Welcome to our dedicated page for Miller Inds news (Ticker: MLR), a resource for investors and traders seeking the latest updates and insights on Miller Inds stock.
Miller Industries, Inc. (NYSE: MLR) is a Tennessee-incorporated manufacturer that focuses on vehicle towing and recovery equipment, and it regularly issues news updates that are relevant to investors and industry observers. The company describes itself as The World's Largest Manufacturer of Towing and Recovery Equipment® and markets its products under brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Titan and Eagle.
The news flow for Miller Industries covers several recurring themes. Earnings releases provide quarterly results, commentary on demand for towing and recovery equipment, and discussions of factors such as chassis shipments from original equipment manufacturers, cost reduction plans and capital allocation decisions. These releases often include information about dividends, share repurchases and the company’s financial position.
Miller Industries also announces corporate actions and strategic transactions through its news. One example is the acquisition of Omars – S.p.A, a designer and manufacturer of towing and recovery vehicles based in Cuneo, Italy. The company has highlighted that Omars has over 45 years of experience in manufacturing light-duty, medium-duty and heavy-duty car carriers and recovery vehicles and that the acquisition is expected to expand its European footprint and add manufacturing capacity.
Other news items describe workforce and operational changes, such as a workforce reduction across three manufacturing facilities as part of a cost reduction plan, and participation in investor conferences, where senior management presents and hosts one-on-one meetings with investors. These announcements provide insight into how Miller Industries responds to market conditions and communicates with the investment community.
By following the Miller Industries news stream, readers can monitor quarterly financial performance, strategic acquisitions, operational adjustments and investor relations activities related to the company’s towing and recovery equipment business.
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, 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.
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.