Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. The company was founded in 1990 and is based in Ooltewah, Tennessee.
IPO Year:
Exchange: NYSE
Website: millerind.com
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
4 - MILLER INDUSTRIES INC /TN/ (0000924822) (Issuer)
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
Company adds highly qualified, independent directors as part of refreshment process CHATTANOOGA, Tenn., March 10, 2023 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced that it has entered into an agreement with Lakeview Investment Group & Trading Company, LLC (collectively with its affiliates, "Lakeview") in connection with the addition of highly qualified and independent members to the Company's Board of Directors (the "Board"). As part of its previously initiated refreshment efforts, and in accordance with its agreement with Lakeview, the Company will appoint Javier Reyes, Jill Sutton, Peter Jackson and Susan Sweeney to the Board. I
CHATTANOOGA, Tenn., Aug. 7, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced financial results for the second quarter ended June 30, 2024. For the second quarter of 2024, net sales were $371.5 million, an increase of 23.7%, compared to $300.3 million for the second quarter of 2023. The year over year growth was predominantly due to consistent demand from customers, increased production volume and continued elevated OEM chassis deliveries in the quarter. We anticipate that chassis deliveries will normalize during the second half of the year. Gross profit for the second quarter of 2024 was $51.1 million, or 13.8% of net sales, comp
CHATTANOOGA, Tenn., July 31, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Second Quarter ended June 30, 2024, on Wednesday, August 7, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, August 8, 202410:00 AM ET9:00 AM CT8:00 AM MT7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar.net/B1LjNejVJ5M Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version can be accessed at this Web si
CHATTANOOGA, Tenn., May 8, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced financial results for the first quarter ended March 31, 2024. For the first quarter of 2024, net sales were $349.9 million, an increase of 23.9%, compared to $282.3 million for the first quarter of 2023. The year over year growth was predominantly due to increased production volume as a result of supply chain improvements and continued strong customer demand for the Company's products. Gross profit for the first quarter of 2024 was $44.2 million, or 12.6% of net sales, compared to $30.4 million, or 10.8% of net sales, for the first quarter of 2023. The in
CHATTANOOGA, Tenn., May 1, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the First Quarter ended March 31, 2024, on Wednesday, May 8, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, May 9, 202410:00 AM ET9:00 AM CT8:00 AM MT7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar.net/Kzka3mjLg4X Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version can be accessed at this Web site. Abou
CHATTANOOGA, Tenn., April 2, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced that its Board of Directors has authorized a $25.0 million share repurchase program. William G. Miller, II, Chief Executive Officer, commented, "In light of the Company's strong financial performance in 2023, we mentioned on our last earnings call that we were evaluating a number of capital allocation priorities in an effort to maximize shareholder value. We believe that our shareholders should share in the upside of our outperformance, and that is why we increased our quarterly dividend by 5.6% last quarter. As a next step in that process the Board has
Calls on the Board to Initiate a Review Process that Involves Comparing a Credible, Long-Term Plan to Strategic Alternatives, Including a Sale of the Business Highlights Operational and Strategic Issues Contributing to Miller's Lagging Operating Margins and Valuation Sees Opportunity for Miller to Deliver Substantially More Value for Shareholders by Implementing a Margin Improvement Plan or Selling to a Well-Capitalized Strategic Buyer Advisory Research, Inc., which owns approximately 3.25% of Miller Industries' (NYSE:MLR) ("Miller" or the "Company") outstanding shares, today sent the below letter to the Company's Board of Directors (the "Board"). *** March 21, 2024 Miller Indus
CHATTANOOGA, Tenn., March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter of 2023, net sales were $296.2 million, an increase of 31.2%, compared to $225.9 million for the fourth quarter of 2022. The year over year improvement was predominantly due to continued strong order trends and execution against the Company's near $1 billion backlog in the form of improved deliveries of finished goods to customers. Gross profit for the fourth quarter of 2023 was $38.6 million, or 13.0% of net sales, compared to $25.5 million, or 11.3%
