secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001558370-23-014185
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries posts record Q2 revenue of $300.3M, EPS surges 291% to $1.29
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- Net sales $300.3M (+49% YoY); net income $14.9M ($1.29 diluted EPS) vs $3.8M ($0.33) prior year.
- Gross margin expanded to 13.3% from 9.1%; SG&A up to $19.5M partly on executive comp and legal fees.
- Board declares $0.18/share dividend payable Sept 11, 2023; 51st consecutive quarterly dividend.
- CEO confirms FY 2023 revenue target >$1B with significant profit improvement; backlog near record.
- Closed May 2023 acquisition of Southern Hydraulic Cylinder for supply chain vertical integration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837023014185/0001558370-23-014185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837023014185/mlr-20230809x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014185

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