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) 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.