock opened at $46.50 this morning, compared with a 52-week range of $24.30 to $53 per share.
SBJ interviews the owner of David Potter Agency Inc.
Caleb Scott, owner and coach of the Queen City Insane Asylum, says the name for the team was chosen lightheartedly. He said the name also catches people's attention.
Barak Hill gives advice based on what he learned from the COVID-19 pandemic and how it affected his business. He says we should all have a backup plan ready to use.
Sandy Higgins, owner of the Crackerjack Shack, recommends the book "The E-Myth Mastery" by Michael E Gerber. She says it changed the course of how she runs her business.
Aaron York describes the work culture he tries to foster at Donco3 and why he attributes to it a part of Donco3's success. Rachel York is a co-owner of Donco3 and Aaron is the General Superintendent.
Hollie Elliott, executive director of the Dallas County Economic Development Group, explains how local schools factor into business decisions and affect a local community.
Rachel Barks, owner of Artistree Pottery, says an important lesson she learned was not to over-expand and to do her research before hand. She gives examples from her experience as a startup business owner.
Jim and Debbie Meinsen own TCI Graphics, and are now celebrating 50 years of business. Jim Meinsen takes some time to explain his philosophy on debt, and how to stay out of it.
Caleb Scott, owner and coach of Queen City Insane Asylum semi-professional football, says the early grind was hard, but it was worth it. The team is in their second season carrying a national ranking of number 2 in the NFA IDFL.
Barak Hill, local musician and entrepreneur, tells about his switch to livestreaming in 2020. He says it was a necessary move, but also not an easy one.
Jessica Burkland, a SCORE mentor and an instructor at the MSU Department of Management, gives us a rundown of the non-profit organization SCORE. SCORE stands for Service Corps of Retired Executives and offers free consultation and advice to business owners.