Profile
Sector:
Consumer CyclicalIndustry:
Auto PartsCountry:
United StatesIPO:
02 August 1994Website:
http://www.millerind.comNext earnings report:
08 November 2024Last dividends:
09 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:02:20 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
MLR Latest News
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.
Miller Industries is a leading manufacturer of tow trucks with a variety of brands. The company's revenue and earnings have rebounded since the pandemic. Despite low valuation ratios, MLR is financially disciplined and undervalued, making it a buy.
Miller Industries has seen some nice market-beating performance over an extended window of time. Recently, the company's revenue and profitability have surged, with net income growing from $14.9 million to $20.5 million in the second quarter. Despite the stock more than doubling since I rated it a 'buy' in March 2022, Miller Industries remains attractively priced and offers upside potential.
Miller Industries, Inc. (NYSE:MLR ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief Executive Officer Debbie Whitmire - Executive Vice President & Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the Miller Industries Second Quarter 2024 Results Conference Call.
Miller Industries' (MLR) Q2 EPS jumps 37.7% to $1.78, with revenues rising 23.7% to $371.5 million, driven by increased production and strong demand. Management raises full-year revenue growth expectations.
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.
Discover why Zacks rates Miller Industries with a "Neutral" recommendation, being the first on Wall Street to initiate coverage on the stock. Explore MLR's impressive growth, strategic acquisitions and innovative products balanced against competitive pressures and market uncertainties.
Miller Industries, Inc. (NYSE: MLR) plans to announce its First Quarter financial results for the period ending March 31, 2024, on May 8, 2024, after the close of the market.
The first quarter of 2024 is in the books, and it was a good one. The benchmark S&P 500 index rose 11% to start the year, its best start since 2019 — before anyone had heard of Covid-19.
When I initiated coverage of Miller Industries, I wrote that the market is ignoring the operating leverage story that will unfold due to the company's recent investments in manufacturing. These investments led to improved fulfillment of the company's backlog at high margins. Earnings have surpassed my expectations, but the stock has not moved. This lack of interest from the market is leaving investors with an opportunity to buy shares at a great price.
What type of business is Miller Industries?
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.
What sector is Miller Industries in?
Miller Industries is in the Consumer Cyclical sector
What industry is Miller Industries in?
Miller Industries is in the Auto Parts industry
What country is Miller Industries from?
Miller Industries is headquartered in United States
When did Miller Industries go public?
Miller Industries initial public offering (IPO) was on 02 August 1994
What is Miller Industries website?
https://www.millerind.com
Is Miller Industries in the S&P 500?
No, Miller Industries is not included in the S&P 500 index
Is Miller Industries in the NASDAQ 100?
No, Miller Industries is not included in the NASDAQ 100 index
Is Miller Industries in the Dow Jones?
No, Miller Industries is not included in the Dow Jones index
When was Miller Industries the previous earnings report?
No data
When does Miller Industries earnings report?
The next expected earnings date for Miller Industries is 08 November 2024