Q4 2024, Miller Industries reported disappointing results, including lower revenue and earnings, leading to a 15% stock drop and a 30% YTD decline. Net income grew 9% YoY in 2024, but profitability is expected to decrease in 2025, with EPS guidance revised down from $6 to $3 per share. Miller's growth is driven by an increasing number of vehicles on the road, more breakdowns, and rising car crash rates, with demand likely to continue.
Miller Industries, Inc. (NYSE:MLR ) Q4 2024 Earnings Conference Call March 6, 2025 10:00 AM ET Company Participants Mike Gaudreau - FTI Consulting Will Miller - President and Chief Executive Officer Deborah Whitmire - Executive Vice President and Chief Financial Officer Conference Call Participants Linda Umwali - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the Miller Industries Fourth Quarter and Full Year 2024 Results Conference Call.
Does Miller Industries (MLR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Miller Industries (MLR) could produce exceptional returns because of its solid growth attributes.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Miller Industries (MLR) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Miller Industries, a leading global producer of towing and recovery equipment, has shown significant stock performance, with shares up 151.9% since my "buy" rating in March 2022. Despite strong revenue growth driven by increased OEM chassis deliveries and easing supply chain issues, net income dipped due to higher operational costs. The stock remains attractively priced compared to similar enterprises, offering potential upside even if financial performance reverts to 2023 levels.
Miller Industries, Inc. (NYSE:MLR ) Q3 2024 Earnings Conference Call November 13, 2024 10:00 AM ET Company Participants Mike Gaudreau - FTI Consulting Will Miller - President, CEO & Director Deborah Whitmire - EVP, CFO & Treasurer Conference Call Participants Mike Shlisky - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the Miller Industries Third Quarter 2024 Results Conference Call.
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.
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.