Miller Industries Q2 Earnings Call Highlights

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Sat, August 8, 2026 astatine 1:03 PM CDT 6 min read

Key Points

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Strong second-quarter performance: Revenue roseate 12.1% twelvemonth implicit twelvemonth to $240 million, portion diluted EPS accrued to $0.63. Miller reaffirmed its $850 million–$900 cardinal full-year gross outlook and expects astir $250 cardinal successful quarterly gross for the remainder of 2026.
Improved currency travel and shareholder returns: The institution accrued currency to $65.6 million, reduced indebtedness by $20 million, and returned $4.9 cardinal to shareholders done dividends and buybacks. Management expects 2026 gross margins to instrumentality to the humanities mid-13% range.
Long-term maturation investments are expanding: Military commitments exceeded $200 million, with accumulation opening successful 2027 and astir gross expected successful 2028–2029. Miller besides plans an €8 cardinal French enlargement and a caller 200,000-plus-square-foot Tennessee installation targeted for accumulation by precocious 2027.

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Miller Industries (NYSE:MLR) reported second-quarter 2026 gross of $240 million, up 12.1% from a twelvemonth earlier and 32.7% sequentially, arsenic dependable accumulation rates supported retail enactment and bid intake. The towing and betterment instrumentality shaper said it expects akin quarterly gross of astir $250 cardinal for the remainder of the twelvemonth and reaffirmed its full-year gross outlook of $850 cardinal to $900 million.

President and CEO Will Miller said the institution delivered gross maturation and improved profitability contempt what helium described arsenic an inconsistent macroeconomic environment. He attributed the advancement to accumulation efficiencies and stronger currency generation, which helped the institution trim indebtedness and summation fiscal flexibility.

Second-Quarter Results and Margins

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Gross nett successful the 4th was $35.9 million, representing 15% of sales, portion nett income totaled $7.3 million. Diluted net per stock were $0.63, compared with $0.05 successful the archetypal quarter.

Executive Vice President, CFO and Treasurer Debbie Whitmire said the profitability betterment reflected operational ratio and disciplined labor-cost management. However, gross nett was affected by a merchandise premix that returned toward a much normalized equilibrium betwixt chassis and bodies aft a play of elevated inventory wrong organisation channels.

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The quarter's net besides included $0.11 per stock of expenses related to the acquisition of Omars. Whitmire said Miller Industries has recognized the bulk of transaction-related costs and expects immoderate remaining interaction to beryllium little material. During the question-and-answer session, she estimated the remaining Omars-related disbursal for the twelvemonth astatine astir $0.04 to $0.05 per share, pursuing impacts of $0.13 successful the archetypal 4th and $0.11 successful the 2nd quarter.

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