Group 1 - Miller Industries, Inc. will present at the Southwest IDEAS Investor Conference on November 20, 2024, at 10:45 AM CT [1] - The presentation will be accessible via webcast on the conference host's website and Miller Industries' investor relations section [1] - Miller Industries is recognized as the world's largest manufacturer of towing and recovery equipment, with a portfolio of well-known brands [4] Group 2 - The IDEAS Investor Conferences aim to provide independent venues for quality companies to present to investment professionals, distinguishing themselves from traditional bank-sponsored events [2] - Conference sponsors manage over $200 billion in assets, including various investment management firms [2] - The conferences are produced annually by Three Part Advisors, LLC, with additional information available on their website [3]

Group 1 - Miller Industries, Inc. announced that CEO William Miller II and CFO Deborah Whitmire will hold one-on-one meetings with investors at the Raymond James Sonoma Small Cap Summit on November 18th in Sonoma, CA [1] - Miller Industries is recognized as the world's largest manufacturer of towing and recovery equipment, marketing its products under several well-known brands [2]

Financial Data and Key Metrics Changes - In Q3 2024, the company generated revenues of $314.3 million, a 14.5% year-over-year increase driven by elevated OEM chassis deliveries [9][14] - Gross profit for Q3 2024 was $42 million, a decrease of 2% compared to the prior year, with a gross margin of 13.4%, down 220 basis points year-over-year [10][16] - Net income for Q3 2024 was $15.4 million or $1.33 per diluted share, compared to $17.5 million or $1.52 per diluted share in Q3 2023 [20] Business Line Data and Key Metrics Changes - The international business, accounting for approximately 10% of total sales, showed continued demand and strong order intake, with potential growth in the military sector [12] - Cost of operations increased 17.5% to $272.2 million in Q3 2024, largely due to increased revenue levels [15] Market Data and Key Metrics Changes - The company experienced a slow order entry during the quarter, attributed to political uncertainty, but anticipates that backlog will return to historical levels in the next 1 to 2 quarters [27][28] Company Strategy and Development Direction - The company is focused on production capacity expansion and regularly analyzes future production needs to invest capital where it can generate the greatest shareholder returns [13] - The company remains committed to debt reduction and returning capital to shareholders through dividends and share repurchase programs [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving low double-digit growth for the full year 2024, in line with historical compounded annual growth rates [29] - The company noted that while challenges were faced in the quarter, core demand drivers remain solid, and distributor retail deliveries have remained steady compared to last year [27] Other Important Information - Cash and cash equivalents as of September 30, 2024, were $40.6 million, up from $23.8 million as of June 30, 2024 [20] - The company has repurchased 45,000 shares representing $2.9 million of the $25 million repurchase program authorized in April [25] Q&A Session Summary Question: Post-election order flow and dealer throughput assistance - Management noted that post-election sentiment in the industry has increased significantly, with multiple deals being completed that were previously on hold [32][33] - The company is providing appropriate inventory to help distributors finish builds and deliver to customers [34] Question: Gross margin outlook for next year - Management anticipates that gross margins will remain in the low mid-13s range moving into next year, with no expected issues continuing the margins [38] Question: SG&A expense management - Management is looking at cost control but noted that new compliance regulations are adding costs that are out of their control, making it challenging to reduce SG&A below the target of 6.5% [39]

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.For the third quarter of 2024, net sales were $314.3 million, an increase of 14.5%, compared to $274.6 million for the third quarter of 2023. The year over year improvement was predominantly due to increases in original equipment manufacturer ("OEM") chassis deliveries after a normalization of the chassis market, compared to th ...

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. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet:Wednesday, November 13, 202410:00 AM ET9:00 AM CT8:00 AM MT7:00 AM PTListeners can access the conference call live over the ...

CHATTANOOGA, Tenn., Nov. 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Third Quarter ended September 30, 2024, on Wednesday, November 13, 2024, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet:Thursday, November 14, 202410:00 AM ET9:00 AM CT8:00 AM MT7:00 AM PTListeners can access the conference call live over the Internet at:https://app.webinar.net/XBb45Go5Oy7Please ...

Shares of Miller Industries Inc (MLR, Financial) surged 4.60% in mid-day trading on Oct 2. The stock reached an intraday high of $63.90, before settling at $62.62, up from its previous close of $59.86. This places MLR 10.23% below its 52-week high of $69.75 and 79.10% above its 52-week low of $34.96. Trading volume was 91,071 shares, 100.1% of the average daily volume of 90,951. Wall Street Analysts Forecast Based on the one-year price targets offered by 2 analysts, the average target price for Miller Indus ...

Shares of Miller Industries Inc MLR have risen almost 48% year to date. The company has been added to the STAMPEDE list due to the ongoing activism campaign, according to DA Davidson. Analyst Michael Shlisky initiated coverage of Miller Industries with a Buy rating and price target of $82. The Miller Industries Thesis: The activist has asked Miller Industries to consider several changes to its board and business practices as well as deliberate on an outright sale of the company, Shlisky said in the initiati ...

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. Davidson Diversified Industrials & Services Conference on Thursday September 19, 2024, in Nashville, TN. About Miller Industries Miller Industries is The World's Largest Manufacturer of Tow ...

kozmoat98 One company that continues to surprise me is Miller Industries (NYSE:MLR). If you're not familiar with the company, it's worth mentioning that it is a major manufacturer of towing and recovery equipment. Well, back in early May of this year, I wrote a bullish article about the company. In that article, I lauded the company for the fact that management had achieved success in stabilizing operations. This stabilization, combined with house shares were priced at the time, led me to reaffirm it as a ' ...