
Miller Industries, Inc.
NYSE•MLR
CEO: Mr. William G. Miller
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 1994-08-02
Miller Industries, Inc., together with its subsidiaries, manufactures and sells 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, which 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 similar operations. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. Miller Industries, Inc. sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was incorporated in 1990 and is headquartered in Ooltewah, Tennessee.
Contact Information
Market Cap
$458.97M
P/E (TTM)
15.2
30.1
Dividend Yield
2.0%
52W High
$70.06
52W Low
$33.81
52W Range
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$178.67M-43.15%
4-Quarter Trend
EPS
$0.27-80.00%
4-Quarter Trend
FCF
$18.11M-24.57%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Gross Margin Expansion Gross margin expanded 14.5% to 15.2% for nine months, driven by favorable product mix shift away from chassis deliveries.
Strong Operating Cash Flow Operating cash flow provided $49.9M, a 74.4% increase, reflecting strong working capital management during sales decline.
Sales Volume Reduction Net sales fell 40.3% to $618.4M for nine months due to production cuts mitigating distribution channel inventory buildup.
Credit Facility Paydown Outstanding credit facility borrowings reduced by $20.0M to $45.0M as of September 30, 2025 period end.
Risk Factors
Demand Headwinds Persist Demand headwinds noted from reduced retail sales and lower order intake due to high equipment ownership costs.
Tariff and Trade Uncertainty Uncertainty remains regarding new or increased U.S. tariffs impacting costs for component parts and raw materials.
SG&A Cost Pressure SG&A expenses as percentage of sales increased to 11.0% (9M 2025) from 6.4% (2024) due to compensation.
Distributor Inventory Levels Distributors are working through high inventory levels stemming from inconsistent supplier delivery schedules experienced throughout 2024.
Outlook
Inventory Normalization Expected Expect inventory levels to normalize as manufactured equipment and chassis deliveries align during the remainder of 2025.
Workforce Cost Reduction Implemented workforce reduction of approximately 150 positions across three U.S. facilities as part of cost savings plan.
France Expansion Authorized Board authorized $9.1M expansion in France; construction expected to commence in the first quarter of fiscal 2026.
Shareholder Dividend Maintained Declared $0.20 quarterly dividend payable December 2025, signaling continued commitment to shareholder capital return.
Peer Comparison
Revenue (TTM)
$2.73B
CAL$2.70B
PSNY$2.55B
Gross Margin (Latest Quarter)
CAL41.8%
38.0%
35.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PSNY | $1.39B | -0.6 | 59.8% | 155.0% |
| MNRO | $622.70M | -32.7 | -3.1% | 31.6% |
| CPS | $582.20M | 18.0 | -29.7% | 61.6% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.0%
Growth Under Pressure
4Q Net Income CAGR
-33.6%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Mar 4, 2026
EPS:$0.03
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $178.67M-43.1%|EPS: $0.27-80.0%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $214.03M-42.4%|EPS: $0.74-58.7%MeetForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 7, 2025|Revenue: $225.65M-35.5%|EPS: $0.70-53.0%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 5, 2025|Revenue: $1.26B+9.0%|EPS: $5.55+8.8%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 12, 2024|Revenue: $314.27M+14.5%|EPS: $1.35-11.8%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 7, 2024|Revenue: $371.45M+23.7%|EPS: $1.79+37.7%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 8, 2024|Revenue: $349.87M+23.9%|EPS: $1.49+84.0%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 6, 2024|Revenue: $1.15B+35.9%|EPS: $5.10+186.5%Beat