secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001104659-25-107048
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries Q3 net sales down 43% to $178.7M; EPS $0.27 vs $1.33
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- Net sales $178.7M (-43.1% YoY); net income $3.1M ($0.27 diluted EPS), down 80% from $15.4M ($1.33) in Q3 2024.
- Gross margin improved to 14.2% from 13.4%, driven by product mix shift away from chassis.
- Cost reduction steps include workforce reduction and enhanced retirement program ($0.9M expense in Q3, $2.7M total expected).
- Reaffirmed FY 2025 revenue guidance of $750-800M; reduced debt by $10M in Q3 and $10M in Oct; $1.2M in share repurchases.
- Board declared $0.20 quarterly dividend (sixtieth consecutive quarter), payable Dec 9 to holders of record Dec 2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000110465925107048/0001104659-25-107048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000110465925107048/mlr-20251105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-107048

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