Miller Industries Q1 net sales $225.7M (-35.5% YoY), EPS $0.69 vs $1.47, declares $0.20 dividend

MILLER INDUSTRIES INC /TN/

2025-Q1 EPS reported $0.69 revenue$225,651,000

Net sales $225.7M vs $349.9M YoY, down 35.5% on lower chassis shipments.
Net income $8.1M ($0.69 diluted EPS) vs $17.0M ($1.47) YoY, down 52.6%.
Gross margin improved to 15.0% from 12.6% on favorable product mix shift to bodies.
Board declares quarterly cash dividend $0.20/share, payable June 9, 2025 to holders of record June 2, 2025.
Company repurchased $2.1M in shares during Q1; $20M remains under authorization.

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