Miller Industries Reports Strong Q3 2026 Growth Driven by Revenue Increase and Net Income Surge
Miller Industries (MLR) reported robust third-quarter 2026 financial results, highlighted by an 18.8% year-over-year revenue increase to $212.2 million. The company's net income nearly doubled to $6.1 million compared to the prior-year period, driven by improved operating efficiencies and steady order intake despite distributor inventory reductions. Looking ahead, Miller Industries has provided optimistic full-year guidance with revenue expected between $850 million and $900 million. The company is also executing significant strategic expansions, including a $100 million investment in a new facility in Ooltewah to support heavy-duty equipment production and capacity expansion in Jige to meet European demand. While geopolitical tensions and diesel prices pose risks to retail demand, the company's balance sheet remains strong following $30 million in debt reduction.
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Topics: EPS Beat Financial Guidance Military Contracts Net Income Increase Revenue Growth