Miller Industries Q4 EPS $0.24 vs $1.05 last year; revenue up 13%

MILLER INDUSTRIES INC /TN/

Net sales Q4 2021 $201.7M (+13.1% vs $178.3M); full year $717.5M (+10.2%).
Net income Q4 2021 $2.7M ($0.24/sh) vs $12.0M ($1.05/sh), down 77.4%.
Full year net income $16.3M ($1.42/sh) vs $29.8M ($2.62/sh), down 45.5%.
Declares $0.18 dividend payable Mar 28 to holders of record Mar 21; 45th consecutive quarter.
CEO cites supply chain challenges, inflation, and Russia-Ukraine conflict impacting raw materials and pricing.

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