secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001558370-24-015336
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837024015336/0001558370-24-015336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837024015336/mlr-20241112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015336

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