Miller Industries Q4 sales slump 25%; 2025 guidance revenue $950M-$1.0B, EPS $2.90-3.20

MILLER INDUSTRIES INC /TN/

Q4 net sales $221.9M (-25.1% YoY); net income $10.5M ($0.91 EPS) vs $16.7M ($1.45).
Full year 2024 net sales $1.26B (+9%); net income $63.5M ($5.47 EPS) vs $58.3M ($5.07).
Quarterly dividend $0.20/share payable March 24; record March 17; 57th consecutive quarter.
2025 guidance: revenue $950M-$1.0B; diluted EPS $2.90-$3.20, both down sharply from 2024.
Repurchased 49,500 shares for $2.9M under $25M buyback program initiated April 2024.

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