secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001558370-25-010537
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries Q2 net sales down 42.4% YoY to $214M; EPS $0.73 vs $1.78; suspends EPS guidance
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- Net sales $214.0M (-42.4% YoY); net income $8.5M ($0.73 diluted EPS) vs $20.5M ($1.78) last year.
- Revenue guidance revised to $750-800M; EPS guidance suspended due to potential extraordinary costs and losses in H2.
- Gross margin improved to 16.2% from 13.8% driven by product mix shift to higher-margin bodies vs chassis.
- Quarterly dividend of $0.20/share declared (unchanged), payable Sept 15, record Sept 8; 59th consecutive quarter.
- CEO cites demand headwinds: retail sales down 20% QoQ, order intake down 30%, elevated channel inventory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837025010537/0001558370-25-010537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837025010537/mlr-20250806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-010537

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