secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001558370-24-011384
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837024011384/0001558370-24-011384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837024011384/mlr-20240807x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011384

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