Miller Industries, Inc. (MLR)

NYSE: MLR · Real-Time Price · USD
63.36
-1.09 (-1.69%)
Oct 21, 2024, 4:00 PM EDT - Market closed
-1.69%
Market Cap 725.71M
Revenue (ttm) 1.29B
Net Income (ttm) 71.69M
Shares Out 11.45M
EPS (ttm) 6.23
PE Ratio 10.17
Forward PE 11.20
Dividend $0.76 (1.20%)
Ex-Dividend Date Sep 9, 2024
Volume 66,644
Open 64.78
Previous Close 64.45
Day's Range 63.33 - 65.03
52-Week Range 34.96 - 69.75
Beta 0.97
Analysts Strong Buy
Price Target 82.00 (+29.42%)
Earnings Date Nov 6, 2024

About MLR

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. The company markets its pr... [Read more]

Industry Auto Parts
IPO Date Aug 2, 1994
Employees 1,821
Stock Exchange NYSE
Ticker Symbol MLR
Full Company Profile

Financial Performance

In 2023, Miller Industries's revenue was $1.15 billion, an increase of 35.94% compared to the previous year's $848.46 million. Earnings were $58.29 million, an increase of 186.50%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MLR stock is "Strong Buy" and the 12-month stock price forecast is $82.0.

Price Target
$82.0
(29.42% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Miller Industries Inc (MLR) Stock Price Up 4.6% on Oct 2

Shares of Miller Industries Inc (MLR, Financial) surged 4.60% in mid-day trading on Oct 2. The stock reached an intraday high of $63.90, before settling at $62.62, up from its previous close of $59.86...

19 days ago - GuruFocus

Miller Industries Faces Ongoing Activist Investor Campaign, Analyst Adds Tow Truck Company To STAMPEDE List

Shares of Miller Industries Inc. have risen almost 48% year to date. The company has been added to the STAMPEDE list due to the ongoing activism campaign, according to DA Davidson.

19 days ago - Benzinga

Miller Industries to Host 1x1 Investor Meetings at the 23rd Annual D.A. Davidson Diversified Industrials & Services Conference on September 19th in Nashville, TN

CHATTANOOGA, Tenn. , Sept. 19, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, announced today that Chief Executive Officer...

4 weeks ago - PRNewsWire

Miller Industries Is Starting To Pay Attention To Investors

Miller Industries is a leading manufacturer of tow trucks with a variety of brands. The company's revenue and earnings have rebounded since the pandemic. Despite low valuation ratios, MLR is financial...

2 months ago - Seeking Alpha

Miller Industries: Shares Can Keep Moving Higher

Miller Industries has seen some nice market-beating performance over an extended window of time. Recently, the company's revenue and profitability have surged, with net income growing from $14.9 milli...

2 months ago - Seeking Alpha

Miller Industries, Inc. (MLR) Q2 2024 Earnings Call Transcript

Miller Industries, Inc. (NYSE:MLR) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief ...

2 months ago - Seeking Alpha

MILLER INDUSTRIES REPORTS 2024 SECOND QUARTER RESULTS

CHATTANOOGA, Tenn. , Aug. 7, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the second quarter ended June 30, 202...

2 months ago - PRNewsWire

MILLER INDUSTRIES TO ANNOUNCE SECOND QUARTER 2024 RESULTS ON WEDNESDAY AUGUST 7, 2024

CHATTANOOGA, Tenn. , July 31, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Second Quarter ended June 30, 2024, on Wednesday, August 7, 2024, after ma...

2 months ago - PRNewsWire

Miller Industries, Inc. (MLR) Q1 2024 Earnings Call Transcript

Miller Industries, Inc. (NYSE:MLR) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief Exec...

5 months ago - Seeking Alpha

MILLER INDUSTRIES REPORTS 2024 FIRST QUARTER RESULTS

CHATTANOOGA, Tenn. , May 8, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the first quarter ended March 31, 2024...

5 months ago - PRNewsWire

MILLER INDUSTRIES TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON WEDNESDAY MAY 8, 2024

CHATTANOOGA, Tenn. , May 1, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the First Quarter ended March 31, 2024, on Wednesday, May 8, 2024, after market ...

