CORRECTION: Paul Mueller Company Announces Its Second Quarter Earnings of 2025

Core Viewpoint - Paul Mueller Company has corrected its earnings per share for the three and six months ended June 30, 2025, indicating a significant improvement in financial performance compared to the previous year [1]. Financial Performance - For the three months ended June 30, 2025, net sales increased to $72.624 million from $65.670 million in 2024, representing a growth of 14.3% [3]. - Gross profit for the same period rose to $27.864 million, up from $19.799 million, marking a 40.7% increase [3]. - Operating income improved to $14.532 million compared to $8.382 million in the prior year, reflecting a 73.5% increase [3]. - Net income for the three months ended June 30, 2025, was $11.629 million, up from $6.804 million, a growth of 71.5% [3]. Six-Month Performance - For the six months ended June 30, 2025, net sales reached $131.484 million, compared to $116.026 million in 2024, an increase of 13.3% [3]. - Gross profit for the six months was $45.686 million, up from $35.595 million, a rise of 28.4% [3]. - Net income for the six months was $16.557 million, compared to $11.253 million in the previous year, reflecting a 47.2% increase [3]. Twelve-Month Performance - For the twelve months ended June 30, 2025, net sales totaled $264.043 million, up from $228.900 million, a growth of 15.4% [3]. - Net income for the twelve months was $34.976 million, compared to a loss of $7.117 million in 2024, indicating a significant turnaround [3]. Backlog and Market Position - The backlog as of June 30, 2025, was $234.2 million, up from $187.3 million in the previous year, with a notable increase in the U.S. backlog driven by the Industrial Equipment segment [26]. - The U.S. backlog increased by $42.4 million, primarily due to demand from pharmaceutical customers [26]. Adjusted Earnings - Non-GAAP adjusted earnings before tax (EBT) increased by $6.9 million for the three months, $10.3 million for six months, and $20.1 million for the trailing twelve months, primarily from strong results in the Industrial Equipment segment [27]. Cash Flow and Assets - Net cash provided by operating activities for the six months ended June 30, 2025, was $25.805 million, compared to $7.408 million in 2024 [10]. - Total assets as of June 30, 2025, were $195.304 million, up from $158.674 million at the end of 2024 [5].