Miller Industries Q2 sales fall 42%, miss estimates

Miller Industries

06/08/2025 21:30

Overview

Miller Industries Q2 sales fall 42.4%, missing analyst expectations

Co revises 2025 revenue guidance to $750-$800 mln, suspends EPS guidance

Outlook

Miller Industries revises 2025 revenue guidance to $750-$800 mln

Company suspends EPS guidance due to potential extraordinary expenses

Company prioritizes operational efficiency and capital allocation for growth

Miller Industries anticipates recovery in commercial market and military contracts

Result Drivers

PRODUCT MIX - Gross margin percentage increased due to shift in sales product mix from chassis to bodies

DEMAND HEADWINDS - Decreased demand attributed to lower consumer confidence and elevated costs of ownership, including interest rates and tariffs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$214.03 mln
$234.90 mln (2 Analysts)
Q2 Net Income
$8.46 mln
Q2 Gross Profit
$34.59 mln
Q2 Pretax Profit
$11.37 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

Wall Street's median 12-month price target for Miller Industries Inc is $67.00, about 38.2% above its August 5 closing price of $41.39

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn8MZs4Ca

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)