Miller Inds Stock Price, News & Analysis

Miller Industries (NYSE: MLR), the world's largest towing equipment manufacturer, reported mixed financial results for Q4 and full-year 2024. Q4 net sales decreased 25.1% to $221.9 million, primarily due to declining chassis shipments. However, Q4 gross margin improved to 15.1% from 13.0% year-over-year.

For full-year 2024, the company achieved record performance with net sales of $1.26 billion, up 9.0% from 2023. Net income increased 8.9% to $63.5 million, with earnings of $5.47 per diluted share. The company maintained its quarterly dividend of $0.20 per share and repurchased 49,500 shares worth $2.9 million.

Looking ahead to 2025, Miller Industries provided guidance of $950 million to $1.0 billion in revenue and diluted EPS of $2.90-$3.20, while noting challenges including tariffs, new legislation, and rising ownership costs for end users.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has scheduled its Fourth Quarter and Full Year 2024 earnings release for March 5, 2025, after market close. The company will host a conference call to discuss the results on Thursday, March 6, 2025, at 10:00 AM ET.

The conference call will be accessible via live webcast, with participants advised to allow 15 minutes for necessary audio software installation. An archived version of the call will be available for later access. Miller Industries operates under several recognized brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, and Eagle.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has announced its participation in the 16th Annual Southwest IDEAS Investor Conference in Dallas. CEO William Miller II and CFO Deborah Whitmire will present on November 20, 2024, at 10:45 AM CT at The Statler. The presentation will be accessible via webcast through both the conference website and Miller Industries' investor relations page.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has announced its participation in the Raymond James Sonoma Small Cap Summit on November 18th in Sonoma, CA. CEO William Miller II and CFO Deborah Whitmire will be conducting one-on-one meetings with investors during the event.

Miller Industries (NYSE: MLR) reported Q3 2024 financial results with net sales of $314.3 million, up 14.5% year-over-year. Gross profit was $42.0 million (13.4% margin), down from $42.9 million (15.6% margin) in Q3 2023. Net income decreased 11.7% to $15.4 million, or $1.33 per diluted share. The company declared a quarterly dividend of $0.19 per share and repurchased 45,000 shares worth $2.9 million. Revenue growth was driven by normalized OEM chassis deliveries, though partially offset by Hurricane Helene impacts. Management expects low double-digit topline growth and improved profitability for full year 2024.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has rescheduled its Third Quarter 2024 earnings release to Tuesday, November 12, 2024, after market close. The company will host a conference call on Wednesday, November 13, 2024, at 10:00 AM ET to discuss the results. The call will be accessible via webinar, with an archived version available afterward.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has scheduled its Third Quarter 2024 earnings release for Wednesday, November 13, 2024, after market close. The company will host a conference call on Thursday, November 14, 2024, at 10:00 AM ET to discuss the results. The call will be accessible via webinar, with archived versions available afterward.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has announced its participation in the 23rd Annual D.A. Davidson Diversified Industrials & Services Conference on September 19, 2024, in Nashville, TN. CEO William Miller II and CFO Deborah Whitmire will be hosting one-on-one meetings with investors during the event.

Miller Industries markets its products under several well-known brands, including Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Titan®, and Eagle®. This conference provides an opportunity for the company to engage directly with potential investors and discuss its market position in the towing and recovery equipment industry.

Miller Industries (NYSE: MLR) announced its 2024 second quarter results, reporting net sales of $371.5 million, a 23.7% increase compared to the second quarter of 2023. This growth is attributed to consistent customer demand, increased production volume, and elevated OEM chassis deliveries. The gross profit for Q2 2024 was $51.1 million, or 13.8% of net sales, up from $39.9 million or 13.3% in Q2 2023. Selling, general and administrative expenses were $22.8 million, 6.1% of net sales, compared to $19.5 million or 6.5% in the prior year. Net income reached $20.5 million, or $1.78 per diluted share, representing a 37.5% and 37.7% increase, respectively. The board declared a quarterly cash dividend of $0.19 per share, payable on September 16, 2024. CEO William G. Miller, II, highlighted strong operational performance, strategic initiatives, and plans for future investment in manufacturing capabilities. The company anticipates low double-digit revenue growth for 2024.