Earnings ·
Miller Industries reported fiscal second quarter results ending June 30, 2026, with revenue of $240.0 million, a 12.1%…
MLRMiller Industries Inc
Miller Industries reported fiscal second quarter results ending June 30, 2026, with revenue of $240.0 million, a 12.1% increase year-over-year from $214.0 million. Net income decreased 14.1% to $7.3 million, resulting in diluted earnings per share of $0.63 compared to $0.73 in the prior year period. The company reduced its total debt balance by $20 million since the end of the first quarter and returned $4.9 million to shareholders through dividends and share repurchases. Additionally, Miller Industries reaffirmed its full-year 2026 revenue guidance of $850 million to $900 million and expects earnings per share to be generally in line with full year 2025 results. The company manufactures towing and recovery equipment.