earnings
confidence high
sentiment positive
materiality 0.75
Miller Industries reports preliminary Q4 net sales up ~30% YoY; FY2023 record revenue ~$1.15B
MILLER INDUSTRIES INC /TN/
2023-FY EPS reported
$5.07
revenue$1,153,354,000
- Q4 net sales $290M-$296M, up 29.7% YoY; gross profit $37.5M-$38.5M, up 48.9% YoY.
- Full-year net sales $1.147B-$1.153B, up 35.5% YoY; pre-tax income $73M-$74M, up 185.6% YoY.
- Backlog remains near record levels exceeding $1.0B; order trends remain strong.
- Management expects continued topline growth in FY2024 based on current market conditions.