Zacks Initiates Coverage of Miller Industries With Neutral Recommendation [Yahoo! Finance]
Miller Industries, Inc. (MLR)
US:NYSE Investor Relations:
millerind.com/investor-relations
Company Research
Source: Yahoo! Finance
The report highlights the company's notable achievements and growth potential while addressing the challenges it faces in the highly competitive towing and recovery equipment industry. Tennessee-based Miller Industries is recognized as the world's largest manufacturer of towing and recovery equipment. The company has built a strong presence since its founding in 1990, with operations extending domestically in Tennessee and Pennsylvania, and internationally in France and the UK. Its product lineup includes a diverse array of towing and recovery equipment marketed under 10 distinct brand names, such as Century, Vulcan and Holmes. Miller Industries has demonstrated strong growth, with first-quarter 2024 net sales reaching $349.9 million, marking a 24% increase year over year. This robust performance is driven by heightened demand and increased chassis shipments. The company also reported a significant boost in gross profit, which rose by 45.5% year over year to $44.2 million, with gr
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MLR
News
- Is Miller Industries, Inc. (NYSE:MLR) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Investing in Miller Industries (NYSE:MLR) five years ago would have delivered you a 125% gain [Yahoo! Finance]Yahoo! Finance
- Car Carrier Market to Reach $26.9 billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Here's Why We Think Miller Industries (NYSE:MLR) Might Deserve Your Attention Today [Yahoo! Finance]Yahoo! Finance
- Miller Industries, Inc. (NYSE:MLR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MLR
Sec Filings
- 6/25/24 - Form 8-K
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- MLR's page on the SEC website