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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) 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.
Miller Industries reported Q3 2020 net sales of $168.4 million, down 13.9% from Q3 2019's $195.5 million. Net income decreased 18.9% to $6.6 million, or $0.57 per share. For the nine months, net sales were $472.9 million, a 23.1% decline from $615.0 million last year. The company declared a quarterly dividend of $0.18 per share, marking its 40th consecutive payment. Despite the challenges posed by COVID-19, management noted a 31.0% sequential revenue increase from Q2 and positive cash flow with $47.5 million in cash and no long-term debt.
Miller Industries, Inc. (NYSE: MLR) will announce its third-quarter results for the period ending September 30, 2020, on November 4, 2020, after market close. A conference call to discuss these results is scheduled for November 5, 2020, at 10:00 AM ET. Participants can join the live broadcast via the internet, with a link provided in the press release. Miller Industries is recognized as The World's Largest Manufacturer of Towing and Recovery Equipment®, showcasing brands like Century, Vulcan, and Chevron.
Miller Industries (NYSE: MLR) reported second-quarter results for 2020, revealing a 42.2% decline in net sales to $128.5 million, down from $222.3 million in Q2 2019. Net income also fell 45.5%, totaling $5.8 million, or $0.51 per share. Over six months, net sales decreased 27.4% to $304.6 million. Despite challenges from COVID-19, the company reduced long-term obligations by $25 million, and declared a quarterly dividend of $0.18 per share. CEO Jeffrey Badgley emphasized ongoing investments in technology for operational efficiency.
Miller Industries, Inc. (NYSE: MLR) will announce its second quarter results for the period ending June 30, 2020, on August 5, 2020, after market close. A conference call is scheduled for August 6, 2020, at 10:00 AM ET, where stakeholders can listen live online. Miller Industries is recognized as the largest global manufacturer of towing and recovery equipment, marketing its products under esteemed brands such as Century, Vulcan, and Chevron.