Miller Industries (MLR) Reports Q1 EPS of $0.28 on Revenues of $169.9M

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Go back to Miller Industries (MLR) Reports Q1 EPS of $0.28 on Revenues of $169.9M

Miller Industries Reports 2021 First Quarter Results

May 5, 2021 4:15 PM EDT

CHATTANOOGA, Tenn., May 5, 2021 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the first quarter ended March 31, 2021.

For the first quarter of 2021, net sales were $169.9 million, a decrease of 3.5%, compared to $176.1 million for the first quarter of 2020. Net income in the first quarter of 2021 was $3.2 million, or $0.28 per share, a decrease of 41.5%, compared to net income of $5.4 million, or $0.48 per share, in the prior year period. 

Gross profit for the first quarter of 2021 was $15.8 million, or 9.3% of net sales, compared to $18.5 million, or 10.5% of... More