Miller Industries Q2 Earnings Call Highlights

Miller Industries reported second-quarter 2026 revenue of $240 million, up 12.1% year over year and 32.7% sequentially, attributing the improvement to steady production supporting retail activity and order intake. The towing and recovery equipment maker expects similar quarterly revenue of about $250 million for the rest of the year and reaffirmed full-year revenue guidance of $850 million to $900 million. Gross profit was $35.9 million, or 15% of sales, and net income totaled $7.3 million, with diluted EPS of $0.63 versus $0.05 in Q1. The company cited production efficiency and tighter labor-cost control, though gross profit was affected by a product mix returning toward a normalized balance after elevated distribution-channel inventory. Miller ended the quarter with $65.6 million cash, reduced debt by $20 million since Q1, and returned $4.9 million via dividends and buybacks.