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Miller Industries (MLR)
NYSE:MLR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
1.47Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -20.14%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Miller Industries reported a record year in 2024 with significant improvements in revenue and profit margins, bolstered by strong demand and strategic shareholder returns. However, significant revenue decline in Q4, supply chain volatility, and regulatory challenges present hurdles. Despite these issues, the company projects a positive outlook for the latter half of 2025 and beyond, supported by strong market demand and recent military contracts.Company Guidance
In the recent conference call discussing Miller Industries' performance and outlook, several key metrics were highlighted. For the fiscal year 2024, the company reported record net sales of $1.26 billion, up 9% from $1.15 billion in the prior year, and gross profit of $170.8 million, representing 13.6% of sales. Their net income for 2024 was $63.5 million, or $5.47 per diluted share, marking an increase of 8.9% from 2023. During the fourth quarter, they faced a 25.1% decrease in sales to $221.9 million due to a decline in chassis shipments. Despite this, gross profit for the quarter improved to $33.5 million, or 15.1% of sales. The company also returned $11.6 million to shareholders through dividends and share repurchases. Looking ahead, Miller Industries projects 2025 revenue between $950 million and $1 billion, with an EPS range of $2.90 to $3.20 per diluted share, while anticipating a more stable market and continued focus on working capital reduction and debt management.Record Revenue and Profit for 2024
Miller Industries achieved record revenue, gross profit, net income, and EPS for the fiscal year 2024. Net sales for the full year were $1.26 billion, a 9% increase from the previous year.
Improved Gross Margin
Gross profit for the full year improved to $170.8 million or 13.6% of sales, compared to $151.9 million or 13.2% of sales in 2023, driven by an improved product mix and supply chain improvements.
Return to Shareholders
In 2024, the company returned $11.6 million to shareholders through dividends and share repurchases and declared a $0.20 per share dividend for March 2025.
Military Contract Win
Miller Industries was selected to supply Rheinmetall Canada with military recovery vehicles, part of a $230 million contract, indicating potential future growth.
Strong Demand and Positive Outlook
Despite near-term challenges, there is strong ongoing demand for towing and recovery products, and the company expects improved performance in the second half of 2025 and beyond.
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MLR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $54.62 | $46.26 | -15.31% |
| Nov 12, 2024 | $76.09 | $68.16 | -10.42% |
| Aug 07, 2024 | $60.96 | $59.37 | -2.61% |
| May 08, 2024 | $54.47 | $57.12 | +4.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Miller Industries (MLR) report earnings?
Miller Industries (MLR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Miller Industries (MLR) earnings time?
Miller Industries (MLR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLR EPS forecast?
MLR EPS forecast for the fiscal quarter 2025 (Q1) is 0.63.
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