Miller Industries Q1 net income drops 93% to $555k; revenue down 20%; reaffirms FY 2026 guidance

MILLER INDUSTRIES INC /TN/

2026-Q1 EPS reported $0.05 revenue$180,863,000

Revenue $180.9M (-19.8% YoY); diluted EPS $0.05 vs $0.69; net income $555k (-93.1%).
Non-cash Omars acquisition costs reduced EPS by ~$0.13; expects half of total 2026 impact in Q1.
Reaffirms FY 2026 revenue guidance $850M-$900M; EPS seen generally in line with FY 2025.
Board declares $0.21 quarterly dividend (62nd consecutive); $2.2M in share repurchases in Q1.
Geopolitical tensions pressuring H1 demand; production paused; 3% price increase effective July 31, 2026.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MILLER INDUSTRIES INC /TN/ reported first quarter ended March 31, 2026 results: revenue $180.9 million, net income $555 thousand, EPS $0.05 per share.

Period: first quarter ended March 31, 2026
Revenue: $180.9 million
Net income: $555 thousand
EPS: $0.05 per share
Result: reported results

Exact text from the filing

financial results for the first quarter ended March 31, 2026, and provided updates on its global strategic initiatives. Q1 2026 Financial Results vs. Q1 2025 · Revenue: $180.9 million, a 19.8% decrease from $225.7 million · Gross Profit: $25.7 million, a 24.3% decrease from $33.9 million · Gross Margin: 14.2%, an 80 basis-point decrease from 15.0% · SG&A

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Source: SEC EDGAR

accession 0001104659-26-056286

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