Welcome to our dedicated page for Miller Industries news (Ticker: MLR), a resource for investors and traders seeking the latest updates and insights on Miller Industries stock.
Miller Industries reports developments tied to its towing and recovery equipment business, including quarterly results, production levels, pricing actions, cash flow, dividends and share repurchases. The company manufactures car carriers, wreckers, heavy-duty recovery products, rotators and transport equipment under brands such as Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Titan, Eagle and Omars.
Recurring updates also address manufacturing capacity, European operations, military recovery product commitments and integration of completed acquisitions. News around MLR commonly links operating results to chassis availability, product mix, order intake, production discipline and investment in U.S. and European manufacturing capabilities.
Miller Industries, Inc. (NYSE: MLR) reported strong financial results for the first quarter of 2024, with net sales increasing by 23.9% to $349.9 million. Gross profit rose to $44.2 million, driven by higher revenue levels and margin improvements across all product lines. Net income also surged to $17.0 million, or $1.47 per diluted share. The Company declared a quarterly cash dividend of $0.19 per share and authorized a $25 million share repurchase program. Miller Industries expects to maintain a healthy year-over-year growth rate for 2024.
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.
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