secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001558370-23-007877
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries Q1 net sales up 31% to $282.3M; EPS $0.81 vs $0.18 YoY
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- Net income of $9.2M ($0.81 diluted EPS) vs $2.1M ($0.18) in Q1 2022, a 346.5% increase.
- Gross margin improved to 10.8% from 7.1%; SG&A included $1.1M non-recurring legal fees.
- Quarterly dividend declared at $0.18/share, payable June 12 to holders of record June 5.
- CEO targets $1B revenue in 2023; backlog strong with no customer cancellations year-to-date.
- Board added four independent directors as part of governance refresh during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837023007877/0001558370-23-007877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837023007877/mlr-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007877

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