Earnings summaries and quarterly performance for MILLER INDUSTRIES INC /TN/.
Executive leadership at MILLER INDUSTRIES INC /TN/.
William G. Miller II
Detailed
Chief Executive Officer
CEO
Deborah Whitmire
Detailed
Executive Vice President, Chief Financial Officer, and Treasurer
Frank Madonia
Detailed
Executive Vice President, General Counsel and Secretary
Jeffrey Badgley
Detailed
President of International & Military
Josias Reyneke
Detailed
Vice President and Chief Information Officer
Vincent Tiano
Detailed
Vice President and Chief Revenue Officer
William G. Miller
Detailed
Executive Chairman of the Board
Board of directors at MILLER INDUSTRIES INC /TN/.
Research analysts who have asked questions during MILLER INDUSTRIES INC /TN/ earnings calls.
Recent press releases and 8-K filings for MLR.
Miller Industries Acquires Omars
MLR
M&A
New Projects/Investments
- Miller Industries, Inc. (MLR) announced the acquisition of Omars – S.p.A., an Italian designer and manufacturer of towing and recovery vehicles, on December 2, 2025.
- The acquisition was an all-cash transaction for an aggregate purchase price of approximately €17.5 million, or $20.3 million, financed using cash on hand and the company's existing credit facility.
- Omars, with over 45 years of experience in manufacturing towing and recovery vehicles, reported annual revenue of approximately $27 million for 2024.
- The acquisition is expected to be accretive in year one and aims to expand Miller Industries' footprint in the European market and improve manufacturing flexibility.
Dec 2, 2025, 1:24 PM
Miller Industries Completes Acquisition of Omars
MLR
M&A
New Projects/Investments
- Miller Industries, Inc. (MLR) has completed the all-cash acquisition of Omars – S.p.A, an Italian designer and manufacturer of towing and recovery vehicles, for approximately €17.5 million or $20.3 million.
- This acquisition is expected to expand Miller Industries' footprint in the European market, provide additional manufacturing capacity, and is anticipated to be accretive in its first year.
- Omars' annual revenue for 2024 was approximately $27 million.
Dec 2, 2025, 1:17 PM
Miller Industries Presents at 17th Annual Southwest IDEAS Conference
MLR
Guidance Update
Dividends
Demand Weakening
- Miller Industries, the world's largest manufacturer of towing and recovery equipment, reported Q3 revenue of $178.7 million, net income of $3.1 million, and returned $3.5 million to shareholders through dividends and share repurchases.
- The company announced its 60th consecutive quarterly dividend and reaffirmed its 2025 guidance of approximately $800 million.
- Management noted a market slowdown beginning in Q2 last year, leading to increased distributor inventory, but anticipates production levels and order intake to normalize by mid-Q1 of next year.
- Strategic priorities include cost reduction initiatives, European growth, and exploring military contracts and M&A opportunities, particularly in the fragmented European market.
Nov 19, 2025, 2:35 PM
Miller Industries Reports Q3 2025 Results, Reaffirms 2025 Guidance, and Discusses Market Outlook
MLR
Guidance Update
Demand Weakening
New Projects/Investments
- Miller Industries reported Q3 revenue of $178.7 million and net income of $3.1 million, returning $3.5 million to shareholders, and reaffirmed its 2025 guidance of approximately $800 million.
- The market has seen a slowdown since Q2 last year, leading to elevated distributor inventory, but Miller Industries expects normalization of production and order intake by mid-Q1 next year after adjusting its production rates.
- The company is pursuing European market expansion, including an 8 million euro project at its GJ facility , and notes the military market is "extremely strong today", with a Canadian military contract for 2027-2028 production. They also completed a vertical integration M&A in 2022 by acquiring SHC Southern Hydraulic Cylinders.
- As the world's largest manufacturer of towing and recovery equipment, Miller Industries operates globally with 1,500 employees and has a history of shareholder returns, including its 60th consecutive quarterly dividend.
- A $2.6 million voluntary retirement package for US employees over 65 will result in a $1.7 million expense in Q4 2025, with $900,000 already recognized in Q3 2025.
Nov 19, 2025, 2:35 PM
Miller Industries Provides Business Update and Outlook at Southwest IDEAS Conference
MLR
Guidance Update
New Projects/Investments
Demand Weakening
- Miller Industries (MLR) reported Q3 2025 revenue of $178.7 million and net income of $3.1 million, returning $3.5 million to shareholders through dividends and share repurchases, and announced its 60th consecutive quarterly dividend.
- The company is managing a slowdown in retail activity by reducing distributor inventory, expecting production and order intake to normalize with current retail activity by mid-Q1 2026, and reaffirmed its 2025 guidance of approximately $800 million.
- Strategic initiatives include an €8 million expansion project at its French facility and a focus on the strong military market, which has seen an explosion of RFQ activity and typically offers higher-margin products.
