Miller Industries, Inc. (MLR) Market Cap
Miller Industries, Inc. has a market capitalization of $573.2M.
Price: $50.30
▲ 0.37 (0.74%)
Market Cap: 573.20M
NYSE · time unavailable
CEO: William G. Miller
Sector: Consumer Cyclical
Industry: Auto - Parts
IPO Date: 1994-08-02
Website: https://www.millerind.com
Miller Industries, Inc. (MLR) - Company Information
Market Cap: 573.20M|Sector: Consumer Cyclical
Company Profile
Miller Industries, Inc., alongside its affiliated companies, is a leading producer and vendor of specialized equipment for vehicle towing and recovery. Their diverse product lineup features heavy-duty wreckers, essential for the salvage and transport of disabled vehicles and machinery. They also manufacture advanced car carriers – flatbed trucks equipped with hydraulic tilt capabilities – designed for the efficient movement of both new and non-operational automobiles and other equipment. Additionally, the company supplies various transport trailers, which are utilized for relocating vehicles to auto auctions, car dealerships, leasing agencies, and similar applications. These products are distributed under well-known brands such as Century, Challenger, Holmes, Champion, Eagle, Titan, Jige, Boniface, Vulcan, and Chevron. Miller Industries' distribution network is extensive, operating through independent dealers across the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa. They also supply governmental entities through primary contractors. The corporation was founded in 1990 and maintains its principal operational base in Ooltewah, Tennessee.
Analyst Sentiment
From 2 Active Polls
1Y Forecast: $50.00
▼ -0.6% Potential Upside
Consensus Target Metrics
Low Bound
$44
Median
$50
High Bound
$56
Average
$50
Price & Moving Averages
🎯 Wall Street Analyst Intelligence Report
1-Year structural target targets, chart projections, and sentiment maps.
Consensus Trend Projection
Trailing closures vs. 12-month metrics map.
Analyst Vote Distribution
Aggregate institutional coverage sentiment weights.
📊 Historical Valuation Multiples
Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.
| Fiscal Quarter | TTM | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Trailing 12M | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
| Market Cap ($M) | 573 | 519 | 427 | 463 | 509 | 485 | 748 | 698 | 622 |
| Enterprise Value ($M) | 545 | 491 | 416 | 470 | 533 | 533 | 789 | 723 | 668 |
| Price to Earnings Ratio (P/E) | 36.99 | 227.75 | 31.14 | 37.43 | 15.02 | 15.13 | 17.76 | 11.30 | 7.58 |
| Price/Earnings-to-Growth Ratio (PEG) | — | 40.21 | — | — | — | 8.97 | — | — | 1.23 |
| Price to Sales Ratio (P/S) | 0.77 | 2.87 | 2.49 | 2.59 | 2.38 | 2.15 | 3.37 | 2.22 | 1.67 |
| Price to Book Ratio (P/B) | 1.37 | 1.24 | 1.01 | 1.10 | 1.22 | 1.19 | 1.86 | 1.77 | 1.64 |
| Price to Free Cash Flow Ratio (P/FCF) | 5.20 | 22.73 | 9.75 | 25.55 | 19.93 | -200.97 | -57.57 | 29.09 | -45.03 |
| Enterprise Value to Sales (EV/Sales) | — | 2.71 | 2.43 | 2.63 | 2.49 | 2.36 | 3.55 | 2.30 | 1.80 |
| Enterprise Value to EBITDA (EV/EBITDA) | 14.25 | 82.19 | 46.15 | 59.38 | 34.66 | 36.67 | 47.96 | 30.54 | 21.05 |
| Debt to Equity Ratio | -0.73 | 0.06 | 0.08 | 0.11 | 0.13 | 0.19 | 0.16 | 0.17 | 0.19 |
📰 Market News & Coverage
15 Stories AvailableReal-time institutional reporting and market updates for MLR.
MILLER INDUSTRIES TO ANNOUNCE SECOND QUARTER 2026 RESULTS ON WEDNESDAY AUGUST 5, 2026
CHATTANOOGA, Tenn., July 29, 2026 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Second Quarter ended June 30, 2026, on Wednesday, August 5, 2026, after market close.
Veeva Acquires Copli & Launches Falcon MLR for Faster Content Reviews
VEEV expands its AI push with Copli acquisition and Falcon MLR launch, aiming to speed life sciences content reviews and boost Commercial Cloud.
