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Miller Industries (MLR)
NYSE:MLR
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced acknowledgement of a difficult 2025 (notably a 37.2% full-year revenue decline) with clear signs of recovery and strategic progress: normalized distributor inventories, improving retail orders, immediate production ramps, accretive European M&A (OMARS), a large secured military RFQ pipeline (> $150M) and disciplined capital allocation (debt down to $20M, dividend uptick, share repurchases). Near-term headwinds include one-time SG&A and integration costs and the lag before military revenues materialize, but the guidance for 2026 revenue growth ($850M–$900M), planned capacity investments and operational initiatives suggest a constructive outlook.Company Guidance
Quarterly and Margin Results
Q4 2025 revenue of $171,200,000 (down 22.9% YoY) with gross profit of $26,500,000 representing a 15.5% gross margin and diluted EPS of $0.29.
Full Year 2025 Financials and Cash Return
FY 2025 revenue of $790,300,000 (down 37.2% YoY), gross profit $120,400,000 (15.2% of sales), net income $23,000,000 and diluted EPS $1.98; returned approximately $15,100,000 to shareholders in 2025 via dividends and repurchases.
Improving Demand Signals and Production Ramp
Sequential improvement in retail order activity late in Q4 that continued into 2026; company has begun increasing production levels at all U.S. facilities to meet recovering demand.
Acquisition and European Expansion
Closed acquisition of OMARS (Dec 2) with ~one month contribution in Q4; OMARS expected to be accretive in year one and expands European footprint, manufacturing and distribution capabilities; €8,000,000 Zuzain expansion to double heavy-duty capacity (on schedule, complete by mid-2027).
Military Pipeline and Long-Term Revenue Tailwind
Robust military RFQ pipeline with more than $150,000,000 in military work secured (production starting 2027; majority of related revenue expected in 2028–2029), described as unprecedented for the company and a major long-term growth driver.
Capital Allocation and Balance Sheet Strengthening
Debt reduced to $20,000,000 as of January 2026; Board increased quarterly dividend 5% to $0.21 per share; share repurchases of $2,200,000 in 2025; company expects to fund most expansion organically from operating cash flow.
Planned Capacity Investment
Announced a significant $100,000,000 investment for a 200,000+ sq ft addition to the Oodawa facility to support heavy-duty and defense production, targeted to be production ready in late 2027.
2026 Outlook
Revenue guidance for 2026 of $850,000,000–$900,000,000, expectation that revenue will approach ~$250,000,000 per quarter as production ramps, and gross margins expected to normalize to mid-13% range for the full year as mix returns to historic levels.
MLR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $44.76 | $47.64 | +6.42% |
Nov 05, 2025 | $39.94 | $38.18 | -4.41% |
Aug 06, 2025 | $40.92 | $39.15 | -4.33% |
May 07, 2025 | $41.43 | $44.17 | +6.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Miller Industries (MLR) report earnings?
Miller Industries (MLR) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Miller Industries (MLR) earnings time?
Miller Industries (MLR) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLR EPS forecast?
MLR EPS forecast for the fiscal quarter 2026 (Q1) is 0.27.