Miller Industries

Miller Industries, Inc. (Tennessee) engages in the manufacture of vehicle towing and recovery equipment. Its products include car carriers, light duty, heavy duty, rotators, and special transport. The firm markets its products under the brand names of Century, Challenger, Holmes, Champion, Eagle, Titan, Jige, Boniface, Vulcan, and Chevron. The company was founded by William G. Miller in 1990 and is headquartered in Ooltewah, TN.

Earnings data Q4 2020

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Miller Industries posts strong Q4 results, eyes $1B revenue in 2023

Miller Industries delivered robust financial performance in Q4 2022, showcasing growth, profitability, and strategic positioning for future success.
The company's emphasis on operational improvements, shareholder value, and market competitiveness underpins its growth trajectory.
While challenges like supply chain disruptions persist, Miller Industries is well-positioned to capitalize on opportunities for revenue expansion and market leadership.

Miller Industries achieves record Q1 revenue and profitability growth

Miller Industries delivered exceptional financial results in Q1 2023, driven by revenue growth, improved profitability, and strong international demand.
While facing challenges in cash management and working capital, the company's strategic governance changes and dividend consistency highlight its resilience and commitment to shareholders.

Miller Industries (MLR) excels in Q2 2023, eyes $1B revenue

Miller Industries delivered robust financial performance in Q2 2023, driven by revenue growth, gross margin expansion, and increased net income, reflecting operational strength and strategic execution.
While facing challenges such as elevated backlogs and supply chain disruptions, the company's focus on debt reduction, dividend payments, and growth initiatives underscores resilience and long-term vision.
With a positive outlook for sustaining profitability, generating significant revenue, and leveraging market opportunities, Miller Industries remains well-positioned for continued success and value creation.

Miller Industries reports strong Q3 performance amidst supply chain challenges

Miller Industries delivered robust financial results in Q3 2023, driven by revenue growth and improved gross margins.
While facing challenges with supply chain disruptions, the company remains focused on operational efficiency and customer satisfaction.
Strategic initiatives to return capital to shareholders and invest in growth underscore the company's commitment to long-term value creation.

Miller Industries reports record-breaking revenues and strategic growth plans

Miller Industries delivered a stellar performance in Q4 2023, achieving record revenues and profits, exceeding targets, and maintaining a strong financial position.
The company's strategic focus on capital allocation, shareholder value, and operational efficiency positions it well for future growth and value creation.
While challenges in sustaining growth and managing costs exist, Miller Industries remains optimistic about its business strategy and growth prospects for fiscal year 2024.
With a commitment to rewarding shareholders, investing in the business, and pursuing growth opportunities, Miller Industries aims to drive continued success and value creation.

Miller Industries reports record Q1 revenues and strategic growth plans

Miller Industries delivered impressive financial results in Q1 2024, showcasing robust revenue growth, improved profitability, and enhanced shareholder value through dividend increases and share repurchases. While facing minor supply chain challenges, the company remains well-positioned to capitalize on opportunities for expansion and sustained growth in the coming quarters.

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CHATTANOOGA, Tenn. , Nov. 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Third Quarter ended September 30, 2024, on Wednesday, November 13, 2024, after market close.

MILLER INDUSTRIES TO ANNOUNCE THIRD QUARTER 2024 RESULTS ON WEDNESDAY NOVEMBER 13, 2024

Shares of Miller Industries Inc (MLR, Financial) surged 4.60% in mid-day trading on Oct 2. The stock reached an intraday high of $63.90, before settling at $62.62, up from its previous close of $59.86.

Miller Industries Inc (MLR) Stock Price Up 4.6% on Oct 2

Shares of Miller Industries Inc. have risen almost 48% year to date. The company has been added to the STAMPEDE list due to the ongoing activism campaign, according to DA Davidson.

Miller Industries Faces Ongoing Activist Investor Campaign, Analyst Adds Tow Truck Company To STAMPEDE List

CHATTANOOGA, Tenn. , Sept. 19, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, announced today that Chief Executive Officer, William Miller II, and Chief Financial Officer, Deborah Whitmire will host one-on-one meetings with investors at the D.A.

Miller Industries to Host 1x1 Investor Meetings at the 23rd Annual D.A. Davidson Diversified Industrials & Services Conference on September 19th in Nashville, TN

Miller Industries is a leading manufacturer of tow trucks with a variety of brands. The company's revenue and earnings have rebounded since the pandemic. Despite low valuation ratios, MLR is financially disciplined and undervalued, making it a buy.

Miller Industries Is Starting To Pay Attention To Investors

Miller Industries has seen some nice market-beating performance over an extended window of time. Recently, the company's revenue and profitability have surged, with net income growing from $14.9 million to $20.5 million in the second quarter. Despite the stock more than doubling since I rated it a 'buy' in March 2022, Miller Industries remains attractively priced and offers upside potential.

Miller Industries: Shares Can Keep Moving Higher

Miller Industries, Inc. (NYSE:MLR ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief Executive Officer Debbie Whitmire - Executive Vice President & Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the Miller Industries Second Quarter 2024 Results Conference Call.

