secwatch.observer — SEC 8-K summary
======================================

Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001558370-24-002627
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837024002627/0001558370-24-002627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837024002627/mlr-20240306x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002627

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer