secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000924822-22-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries Q2 net sales up 11% to $201.5M but net income drops 42% to $3.8M
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- Q2 diluted EPS $0.33 vs $0.57 in prior year; net income $3.8M, down 42.3%.
- Gross margin fell to 9.1% from 11.4% due to supply chain issues and unfavorable product mix.
- Board declared $0.18/share quarterly dividend, payable Sept 12, 2022 to Sept 5 record holders.
- CEO reports price increases improving profitability sequentially; backlog remains strong.
- Supply chain constraints limited finished goods deliveries and revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000092482222000035/0000924822-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000092482222000035/mlr-20220803x8k.htm
  HTML page:      https://secwatch.observer/filing/0000924822-22-000035

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