MILLER INDUSTRIES REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS [Yahoo! Finance]
Miller Industries, Inc. (MLR)
US:NYSE Investor Relations:
millerind.com/investor-relations
Company Research
Source: Yahoo! Finance
For the fourth quarter of 2023, net sales were $296.2 million , an increase of 31.2%, compared to $225.9 million for the fourth quarter of 2022. The year over year improvement was predominantly due to continued strong order trends and execution against the Company's near $1 billion backlog in the form of improved deliveries of finished goods to customers. Gross profit for the fourth quarter of 2023 was $38.6 million , or 13.0% of net sales, compared to $25.5 million , or 11.3% of net sales, for the fourth quarter of 2022. The increase in gross margin was driven largely by initiatives to improve productivity and the stabilization of raw material costs compared to the prior year. Selling, general and administrative expenses were $16.4 million , or 5.5% of net sales, compared to $13.1 million , or 5.8% of net sales, in the prior year period. The year over year increase in selling, general and administrative expenses was due to increases in bonus accruals and investments made in trai
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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