CHATTANOOGA, Tenn., Aug. 21, 2025 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that Chief Executive Officer, William Miller II, and Chief Financial Officer, Deborah Whitmire, will present at the Midwest IDEAS Investor Conference on Wednesday August 27, 2025 at The InterContinental in Chicago, IL. Miller Industries' presentation is scheduled to begin at 10:00 AM CT. The presentation is webcast and can be accessed throu ...

"This was an incredibly difficult decision, and we understand the impact it will have on our employees and their families," said William G. Miller II, CEO of the Company. "We are deeply grateful for the contributions of each individual who is leaving the Company. They have been instrumental in our success, and we wish them well in their future endeavors." Certain statements in this news release may be deemed to be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995 ...

CHATTANOOGA, Tenn., Aug. 6, 2025 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the second quarter ended June 30, 2025.For the second quarter of 2025, net sales were $214.0 million, a decrease of 42.4%, compared to $371.5 million for the second quarter of 2024. The decrease was driven primarily by a decline in product shipments, predominantly chassis, relative to the prior year period in which we saw significantly elevated cha ...

CHATTANOOGA, Tenn., July 30, 2025 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Second Quarter ended June 30, 2025, on Wednesday, August 6, 2025, after market close. The Company will host a conference call the following day that will be simultaneously broadcast live over the Internet: About Miller Industries Thursday, August 7, 2025 10:00 AM ET 9:00 AM CT 8:00 AM MT 7:00 AM PT Listeners can access the conference call live over the Internet at: https://app.webinar ...

Company Overview - Miller Industries, Inc. is recognized as the World's Largest Manufacturer of Towing and Recovery Equipment, offering products under various well-known brands such as Century®, Vulcan®, Chevron™, and others [4]. Upcoming Event - The CEO William Miller II and CFO Deborah Whitmire will present at the East Coast IDEAS Investor Conference on June 12, 2025, at The Westin Times Square in New York, NY, with the presentation scheduled to start at 10:00 AM ET [1]. - The presentation will be available via webcast on the conference host's website and the investor relations section of Miller Industries' website [1]. IDEAS Investor Conferences - IDEAS Investor Conferences aim to provide independent venues for quality companies to showcase their investment merits to investment professionals, distinguishing themselves from traditional bank-sponsored events [2]. - The conference sponsors manage over $200 billion in assets and include a variety of investment management firms [2].

Financial Performance - Net Sales for Q1 2025 were $225.7 million, a decrease of 35.5% compared to $349.9 million in Q1 2024, primarily due to a decline in chassis shipments [2] - Gross profit for Q1 2025 was $33.9 million, representing 15.0% of net sales, compared to $44.2 million or 12.6% of net sales in Q1 2024, with the increase in gross margin attributed to a shift in product mix [3] - Selling, general and administrative (SG&A) expenses rose to $23.3 million, or 10.3% of net sales, from $21.5 million or 6.2% of net sales in the prior year, driven by salary adjustments and increased employee benefit costs [4] - Net income for Q1 2025 was $8.1 million, or $0.69 per diluted share, down 52.6% from $17.0 million or $1.47 per diluted share in Q1 2024 [5] Strategic Initiatives - The company is focused on reducing field inventory and product lead times as the industry normalizes, positioning for future growth [6] - Approximately $2.1 million was executed in share repurchases during the quarter, alongside a quarterly cash dividend of $0.20 per share, marking the fifty-eighth consecutive quarter of dividend payments [5][6] - The company has implemented a tariff surcharge on new orders and additional price increases on accessories and parts to mitigate tariff-related uncertainties [6] Market Outlook - The company anticipates continued improvement in the second half of 2025, supported by strong activity in the global military market and a return to optimal channel inventory levels [6] - Despite ongoing tariff-related uncertainties, the company remains optimistic about the fundamentals in its end markets [6]