Miller Industries Q4 net sales $296.2M (+31%), EPS $1.45 vs $0.81; raises dividend 5.6%

MILLER INDUSTRIES INC /TN/

Q4 net sales $296.2M (+31.2% YoY); net income $16.7M ($1.45 diluted EPS) vs $9.3M ($0.81).
Full year 2023 net sales $1.15B (+35.9%); net income $58.3M ($5.07 EPS) vs $20.3M ($1.78).
Quarterly dividend raised 5.6% to $0.19/share, payable March 25, 2024 to holders of record March 18.
Backlog near $1B; management expects working capital to revert to pre-COVID levels as % of revenue in 2024.
Paid down $5M of debt in Q1 2024; outlook for another record year on top and bottom line in 2024.

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 financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, Miller Industries, Inc. (the “Company”) issued a press release (the “Earnings Release”) announcing its financial results for the quarter ended December 31, 2023.

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MILLER INDUSTRIES INC /TN/ filing history →

Source: SEC EDGAR

accession 0001558370-24-002627

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