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    Mike Schielski

    Managing Director and Senior Analyst at D. A. Davidson

    Michael Shlisky is a Managing Director and Senior Analyst at D.A. Davidson, specializing in equity research across industrials, mobile equipment, specialty vehicles, and industrial technology sectors. He covers companies including Miller Industries and others within electrification and precision technology, maintaining a strong performance record with a success rate of around 53% and an average return of 6.7%, and achieving his most profitable rating with a 639.7% return on FUVV stock. Shlisky began his analyst career over 15 years ago, previously holding positions at Colliers Securities, Seaport Global Securities, and J.P. Morgan, before joining D.A. Davidson’s award-winning research team in 2021. He holds a bachelor's degree from NYU Stern and an MBA from Duke Fuqua, and is a FINRA-registered broker with necessary securities licenses.

    Mike Schielski's questions to MILLER INDUSTRIES INC /TN/ (MLR) leadership

    Mike Schielski's questions to MILLER INDUSTRIES INC /TN/ (MLR) leadership • Q2 2025

    Question

    The analyst asked about the company's cost reduction strategies, sales incentives to stimulate demand, the potential impact of an interest rate cut on guidance, the status of the share buyback program, updates on military contract RFQs, and the expected product mix and gross margin for the second half of the year.

    Answer

    Management is analyzing all costs for potential reductions without harming long-term success. They are working with chassis partners on incentives. A potential interest rate cut is not in the guidance and would be upside. $20 million remains on the buyback plan, which the board will aggressively consider. Military RFQ activity remains high, with the Canadian contract now secured. The product mix is expected to normalize over the next two quarters, with gross margins anticipated to settle in the mid-13% range in the future.

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