earnings
confidence high
sentiment neutral
materiality 0.65
Miller Industries Q2 revenue up 12.1% to $240M; EPS $0.63 down 13.7% YoY; reaffirms FY guidance
MILLER INDUSTRIES INC /TN/
- Revenue $240M (+12.1% YoY); net income $7.3M (-14.1%); diluted EPS $0.63 (-13.7%).
- Gross margin 15.0% (down 120 bps); SG&A $25.2M (+7.6%).
- Reduced debt by $20M; no outstanding credit facility balance; returned $4.9M to shareholders via dividends and buybacks.
- Board approved $0.21 quarterly dividend payable Sept 15, 2026 to holders of record Sept 8.
- Reaffirmed FY2026 revenue guidance $850M-$900M; expects EPS in line with FY2025; gross margins mid-13%.