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Miller Industries inc   (MLR)
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Price: $47.5600 $0.17 0.359%
Day's High: $48 Week Perf: -0.44 %
Day's Low: $ 46.84 30 Day Perf: 11.54 %
Volume (M): 125 52 Wk High: $ 51.37
Volume (M$): $ 5,945 52 Wk Avg: $38.40
Open: $46.84 52 Wk Low: $32.13



 Market Capitalization (Millions $) 547
 Shares Outstanding (Millions) 12
 Employees 890
 Revenues (TTM) (Millions $) 1,153
 Net Income (TTM) (Millions $) 58
 Cash Flow (TTM) (Millions $) -10
 Capital Exp. (TTM) (Millions $) 12

Miller Industries Inc

Miller Industries is The World’s Largest Manufacturer of Towing and Recovery Equipment®, with executive offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.

Since 1990, we have developed or acquired several of the most well-recognized brands in the towing and recovery equipment manufacturing industry. Our strategy has been to diversify our line of products and increase our presence in the industry by combining internal growth and development with acquisitions of complementary products.

We offer a broad range of towing and recovery equipment products that meet most customer design, capacity and cost requirements. We manufacture the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. We frequently purchase the truck chassis for resale to our customers. Wreckers generally are used to recover and tow disabled vehicles and other equipment and range in type from the conventional tow truck to large recovery vehicles with rotating hydraulic booms and up to 75-ton lifting capacities. Car carriers are specialized flatbed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers transport new or disabled vehicles and other equipment and are particularly effective over longer distances. We also manufacture vehicle transport trailers.

Our products primarily are sold through independent distributors that serve all 50 states, Canada and Mexico, and other foreign markets including Europe, the Pacific Rim, the Middle East, South America and Africa, and through prime contractors to governmental entities. Additionally, as a result of our ownership of Jige in France and Boniface in the United Kingdom, we have substantial distribution capabilities in Europe. While most of our distributor agreements do not contain exclusivity provisions, management believes that approximately 85% of our independent distributors sell our products on an exclusive basis. In addition to selling our products to towing operators, our independent distributors provide parts and service. We also utilize sales representatives to exclusively market our products and provide expertise and sales assistance to our independent distributors. Management believes the strength of our distribution network and the breadth of our product offerings are two key advantages over our competitors.

Product Lines

We manufacture a broad line of wrecker, car carrier and trailer bodies to meet a full range of customer design, capacity and cost requirements.

Wreckers. Wreckers are generally used to recover and tow disabled vehicles and other equipment and range in type from the conventional tow truck to large recovery vehicles with up to 75-ton lifting capacities. Wreckers are available with specialized features, including underlifts, L-arms, crossbars and scoops, which lift disabled vehicles by the tires or front axle to minimize front end damage to the towed vehicles. Certain heavy duty wrecker models offer rotating booms, which allow heavy duty wreckers to recover vehicles from any angle, and remote control devices for operating wreckers. In addition, certain light duty wreckers are equipped with automatic wheellift hookup devices that allow operators to engage a disabled or unattended vehicle without leaving the cab of the wrecker.

Our wreckers range in capacity from 4 to 75 tons, and are classified as either light duty or heavy duty, with wreckers of 16-ton or greater capacity being classified as heavy duty. Light duty wreckers are used to remove vehicles from accident scenes and vehicles illegally parked, abandoned or disabled, and for general recovery. Heavy duty wreckers are used in towing and recovery applications including overturned tractor trailers, buses, motor homes and other large vehicles.

Car Carriers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers are used to transport new or disabled vehicles and other equipment and are particularly effective for transporting vehicles or other equipment over longer distances. In addition to transporting vehicles, car carriers may also be used for other purposes, including transportation of industrial equipment. Most professional towing operators have car carriers in their fleets to complement their towing capabilities.

Transport Trailers. Our multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. These trailers are used for moving multiple vehicles for auto auctions, car dealerships, leasing companies and other similar applications. These trailers are easy to load and transport 6 to 7 vehicles. The vehicles can be secured to transport quickly with ratchet and chain tie-downs that are mounted throughout the frame of the transport. Many professional towing operators have added auto transport trailers to their fleets to add to their service offerings.

Brand Names

We manufacture and market our wreckers, car carriers and trailers under ten separate brand names. Although certain brands overlap in terms of features, prices and distributors, each brand has its own distinctive image and customer base.

Century®. The Century® brand is our “top-of-the-line” brand and represents what management believes to be the broadest product line in the industry. The Century® line was started in 1974 and produces wreckers ranging from 8-ton light duty to 75-ton heavy duty models, and car carriers in lengths from 20 to 30 feet. Management believes that the Century® brand has a reputation as the industry’s leading product innovator.

Vulcan®. Our Vulcan® product line includes a range of premium light duty and heavy duty wreckers, ranging from 8-ton light duty to 50-ton heavy duty models, and car carriers. The Vulcan® line is sold through its own independent distribution network.

Challenger®. Our Challenger® products compete with the Century® and Vulcan® products and constitute a third premium product line. Challenger® products consist of heavy duty wreckers with capacities ranging from 25 to 75 tons. The Challenger® line was started in 1975 and is known for high performance heavy duty wreckers and aesthetic design.

