Miller Industries, Inc. (MLR) Market Cap
Miller Industries, Inc. has a market capitalization of $553.9M.
Price: $48.61
▼ -0.16 (-0.33%)
Market Cap: 553.94M
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: 553.94M|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
▲ +2.9% 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) | 554 | 519 | 427 | 463 | 509 | 485 | 748 | 698 | 622 |
| Enterprise Value ($M) | 526 | 491 | 416 | 470 | 533 | 533 | 789 | 723 | 668 |
| Price to Earnings Ratio (P/E) | 35.70 | 233.64 | 31.29 | 37.53 | 15.06 | 15.04 | 17.75 | 11.32 | 7.58 |
| Price/Earnings-to-Growth Ratio (PEG) | — | 41.25 | — | — | — | 8.91 | — | — | 1.23 |
| Price to Sales Ratio (P/S) | 0.74 | 2.87 | 2.49 | 2.59 | 2.38 | 2.15 | 3.37 | 2.22 | 1.67 |
| Price to Book Ratio (P/B) | 1.33 | 1.24 | 1.01 | 1.10 | 1.22 | 1.19 | 1.86 | 1.77 | 1.64 |
| Price to Free Cash Flow Ratio (P/FCF) | 5.02 | 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) | 15.45 | 280.72 | 46.15 | 59.38 | 34.66 | 36.67 | 47.96 | 30.54 | 21.05 |
| Debt to Equity Ratio | -0.82 | 0.06 | 0.08 | 0.11 | 0.13 | 0.19 | 0.16 | 0.17 | 0.19 |
⚡ MLR Growth Runway Model
Standard long term linear growth fadeMulti-Stage Discounted Cash Flow Sandbox
Growth runway slowdown
This value provides a time window for the growth rate to decline beyond Stage 1 toward the terminal rate. Longer windows are most useful for companies with high growth starting conditions or strong competitive advantages. This option stretches out the growth rate slowdown across 5, 10, or 15-year steps. A high-growth starting condition (exceeding a 25% initial growth rate) automatically applies a curve decay to simulate realistic, rapid market saturation.Terminal growth rate
With long-term inflation between 3-5%, revenue must grow by that baseline to maintain flat real-world market share. This value sets the permanent terminal growth rate to factor into the valuation beyond the growth slowdown runway toward maturity.3-Stage Financial Runway Horizon
🧠 Perpetuity Horizon Engine (Stage 3: Post-2035)
📘 Full Research Report
AI-Generated Research: This report is for informational purposes only.
📰 Market News & Coverage
15 Stories AvailableReal-time institutional reporting and market updates for MLR.
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.
Miller Industries, Inc. (MLR) Q4 2025 Earnings Call Transcript
Miller Industries, Inc. (MLR) Q4 2025 Earnings Call Transcript
MILLER INDUSTRIES REPORTS 2025 FOURTH QUARTER AND FULL YEAR RESULTS
Completed Acquisition of Omars to Expand the Company's European Footprint Ended 2025 with More Than $150 Million in Global Military Commitments Approved Significant Capacity Expansion at Ooltewah Facility to Support Future Growth Board of Directors Approves 5% Increase in Dividend to $0.21 per Share CHATTANOOGA, Tenn., March 4, 2026 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2025, and provided updates on its global strategic initiatives.
Head to Head Survey: Wabash National (NYSE:WNC) & Miller Industries (NYSE:MLR)
Miller Industries (NYSE: MLR - Get Free Report) and Wabash National (NYSE: WNC - Get Free Report) are both small-cap auto/tires/trucks companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings. Analyst Recommendations This is a summary of
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📊 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
So what: MLR delivered in-line Q1 results but with a large YoY decline driven by lower 2H 2025 production, while sequential growth (5.7% Q/Q) reflects management restarting production to meet improving early-year orders. The quarter also carries clear one-time noise from the Omars acquisition (noncash items reducing EPS by ~ $0.13) plus a tax-driven EPS headwind. The operational pivot is inventory/demand management: Middle East tensions and higher diesel pushed retail demand down and forced a pause in North American production increases, yet management says underlying demand remains intact (chassis sales rising). Margin recovery is the centerpiece—gross margin expected back to mid-13% for full-year 2026 as product mix normalizes and pricing actions take effect (3% increase; invoicing changes effective Aug 1, 2026). Milestone optionality comes from defense RFQs (> $150M commitments with 2027 production and 2028-2029 revenue), while Omars integration and Jige expansion support multiyear growth.
