Miller Industries (MLR) Reports Q4 EPS of $1.03

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Miller Industries Reports 2019 Fourth Quarter and Full Year Results

March 4, 2020 4:15 PM EST

CHATTANOOGA, Tenn., March 4, 2020 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the fourth quarter and full-year ended December 31, 2019.

For the fourth quarter of 2019, net sales were $203.1 million, an increase of 12.9%, compared to $180.0 million for the fourth quarter of 2018. Net income in the fourth quarter of 2019 was $11.7 million, or $1.03 per diluted share, an increase of 8.3%, compared to net income of $10.8 million, or $0.95 per diluted share, in the prior year period.

Gross profit for the fourth quarter of 2019 was $26.9 million, or 13.3% of net sales,... More