Miller Industries (NYSE:MLR) Announces Earnings Results

by · The Markets Daily

Miller Industries (NYSE:MLR – Get Free Report) issued its earnings results on Wednesday. The auto parts company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.27, FiscalAI reports. Miller Industries had a return on equity of 3.70% and a net margin of 2.08%.The business had revenue of $239.99 million during the quarter, compared to analysts’ expectations of $210.80 million.

Miller Industries Stock Performance

MLR traded up $4.18 on Thursday, reaching $55.01. The stock had a trading volume of 114,859 shares, compared to its average volume of 76,372. The company has a market cap of $626.89 million, a P/E ratio of 41.04 and a beta of 1.11. Miller Industries has a 12-month low of $33.81 and a 12-month high of $56.21. The business’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $46.64. The company has a current ratio of 2.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

Miller Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.5%. Miller Industries’s payout ratio is presently 67.74%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MLR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miller Industries in a research note on Wednesday, June 24th. DA Davidson increased their price target on shares of Miller Industries from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of Miller Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $50.00.

Get Our Latest Stock Analysis on MLR

Institutional Investors Weigh In On Miller Industries

A number of large investors have recently made changes to their positions in MLR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Miller Industries by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,624 shares of the auto parts company’s stock valued at $281,000 after buying an additional 312 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Miller Industries by 66.5% in the second quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 329 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Miller Industries by 7.5% in the 4th quarter. Osaic Holdings Inc. now owns 7,977 shares of the auto parts company’s stock valued at $298,000 after purchasing an additional 556 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Miller Industries by 13.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,637 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 768 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in Miller Industries by 0.7% during the fourth quarter. Invenomic Capital Management LP now owns 110,707 shares of the auto parts company’s stock worth $4,137,000 after buying an additional 807 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Miller Industries

Here are the key news stories impacting Miller Industries this week:

  • Positive Sentiment: Q2 revenue and EPS exceeded expectations. Miller Industries reported approximately $240 million in revenue, up 12.1% year over year and ahead of estimates near $211–$213 million. Adjusted diluted EPS of $0.63 surpassed consensus estimates of roughly $0.36–$0.37. Miller Industries Reports 2026 Second Quarter Results
  • Positive Sentiment: Management reaffirmed its full-year outlook. The company maintained 2026 revenue guidance of $850 million to $900 million, broadly consistent with the analyst consensus of $882.3 million, and expects quarterly revenue of about $250 million during the second half of the year. This suggests management expects production levels and demand to remain steady. Miller Industries Reaffirms Revenue Outlook
  • Positive Sentiment: Cash flow and balance-sheet trends improved. Operating cash flow increased 18.3% to $32.2 million, cash rose to $55.6 million, and total liabilities declined. The company also reduced debt by $20 million and approved a quarterly dividend of $0.21 per share, supporting shareholder returns. Miller Industries Quarterly Results
  • Neutral Sentiment: Momentum is strong, but valuation may limit further gains. MLR has reached a fresh 52-week high, indicating favorable market momentum. However, its elevated price-to-earnings ratio means investors may demand continued earnings growth. Miller Industries Hits Fresh High
  • Negative Sentiment: Profitability weakened year over year. Net income fell 14.1% to $7.3 million, while EPS declined 13.7%, despite the revenue beat. Gross profit grew only 3.9%, suggesting margin pressure remains a risk.

Miller Industries Company Profile

(Get Free Report)

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.

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