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Miller Industries, Inc. - MLR STOCK NEWS

Welcome to our dedicated news page for Miller Industries (Ticker: MLR), a resource for investors and traders seeking the latest updates and insights on Miller Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Miller Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Miller Industries's position in the market.

Rhea-AI Summary

Miller Industries, Inc. (NYSE: MLR) will announce its First Quarter 2024 results on May 8, 2024, after market close. The company will host a conference call on May 9, 2024, accessible online. Miller Industries is a leading manufacturer of towing and recovery equipment.

Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Miller Industries, Inc. (MLR) announced a $25.0 million share repurchase program following strong financial performance in 2023. The Board of Directors aims to maximize shareholder value by increasing dividends and initiating the repurchase program. The company plans to repurchase shares through various methods, reflecting confidence in its team and business strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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buyback
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Rhea-AI Summary
Miller Industries, Inc. responds to Advisory Research's call for a strategic review process, emphasizing the success of their current growth strategy with a 48.4% total shareholder return over the past year.
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End-of-Day
0.52%
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Rhea-AI Summary
Advisory Research, Inc. urges Miller Industries (MLR) to initiate a strategic review process, including a potential sale of the company, to maximize shareholder value. The company highlights operational and strategic issues affecting Miller's valuation, suggesting a premium of over 30% could be achieved. Key concerns include inadequate corporate governance, lagging margins, excessive executive compensation, and high operating expenses. The Board is advised to form an independent committee to oversee the review and consider various paths to enhance shareholder value.
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Rhea-AI Sentiment
End-of-Day
0.52%
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management
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Rhea-AI Summary
Miller Industries, Inc. (MLR) reports strong financial results for Q4 and full year 2023, with significant increases in net sales, gross profit, and net income. The company also announces a 5.6% increase in quarterly cash dividend. CEO William G. Miller II expresses confidence in continued growth and efficiency improvements for 2024.
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Rhea-AI Sentiment
End-of-Day
10.83%
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Rhea-AI Summary
Miller Industries, Inc. (MLR) announced a 5.6% increase in quarterly dividend to $0.19 per share, payable on March 25, 2024. This marks the fifty-third consecutive quarter of dividend payments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.83%
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dividends
Rhea-AI Summary
Miller Industries, Inc. (MLR) will release its Fourth Quarter and Full Year results on March 6, 2024, followed by a conference call on March 7, 2024. The call will be broadcast live online, allowing listeners to access it through a provided link.
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Rhea-AI Sentiment
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1.01%
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Rhea-AI Summary
Miller Industries, Inc. (MLR) schedules its Annual Meeting of Shareholders for June 21, 2024, at the Hilton Garden Inn Hotel in Dalton, Georgia. As the largest manufacturer of Towing and Recovery Equipment, the company aims to engage with its shareholders and discuss key matters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
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none
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Rhea-AI Summary
Miller Industries, Inc. (NYSE: MLR) announced strong preliminary financial results for the Fourth Quarter and Full Year ended December 31, 2023. Net sales and gross profit saw significant year-over-year increases, with pre-tax income also showing substantial growth. Fiscal Year 2023 was a record year for the company, with topline growth reflecting strong demand and profitability improvements. The backlog remains near record levels, and order trends are strong, providing confidence for continued topline growth in fiscal 2024.
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Rhea-AI Sentiment
End-of-Day
5.5%
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Rhea-AI Summary
Miller Industries, Inc. (NYSE: MLR) Announces CEO and CFO to Host Investor Meetings at Southwest IDEAS Investor Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.18%
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conferences
Miller Industries, Inc.

NYSE:MLR

MLR Rankings

MLR Stock Data

564.44M
10.96M
4.13%
84.1%
0.44%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
OOLTEWAH

About MLR

world's largest manufacturer of towing and recovery equipment. based out of chattanooga, tn with additional manufacturing facilities in greeneville, tn, hermitage, pa, and mercer, pa.