logo
Twitter
Discord
Email
logo
Miller Industries, Inc.

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
8503 Hilltop Drive, Ooltewah, TN, 37363, United States
423-238-4171
www.millerind.com
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
17%
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)

Cooper-Standard Holdings Inc.CPS
$2.73B
-0.5%
Caleres, Inc.CAL
$2.70B
-2.8%
Polestar Automotive Holding UK PLCPSNY
$2.55B
+23.5%

Gross Margin (Latest Quarter)

Caleres, Inc.CAL
41.8%
-2.4pp
Dine Brands Global, Inc.DIN
38.0%
-9.9pp
Monro, Inc.MNRO
35.7%
+0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PSNY$1.39B-0.659.8%155.0%
MNRO$622.70M-32.7-3.1%31.6%
CPS$582.20M18.0-29.7%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%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $214.03M-42.4%
    |
    EPS: $0.74-58.7%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $225.65M-35.5%
    |
    EPS: $0.70-53.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 5, 2025|
    Revenue: $1.26B+9.0%
    |
    EPS: $5.55+8.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $314.27M+14.5%
    |
    EPS: $1.35-11.8%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $371.45M+23.7%
    |
    EPS: $1.79+37.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $349.87M+23.9%
    |
    EPS: $1.49+84.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 6, 2024|
    Revenue: $1.15B+35.9%
    |
    EPS: $5.10+186.5%
    Beat