Miller Industries Inc

Miller Industries, Inc. and its subsidiaries manufacture and sell towing and recovery equipment. Its products include wreckers for recovering and towing disabled vehicles and other equipment, car carriers with hydraulic tilt mechanisms for transporting new or disabled vehicles, and transport trailers for moving multiple vehicles for auto auctions, dealerships, leasing companies, and similar operations. The company markets its products under brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle. It sells through independent distributors in North America, Canada, and Mexico, and through prime contractors to governmental entities. Miller Industries was founded in 1990 and is headquartered in Ooltewah, Tennessee.

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Miller Industries Q2 revenue rises 12.1% to $240 million, reaffirms full-year outlook

Miller Industries reported second-quarter revenue of $240 million, up 12.1% year over year, and reaffirmed its full-year revenue outlook of $850 million to $900 million. Diluted earnings per share rose to $0.63, compared with $0.05 in the first quarter, while gross profit was $35.9 million, representing 15% of sales. The company expects full-year earnings per share to be in line with 2025 results and gross margins to return to the historical mid-13% range in 2026. Military commitments have surpassed $200 million, with production beginning in 2027 and most revenue expected in 2028 and 2029. Miller Industries also plans an €8 million expansion at its Jigé facility in France and a new 200,000-plus-square-foot manufacturing facility in Ooltewah, Tennessee, targeted for production by late 2027.

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