CHATTANOOGA, Tenn., Nov. 5, 2025 /PRNewswire/ — Miller Industries, Inc. (NYSE: MLR) (“Miller Industries” or the “Company”) lately introduced monetary effects for the 3rd quarter ended September 30, 2025.

For the 3rd quarter of 2025, internet gross sales had been $178.7 million, a scale down of 43.1%, in comparison to $314.3 million for the 3rd quarter of 2024. Homogeneous to the former quarter, the scale down used to be pushed basically by way of a fade in chassis shipments, that have been increased within the prior yr length as unedited apparatus producers (“OEMs”) recovered from provide chain disruptions.

Rude benefit for the 3rd quarter of 2025 used to be $25.3 million, or 14.2% of internet gross sales, in comparison to $42.0 million, or 13.4% of internet gross sales, for the 3rd quarter of 2024. The year-over-year building up in rude margin share used to be pushed in large part by way of product combine, which shifted from the next share of chassis within the prior yr length, to the next share of gadgets within the new quarter.

For the 3rd quarter of 2025, promoting, basic and administrative bills had been $21.2 million, or 11.9% of internet gross sales, in comparison to $22.3 million, or 7.1% of internet gross sales, within the prior yr length. The year-over-year scale down used to be pushed basically by way of value financial savings projects and decrease government repayment bills. This used to be partly offset by way of one-time prices connected to an enhanced leaving program the Corporate presented to all U.S. staff elderly 65 and above all the way through the 3rd quarter of 2025. The Corporate identified a $0.9 million expense within the 3rd quarter of 2025 connected to the leaving program. The whole internet monetary affect of this system used to be $2.7 million, the residue of which the Corporate expects to acknowledge within the fourth quarter of 2025.

Internet source of revenue within the 3rd quarter of 2025 used to be $3.1 million, or $0.27 in line with diluted proportion, decreases of 80.0% in comparison to internet source of revenue of $15.4 million, or $1.33 in line with diluted proportion, within the prior yr length.

The Corporate additionally introduced that its Board of Administrators has declared a quarterly money dividend of $0.20 in line with proportion, payable December 9, 2025, to shareholders of file on the akin of commercial on December 2, 2025, the 60th consecutive quarter that the Corporate has paid a dividend.

“Third-quarter revenue was in-line with our expectations, as industry-wide demand headwinds continued to weigh on results,” stated William G. Miller II, Well-known Government Officer of the Corporate. “We took decisive action in the third quarter to support our bottom line, including strategically decreasing production to reduce field inventory, right-sizing our costs for the current environment, and securing our supply chain to mitigate the long-term impacts of tariffs. This included the incredibly difficult decision we made to implement a reduction in workforce, which was announced in August as part of our comprehensive cost reduction plan. With the proactive steps we are taking, we are confident that we will be well positioned to capitalize on opportunities as the market environment improves.”

Mr. Miller II, concluded, “We are focused on the aspects of our business that we can control and will continue to prioritize disciplined and balanced capital allocation as our cash conversion improves. We executed approximately $1.2 million in share repurchases, which, when combined with our dividend, resulted in approximately $3.5 million returned to shareholders during the quarter. In addition, we also reduced our debt balance by $10 million during the quarter, and an additional $10 million in October. With strong interest in the global military market, field inventory that is returning toward more normalized levels, and an improved cost-structure, we continue to believe we will enter 2026 from a position of strength.”

2025 Steering

The Corporate is re-affirming its up to now issued earnings steerage of $750 to $800 million for the 2025 fiscal yr.

The statements within the 2025 steerage equipped above are ahead browsing. Latest effects might vary materially. See our cautionary word relating to “forward-looking statements” underneath.

The Corporate will host a convention name, which might be concurrently broadcast are living over the Web. The decision is scheduled for the next day, November 6, 2025, at 10:00 AM ET. Listeners can get entry to the convention name are living and archived over the Web via please see hyperlink:

https://app.webinar.net/qb6LAMVzyxX

Please permit quarter-hour previous to the decision to discuss with the website online, obtain, and set up any essential audio device. A replay of this name might be to be had roughly one while upcoming the are living name ends via Thursday, November 13, 2025. The replay quantity is 1-844-512-2921, Passcode 1178343

About Miller Industries, Inc.

