Miller Industries Inc (N:MLR)
Business Focus: Automotive Body Parts
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Ste 100, 8503 Hilltop Dr OOLTEWAH TN 37363 |
| Tel: | N/A |
| Website: | https://www.millerind.com |
| IR: | See website |
| Key People | ||
| William G. Miller Executive Chairman of the Board | William G. Miller President, Chief Executive Officer, Director | Deborah L. Whitmire Chief Financial Officer, Executive Vice President, Treasurer |
| Jeffrey I. Badgley President - International and Military | Frank Madonia Executive Vice President, Secretary, General Counsel | Josias W. Reyneke Chief Information Officer, Vice President |
| Jamison W. Linden Vice President, Chief Manufacturing Officer | Vincent J. Tiano Vice President, Chief Revenue Officer | |
| Business Overview |
| Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger. |
| Financial Overview |
| For the three months ended 31 March 2024, Miller Industries Inc revenues increased 24% to $349.9M. Net income increased 85% to $17M. Revenues reflect North America segment increase of 23% to $318.5M, Foreign, segment increase of 30% to $31.3M. Net income benefited from Other Non-Operating Income/Expense - Bal increase from $20K (expense) to $233K (income), Interest on Lease obligation decrease from $1K (expense) to $0K. |
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