Miller Industries, Inc. · NYSE:MLR
Miller Industries — Q2 2026 Earnings Presentation
28 slides from Miller Industries's earnings presentation, August 2026
Slide 1: The World Leader in Towing and Recovery Equipment - 2026 Investor Presentation
THE WORLD LEADER IN TOWING ® AND RECOVERY EQUIPMENT 2026 INVESTOR PRESENTATION
Slide 2: Scan to Watch a Short Overview Video
SCAN TO WATCH A SHORT OVERVIEW VIDEO ABOUT MILLER INDUSTRIES investor.relations@millerind.com
Slide 3: Fact Sheet
FACT SHEET The World Leader in Towing and Recovery Equipment ® CORPORATE SUMMARY Miller Industries is the world’s largest manufacturer of towing and recovery equipment and markets its towing and recovery equipment under a number of well- recognized brands, including Century, Vulcan, Chevron, Holmes,
Slide 4: Executive Bio
EXECUTIVE BIO The World Leader in Towing and Recovery Equipment ® William G. Miller, II has served as a director since May 2014, our Chief Executive Officer since March 2022 and President since March 2011, after serving as Co-Chief Executive Officer from December 2013 to March 2022 and as a Regional
Slide 5: Product Summary: Light-Duty and Car Carrier
PRODUCT SUMMARY The World Leader in Towing and Recovery Equipment ® LIGHT-DUTY Light-duty wreckers are designed for efficiency and dependability in everyday towing and recovery operations. Built for smaller vehicles like cars, light trucks, and motorcycles, these wreckers offer easy maneuverability
Slide 6: Product Summary: Rotators and Military
PRODUCT SUMMARY The World Leader in Towing and Recovery Equipment ® ROTATORS Rotators (capacity up to 100 tons) are cutting- edge recovery vehicles designed for maximum strength and versatility in the most complex recovery operations. With a rotating boom that offers 360-degree maneuverability, thes
Slide 7: Safe Harbor Statement
Q2 2026 INVESTOR RELATIONS PRESENTATION THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT MILLER INDUSTRIES FORWARD LOOKING STATEMENTS SAFE HARBOR STATEMENT Certain statements in this presentation may be deemed to be forward-looking statements, as defined in the Private Securities Lit
Slide 8: Overview: Company Profile
MILLER INDUSTRIES OVERVIEW THE WORLD’S LARGEST MANUFACTURER OF LIGHT-DUTY RECOVERY CAR CARRIER TOWING AND RECOVERY EQUIPMENT COMPANY PROFILE SPECIALTY TRANSPORT MEDIUM- & HEAVY-DUTY RECOVERY NYSE: MLR FOUNDED IN 1990 HEADQUARTERS - OOLTEWAH, TN OPERATIONS IN TN, PA, ENGLAND, FRANCE, AND ITALY ~1,500
Slide 9: Investment Highlights and Towing & Recovery Market
MILLER INDUSTRIES OVERVIEW INVESTMENT HIGHLIGHTS ■ World Leader in Towing & Recovery ■ Best-in-Class Products & Manufacturing Distribution ■ Consistent Organic Growth ■ Strong Customer Relationships ■ Quarterly Dividend ■ Attractive Financial Metrics ■ Industry Leader in Innovation ■ Experienced Man
Slide 10: Miller Strategy and Experienced Management Team
MILLER INDUSTRIES OVERVIEW MILLER STRATEGY ■ Develop a world-class team from the top down by investing in our employees’ education and career development to enhance the value of the Miller organization ■ Innovate, design, and produce the highest quality products with greater payload and recovery cap
Slide 11: Manufacturing Locations and Product Brands
MILLER INDUSTRIES OVERVIEW MANUFACTURING LOCATIONS Thetford, England Cuneo, Italy Hermitage, PA Greeneville, TN Athens, TN Ooltewah, TN Revigny, France MILLER INDUSTRIES OVERVIEW PRODUCT BRANDS
Slide 12: Sales Channels and International Sales
MILLER INDUSTRIES REVENUE STREAMS SALES ■ North American Distribution ■ Government SALES ■ Export ■ Military ■ European Operations ■ After-Market Parts CHANNELS ■ National Accounts ■ Chassis NORTH AMERICAN COMMERCIAL DISTRIBUTION TOWING OPERATORS ■ 53 Distributor Principals ■ Average Fleet Size 10-1
Slide 13: Capital Allocation: Investment in Manufacturing
MILLER INDUSTRIES CAPITAL ALLOCATION ■ Robotics ■ Cybersecurity & IT Infrastructure INVESTMENT IN OUR BUSINESS ■ Capacity ■ Research & Development ■ Human Capital ■ Vertical Integration ■ ERP System ■ Employee Health & Safety MILLER INDUSTRIES CAPITAL ALLOCATION INVESTMENT IN MANUFACTURING Miller In
Slide 14: Investment in Our People and Growth Opportunities
MILLER INDUSTRIES CAPITAL ALLOCATION INVESTMENT IN OUR PEOPLE Employee Health & Safety Employee Engagement Employee Development Cost-of-living adjustments + Tuition reimbursement Welders supplied with air- annual bonus based on program & Family purifying respirators Company performance for all Schol
Slide 15: Safe Harbor Statement
Q2 2026 INVESTOR PRESENTATION THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT MILLER INDUSTRIES FORWARD LOOKING STATEMENTS SAFE HARBOR STATEMENT Certain statements in this presentation may be deemed to be forward-looking statements, as defined in the Private Securities Litigation Re
Slide 16: Second Quarter 2026 Quarterly Key Metrics
THANK YOU TO OUR GLOBAL TEAM MILLER INDUSTRIES OUR TEAM “ MILLER INDUSTRIES SECOND QUARTER 2026 QUARTERLY KEY METRICS $240.0M $35.9M $7.3M REVENUE GROSS PROFIT - 15.0% NET INCOME - 3.0% Q2 YOY - Increased 12.1% Q2 YOY - Increased 3.9% Q2 YOY - Decreased 14.1% Q2 ’26 vs Q1 ’26 - Increased 32.7% Q2 ’2
Slide 17: 2026 Domestic Market and Export Outlook
MILLER INDUSTRIES DOMESTIC OVERVIEW 2026 DOMESTIC MARKET OUTLOOK ■ POTENTIAL EASING OF GEOPOLITICAL TENSIONS ■ RETAIL ACTIVITY ■ PRODUCTION LEVELS ■ PRODUCT MIX MILLER INDUSTRIES EXPORT OVERVIEW 2026 EXPORT OUTLOOK ■ STRONG BACKLOG ■ JIGE EXPANSION UPDATE ■ BONIFACE FACILITY EFFICIENCY IMPROVEMENTS
Slide 18: Military Activity and Ooltewah Expansion Update
MILLER INDUSTRIES MILITARY MILITARY ACTIVITY ■ PREPARING FOR CONTRACT COMMITMENTS TO BE MANUFACTURED THROUGHOUT 2027-2029 ■ SIGNIFICANT VALUE OF OUTSTANDING RFQS IN PROCESS MILLER INDUSTRIES EXPANSION OOLTEWAH EXPANSION UPDATE ■ SITE WORK SCHEDULED TO BE COMPLETED IN AUGUST OF 2026 ■ PURPOSE-BUILT M
Slide 19: Capital Allocation Strategy and 2026 Guidance
MILLER INDUSTRIES CAPITAL ALLOCATION CAPITAL ALLOCATION STRATEGY ■ QUARTERLY DIVIDEND ■ INNOVATION ■ SHARE REPURCHASE ■ AUTOMATION ■ WORKING CAPITAL ■ HUMAN CAPITAL ■ M&A OPPORTUNITIES ■ CAPACITY EXPANSION MILLER INDUSTRIES GUIDANCE 2026 GUIDANCE ■■ REVENUE $850 - $900M FOR FY2026 REVENUE APPROX. $2
Slide 20: Investor Relations Schedule 2026 - Thank You
MILLER INDUSTRIES INVESTOR RELATIONS INVESTOR RELATIONS SCHEDULE 2026 ■ D.A. DAVIDSON SMALL CAP CONFERENCE ■ THREE PART ADVISORS IDEAS CONFERENCES (CHICAGO AND DALLAS) ■ D.A. DAVIDSON INDUSTRIALS CONFERENCE ■ ROADSHOWS TBD ■ REACH OUT TO INVESTOR.RELATIONS@MILLERIND.COM FOR MORE INFORMATION THANK YO
Slide 21: Miller Industries Reports 2026 Second Quarter Results
I 8503 Hilltop Drive, Ooltewah, TN 37363 Telephone (423) 238-4171 CONTACT: Miller Industries, Inc. Debbie Whitmire, Chief Financial Officer (423) 238-8464 FTI Consulting, Inc. Mike Gaudreau millerind@fticonsulting.com MILLER INDUSTRIES REPORTS 2026 SECOND QUARTER RESULTS Sequential and YoY Revenue G
Slide 22: Press release: management commentary
half of the year, we believe these current production levels are sustainable. I also want to recognize our dedicated operations team for their outstanding execution in controlling labor costs and implementing manufacturing efficiencies. We are carrying those operational improvements forward, positio
Slide 23: 2026 Guidance and Production Outlook
2026 Guidance and Production Outlook The Company is re-affirming its previously issued revenue guidance of $850 million to $900 million for full year 2026 and expects earnings per share to be generally in line with full year 2025 results. Miller Industries expects production volumes to remain steady
Slide 24: Forward-Looking Statements
Forward-Looking Statements Certain statements in this news release may be deemed to be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “could”, “continue”
Slide 25: Condensed Consolidated Statements of Income
MILLER INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 30 June 30 % % 2026 2025 Change 2026 2025 Change NET SALES $ 239,993 $ 214,032 12.1% $ 420,855 $ 439,682 (4.3)% COSTS OF OPE
Slide 26: Condensed Consolidated Balance Sheets
MILLER INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 30, December 31, 2026 2025 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 55,635 $ 44,682 Accounts receivable, net of allowance for credit losses of $1,994 and $1,876 as of June 30, 202
Slide 27: NYSE: MLR
NYSE: MLR
Slide 28: Winer
Winer INDUSTRIES