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
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $82.00 | Buy | DA Davidson |
DA Davidson initiated coverage of Miller Industries with a rating of Buy and set a new price target of $82.00
CHATTANOOGA, Tenn., Nov. 12, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) (the "Company") today announced financial results for the third quarter ended September 30, 2024. For the third quarter of 2024, net sales were $314.3 million, an increase of 14.5%, compared to $274.6 million for the third quarter of 2023. The year over year improvement was predominantly due to increases in original equipment manufacturer ("OEM") chassis deliveries after a normalization of the chassis market, compared to the prior year period. The increase was partially offset by delays in delivery of finished goods related to Hurricane Helene, which had an immaterial impact on our quarterly revenues in the
CHATTANOOGA, Tenn., Nov. 11, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) has revised the date of its earnings announcement and intends to release its results for the Third Quarter ended September 30, 2024, on Tuesday, November 12, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Wednesday, November 13, 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/XBb45Go5Oy7 Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has ta
CHATTANOOGA, Tenn., Nov. 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) intends to release its results for the Third Quarter ended September 30, 2024, on Wednesday, November 13, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, November 14, 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/XBb45Go5Oy7 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
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%
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CHATTANOOGA, Tenn., Nov. 18, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that Chief Executive Officer, William Miller II, and Chief Financial Officer, Deborah Whitmire, will present at the Southwest IDEAS Investor Conference on Wednesday, November 20, 2024, at The Statler in Dallas, TX. Miller Industries' presentation is scheduled to begin at 10:45 AM CT. The presentation is webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/southwest and in the investor relations section of the company's website: www.millerind.com. About IDEAS Investor Confe
CHATTANOOGA, Tn., Nov. 18, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, announced today that Chief Executive Officer, William Miller II, and Chief Financial Officer, Deborah Whitmire will host one-on-one meetings with investors at the Raymond James Sonoma Small Cap Summit on November 18th in Sonoma, CA. 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®.
CHATTANOOGA, Tenn., Nov. 12, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) (the "Company") today announced financial results for the third quarter ended September 30, 2024. For the third quarter of 2024, net sales were $314.3 million, an increase of 14.5%, compared to $274.6 million for the third quarter of 2023. The year over year improvement was predominantly due to increases in original equipment manufacturer ("OEM") chassis deliveries after a normalization of the chassis market, compared to the prior year period. The increase was partially offset by delays in delivery of finished goods related to Hurricane Helene, which had an immaterial impact on our quarterly revenues in the
CHATTANOOGA, Tenn., Nov. 11, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) has revised the date of its earnings announcement and intends to release its results for the Third Quarter ended September 30, 2024, on Tuesday, November 12, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Wednesday, November 13, 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/XBb45Go5Oy7 Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. After the call has ta
CHATTANOOGA, Tenn., Nov. 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) intends to release its results for the Third Quarter ended September 30, 2024, on Wednesday, November 13, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: Thursday, November 14, 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/XBb45Go5Oy7 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
CHATTANOOGA, Tenn., Sept. 19, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, announced today that Chief Executive Officer, William Miller II, and Chief Financial Officer, Deborah Whitmire will host one-on-one meetings with investors at the D.A. Davidson Diversified Industrials & Services Conference on Thursday September 19, 2024, in Nashville, TN. About Miller IndustriesMiller 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®, J
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
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
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