Growth Catalysts
- Smooth integration of Omars acquisition expected to make it an increasingly meaningful contributor in 2026
- Underlying demand remained intact despite Q1 market reduction; chassis sales rose in recent weeks
- International backlog and steady customer demands; export pipeline supported by global military RFQs
- New Ooltewah facility (200,000-plus sq ft) targeted for production readiness by late 2027 to support higher defense-grade and export volumes
Business Development
- Omars acquisition (first full quarter of contribution)
- EUR 8 million expansion at Jige (France) on track to complete by mid-2027
- Military RFQ pipeline: >$150 million in military commitments with production scheduled to begin in 2027 (majority revenue recognized in 2028-2029)
- Ongoing work with militaries globally to support defense-grade recovery vehicles
Financial Highlights
- Revenue $180.9M, down 19.8% YoY and in line with expectations; Q/Q revenue up 5.7% driven by accelerating production to meet rising retail activity/order intake
- Gross profit $25.7M (14.2% of sales); diluted EPS $0.05
- Noncash acquisition-related expenses from Omars reduced Q1 results by ~ $0.13 diluted EPS (fair value adjustments on equipment sales and amortization of estimated intangible customer relationship assets)
- EPS headwind also from higher consolidated taxes due to conservative tax approach for Omars acquisition-related expenses and nondeductible executive compensation
- SG&A: higher expenses primarily attributable to Omars; approximately $600K of onetime acquisition costs in SG&A on top of ongoing run-rate
- Capital allocation/financial posture: cash balance $53M, up $8.3M from year-end via faster receivable conversion
Capital Funding
- Returned ~$4.6M to shareholders in Q1 via dividend + share repurchases
- Share repurchases: $2.2M executed in Q1 plus ~$14M remaining under current authorization
- Credit facility reduced by $10M; total debt balance ~ $21M at quarter-end
- Management indicated expansion funded largely through operating cash flow over coming years (no additional financing required expected)
Strategy & Ops
- Paused North American production increase late in the quarter to maintain balanced distributor inventory amid Middle East geopolitical-driven uncertainty and higher diesel prices
- Implemented additional 3% price increase on all manufactured products due to U.S. manufacturing cost increases exceeding tariff surcharge coverage
- Effective August 1, 2026, all manufactured products begin invoicing at updated pricing structure; orders invoiced on/after Aug 1 reflect new pricing regardless of order placement date
- Systems in place to monitor demand signals to accelerate production as retail activity improves
- Facility expansion at Ooltewah: targeting site prep on schedule with construction start by late summer; production readiness by late 2027 to improve heavy-duty workflow and manufacturing efficiencies
Market Outlook
- Full-year 2026 revenue expected between $850M and $900M
- Full-year 2026 EPS expected generally in line with full-year 2025 results
- Production volumes and revenue increasingly weighted toward the second half of 2026 due to higher diesel prices and geopolitical uncertainty causing customers to push orders
- Management expects ability to approach ~$250M quarterly revenue by the second half of the year (with demand returning as pressures ease)
- Gross margins expected to return to historical levels in mid-13% for full year 2026; mix shifting toward historical levels of bodies and chassis
- Q2 earnings next quarter expected to provide more specifics on RFQs/commitment progression (timing: during Q2 release)
Risks & Headwinds
- Geopolitical tensions in the Middle East increased uncertainty and diesel prices, pressuring retail demand and causing customers to push orders
- U.S. manufacturing cost increases exceeded coverage from April 2025 tariff-related surcharge, requiring an additional 3% price increase
- Higher consolidated tax impact in Q1 tied to conservative tax approach to Omars acquisition-related expenses and nondeductible executive compensation
- Near-term distributor inventory balance risk addressed via pausing production increase (signals potential volume volatility)
Q&A: Analyst Interest
- Topic: Omars-related onetime charges location and composition; Management clarified that acquisition charges split between gross margin and SG&A, with ~$600K in SG&A. They indicated remaining SG&A is close to Omars’ current run rate for a full quarter, with tax conservatism a key contributor to EPS impact.
- Topic: Potential SG&A synergies post-Omars; Management addressed synergy pathways by noting Omars was stand-alone with its own engineering/HR/accounting stack. They expect leverage primarily through combining and enhancing efficiencies across European entities, and potentially integrating with U.S. operations to reduce cost.
- Topic: Military RFQ pipeline movement toward booking; Management stated positive movement from a few RFQs during the quarter but no specific additional RFQ commitments to announce. They suggested Q2 earnings will include more detailed information on commitments and pipeline items expected to move forward during the quarter.
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.