MILLER INDUSTRIES INC /TN/ (MLR) Form 8-K — Aug 5, 2026
Miller Industries reported Q2 2026 revenue of $240.0 million, up 12.1% year over year, but net income fell 14.1% to $7.3 million and diluted EPS declined 13.7% to $0.63, as gross margin compressed 120 basis points to 15.0%. Sequentially the picture improved sharply: revenue rose 32.7% versus Q1 and net income rebounded over twelve-fold, while the company cut debt by $20 million to leave its credit facility balance at zero and returned $4.9 million to shareholders through dividends and roughly $2.5 million of buybacks. The board approved a quarterly dividend of $0.21 per share, payable September 15, 2026 to holders of record September 8, marking the 63rd consecutive quarterly dividend.
Key figures
- Eps
- 0.63
- Revenue
- $240.0 million
- Guidance
- FY2026 revenue $850M-$900M reaffirmed; EPS generally in line with FY2025; gross margin expected in the mid-13% range; ~$250M revenue per quarter for remainder of 2026
- Net Income
- $7.3 million
- Total Debt
- $3.2 million (reduced $20 million in Q2; no outstanding credit facility balance)
- Revenue Yoy
- 12.1%
- Total Assets
- $609.1 million
- Cash Position
- $55.6 million
- Shares Outstanding
- 11352184
- Gross margin
- 15.0% (down 120 bps from 16.2%)
- Gross profit
- $35.9 million (+3.9% YoY)
- Sga expenses
- $25.2 million (+7.6% YoY)
- Debt reduction q2
- $20 million
- Six month revenue
- $420.9 million (-4.3% YoY)
- Dividend per share
- $0.21 (63rd consecutive quarterly dividend)
- Capital returned q2
- $4.9 million
- Shareholders equity
- $420.1 million
- Military commitments
- >$200 million
- Share repurchases q2
- $2.5 million
- Six month net income
- $7.8 million (-52.7% YoY)
- Sequential eps growth
- 1,160.0% vs Q1 2026
- Ooltewah expansion cost
- ~$100 million
- Ooltewah expansion size
- 200,000+ sq ft
- Omars noncash eps impact
- -$0.11
- Sequential revenue growth
- 32.7% vs Q1 2026
- Diluted weighted avg shares
- 11521478
- Sequential net income growth
- 1,209.7% vs Q1 2026
Price after filing
Close on the filing date to close N calendar days later (from $50.82). Historical, not a forecast.
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