6 months ago - PRNewsWire

MILLER INDUSTRIES BOARD AUTHORIZES NEW SHARE REPURCHASE PROGRAM

CHATTANOOGA, Tenn. , April 2, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced that its Board of Directors has authorized a $25.0 million...

7 months ago - PRNewsWire

MILLER INDUSTRIES ISSUES STATEMENT IN RESPONSE TO SHAREHOLDER LETTER

CHATTANOOGA, Tenn., March 21, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company"), the World's Largest Manufacturer of Towing and Recovery Equipment, today ...

7 months ago - PRNewsWire

Advisory Research Sends Letter to Miller Industries' Board of Directors Regarding Opportunities to Enhance Shareholder Value

CHICAGO--(BUSINESS WIRE)--Advisory Research, Inc., which owns approximately 3.25% of Miller Industries' (NYSE: MLR) (“Miller” or the “Company”) outstanding shares, today sent the below letter to the C...

7 months ago - Business Wire

Miller Industries, Inc. (MLR) Q4 2023 Earnings Call Transcript

Miller Industries, Inc. (NYSE:MLR) Q4 2023 Earnings Conference Call March 7, 2024 10:00 AM ET Company Participants Mike Gaudreau - Investor Relations, FTI Consulting Will Miller - President & Chief E...

8 months ago - Seeking Alpha

MILLER INDUSTRIES REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS

CHATTANOOGA, Tenn. , March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced financial results for the fourth quarter and full year end...

8 months ago - PRNewsWire

MILLER INDUSTRIES BOARD INCREASES DIVIDEND

CHATTANOOGA, Tenn. , March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today d...

8 months ago - PRNewsWire

MILLER INDUSTRIES TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2023 RESULTS ON WEDNESDAY MARCH 6, 2024

CHATTANOOGA, Tenn. , Feb. 28, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Fourth Quarter and Full Year ended December 31, 2023, on Wednesday, March ...

8 months ago - PRNewsWire

MILLER INDUSTRIES ANNOUNCES DATE OF THE ANNUAL MEETING OF SHAREHOLDERS

CHATTANOOGA, Tenn. , Feb. 26, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today a...

8 months ago - PRNewsWire

MILLER INDUSTRIES REPORTS PRELIMINARY FOURTH QUARTER AND FULL YEAR 2023 RESULTS

CHATTANOOGA, Tenn. , Feb. 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) ("Miller Industries" or the "Company") today announced preliminary financial results for the Fourth Quarter and Fu...

9 months ago - PRNewsWire

Miller Industries: Remains Underfollowed And Undervalued

When I initiated coverage of Miller Industries, I wrote that the market is ignoring the operating leverage story that will unfold due to the company's recent investments in manufacturing. These invest...

9 months ago - Seeking Alpha

Miller Industries to Host 1x1 Meetings with Investors at the Southwest IDEAS Investor Conference

CHATTANOOGA, Tenn. , Nov. 14, 2023 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company"), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that Chief Ex...

1 year ago - PRNewsWire

Miller Industries, Inc. (MLR) Q3 2023 Earnings Call Transcript

Miller Industries, Inc. (NYSE:MLR) Q3 2023 Earnings Call Transcript November 9, 2023 10:00 AM ET Company Participants Mike Gaudreau - FTI Consulting Will Miller - President and CEO Debbie Whitmire - ...

1 year ago - Seeking Alpha

MILLER INDUSTRIES REPORTS 2023 THIRD QUARTER RESULTS

CHATTANOOGA, Tenn. , Nov. 8, 2023 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the third quarter ended September 30, 2023.

1 year ago - PRNewsWire

MILLER INDUSTRIES TO ANNOUNCE THIRD QUARTER 2023 RESULTS ON WEDNESDAY NOVEMBER 8, 2023

CHATTANOOGA, Tenn. , Nov. 1, 2023 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) intends to release its results for the Third Quarter ended September 30, 2023, on Wednesday, November 8, 2023, aft...

1 year ago - PRNewsWire