Miller Industries Q2 EPS $1.78 beats; revenue $371.5M +23.7% YoY; raises FY revenue guidance to low double-digit growth

MILLER INDUSTRIES INC /TN/

2024-Q2 EPS reported $3.26 revenue$721,322,000

Net sales $371.5M (+23.7% YoY); net income $20.5M ($1.78 diluted EPS) vs $14.9M ($1.29) YoY.
Gross margin improved to 13.8% from 13.3% YoY; SG&A as % of sales declined to 6.1%.
Declares quarterly cash dividend of $0.19/share, payable Sept 16, record Sept 9; 55th consecutive quarter.
Raises FY 2024 revenue growth outlook to low double-digits from prior high single-digit; cites strong demand and production.
Also announced $25M share repurchase program in April; CEO notes focus on cash conversion and capacity investments.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.