Miller Industries (MLR) Reports Q1 EPS of $0.27

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Go back to Miller Industries (MLR) Reports Q1 EPS of $0.27

Miller Industries Reports 2015 First Quarter Results

May 6, 2015 4:45 PM EDT

CHATTANOOGA, Tenn., May 6, 2015 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the first quarter ended March 31, 2015.

For the first quarter of 2015, net sales were $126.8 million, an increase of 21.7%, compared to $104.2 million for the first quarter of 2014. Net income in the first quarter of 2015 was $3.1 million, or $0.27 per diluted share, an increase of 29.5% as compared to net income of $2.4 million, or $0.21 per diluted share, in the prior year period. 

Gross profit for the first quarter of 2015 was $12.0 million, or 9.4% of net sales, compared to... More