Paul Mueller Company Reports Third-Quarter Earnings and Backlog Update

SPRINGFIELD, Mo., Oct. 30, 2026 /CourierPR/ -- Paul Mueller Company, a leading provider of industrial equipment, announced its third-quarter earnings for the period ending September 30, 2026. The company reported a net revenue of $245.6 million, a 2% decrease from the $250.4 million reported in the same period in 2025. The majority of the backlog remains in the Industrial Equipment segment, with the total backlog standing at $245.6 million as of September 30, 2026, compared to $250.4 million in the previous year. The U.S. backlog, which accounts for the bulk of the company's business, is $231.4 million, down from $238.4 million in the same period last year. The Netherlands backlog has increased to $14.2 million, up from $12.1 million in the previous year.

Revenue in the U.S. saw a significant increase, up $28.9 million for the three-month period and $68.3 million for the trailing twelve months. The bulk of this growth is attributed to the Industrial Equipment segment. In the Netherlands, revenues are up $2.2 million on a three-month basis and $14.8 million on a twelve-month basis. The company's net income for the three-month period increased to $11.7 million, a 68% increase from the $5.9 million reported in the same period in 2025. For the trailing twelve months, net income is up $6.0 million, reaching $17.7 million. In the U.S., net income is up $6.0 million for the three-month period and $2.1 million for the twelve months. In the Netherlands, net income is up $0.8 million on a three-month basis and $3.9 million on a twelve-month basis.

The company's domestic net income as a percentage of revenue rose to 13.7%, up from 9.6% in the same period in 2025. This improvement in profitability is attributed to the completion of the move into a new module fabrication building, which has added critical capacity and contributed to the 30.6% increase in domestic revenue year-to-date. The Dutch subsidiary's revenue and net income increased by 17.8% and 390.4% for the quarter, respectively. The strong demand in European dairy farm markets has led to an increased backlog despite the double-digit revenue growth.

The company's financials are affected by the euro to dollar exchange rate, with the month-end rate for September 2026 at 1.13, compared to 1.17 for September 2025 and December 2025. The company's non-GAAP adjusted earnings before tax (EBT) increased by $8.4 million for the three-month period, $0.6 million for the nine-month period, and $4.2 million for the trailing twelve months.