Veeva Acquires Copli, Launches Veeva Falcon MLR to Accelerate Content Review
Now Available, Veeva Falcon MLR Delivers Agentic MLR TM to Significantly Reduce Manual Effort and Shorten Review Cycles PLEASANTON, Calif. and COPENHAGEN, Denmark, June 23, 2026 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced it has acquired Copli, the pioneer in agentic medical, legal, and regulatory (MLR) solutions for the life sciences industry.
ERMA Systems Named to MM+M's 2026 Agency Partners Power List for AI Health Platforms
MIAMI--(BUSINESS WIRE)--ERMA Systems, the AI-powered Medical, Legal, and Regulatory (MLR) review platform built specifically for life sciences organizations, today announced its inclusion on the 2026 Agency Partners Power List published by MM+M, one of the healthcare industry's leading publications. The recognition highlights organizations shaping the future of healthcare commercialization and innovation. ERMA was recognized in the AI Health Platforms category for its transformative approach to.
MILLER INDUSTRIES TO PRESENT AND HOST 1X1 INVESTOR MEETINGS AT THE 16TH ANNUAL EAST COAST IDEAS INVESTOR CONFERENCE ON JUNE 10TH & 11TH IN NEW YORK, NY
CHATTANOOGA, Tenn., June 3, 2026 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that Chief Executive Officer, William Miller II, and Chief Financial Officer, Deborah Whitmire, will present at the East Coast IDEAS Investor Conference on Thursday June 11, 2026 at The Westin Times Square in New York, NY.
Miller Industries: Even With Growth On The Horizon, Conditions Justify Caution
Miller Industries remains rated 'hold' as its valuation aligns with fair value amid ongoing operational challenges. MLR's Q1 2026 saw a 19.8% revenue decline and sharp profit contraction due to weak demand and inventory buildup. Despite a strong balance sheet and a $100M facility expansion, near-term profitability and growth remain pressured by supply chain and macro headwinds.
Miller Industries Q1 Earnings Call Highlights
Miller Industries NYSE: MLR said first-quarter 2026 results reflected lower production levels put in place last year, while management pointed to improving order activity, a first full-quarter contribution from Omars and a growing military pipeline as drivers for the remainder of the year.
Miller Industries, Inc. (MLR) Q1 2026 Earnings Call Transcript
Miller Industries, Inc. (MLR) Q1 2026 Earnings Call Transcript
MILLER INDUSTRIES REPORTS 2026 FIRST QUARTER RESULTS
Sequential Revenue Growth Driven by Disciplined Production Increases Ooltewah Capacity Expansion on Track Strong Cash Flow Supports Capacity Expansion, Debt Reduction, and Shareholder Returns Board of Directors Approves Dividend of $0.21 per Share CHATTANOOGA, Tenn., May 6, 2026 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the first quarter ended March 31, 2026, and provided updates on its global strategic initiatives.
MILLER INDUSTRIES TO ANNOUNCE FIRST QUARTER 2026 RESULTS ON WEDNESDAY MAY 6, 2026
CHATTANOOGA, Tenn., April 29, 2026 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the First Quarter ended March 31, 2026, on Wednesday, May 6, 2026, after market close.
Miller Industries (NYSE:MLR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?
Shares of Miller Industries, Inc. (NYSE: MLR - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $40.80 and traded as high as $46.98. Miller Industries shares last traded at $45.75, with a volume of 139,897 shares. Analysts Set
Miller Industries Q4 Earnings Call Highlights
Miller Industries (NYSE: MLR) said it finished a challenging 2025 with fourth-quarter results "in line with our revised expectations," as the company intentionally reduced production to work down elevated distributor inventory across its North American network. On its fourth-quarter 2025 earnings call, management pointed to improving retail order activity late in the quarter, momentum continuing into
Citigroup Inc. Acquires 43,444 Shares of Miller Industries, Inc. $MLR
Citigroup Inc. grew its holdings in shares of Miller Industries, Inc. (NYSE: MLR) by 219.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,227 shares of the auto parts company's stock after purchasing an additional 43,444 shares during
Miller Industries (NYSE:MLR) Trading 7.3% Higher Following Strong Earnings
Shares of Miller Industries, Inc. (NYSE: MLR - Get Free Report) were up 7.3% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $48.94 and last traded at $48.26. Approximately 57,409 shares changed hands during mid-day trading, an increase of 13% from the average daily
Miller Industries: This Surprise Doesn't Change Things
Miller Industries reported weaker FY2025 revenue and profitability, though results beat analyst expectations and management guided to higher FY2026 revenue. MLR faces ongoing supply chain, inflation, and geopolitical headwinds, with 2025 revenue dropping to $790.3 million and net profit falling to $3.4 million in Q4. Management expects FY2026 sales of $850–$900 million, with gross margins returning to the mid-13% range, but margin compression is possible versus 2025.
Related Companies in Consumer Cyclical
ETHAN ALLEN INTERIORS INC (ETD)
Consumer Cyclical
$0.57B
Mkt Cap
OXFORD INDUSTRIES INC (OXM)
Consumer Cyclical
$0.57B
Mkt Cap
ENVELA CORP (ELA)
Consumer Cyclical
$0.56B
Mkt Cap
KURA SUSHI USA INC (KRUS)
Consumer Cyclical
$0.56B
Mkt Cap
CITI TRENDS INC (CTRN)
Consumer Cyclical
$0.56B
Mkt Cap
MOVADO GROUP INC (MOV)
Consumer Cyclical
$0.60B
Mkt Cap
📊 AI Financial Analysis
Powered by StockMarketInfo"Most recent quarter (2026-03-31): Revenue $180.9M, Net Income $0.56M, EPS $0.05. YoY Revenue rose ~-19.8% (down from $225.7M in 2025-03-31) and YoY Net Income fell ~-93.1% (from $8.07M). QoQ, Revenue increased ~5.6% (from $171.2M in 2025-12-31) but Net Income declined ~-83.7% (from $3.41M), indicating sharp profitability deterioration sequentially. Margins contracted over the last two quarters: gross margin was ~14.2% in 2026-03-31 vs ~15.5% in 2025-12-31 and ~15.0% in 2025-03-31. Operating margin fell to ~1.0% from ~3.2% in the prior quarter, and net margin slipped to ~0.3% from ~2.0% QoQ. Cash flow quality remains mixed: operating cash flow was $30.7M with free cash flow of $22.8M, but the Q1 earnings base was weak. Capital allocation included dividends of $2.39M and buybacks of $2.18M during the quarter. Balance sheet resilience appears stable: total assets were $585.6M and equity $417.3M (little change vs prior quarter). Net debt remains negative (net cash position improved to about -$28.0M). Shareholder returns are supported by positive price momentum (1y change +19.66%), though not above a 20% threshold."
Revenue Growth
QoQ Revenue +5.6% (171.2M -> 180.9M) but YoY Revenue down ~-19.8% (225.7M -> 180.9M), suggesting weakening annual demand.
Profitability
Net Income collapsed QoQ (-83.7%) and YoY (-93.1%). Net margin fell to ~0.3% from ~2.0% QoQ; gross margin also contracted (15.5% -> 14.2%).
Cash Flow Quality
Operating cash flow was strong in the quarter ($30.7M) and free cash flow was positive ($22.8M), supporting dividends/buybacks, despite earnings volatility.
Leverage & Balance Sheet
Balance sheet remains solid with stable equity (~$417M) and a net cash position (netDebt ~ -$28M). Total assets were steady QoQ (~$586M).
Shareholder Returns
Price momentum is positive (+19.66% 1y, +26.95% YTD) but below the >20% momentum cutoff. Dividends are modest (~0.46% yield) alongside buybacks.
Analyst Sentiment & Valuation
Earnings-based valuation looks highly elevated (P/E ~234x on weak Q1 earnings), consistent with deteriorating profitability. Price target consensus implies moderate upside (current $47.53 vs ~$48.5).
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Fundamentals Overview
MLR delivered Q1 2026 revenue of $180.9M (down 19.8% YoY) but grew 5.7% sequentially by accelerating production to rebuild toward retail/order demand after H2 2025 production reductions. Profitability was pressured by Omars-related noncash acquisition charges (~$0.13 EPS impact) and higher taxes from conservative Italian deductibility assumptions plus nondeductible comp. Management is responding to Middle East-driven diesel and uncertainty with disciplined production (paused North America ramp to protect distributor inventory). On costs, U.S. manufacturing inflation outpaced the prior April 2025 tariff surcharge, leading to a new 3% price increase effective August 1, 2026. Outlook remains constructive but weighted to H2: full-year revenue guidance of $850M–$900M and gross margin returning to mid-13% levels. Key swing factors are retail normalization after geopolitical settlement and ramp of defense-grade vehicle commitments (~$150M scheduled 2027 start; revenue mainly 2028–2029).
