Overview
Towing equipment maker's Q4 revenue fell 22.9% yr/yr
Net income for Q4 decreased 67.6% yr/yr
Company completed acquisition of Omars to expand European footprint
Outlook
Miller Industries expects 2026 revenue between $850 mln and $900 mln
Production volumes to rise in Q1 and Q2 2026, meeting retail levels by Q3
Gross margins expected to return to mid-13% range for full year 2026
Company press release: ID:nPnDjzf6a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$171.2 mln
$164.20 mln (2 Analysts)
Q4 Net Income
$3.4 mln
Q4 Gross Profit
$26.5 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $49.00, about 13.2% above its March 3 closing price of $43.29
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