- A $2.6 million one-time voluntary retirement expense for US employees over 65 was noted, with $0.9 million recognized in Q3 and $1.7 million expected in Q4.
Nov 19, 2025, 2:35 PM
Miller Industries Reports Q3 2025 Results Amidst Demand Headwinds
MLR
Earnings
Demand Weakening
Guidance Update
- Miller Industries reported Q3 2025 net sales of $178.7 million, a 43.1% year-over-year decrease, and net income of $3.1 million, or $0.27 per diluted share, primarily due to industry-wide demand headwinds and a drop in chassis shipments.
- The company took proactive steps to address the challenging environment, including prudently decreasing production, right-sizing costs, and a headcount reduction of approximately 150 positions.
- Balance sheet improvements include an increased cash balance of $38.4 million and a $10 million reduction in debt during Q3 2025, with a further $10 million reduction post-quarter, bringing the current debt balance to $35 million.
- Management reaffirmed its FY 2025 revenue guidance in the range of $750 million-$800 million and expressed confidence for a strong 2026, driven by normalizing field inventory and strong interest in its global military business. The company also returned capital to shareholders through dividends and $1.2 million in stock repurchases during Q3.
Nov 6, 2025, 3:00 PM
Miller Industries Reports Q3 2025 Financial Results and Reaffirms 2025 Guidance
MLR
Earnings
Guidance Update
Demand Weakening
- Miller Industries reported Q3 2025 revenue of $178.7 million, a 43.1% decrease year-over-year, with net income of $3.1 million and diluted EPS of $0.27, both down 80.0% year-over-year.
- The company reaffirmed its 2025 revenue guidance in the range of $750 million to $800 million and returned $3.5 million in cash to shareholders during the quarter.
Nov 6, 2025, 3:00 PM
Miller Industries Reports Q3 2025 Financial Results
MLR
Earnings
Guidance Update
Dividends
- Miller Industries reported net sales of $178.7 million for the third quarter of 2025, marking a 43.1% decrease compared to $314.3 million in the third quarter of 2024, primarily driven by a decline in chassis shipments.
- Net income for Q3 2025 was $3.1 million, or $0.27 per diluted share, an 80.0% decrease from $15.4 million, or $1.33 per diluted share, in the prior year period.
- The company declared a quarterly cash dividend of $0.20 per share and returned approximately $3.5 million to shareholders during the quarter, which included $1.2 million in share repurchases.
- Miller Industries reduced its debt balance by $10 million during the third quarter of 2025, with an additional $10 million reduction in October.
- The company reaffirmed its previously issued revenue guidance of $750 million to $800 million for the 2025 fiscal year.
Nov 5, 2025, 9:30 PM
Miller Industries Reports Record 2024 and Adjusts 2025 Guidance
MLR
Guidance Update
Layoffs
Demand Weakening
- Miller Industries achieved a record year in 2024 with $1.26 billion in revenue and $5.47 EPS. However, for 2025, the company has adjusted its estimated revenue guidance down to $750 million to $800 million and suspended EPS guidance due to distributor inventory buildup and reduced retail activity.
- To address current market conditions, the company is implementing cost reduction initiatives, including its first layoff in 16 years, and expects distributor inventory levels to return to historical averages by late Q4 2025 or early Q1 2026.
- Strategic growth areas include securing global military contracts, such as the Canadian military contract for 85 heavy-duty recovery units with production starting in 2027-2028, and expanding its market share in the rental equipment sector.
- The company continues to prioritize capital allocation through quarterly dividends, debt reduction, share repurchases, innovation, and capacity expansion.
Aug 27, 2025, 4:05 PM
Miller Industries reports 2024 results and outlines growth strategy
MLR
Revenue Acceleration/Inflection
Dividends
Share Buyback
- Miller Industries is the world leader in towing and recovery equipment with operations in Tennessee, Pennsylvania, England, and France and approximately 1,700 employees.
- For 2024, revenues increased 9% to $1.26 B, with net income of $63.5 M ($5.47 EPS) and ROE of 16.9%; Q1 2025 revenues were $225.7 M with net income of $8.1 M ($0.69 EPS).
- The company is managing headwinds from a 50% steel tariff on SSAB Strenex imports and CARB zero-emission vehicle mandates, currently subject to legal challenges.
- Capital allocation priorities include maintaining the quarterly dividend, reducing debt, $20 M remaining on a $25 M share repurchase program, and investing in a €8 M French facility expansion and potential $70 M Tennessee project.
- Growth initiatives focus on global military recovery vehicle upgrades, consolidating and expanding in Europe’s fragmented market, and increasing penetration in the rental and salvage segments.
Jun 12, 2025, 3:56 PM
Quarterly earnings call transcripts for MILLER INDUSTRIES INC /TN/.
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