CHATTANOOGA, Tenn., Nov. 5, 2025 /PRNewswire/ — Miller Industries, Inc. (NYSE: MLR) (“Miller Industries” or the “Company”) as of late introduced monetary effects for the 3rd quarter ended September 30, 2025.

For the 3rd quarter of 2025, internet gross sales had been $178.7 million, a short of 43.1%, in comparison to $314.3 million for the 3rd quarter of 2024. Indistinguishable to the former quarter, the short was once pushed essentially by means of a lessen in chassis shipments, that have been increased within the prior yr duration as fresh apparatus producers (“OEMs”) recovered from provide chain disruptions.

Improper benefit for the 3rd quarter of 2025 was once $25.3 million, or 14.2% of internet gross sales, in comparison to $42.0 million, or 13.4% of internet gross sales, for the 3rd quarter of 2024. The year-over-year build up in improper margin share was once pushed in large part by means of product combine, which shifted from the next share of chassis within the prior yr duration, to the next share of devices within the latest quarter.

For the 3rd quarter of 2025, promoting, common and administrative bills had been $21.2 million, or 11.9% of internet gross sales, in comparison to $22.3 million, or 7.1% of internet gross sales, within the prior yr duration. The year-over-year short was once pushed essentially by means of price financial savings projects and decrease government repayment bills. This was once partly offset by means of one-time prices connected to an enhanced leaving program the Corporate introduced to all U.S. workers elderly 65 and above throughout the 3rd quarter of 2025. The Corporate identified a $0.9 million expense within the 3rd quarter of 2025 connected to the leaving program. The overall internet monetary have an effect on of this system was once $2.7 million, the remains of which the Corporate expects to acknowledge within the fourth quarter of 2025.

Internet source of revenue within the 3rd quarter of 2025 was once $3.1 million, or $0.27 in line with diluted percentage, decreases of 80.0% in comparison to internet source of revenue of $15.4 million, or $1.33 in line with diluted percentage, within the prior yr duration.

The Corporate additionally introduced that its Board of Administrators has declared a quarterly money dividend of $0.20 in line with percentage, payable December 9, 2025, to shareholders of report on the related of commercial on December 2, 2025, the 60th consecutive quarter that the Corporate has paid a dividend.

“Third-quarter revenue was in-line with our expectations, as industry-wide demand headwinds continued to weigh on results,” stated William G. Miller II, Important Govt Officer of the Corporate. “We took decisive action in the third quarter to support our bottom line, including strategically decreasing production to reduce field inventory, right-sizing our costs for the current environment, and securing our supply chain to mitigate the long-term impacts of tariffs. This included the incredibly difficult decision we made to implement a reduction in workforce, which was announced in August as part of our comprehensive cost reduction plan. With the proactive steps we are taking, we are confident that we will be well positioned to capitalize on opportunities as the market environment improves.”

Mr. Miller II, concluded, “We are focused on the aspects of our business that we can control and will continue to prioritize disciplined and balanced capital allocation as our cash conversion improves. We executed approximately $1.2 million in share repurchases, which, when combined with our dividend, resulted in approximately $3.5 million returned to shareholders during the quarter. In addition, we also reduced our debt balance by $10 million during the quarter, and an additional $10 million in October. With strong interest in the global military market, field inventory that is returning toward more normalized levels, and an improved cost-structure, we continue to believe we will enter 2026 from a position of strength.”

2025 Steerage

The Corporate is re-affirming its up to now issued income steering of $750 to $800 million for the 2025 fiscal yr.

The statements within the 2025 steering supplied above are ahead searching. Latest effects would possibly fluctuate materially. See our cautionary word referring to “forward-looking statements” beneath.

The Corporate will host a convention name, which will probably be concurrently broadcast reside over the Web. The decision is scheduled for the next day to come, November 6, 2025, at 10:00 AM ET. Listeners can get right of entry to the convention name reside and archived over the Web via refer to hyperlink:

https://app.webinar.net/qb6LAMVzyxX

Please permit quarter-hour previous to the decision to consult with the website, obtain, and set up any essential audio device. A replay of this name will probably be to be had roughly one age next the reside name ends via Thursday, November 13, 2025. The replay quantity is 1-844-512-2921, Passcode 1178343

About Miller Industries, Inc.

