While the company has taken proactive steps to manage inventory, reduce debt, and maintain a strong cash position, significant challenges remain with a notable decline in revenue and net income, coupled with macroeconomic uncertainty and workforce reductions. The outlook for military vehicle demand provides a positive future opportunity, but current performance reflects substantial difficulties.

Company Guidance

During the Miller Industries Third Quarter 2025 Results Conference Call, the company provided guidance that emphasized a strategic focus on cost management and inventory control amid challenging market conditions. The company reported net sales of $178.7 million, reflecting a significant 43.1% year-over-year decrease primarily due to a decline in chassis shipments. Despite this, the gross profit margin improved to 14.2% from 13.4% the previous year, driven by a favorable product mix. SG&A expenses were reported at $21.2 million, marking an 11.9% share of net sales, with efforts to cut costs partially offset by a $900,000 retirement-related onetime expense. Interest expense significantly dropped by 63% to $93,000 due to reduced debt levels. The company closed the quarter with a cash balance of $38.4 million and reduced its debt to $35 million after a $10 million paydown. Inventory increased to $180.7 million, mainly from pre-purchasing materials to mitigate tariff effects, while accounts payable decreased to $82.2 million. Looking ahead, Miller Industries reaffirmed its 2025 revenue guidance of $750 million to $800 million and expressed confidence in its position for 2026, underpinned by improving inventory dynamics and growing demand for its military vehicles.

Gross Profit Margin Improvement

Gross profit for Q3 2025 was $25.3 million or 14.2% of net sales, an increase from 13.4% in the prior year period, due to a favorable product mix.

Significant Debt Reduction

Reduced debt by $10 million during Q3 2025, with an additional $10 million paid down post-quarter, bringing the debt balance to $35 million.

Strong Cash Position

Cash balance increased by $6.6 million sequentially, reaching $38.4 million at the end of Q3 2025.

Proactive Inventory Management

Strategic pre-purchase of materials to mitigate tariffs and reduction of field inventory, preparing for a more normalized inventory level by 2026.

Positive Military Market Outlook

Increased RFQ activity for military vehicles with expectations of production in 2027, offering potential future revenue growth.

Consistent Shareholder Returns

Paid dividends for 59 consecutive quarters and repurchased $1.2 million in stock, totaling $3.5 million returned to shareholders in Q3 2025.

Miller Industries (MLR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MLR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2026	2025 (Q4)	0.07 / -	0.91	―	―	―
Nov 05, 2025	2025 (Q3)	0.02 / 0.27	1.33	-79.70% (-1.06)
Aug 06, 2025	2025 (Q2)	0.55 / 0.73	1.78	-58.99% (-1.05)	―
May 07, 2025	2025 (Q1)	0.63 / 0.69	1.473	-53.16% (-0.78)	―
Mar 05, 2025	2024 (Q4)	1.19 / 0.91	1.449	-37.20% (-0.54)	―
Nov 12, 2024	2024 (Q3)	1.33 / 1.33	1.516	-12.27% (-0.19)	―
Aug 07, 2024	2024 (Q2)	- / 1.78	1.294	37.56% (+0.49)	―
May 08, 2024	2024 (Q1)	- / 1.47	0.807	82.53% (+0.67)	―
Mar 06, 2024	2023 (Q4)	- / 1.45	0.814	78.01% (+0.64)	―
Nov 08, 2023	2023 (Q3)	- / 1.52	0.458	231.00% (+1.06)	―

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
Nov 05, 2025	$40.35	$38.57	-4.41%
Aug 06, 2025	$41.34	$39.55	-4.33%
May 07, 2025	$41.85	$44.62	+6.62%
Mar 05, 2025	$54.12	$45.84	-15.30%

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, Inc. (MLR) report earnings?

Miller Industries, Inc. (MLR) is schdueled to report earning on Mar 11, 2026, After Close (Confirmed).

What is Miller Industries, Inc. (MLR) earnings time?

Miller Industries, Inc. (MLR) earnings time is at Mar 11, 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 2025 (Q4) is 0.08.

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