CHATTANOOGA, Tenn., March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today declared that its Board of Directors approved a 5.6% increase in the Company's quarterly dividend to $0.19 per share. The dividend will be payable March 25, 2024, to shareholders of record at the close of business on March 18, 2024. This will mark the fifty-third consecutive quarter the Company has paid a dividend. About Miller Industries Miller Industries is The World's Largest Manufacturer of Towing and Recovery Equipment®, and markets its towing and recovery equipment under a number of well-re
CHATTANOOGA, Tenn., Feb. 28, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) intends to release its results for the Fourth Quarter and Full Year ended December 31, 2023, on Wednesday, March 6, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, March 7, 2024 10:00 AM ET 9:00 AM CT 8:00 AM MT 7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar.net/W380b5vPk1M Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version can be a
CHATTANOOGA, Tenn., Feb. 26, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today announced its Annual Meeting of Shareholders (the "Annual Meeting") will be held on June 21, 2024, at the Hilton Garden Inn Hotel, 879 College Drive, Dalton, Georgia 30720. About Miller Industries Miller Industries is The World's Largest Manufacturer of Towing and Recovery Equipment®, and markets its towing and recovery equipment under a number of well-recognized brands, including Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Titan® and Eagle®. IMPORTANT ADDITION
8-K - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
10-Q - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
8-K - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
8-K - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
SD - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
DEFA14A - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
10-Q - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
8-K - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
ARS - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
DEF 14A - MILLER INDUSTRIES INC /TN/ (0000924822) (Filer)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
SC 13G/A - MILLER INDUSTRIES INC /TN/ (0000924822) (Subject)
CHATTANOOGA, Tenn., Aug. 7, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced financial results for the second quarter ended June 30, 2024. For the second quarter of 2024, net sales were $371.5 million, an increase of 23.7%, compared to $300.3 million for the second quarter of 2023. The year over year growth was predominantly due to consistent demand from customers, increased production volume and continued elevated OEM chassis deliveries in the quarter. We anticipate that chassis deliveries will normalize during the second half of the year. Gross profit for the second quarter of 2024 was $51.1 million, or 13.8% of net sales, comp
CHATTANOOGA, Tenn., July 31, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Second Quarter ended June 30, 2024, on Wednesday, August 7, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, August 8, 202410:00 AM ET9:00 AM CT8:00 AM MT7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar.net/B1LjNejVJ5M Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version can be accessed at this Web si
CHATTANOOGA, Tenn., May 8, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced financial results for the first quarter ended March 31, 2024. For the first quarter of 2024, net sales were $349.9 million, an increase of 23.9%, compared to $282.3 million for the first quarter of 2023. The year over year growth was predominantly due to increased production volume as a result of supply chain improvements and continued strong customer demand for the Company's products. Gross profit for the first quarter of 2024 was $44.2 million, or 12.6% of net sales, compared to $30.4 million, or 10.8% of net sales, for the first quarter of 2023. The in
CHATTANOOGA, Tenn., May 1, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the First Quarter ended March 31, 2024, on Wednesday, May 8, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, May 9, 202410:00 AM ET9:00 AM CT8:00 AM MT7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar.net/Kzka3mjLg4X Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version can be accessed at this Web site. Abou
CHATTANOOGA, Tenn., April 2, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced that its Board of Directors has authorized a $25.0 million share repurchase program. William G. Miller, II, Chief Executive Officer, commented, "In light of the Company's strong financial performance in 2023, we mentioned on our last earnings call that we were evaluating a number of capital allocation priorities in an effort to maximize shareholder value. We believe that our shareholders should share in the upside of our outperformance, and that is why we increased our quarterly dividend by 5.6% last quarter. As a next step in that process the Board has
CHATTANOOGA, Tenn., March 21, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company"), the World's Largest Manufacturer of Towing and Recovery Equipment, today responded to a public statement issued by Advisory Research, a shareholder in Miller Industries, calling on the Miller Industries Board of Directors (the "Board") to form a special committee and conduct a strategic review process. Ted Ashford, Lead Independent Director commented, "Our Board routinely reviews our corporate strategy and is willing to discuss and challenge management's plans for value creation. At this time, the Board believes that the execution of our current plan and growth strat