Miller Industries is The International’s Greatest Producer of Towing and Fix Apparatus®, and markets its towing and medication apparatus underneath quite a lot of well-recognized manufacturers, together with Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Titan® and Eagle®.

Sure statements on this information drop is also deemed to be forward-looking statements, as outlined within the Personal Securities Litigation Reform Business of 1995. Ahead-looking statements will also be recognized by means of the utility of phrases corresponding to “may”, “will”, “should”, “could”, “continue”, “future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate” and indistinguishable expressions, or the unfavorable of such phrases, or alternative similar terminology and come with, with out limitation, any statements concerning our 2025 steering (together with underneath the heading “2025 Guidance”), our talent to successfully observe and alter manufacturing ranges to satisfy latest call for and boost up the relief of channel stock, the luck of steps we would possibly snatch to reinforce our prices, our talent to book our provide chain to mitigate the long-term dangers of price lists, the expansion and impact of the drivers of our long-term industry efficiency, the possible development of our marketplace order and medication of the economic marketplace, our occasion manufacturing capability enlargement plans, our priorities for the remains of 2025 in relation to operational potency and capital allocation, and any possible upside from pending army guarantees and their possible impact on income and profits expansion. Alternatively, the absence of those phrases or indistinguishable expressions does no longer ruthless {that a} commentary isn’t forward-looking. Ahead-looking statements additionally come with the suppositions underlying or in relation to any of the foregoing statements. Such forward-looking statements are made in line with our control’s ideals in addition to suppositions made by means of, and knowledge lately to be had to, our control. Our fresh effects would possibly fluctuate materially from the consequences expected in those forward-looking statements because of, amongst alternative issues: our dependence upon out of doors providers for trait portions, chassis and uncooked fabrics, together with aluminum, metal, and petroleum-related merchandise leaves us matter to adjustments in worth and availability, the cadence and dozen of deliveries from our providers, and delays in receiving provides of such fabrics, trait portions or chassis; our consumers’ and towing operators’ get right of entry to to capital and credit score to charity purchases; the implementation of untouched or higher price lists and any ensuing business wars and any ensuing macroeconomic indecision; the emerging prices of kit possession, together with proceeding will increase in insurance coverage premiums and increased rates of interest that experience added price pressures to our finish customers, and fluctuations within the worth of old vans; macroeconomic developments, availability of financing, and converting rates of interest; our consumers’ talent to charity purchases of our merchandise will increase in the price of professional exertions; the cyclical nature of our trade and adjustments in client self belief and in financial statuses typically; particular dangers from our gross sales to U.S. and alternative governmental entities via top contractors; adjustments in gasoline and alternative transportation prices, insurance coverage prices and climate statuses; adjustments in executive laws, together with environmental and condition and protection laws; failure to conform to home and international anti-corruption regulations; festival in our trade and our talent to draw or keep consumers; our talent to build or gain proprietary merchandise and generation; assertions towards us in relation to highbrow component rights; adjustments within the tax regimes and connected executive insurance policies and laws within the international locations through which we perform; the results of laws in relation to struggle minerals; the calamitous lack of considered one of our production amenities; environmental and condition and protection liabilities and necessities; lack of the services and products of our key executives; product guaranty or product legal responsibility claims in plenty of our insurance policy; possible remembers of elements or portions manufactured for us by means of providers or possible remembers of faulty merchandise; an incapability to obtain insurance coverage at commercially cheap charges; a disruption in, or breach in safety of, our knowledge generation techniques or any violation of information coverage regulations; and the ones alternative dangers mentioned in our filings with the Securities and Trade Fee, together with the ones dangers mentioned underneath the caption “Risk Factors” in our Annual Document on Method 10-Okay for the yr ended December 31, 2024 and next Quarterly Stories on Method 10-Q, which dialogue is integrated herein by means of this reference. Such elements aren’t unique. We don’t adopt to replace any forward-looking commentary that can be created from future to future by means of, or to the behalf of, the Corporate.

SOURCE Miller Industries, Inc.