Miller Inds Stock Price, News & Analysis

Miller Industries, Inc. (NYSE: MLR), on March 1, 2022, granted 160,000 restricted stock units (RSUs) to executive officers, amounting to approximately 1.5% of total shares outstanding. These RSUs will vest evenly over five years. Concurrently, the Board established stock ownership guidelines mandating that RSU shares be held for a minimum of five years post-vesting, with sales prohibited until individual ownership targets are met. This initiative aims to align management's financial interests with those of stockholders and reward leadership during challenging times.

Miller Industries announced its Q3 2021 financial results, reporting net sales of $164.7 million, a 2.2% decrease from Q3 2020. Net income fell 41.3% to $3.8 million or $0.34 per share. Gross profit remained steady at $17.8 million, representing 10.8% of net sales. Selling, general and administrative expenses increased to $12.0 million, or 7.3% of sales. For the year-to-date, net sales were $515.8 million, up 9.1%, but net income decreased 24.0% to $13.5 million. A quarterly cash dividend of $0.18 per share was declared.

Miller Industries, Inc. (NYSE: MLR) will announce its third-quarter results for the period ending September 30, 2021, on November 3, 2021, after market close. A conference call to discuss these results is scheduled for November 4, 2021, at 10:00 AM ET. The call will be accessible live via the Internet, with an archived version available post-event. Miller Industries is recognized as The World's Largest Manufacturer of Towing and Recovery Equipment® and operates under various well-known brands.

Miller Industries reported a strong second quarter for 2021, with net sales of $181.2 million, up 40.9% from Q2 2020. Net income increased by 11.8% to $6.5 million or $0.57 per share. However, gross profit declined to 11.4% of net sales, down from 13.8% a year earlier. The company declared a $0.18 quarterly cash dividend, marking the 43rd consecutive quarter of dividends. Challenges include supply chain disruptions and employee turnover, but demand remains strong, supported by a healthy order backlog.

Miller Industries, Inc. (NYSE: MLR) will announce its second-quarter results for the period ending June 30, 2021, on August 4, 2021, after market close. A conference call is scheduled for August 5, 2021, at 10:00 AM ET, where the results will be discussed. Investors can access the live broadcast via the internet, with an archive available post-call. Miller Industries is the largest manufacturer of towing and recovery equipment globally, marketing under brands such as Century and Vulcan.

Miller Industries (MLR) reported Q1 2021 net sales of $169.9 million, down 3.5% from Q1 2020's $176.1 million. Net income fell 41.5% to $3.2 million, or $0.28 per share, compared to $5.4 million, or $0.48 per share, last year. Gross profit also decreased to $15.8 million (9.3% of net sales) from $18.5 million (10.5%). The company declared a $0.18 per share dividend, marking the 42nd consecutive quarter of dividend payments. Despite challenges from supply chain disruptions, Miller Industries is seeing favorable demand trends and a strong order backlog.

Miller Industries, Inc. (NYSE: MLR) will announce its first-quarter results for the period ending March 31, 2021, on May 5, 2021, post-market close. A conference call is scheduled for May 6, 2021, at 10:00 AM ET, accessible via the internet. Miller Industries, recognized as the largest manufacturer of towing and recovery equipment globally, markets under notable brands like Century and Vulcan. Investors and stakeholders can expect insights into the company's financial health during the conference.

Miller Industries, Inc. (NYSE: MLR) reported its financial results for Q4 and the full year of 2020. Q4 net sales decreased by 12.2% to $178.3 million, while net income increased by 2.8% to $12 million, or $1.05 per share. For the full year, net sales fell 20.4% to $651.3 million, with net income declining by 23.7% to $29.8 million, or $2.62 per share. The company declared a quarterly cash dividend of $0.18 per share. The CEO expressed optimism for 2021 despite challenges from COVID-19 and supply chain disruptions, noting opportunities for improvement.

Miller Industries, Inc. (NYSE: MLR) will release its fourth-quarter and full-year results for the year ended December 31, 2020, on March 3, 2021, after market close. A conference call is scheduled for March 4, 2021, at 10:00 AM ET, which will be broadcast live online. Miller Industries is recognized as the world's largest manufacturer of towing and recovery equipment, with well-known brands like Century, Vulcan, and Chevron.