Paul Mueller Q1 profit declines on higher costs and project delays

Paul Mueller

24/04/2026 22:15

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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)