Miller Industries (MLR)
NYSE:MLR
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.73Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear near-term headwinds—most notably a 19.8% year-over-year revenue decline, Q1 EPS compression from noncash acquisition charges, and demand softness tied to geopolitical tensions and higher diesel prices—with several meaningful positives: healthy cash build (+$8.3M), reduced debt, ongoing share repurchases and dividends, smooth integration of the Omars acquisition with expected accretion, a large military backlog (~$150M) that supports multi-year growth, and explicit full-year revenue guidance of $850M–$900M. Management emphasized disciplined inventory and production control and committed capital investments to support future export and defense demand. On balance, the strategic positives and guidance/booking momentum outweigh the near-term operational and cost pressures.Company Guidance
Revenue and Sequential Growth
Q1 revenue of $180.9 million; quarter-over-quarter revenue growth of 5.7% reflecting accelerated production in early 2026.
Strong Cash Position and Balance Sheet Progress
Cash balance of $53.0 million, up $8.3 million from year-end; reduced credit facility by $10 million to total debt of approximately $21 million at quarter end.
Return of Capital to Shareholders
Returned approximately $4.6 million to shareholders in Q1 (dividend + repurchases); paid a consistent industry-leading quarterly dividend of $0.21 per share and repurchased $2.2 million in the quarter with ~ $14 million remaining authorization.
Omars Acquisition Integration and Expected Accretion
First full quarter contribution from Omars; integration described as smooth and management expects the acquisition to be accretive in the first year after recognizing noncash acquisition-related expenses.
Guidance and Full-Year Outlook
Full-year 2026 revenue guidance of $850 million to $900 million; EPS expected to be generally in line with full-year 2025; gross margins expected to return to historical levels in the mid-13% range for full year 2026.
Military Order Book and Export Opportunity
More than $150 million in military commitments at the start of 2026 with production scheduled to begin in 2027 and majority of related revenue expected in 2028-2029; management cites a robust pipeline of global military RFQs and growing international sales as a multi-year growth tailwind.
Planned Capacity Investments
EUR 8 million expansion at Jige (France) on track for mid-2027; new 200,000+ sq ft Ooltewah facility targeted for late 2027 to support defense-grade and export production; management expects to fund majority of expansion organically through operating cash flow.
Inventory and Channel Management Discipline
Proactive pause to North American production increases to maintain balanced distributor inventory amid demand uncertainty, demonstrating disciplined supply-chain and inventory management.
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 |
|---|---|---|---|
May 06, 2026 | $48.66 | $47.48 | -2.41% |
Mar 04, 2026 | $44.57 | $47.43 | +6.43% |
Nov 05, 2025 | $39.77 | $38.01 | -4.41% |
Aug 06, 2025 | $40.74 | $38.98 | -4.33% |
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 Aug 12, 2026, After Close (Confirmed).
What is Miller Industries (MLR) earnings time?
Miller Industries (MLR) earnings time is at Aug 12, 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 (Q2) is 0.37.