Miller Industries (MLR) Reports Q2 EPS of $0.58

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Go back to Miller Industries (MLR) Reports Q2 EPS of $0.58

Miller Industries Reports 2016 Second Quarter Results

August 3, 2016 4:30 PM EDT

CHATTANOOGA, Tenn., Aug. 3, 2016 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the second quarter ended June 30, 2016.

For the second quarter of 2016, net sales were $156.1 million, an increase of 3.0%, compared to $151.5 million for the second quarter of 2015. Net income in the second quarter of 2016 was $6.6 million, or $0.58 per diluted share, compared to net income of $5.9 million, or $0.52 per diluted share, in the prior year period.

Gross profit for the second quarter of 2016 was $19.0 million, or 12.2% of net sales, compared to $17.5 million, or 11.6% of net... More