Growth Catalysts
- Sequential revenue growth of 5.7% driven by accelerating production to meet increasing retail activity and order intake earlier in the year
- Higher chassis sales over the past few weeks indicating underlying demand at the start of 2026 remains intact
- Military RFQ pipeline tailwind: over $150 million in military commitments with production scheduled to begin in 2027 and majority of revenue recognized in 2028-2029
- Production readiness focus for Ooltewah new 200,000-plus square foot manufacturing facility (site prep on schedule; construction targeted to begin by late summer 2026)
Business Development
- Omars acquisition (first full quarter contribution)
- EUR 8 million expansion at Jige in France on track for completion by mid-2027
- Ongoing global military RFQs with movement in positive directions during Q1 (no specific RFQs disclosed yet)
Financial Highlights
- Revenue: $180.9 million, down 19.8% YoY and in line with expectations; decline attributed to lower production levels in H2 2025 and offset by 5.7% sequential QoQ revenue growth from production acceleration
- Gross profit: $25.7 million or 14.2% of sales
- Diluted EPS: $0.05 per share
- Noncash Omars acquisition-related charges reduced results by ~ $0.13 per diluted share; expected to represent roughly half of total onetime acquisition-related expenses anticipated to be recognized over balance of 2026
- Higher consolidated taxes impacted EPS (conservative tax approach to Omars acquisition-related expenses and nondeductible executive compensation)
- SG&A higher in part due to Omars inclusion; Q&A: ~$600,000 of onetime acquisition-related costs in SG&A; remainder largely expected to be Omars run-rate
Capital Funding
- Cash balance: $53 million at quarter-end, up $8.3 million vs end of last year from faster receivables conversion
- Credit facility reduced by $10 million; total debt balance approximately $21 million at end of quarter
- Shareholder returns: $0.21 dividend per share; returned ~$4.6 million in Q1 via dividend plus share repurchases
- Share repurchases: $2.2 million executed in Q1; approximately $14 million remaining under current authorization
- Guidance for funding: management expects to fund majority of expansion organically through operating cash flow over coming years (no need for additional financing stated)
Strategy & Ops
- North America: proactively paused production increase at current levels late in the quarter to maintain balanced distributor inventory amid Middle East geopolitical uncertainty and higher diesel prices
- Pricing action: implemented additional 3% price increase on all manufactured products; effective August 1, 2026, all manufactured products will begin invoicing at updated pricing (orders invoiced on/after that date reflect new pricing regardless of order placement date)
- Automation/innovation and capacity expansion referenced as ongoing investments (no quantitative automation metrics provided)
Market Outlook
- Full-year 2026 revenue expected between $850 million and $900 million
- Full-year 2026 EPS expected to be generally in line with full-year 2025 results
- Production volumes/revenue increasingly weighted to second half of 2026 due to higher diesel prices and customers pushing orders
- Expectation to approach ~$250 million in quarterly revenue by the second half of the year
- Gross margin expected to return to historical levels in the mid-13% range for full-year 2026
- Q2 earnings expected to provide more specific information on military commitments and RFQs that may move forward
Risks & Headwinds
- Geopolitical tensions in the Middle East increased uncertainty and drove higher diesel prices, pressuring retail demand and causing customers to push orders
- Cost of manufacturing in the U.S. continued to rise; tariff-related surcharge from April 2025 was insufficient to offset continued cost increases, prompting additional 3% pricing
- EPS pressure from conservative tax treatment of Omars acquisition-related expenses and nondeductible executive compensation
Q&A: Analyst Interest
- Onetime acquisition items and SG&A run-rate: Management stated some Omars-related onetime charges were split between gross margin and SG&A, with about $600,000 in SG&A tied to acquisition costs. They said the rest is largely the existing run-rate once Omars is fully in the quarter, plus ongoing tax conservatism impacts.
- Military pipeline timing toward commitments: Management confirmed RFQ movement in positive directions during Q1 but declined to add any specific RFQ details yet. They emphasized that more disclosure is expected on the Q2 earnings call about which commitments are closer and which pipeline items may progress during the quarter.
- End-market demand durability for towing service/vehicle replacement: Management argued underlying replacement demand remains intact despite near-term uncertainty. They cited consumers delaying $100,000 to $1 million purchases due to diesel price volatility ($5 to $9/gallon) and geopolitical timing. They also noted tow fleet ages have inched upward, supporting replacement cycles.
Sentiment: MIXED
Note: This summary was synthesized by AI from the MLR Q1 2026 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.
📋 Official Regulatory 10-K / 10-Q SEC Filings
Direct authenticated documentation links to audited SEC database reports for MLR.