Miller (MLR) EPS Up Sales Down 42
Miller Industries (NYSE:MLR), the world’s largest manufacturer of towing and recovery equipment, reported second quarter 2025 results on August 6, 2025. The headline news was a sharp drop in revenue and profits compared to the prior year, with GAAP net sales and net income both declining significantly as industry demand softened. Revenue (GAAP) was $214.0 million, falling short of the $222.9 million analyst estimate (GAAP). Despite this, diluted earnings per share (GAAP) were $0.73, comfortably beating GAAP forecasts of $0.55. Management also cut its full-year revenue outlook by 20‑25% for FY2025 and suspended earnings per share guidance, warning of possible extraordinary costs in the second half of the year. The period showed resilient margins, but marked challenges remain as the company faces high inventory, weak demand, and regulatory risk.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Miller Industries is the leading global producer of towing and recovery vehicles, supplying a broad range of products such as light, medium, and heavy-duty recovery trucks, car carriers, and military recovery vehicles. Its manufacturing operations are based in the United States, France, and the United Kingdom. The company distributes its equipment through a large, loyal network of specialist dealers, serving commercial towing operators and government customers worldwide.
Source Fool.com
