Paul Mueller Co. (MUEL)

[ZachBuffett]

Good response, I will have to look further into our tax rate, and the contraction of margins last year. Nothing to be concerned about at all, imo though. In the last decade, Q4 is actually the biggest quarter, both in revs and income. Take a look at 2011 for example, even without the tax benefit. There are other years with Q4 contributing as much as 35% to FY revs, and over 50% to income.

I'm actually looking more for further increased backlog again this quarter rather than seeing the revs come in that much higher.