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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 18, 2003
|
PAUL MUELLER COMPANY
(Exact name of registrant as specified in its charter) |
MISSOURI
(State or other jurisdiction
of incorporation) | 0-4791
(Commission File Number) | 44-0520907
(I.R.S. Employer Identification No.) |
1600 WEST PHELPS STREET -- P.O. BOX 828
SPRINGFIELD, MISSOURI
(Address of principal executive offices) |
65801-0828
(Zip Code)
|
Registrant's telephone number, including area code: (417) 831-3000 |
NOT APPLICABLE
(Former name or former address, if changed since last report) |
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ITEM 7. | Financial Statements and Exhibits. |
| | (c) | Exhibits |
| | | Exhibit No. | | Page No. |
| | | 99.1 | Press Release dated July 18, 2003, announcing quarterly financial results for the quarter ended June 30, 2003. | 3 |
ITEM 12. | Results of Operations and Financial Condition. |
| | On July 18, 2003, Paul Mueller Company issued a Press Release announcing its financial results for the second quarter ended June 30, 2003. A copy of the Press Release is being furnished as Exhibit 99.1 of this Form 8-K. |
SIGNATURES |
Pursuant to the requirements of The Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. |
| | PAUL MUELLER COMPANY
|
DATE: July 18, 2003 | /S/ DONALD E. GOLIK
Donald E. Golik, Senior Vice President and
Chief Financial Officer |
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EXHIBIT 99.1
IMMEDIATE RELEASE | TRADED: The Nasdaq Stock Market (MUEL) |
FRIDAY, JULY 18, 2003 | FOR FURTHER INFORMATION CONTACT:
Donald E. Golik
Springfield, Missouri
(417) 831-3000 |
SPRINGFIELD, MISSOURI -- PAUL MUELLER COMPANY TODAY RELEASED ITS SECOND QUARTER REPORT FOR THE PERIOD ENDED JUNE 30, 2003, AS FOLLOWS:
Paul Mueller Company and Subsidiaries
(Unaudited)
CONSOLIDATED SUMMARIES OF OPERATIONS |
| | Three Months Ended
June 30, | Six Months Ended
June 30, | Twelve Months Ended
June 30, |
2003 | 2002 | 2003 | 2002 | 2003 | 2002 |
Net Sales
| $ 29,961,000 | $ 22,514,000 | $ 57,540,000 | $ 41,111,000 | $130,578,000 | $ 95,563,000 |
Income (Loss) from Operations before Taxes | $ 1,583,000 | $ (309,000) | $ 2,740,000 | $ (2,044,000) | $ 7,640,000 | $ (2,454,000) |
Tax Provision (Benefit) | 599,000 | (84,000) | 1,038,000 | (706,000) | 2,711,000 | (965,000) |
Net Income (Loss) | $ 984,000 | $ (225,000) | $ 1,702,000 | $ (1,338,000) | $ 4,929,000 | $ (1,489,000) |
Earnings (Loss) per Common Share --
Basic
Diluted | $ 0.84
$ 0.83 | $(0.20)
$(0.20) | $ 1.46
$ 1.45 | $(1.15)
$(1.15) | $ 4.22
$ 4.19 | $(1.28)
$(1.28) |
NOTE: 1)
| The effective tax rates for the periods presented vary from the statutory tax rate (34%) due to state income taxes, items that are treated differently for book and tax purposes, and tax credits. |
FINANCIAL HIGHLIGHTS |
| June 30
2003 | December 31
2002 |
Total Assets
Working Capital
Current Ratio
Net Worth
Book Value per Share
Backlog
|
$75,058,000
$12,048,000
1.35 : 1
$29,351,000
$ 24.59
$54,527,000
|
$68,337,000
$11,392,000
1.40 : 1
$29,017,000
$ 24.49
$54,023,000
|
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