Miller Industries Q2 net sales up 40.9% to $181.2M; EPS $0.57 vs $0.51 YoY

MILLER INDUSTRIES INC /TN/

2022-Q2 EPS reported $0.85 revenue$351,070,000

Net income of $6.5M ($0.57 EPS) vs $5.8M ($0.51) in Q2 2020, up 11.8%.
Gross profit margin fell to 11.4% from 13.8% due to supply chain disruptions.
Six-month net income $9.7M ($0.85) vs $11.3M ($0.99), down 13.9%.
Board declared $0.18 quarterly dividend, payable Sept 13, 2021; 43rd consecutive quarter.
CEO cited strong demand and backlog, but headwinds from supply chain and labor shortages.

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