Calls on the Board to Initiate a Review Process that Involves Comparing a Credible, Long-Term Plan to Strategic Alternatives, Including a Sale of the Business Highlights Operational and Strategic Issues Contributing to Miller's Lagging Operating Margins and Valuation Sees Opportunity for Miller to Deliver Substantially More Value for Shareholders by Implementing a Margin Improvement Plan or Selling to a Well-Capitalized Strategic Buyer Advisory Research, Inc., which owns approximately 3.25% of Miller Industries' (NYSE:MLR) ("Miller" or the "Company") outstanding shares, today sent the below letter to the Company's Board of Directors (the "Board"). *** March 21, 2024 Miller Indus
CHATTANOOGA, Tenn., March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter of 2023, net sales were $296.2 million, an increase of 31.2%, compared to $225.9 million for the fourth quarter of 2022. The year over year improvement was predominantly due to continued strong order trends and execution against the Company's near $1 billion backlog in the form of improved deliveries of finished goods to customers. Gross profit for the fourth quarter of 2023 was $38.6 million, or 13.0% of net sales, compared to $25.5 million, or 11.3%
CHATTANOOGA, Tenn., March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today declared that its Board of Directors approved a 5.6% increase in the Company's quarterly dividend to $0.19 per share. The dividend will be payable March 25, 2024, to shareholders of record at the close of business on March 18, 2024. This will mark the fifty-third consecutive quarter the Company has paid a dividend. About Miller Industries Miller Industries is The World's Largest Manufacturer of Towing and Recovery Equipment®, and markets its towing and recovery equipment under a number of well-re
CHATTANOOGA, Tenn., Feb. 28, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) intends to release its results for the Fourth Quarter and Full Year ended December 31, 2023, on Wednesday, March 6, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, March 7, 2024 10:00 AM ET 9:00 AM CT 8:00 AM MT 7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar.net/W380b5vPk1M Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has taken place, its archived version can be a
Miller Industries (NYSE:MLR) reported quarterly earnings of $1.47 per share. This is a 81.48 percent increase over earnings of $0.81 per share from the same period last year. The company reported $349.87 million in sales this quarter. This is a 23.95 percent increase over sales of $282.27 million the same period last year.
Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced that its Board of Directors has authorized a $25.0 million share repurchase program.William G. Miller, II, Chief Executive Officer, commented, "In light of the Company's strong financial performance in 2023, we mentioned on our last earnings call that we were evaluating a number of capital allocation priorities in an effort to maximize shareholder value. We believe that our shareholders should share in the upside of our outperformance, and that is why we increased our quarterly dividend by 5.6% last quarter. As a next step in that process the Board has announced a share repurchase program, which is inte
Thursday marks the last chance for investors to receive the next dividend payout from Miller Industries (NYSE:MLR). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 19 cents per share. On Friday, Miller Industries will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 19 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own MLR as of the end of Thursday's session are eligible to receive the 19 cents divid
Companies Reporting Before The Bell • CTS (NYSE:CTS) is estimated to report quarterly earnings at $0.14 per share on revenue of $708.85 million. • Foot Locker (NYSE:FL) is likely to report quarterly earnings at $0.32 per share on revenue of $2.28 billion. • JD.com (NASDAQ:JD) is likely to report quarterly earnings at $0.63 per share on revenue of $42.16 billion. • Super Group (SGHC) (NYSE:SGHC) is expected to report quarterly earnings at $0.01 per share on revenue of $326.63 million. • Sotherly Hotels (NASDAQ:SOHO) is projected to report earnings for its fourth quarter. • Thor Industries (NYSE:THO) is estimated to report quarterly earnings at $0.67 per share on revenue of $2.27 billion
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer cyclical sector: Jakks Pacific (NASDAQ:JAKK) - P/E: 3.78 Virco Mfg (NASDAQ:VIRC) - P/E: 6.86 Allison Transmission (NYSE:ALSN) - P/E: 8.69 Miller Industries (NYSE:MLR) - P/E: 9.07 Shoe Carnival (NASDAQ:SCVL) - P/E: 8.94 Mos
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the consumer cyclical sector: Good Times Restaurants (NASDAQ:GTIM) - P/E: 2.74 Miller Industries (NYSE:MLR) - P/E: 9.08 Shoe Carnival (NASDAQ:SCVL) - P/E: 8.96 Toll Brothers (NYSE:TOL) - P/E: 8.34 Solo Brands (NYSE:DTC) - P/E: 7.92 This quarter, Good Times Restaurants experienced a decrease in earnings per share, which was $0.07 in Q3 and is now