Paul Mueller Q1 profit declines on higher costs and project delays

MUELLER(PAUL)CO

MUELLER(PAUL)CO

MUEL

0.00


Overview

  • Q1 net income fell yr/yr due to higher costs and project delays in Industrial Equipment

  • U.S. industrial equipment maker's Q1 revenue rose yr/yr

  • Netherlands operations saw higher Q1 revenue and earnings compared to prior year


Outlook

  • Company did not provide specific guidance or forecasts for the current qtr or full yr


Result Drivers

  • PROJECT DELAYS AND EXPEDITE COSTS - Co said weak Q1 profitability was driven by significant unplanned hours and costs to maintain customer commitments on long-lived Industrial Equipment projects

  • NETHERLANDS GROWTH - Co said Netherlands operations saw higher Q1 revenue and earnings, with backlog rising to $16.5 mln from $7.5 mln yr/yr


Company press release: ID:nGNX416105


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$66.35 mln

Q1 Net Income

$2.30 mln

Q1 Gross Profit

$14.55 mln

Q1 Operating Income

$2.49 mln


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