Holmes®. Our Holmes® product line includes mid-priced wreckers with 4 to 16 ton capacities, a 16-ton rotator and a detachable towing unit (DTU). The Holmes® wrecker was first produced in 1916. Historically, the Holmes® name has been the most well-recognized and leading industry brand both domestically and internationally.

Champion®. The Champion® brand, which was introduced in 1991, includes car carriers which range in length from 19 to 21 feet. The Champion® product line, which is generally lower-priced, allows us to offer a full line of car carriers at various competitive price points.

Chevron™. Our Chevron™ product line is comprised primarily of premium car carriers. Chevron™ produces a range of premium single-car, multi-car and industrial carriers, as well as wreckers ranging from 8-ton to 16-ton models. The Chevron™ line is operated autonomously with its own independent distribution network.

Eagle®. Our Eagle® products consist of light duty wreckers with the “Eagle Claw®” hook-up system that allows towing operators to engage a disabled or unattended vehicle without leaving the cab of the tow truck. The “Eagle Claw®” hook-up system was originally developed for the repossession market. Since acquiring Eagle, we have upgraded the quality and features of the Eagle® product line and expanded its recovery capability.

Titan®. Our Titan® product line is comprised of premium multi-vehicle transport trailers which can transport up to 7 vehicles depending on configuration.

Jige™. Our Jige™ product line is comprised of a broad line of premium light duty and heavy duty wreckers and car carriers marketed primarily in Europe. Jige™ is a market leader best known for its innovative designs of car carriers and light duty wreckers necessary to operate within the narrow confines of European cities, as well as heavy duty wreckers.

Boniface™. Our Boniface™ product line is comprised primarily of premium heavy duty wreckers marketed primarily in Europe. Boniface™ produces heavy duty wreckers specializing in the long underlift technology required to tow modern European tour buses.



   Company Address: 8503 Hilltop Drive, Ooltewah 8503 TN
   Company Phone Number: 238-4171   Stock Exchange / Ticker: NYSE MLR
   


   

Stock Performances by Major Competitors

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Miller Industries Inc

Miller Industries Inc Achieves Remarkable Success in Fourth Quarter of 2023

Miller Industries Inc, a leading construction and mining machinery company, has experienced significant growth in its stock price over the past three months. During this period, the company's stock increased by 14.87%, reaching its 52-week high. This growth is noteworthy, especially considering that the rest of the Construction & Mining Machinery sector has experienced a contraction of -26.53%.
One of the main contributors to this positive performance is the company's financial results for the period of October to December 31, 2023. Miller Industries Inc saw a substantial increase in its income per share, which advanced by 76.07% to $1.43 per share compared to the previous year. This growth can be attributed to a 31.404% increase in revenue to $296.78 million. In the previous quarter, the company generated revenue of $273.87 million and $1.52 per share in earnings, indicating consistent growth.

Miller Industries Inc

Miller Industries Inc Reports Impressive Growth in Fiscal Year 2023, with Doubled Income Per Share



Miller Industries Inc, a leading company in its industry, recently released its financial results for the fiscal year ending September 30, 2023. The report showcases significant growth in both revenue and income per share, reflecting the company's strong performance. Additionally, the company's improving profit margins, inventory levels, and accounts receivable provide further insights into its financial standing.
Key Facts:
1. Income Per Share Doubled: In fiscal year 2023, Miller Industries Inc saw a remarkable increase in income per share, which more than doubled by 230.43%. The figure rose to $1.52 per share from $1.29 per share in the previous reporting season.

Miller Industries Inc

Miller Industries Inc Achieves Record-Breaking Profit Growth of 290.91% in Q2 2023 Amidst Industry Comparisons

Miller Industries Inc Reports Strong Financial Performance and Positive Industry Comparisons
Miller Industries Inc, a leading company in the Construction & Mining Machinery industry, has announced impressive financial results for the quarter ending June 30, 2023. The company's earnings per share (EPS) soared by an astounding 290.91% to $1.29 compared to the previous year. This significant increase was driven by a remarkable growth in revenue, which surged by 48.848% to $299.93 million.
MLRs revenue growth in the second quarter of 2023 has outpaced its peers in the Construction & Mining Machinery industry, which experienced an average top-line growth of 21.07% during the same period. This puts Miller Industries Inc in a favorable position, highlighting its strong performance within the industry.

Miller Industries Inc

Income per Share Soared by 350 % at MLR amid the financial time-frame closing March 31 2023

Miller Industries Inc, a leading manufacturer of towing and recovery equipment, has recently reported significant growth in its financial performance. The company's net profit per share soared by 350% to $0.81 per share in proportion to the previous year, driven by a growing revenue of 30.959% to $282.28 million. The impressive financial results reflect the company's prudent management and strategic focus on expanding its market share in the towing and recovery equipment industry.
In the previous quarter, Miller Industries Inc realized revenue of $225.85 million and $0.81 per share, indicating a sustained growth trajectory. Net earnings of $9.220 million in the financial time-frame closing March 31 2023 increased by 346.49% from net earnings of $2.065 million reported in the financial time-frame closing March 31 2023 a year ago. This unprecedented growth showcases the company's robust financial performance and underlines its positioning as a key player in the towing and recovery equipment market.






 

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