Miller Industries Q3 revenue up 14.5% to $314.3M; EPS falls to $1.33 from $1.52

MILLER INDUSTRIES INC /TN/

2024-Q3 EPS reported $4.57 revenue$1,035,593,000

Net sales $314.3M (+14.5% YoY) driven by normalized OEM chassis deliveries; hurricane Helene had low single-digit million revenue impact.
Gross profit $42.0M (13.4% margin) down from 15.6% a year ago due to higher mix of lower-margin chassis shipments.
Net income $15.4M ($1.33 diluted EPS) vs $17.5M ($1.52) in Q3 2023; SG&A rose to $22.3M on higher comp and training costs.
Declared $0.19/share quarterly dividend payable Dec 9 to holders of record Dec 2; YTD repurchased 45k shares for $2.9M.
CEO expects low double-digit revenue growth and meaningful profitability improvement for full-year 2024; order entry down due to timing and political uncertainty.

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