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Stock impact report

Miller Industries Inc (MLR) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Challenges [Yahoo! Finance]

Miller Industries, Inc. (MLR) 
US:NYSE Investor Relations: millerind.com/investor-relations
Company Research Source: Yahoo! Finance
Gross Margin: 13.4%, decreased by 220 basis points year over year. Net Income: $15.4 million or $1.33 per diluted share. SG&A Expenses: $22.3 million, 7.1% of net sales. Interest Expense: $251,000, down 86.2% from the prior year. Cash and Cash Equivalents: $40.6 million as of September 30, 2024. Accounts Receivable: $34 million as of September 30, 2024. Inventory: $190.3 million as of September 30, 2024. Dividend: $0.19 per share, marking the 56th consecutive quarter of dividend payment. Share Repurchase: 45,000 shares repurchased, representing $2.9 million. Warning! GuruFocus has detected 7 Warning Signs with MLR. Release Date: November 13, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Miller Industries Inc ( NYSE:MLR ) reported a 14.5% year-over-year increase in revenues for the third quarter of 2024, reaching $314.3 million, driven by improved OEM chassis deliveries. The company experienced strong Show less Read more
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