Miller Industries Q3 net income falls 41.3% to $3.8M (EPS $0.34); sales down 2.2%

MILLER INDUSTRIES INC /TN/

2022-Q3 EPS reported $1.19 revenue$515,785,000

Net sales $164.7M (-2.2% YoY); net income $3.8M (-41.3%), diluted EPS $0.34 vs $0.57.
Gross profit $17.8M (10.8% margin) flat YoY; SG&A rose to $12.0M (7.3% of sales) from $9.2M.
Nine-month sales $515.8M (+9.1%); net income $13.5M (-24.0%), EPS $1.19 vs $1.56.
Board declared $0.18 quarterly dividend, payable Dec 13 to holders of record Dec 6 (45th consecutive quarter).
Supply chain disruptions and inflationary pressures intensified; demand remains strong but timing of normalization uncertain.

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