Miller Industries: Inventory Frontloading Continues To Be A Winning Strategy For Now [Seeking Alpha]
Miller Industries, Inc. (MLR)
US:NYSE Investor Relations:
millerind.com/investor-relations
Company Research
Source: Seeking Alpha
The company's liquidity metrics, including the current ratio and quick ratio, indicate no adverse issues at this time. Miller's solvency and dividend trends remain solid, but improved free cash flow generation is needed to ease working capital commitments. Intro We wrote about Miller Industries, Inc. ( NYSE: MLR ) back in October of last year when we stated that the company's high working capital needs would most likely lead to more consolidation in the share price over the near term. Despite the company's impressive Q3 earnings report which was announced last November, shares have only rallied approximately 5.7% since our previous commentary (October 9th) with the S&P rallying almost 13.5% over the same timeframe. On the whole, trading conditions continued to stack up for Miller in its third quarter with elevated demand & much-improved deliveries resulting in a 33+% increase in top-line sales. Net income in Q3 increased by well over $12 million to hit $17.5 million with an e
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MLR
News
- MILLER INDUSTRIES TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON WEDNESDAY MAY 8, 2024PR Newswire
- Miller Industries, Inc.'s (NYSE:MLR) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum? [Yahoo! Finance]Yahoo! Finance
- Is Miller Industries (MLR) a Cyclical Business? [Yahoo! Finance]Yahoo! Finance
- MILLER INDUSTRIES BOARD AUTHORIZES NEW SHARE REPURCHASE PROGRAM [Yahoo! Finance]Yahoo! Finance
- Miller Industries announces $25M share repurchase program [Seeking Alpha]Seeking Alpha
MLR
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/2/24 - Form 8-K
- MLR's page on the SEC website