Paul Mueller: Strong Q4 Results, Yet The Upside May Not Be Fully Priced In

Paul Mueller delivered record Q4 results, with 33% revenue growth and a 59% year-over-year increase in backlog. MUEL's core business is driving growth, while data center exposure remains purely optional and additive to performance. Capital allocation is disciplined: $17M in buybacks, minimal debt, and significant investment in a new manufacturing facility.