Miller Industries (MLR) Reports Q2 EPS of $0.67 on Revenues of $176.9M

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Go back to Miller Industries (MLR) Reports Q2 EPS of $0.67 on Revenues of $176.9M

Miller Industries Reports 2018 Second Quarter Results

August 8, 2018 4:15 PM EDT

CHATTANOOGA, Tenn., Aug. 8, 2018 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the second quarter ended June 30, 2018.

For the second quarter of 2018, net sales were $176.9 million, an increase of 15.5%, compared to $153.1 million for the second quarter of 2017. Net income in the second quarter of 2018 was $7.6 million, or $0.67 per diluted share, an increase of 40.1%, compared to net income of $5.4 million, or $0.48 per diluted share, in the prior year period.

Gross profit for the second quarter of 2018 was $21.3 million, or 12.0% of net sales, compared to $17.6... More