Miller Industries Q1 net sales $349.9M (+23.9% YoY); diluted EPS $1.47 vs $0.81

MILLER INDUSTRIES INC /TN/

2024-Q1 EPS reported $1.47 revenue$349,871,000

Net sales $349.9M, up 23.9% YoY; gross margin improved to 12.6% from 10.8%.
Diluted EPS $1.47 vs $0.81; net income $17.0M, up 84.6% from $9.2M.
Quarterly dividend $0.19/share payable June 10, 2024, to holders of record June 3.
$25M share repurchase program authorized in April 2024; $0.19 dividend is 54th consecutive quarterly payout.
CEO cites strong demand, supply chain improvements; expects high single-digit growth for FY 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MILLER INDUSTRIES INC /TN/ reported first quarter ended March 31, 2024 results: revenue $349.9 million, net income $17.0 million, EPS $1.47 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $349.9 million
Net income: $17.0 million
EPS: $1.47 per diluted share
Result: reported results

Exact text from the filing

(NYSE: MLR) (“Miller Industries” or the "Company") today announced financial results for the first quarter ended March 31, 2024. For the first quarter of 2024, net sales were $349.9 million, an increase of 23.9%, compared to $282.3 million for the first quarter of 2023. The year over year growth was predominantly due to increased production volume as a result of

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Source: SEC EDGAR

accession 0001558370-24-007359

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