Miller Industries (MLR) Reports Q4 EPS of $0.24

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MILLER INDUSTRIES REPORTS 2021 FOURTH QUARTER AND FULL YEAR RESULTS

March 9, 2022 4:05 PM EST

CHATTANOOGA, Tenn., March 9, 2022 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2021.

For the fourth quarter of 2021, net sales were $201.7 million, an increase of 13.1%, compared to $178.3 million for the fourth quarter of 2020. Net income in the fourth quarter of 2021 was $2.7 million, or $0.24 per share, a decrease of 77.4%, compared to net income of $12.0 million, or $1.05 per share, in the prior year period.

Gross profit for the fourth quarter of 2021 was $15.6 million, or 7.7% of net sales, compared to... More