Miller Industries is The International’s Biggest Producer of Towing and Healing Apparatus®, and markets its towing and cure apparatus beneath various well-recognized manufacturers, together with Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Titan® and Eagle®.

Sure statements on this information let fall is also deemed to be forward-looking statements, as outlined within the Personal Securities Litigation Reform Employment of 1995. Ahead-looking statements will also be recognized by way of the virtue of phrases corresponding to “may”, “will”, “should”, “could”, “continue”, “future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate” and indistinguishable expressions, or the damaging of such phrases, or alternative related terminology and come with, with out limitation, any statements referring to our 2025 steerage (together with beneath the heading “2025 Guidance”), our skill to successfully track and modify manufacturing ranges to satisfy new call for and boost up the aid of channel stock, the good fortune of steps we might shoot to toughen our prices, our skill to stock our provide chain to mitigate the long-term dangers of price lists, the expansion and impact of the drivers of our long-term trade efficiency, the possible growth of our marketplace order and cure of the economic marketplace, our generation manufacturing capability enlargement plans, our priorities for the residue of 2025 when it comes to operational potency and capital allocation, and any attainable upside from pending army pledges and their attainable impact on earnings and profits enlargement. Alternatively, the absence of those phrases or indistinguishable expressions does no longer ruthless {that a} remark isn’t forward-looking. Ahead-looking statements additionally come with the guesses underlying or when it comes to any of the foregoing statements. Such forward-looking statements are made in line with our control’s ideals in addition to guesses made by way of, and data recently to be had to, our control. Our fresh effects might vary materially from the effects expected in those forward-looking statements because of, amongst alternative issues: our dependence upon out of doors providers for constituent portions, chassis and uncooked fabrics, together with aluminum, metal, and petroleum-related merchandise leaves us matter to adjustments in worth and availability, the cadence and dozen of deliveries from our providers, and delays in receiving provides of such fabrics, constituent portions or chassis; our consumers’ and towing operators’ get entry to to capital and credit score to investmrent purchases; the implementation of pristine or greater price lists and any ensuing business wars and any ensuing macroeconomic indecision; the emerging prices of apparatus possession, together with proceeding will increase in insurance coverage premiums and increased rates of interest that experience added value pressures to our finish customers, and fluctuations within the worth of impaired vans; macroeconomic traits, availability of financing, and converting rates of interest; our consumers’ skill to investmrent purchases of our merchandise will increase in the price of professional exertions; the cyclical nature of our business and adjustments in client self belief and in financial situations basically; particular dangers from our gross sales to U.S. and alternative governmental entities via high contractors; adjustments in gasoline and alternative transportation prices, insurance coverage prices and climate situations; adjustments in govt rules, together with environmental and condition and protection rules; failure to conform to home and overseas anti-corruption regulations; festival in our business and our skill to draw or conserve consumers; our skill to create or gain proprietary merchandise and era; assertions towards us when it comes to highbrow trait rights; adjustments within the tax regimes and connected govt insurance policies and rules within the international locations through which we perform; the consequences of rules when it comes to struggle minerals; the miserable lack of one in all our production amenities; environmental and condition and protection liabilities and necessities; lack of the products and services of our key executives; product guaranty or product legal responsibility claims in abundance of our insurance policy; attainable recollects of elements or portions manufactured for us by way of providers or attainable recollects of faulty merchandise; an lack of ability to obtain insurance coverage at commercially affordable charges; a disruption in, or breach in safety of, our data era programs or any violation of knowledge coverage regulations; and the ones alternative dangers mentioned in our filings with the Securities and Alternate Fee, together with the ones dangers mentioned beneath the caption “Risk Factors” in our Annual Document on Method 10-Okay for the yr ended December 31, 2024 and next Quarterly Studies on Method 10-Q, which dialogue is included herein by way of this reference. Such components don’t seem to be unique. We don’t adopt to replace any forward-looking remark that can be constructed from moment to moment by way of, or in the name of, the Corporate.

SOURCE Miller Industries, Inc.