Miller Inds Stock Price, News & Analysis

Miller Industries (NYSE:MLR), the world's largest manufacturer of towing and recovery equipment, has announced its participation in the upcoming Midwest IDEAS Investor Conference. CEO William Miller II and CFO Deborah Whitmire will deliver a presentation on August 27, 2025, at 10:00 AM CT at The InterContinental in Chicago.

Investors can access the presentation through the conference website at threepartadvisors.com/midwest or via Miller Industries' investor relations page at millerind.com/investors.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, has announced a significant workforce reduction affecting approximately 150 positions across three manufacturing facilities. The decision comes as part of a comprehensive cost reduction plan aimed at enhancing operational efficiency.

The company cites ongoing market challenges, including reduced retail sales and lower order intake, as primary factors driving this decision. To support affected employees, Miller Industries will provide financial and benefit assistance, along with outplacement and career transition resources.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, reported challenging Q2 2025 results with significant revenue declines. Net sales decreased 42.4% to $214.0 million compared to $371.5 million in Q2 2024, primarily due to reduced chassis shipments. Net income fell 58.8% to $8.5 million, or $0.73 per diluted share.

The company faced industry-wide demand headwinds, with retail sales down 20% quarter-over-quarter and order intake from distributors declining 30%. In response, Miller Industries revised its 2025 guidance, now expecting revenue between $750-800 million, and suspended EPS guidance due to potential restructuring costs.

Despite challenges, the company maintained its quarterly dividend of $0.20 per share. Management remains optimistic about long-term fundamentals, citing increasing miles driven, aging vehicles, and potential military contracts as future growth drivers.

Miller Industries (NYSE:MLR), the world's largest manufacturer of towing and recovery equipment, has scheduled its Second Quarter 2025 earnings release for Wednesday, August 6, 2025, after market close.

The company will host a conference call on Thursday, August 7, 2025, at 10:00 AM ET to discuss the results. Investors can access the live webinar through the provided link, with an archived version available afterward.

Miller Industries (NYSE: MLR), the world's largest manufacturer of towing and recovery equipment, announced its participation in the 15th Annual East Coast IDEAS Investor Conference. CEO William Miller II and CFO Deborah Whitmire will deliver a presentation on June 12, 2025, at 10:00 AM ET at The Westin Times Square in New York. Investors can access the presentation through the conference website or Miller Industries' investor relations page. This event provides an opportunity for investors to learn more about the company's operations and strategy through both the presentation and one-on-one meetings.

Miller Industries (NYSE: MLR) reported its Q1 2025 financial results with net sales of $225.7 million, down 35.5% from $349.9 million in Q1 2024, primarily due to decreased chassis shipments. Despite lower sales, gross margin improved to 15.0% from 12.6%, driven by a shift in product mix. Net income decreased 52.6% to $8.1 million ($0.69 per diluted share) compared to $17.0 million ($1.47 per diluted share) in Q1 2024. The company declared a quarterly dividend of $0.20 per share and executed $2.1 million in share repurchases. Management highlighted efforts to mitigate tariff impacts through surcharges and price increases, while noting strong activity in the global military market and anticipating improvements in the second half of 2025.

Miller Industries, the world's largest manufacturer of towing and recovery equipment, has scheduled its First Quarter 2025 earnings release for Wednesday, May 7, 2025, after market close.

The company will host a live conference call on Thursday, May 8, 2025, at multiple time zones:

• 10:00 AM Eastern Time
• 9:00 AM Central Time
• 8:00 AM Mountain Time
• 7:00 AM Pacific Time

Investors can access the live conference call through https://app.webinar.net/4xOvyGvRja3. Participants are advised to allow 15 minutes before the call to download necessary audio software. An archived version will be available at the same website after the call.

Miller Industries markets its products under several recognized brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, and Eagle.

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.