Miller Industries (MLR) Reports Q4 EPS of $0.38

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Miller Industries Reports 2016 Fourth Quarter And Full Year Results

March 15, 2017 4:15 PM EDT

CHATTANOOGA, Tenn., March 15, 2017 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2016.

For the fourth quarter of 2016, net sales were $148.6 million, an increase of 8.9%, compared to $136.4 million for the fourth quarter of 2015. Net income in the fourth quarter of 2016 was $4.5 million, or $0.38 per diluted share, an increase of 14.8%, compared to net income of $3.9 million, or $0.34 per diluted share, in the prior year period.

Gross profit for the fourth quarter of 2016 was $15.2 million, or 10.2% of net... More