Miller Industries Q3 net sales up 33.6% to $274.6M; EPS $1.52 vs $0.46 YoY

MILLER INDUSTRIES INC /TN/

2023-Q3 EPS reported $3.62 revenue$857,108,000

Net sales $274.6M (+33.6% YoY); gross margin 15.6% vs 11.3% prior year.
Net income $17.5M ($1.52 diluted EPS), up 233.7% from $5.2M ($0.46) in Q3 2022.
Board declares $0.18/share quarterly dividend payable Dec 11, 2023 to holders of record Dec 4; 52nd consecutive quarter.
CEO notes strong demand across all geographies; backlog remains above historical levels despite sales growth.
Company targets over $1B annual revenue in 2023, already surpassed prior full-year records in first nine months.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MILLER INDUSTRIES INC /TN/ reported third quarter ended September 30, 2023 results: revenue $274.6 million, net income $17.5 million, EPS $1.52 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $274.6 million
Net income: $17.5 million
EPS: $1.52 per diluted share
Result: reported results

Exact text from the filing

Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the third quarter ended September 30, 2023. For the third quarter of 2023, net sales were $274.6 million, an increase of 33.6%, compared to $205.6 million for the third quarter of 2022. The year over year improvement was predominantly due to execution against the Company’s strategic

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Source: SEC EDGAR

accession 0001558370-23-018262

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