Miller Industries, Inc. (MLR) Q2 2024 Earnings Call Transcript

Miller Industries' (MLR) Q2 EPS jumps 37.7% to $1.78, with revenues rising 23.7% to $371.5 million, driven by increased production and strong demand. Management raises full-year revenue growth expectations.

Miller Industries (MLR) Q2 EPS Soars Y/Y on High Production Volumes

CHATTANOOGA, Tenn. , Aug. 7, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the second quarter ended June 30, 2024.

MILLER INDUSTRIES REPORTS 2024 SECOND QUARTER RESULTS

CHATTANOOGA, Tenn. , July 31, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Second Quarter ended June 30, 2024, on Wednesday, August 7, 2024, after market close.

MILLER INDUSTRIES TO ANNOUNCE SECOND QUARTER 2024 RESULTS ON WEDNESDAY AUGUST 7, 2024

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Small-cap stocks have trailed their larger rivals for the last decade. The Russell 2000 Index that is comprised of 2,000 stocks with the smallest market capitalizations in the U.S. has risen 2.54% this year.

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Discover why Zacks rates Miller Industries with a "Neutral" recommendation, being the first on Wall Street to initiate coverage on the stock. Explore MLR's impressive growth, strategic acquisitions and innovative products balanced against competitive pressures and market uncertainties.

Zacks Initiates Coverage of Miller Industries With Neutral Recommendation

Miller Industries, Inc. (NYSE:MLR ) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief Executive Officer Debbie Whitmire - Executive Vice President & Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the Miller Industries First Quarter 2024 Results Conference Call.

Miller Industries, Inc. (MLR) Q1 2024 Earnings Call Transcript

CHATTANOOGA, Tenn. , May 8, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the first quarter ended March 31, 2024.

MILLER INDUSTRIES REPORTS 2024 FIRST QUARTER RESULTS

CHATTANOOGA, Tenn. , May 1, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the First Quarter ended March 31, 2024, on Wednesday, May 8, 2024, after market close.

MILLER INDUSTRIES TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON WEDNESDAY MAY 8, 2024

CHATTANOOGA, Tenn. , April 2, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced that its Board of Directors has authorized a $25.0 million share repurchase program.

MILLER INDUSTRIES BOARD AUTHORIZES NEW SHARE REPURCHASE PROGRAM

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CHATTANOOGA, Tenn., March 21, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company"), the World's Largest Manufacturer of Towing and Recovery Equipment, today responded to a public statement issued by Advisory Research, a shareholder in Miller Industries, calling on the Miller Industries Board of Directors (the "Board") to form a special committee and conduct a strategic review process.

MILLER INDUSTRIES ISSUES STATEMENT IN RESPONSE TO SHAREHOLDER LETTER

CHICAGO--(BUSINESS WIRE)--Advisory Research, Inc., which owns approximately 3.25% of Miller Industries' (NYSE: MLR) (“Miller” or the “Company”) outstanding shares, today sent the below letter to the Company's Board of Directors (the “Board”). *** March 21, 2024 Miller Industries 8503 Hilltop Drive, Suite 100 Ooltewah, TN 37363 Attn: The Board of Directors (the “Board”) Members of the Board, Advisory Research, Inc. (together with its affiliates, “Advisory Research” or “we”) is a long-term, top s.

Advisory Research Sends Letter to Miller Industries' Board of Directors Regarding Opportunities to Enhance Shareholder Value

Miller Industries, Inc. (NYSE:MLR ) Q4 2023 Earnings Conference Call March 7, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief Executive Officer Debbie Whitmire - Executive Vice President & Chief Financial Officer Operator Good day, ladies and gentlemen, and welcome to the Miller Industries Fourth Quarter and Full Year 2023 Results Conference Call. Please note, this event is being recorded.

Miller Industries, Inc. (MLR) Q4 2023 Earnings Call Transcript

CHATTANOOGA, Tenn. , March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2023.

MILLER INDUSTRIES REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS

CHATTANOOGA, Tenn. , March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today declared that its Board of Directors approved a 5.6% increase in the Company's quarterly dividend to $0.19 per share.

MILLER INDUSTRIES BOARD INCREASES DIVIDEND

CHATTANOOGA, Tenn. , Feb. 28, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Fourth Quarter and Full Year ended December 31, 2023, on Wednesday, March 6, 2024, after market close.

MILLER INDUSTRIES TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2023 RESULTS ON WEDNESDAY MARCH 6, 2024

CHATTANOOGA, Tenn. , Feb. 26, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today announced its Annual Meeting of Shareholders (the "Annual Meeting") will be held on June 21, 2024, at the Hilton Garden Inn Hotel, 879 College Drive, Dalton, Georgia 30720.

MILLER INDUSTRIES ANNOUNCES DATE OF THE ANNUAL MEETING OF SHAREHOLDERS

CHATTANOOGA, Tenn. , Feb. 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced preliminary financial results for the Fourth Quarter and Full Year ended December 31, 2023, ahead of upcoming meetings with investors.

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