Miller Industries Q3 net sales up 24.8% to $205.6M; EPS $0.46 vs $0.34 YoY

MILLER INDUSTRIES INC /TN/

2022-Q3 EPS reported $0.97 revenue$622,602,000

Net sales $205.6M, +24.8% YoY; net income $5.2M ($0.46 diluted EPS), +36% YoY.
Gross profit $23.2M (11.3% of sales) vs $17.8M (10.8%) in Q3 2021.
Nine-month 2022 net sales $622.6M (+20.7%); net income $11.1M ($0.97 EPS), down 18.5%.
Declares $0.18 quarterly dividend, payable Dec 12, 2022 to holders of record Dec 5, 2022.
CEO cites pricing initiatives offsetting inflation; parts scarcity limiting deliveries.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MILLER INDUSTRIES INC /TN/ reported the third quarter ended September 30, 2022 results: revenue $205.6 million, net income $5.2 million, EPS $0.46 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $205.6 million
Net income: $5.2 million
EPS: $0.46 per diluted share
Result: reported results

Exact text from the filing

Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the third quarter ended September 30, 2022. For the third quarter of 2022, net sales were $205.6 million, an increase of 24.8%, compared to $164.7 million for the third quarter of 2021. Net income in the third quarter of 2022 was $5.2 million, or $0.46 per diluted share, compared to

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Source: SEC EDGAR

accession 0000924822-22-000048

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