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

Earnings
โดย MarketBeat·US·Read original
Summary · why it matters

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.

Impact on stocks 1

Industrials · 1 stocks
Miller Industries Inc
MLR
▲ PositiveCapitalrelevance

Q2 revenue up 12.1% to $240M, EPS rose to $0.63, and full-year outlook reaffirmed.