Miller Industries (MLR) Reports Q2 EPS of $0.52

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Miller Industries Reports 2015 Second Quarter Results

August 5, 2015 4:45 PM EDT

CHATTANOOGA, Tenn., Aug. 5, 2015 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the second quarter ended June 30, 2015.

For the second quarter of 2015, net sales were $151.5 million, an increase of 23.8%, compared to $122.4 million for the second quarter of 2014. Net income in the second quarter of 2015 was $5.9 million, or $0.52 per diluted share, an increase of 73.2% as compared to net income of $3.4 million, or $0.30 per diluted share, in the prior year period.

Gross profit for the second quarter of 2015 was $17.5 million, or 11.6% of net sales, compared to... More