Miller Industries, Inc. · NYSE:MLR
Miller Industries — Q1 2026 Earnings Presentation
17 slides from Miller Industries's earnings presentation, May 2026
Slide 1: Q1 2026 Investor Presentation
Q1 2026 INVESTOR PRESENTATION THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT
Slide 2: Forward Looking Statements - Safe Harbor Statement
MILLER INDUSTRIES FORWARD LOOKING STATEMENTS SAFE HARBOR STATEMENT Certain statements in this presentation may be deemed to be forward-looking statements, as de ned in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identi ed by the use of words such as “may”,
Slide 3: Overview: The World's Largest Manufacturer of Towing and Recovery Equipment
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 4: Middle East Conflict
MILLER INDUSTRIES OVERVIEW MIDDLE EAST CONFLICT Texas ■ DIMINISHED CONSUMER CONFIDENCE ■ GEOPOLITICAL TENSIONS ■ INCREASED GLOBAL DIESEL PRICE ~35-40% California ■ REDUCED WEEKLY RETAIL DELIVERIES ■ INCREASING DISTRIBUTOR INVENTORY LEVELS ■ PAUSED NORTH AMERICAN PRODUCTION RAMP-UP UK
Slide 5: Core Philosophy
MILLER INDUSTRIES CORE PHILOSOPHY “ WE HAVE THE BEST PEOPLE, THE BEST PRODUCTS, AND THE BEST DISTRIBUTION NETWORK IN THE TOWING AND RECOVERY INDUSTRY.” - BILL MILLER - 1990
Slide 6: Thank You to Our Global Team
MILLER INDUSTRIES OUR TEAM THANK YOU TO OUR GLOBAL TEAM “
Slide 7: First Quarter 2026 Quarterly Key Metrics
MILLER INDUSTRIES FIRST QUARTER 2026 QUARTERLY KEY METRICS $180.9M $25.7M $0.56M REVENUE GROSS PROFIT - 14.2% NET INCOME - 0.3% Q1 YOY - Decreased 19.9% Q1 YOY - Decreased 24.3% Q1 YOY - Decreased 93.1% Q1 ’26 vs Q4 ’25 - Increased 5.7% Q1 ’26 vs Q4 ’25 - Decreased 3.2% Q1 ’26 vs Q4 ’25 - Decreased
Slide 8: 2026 Domestic Market Outlook
MILLER INDUSTRIES MARKET OVERVIEW 2026 DOMESTIC MARKET OUTLOOK ■ POTENTIAL EASING OF GEOPOLITICAL TENSIONS ■ RETAIL ACTIVITY ■ PRODUCTION LEVELS ■ PRICE INCREASE ■ CHASSIS SALES
Slide 9: 2026 Export Outlook
MILLER INDUSTRIES EXPORT OVERVIEW 2026 EXPORT OUTLOOK ■ STRONG BACKLOG ■ JIGE EXPANSION UPDATE ■ BONIFACE FACILITY EFFICIENCY IMPROVEMENTS ■ OMARS INTEGRATION
Slide 10: Export Military Activity
MILLER INDUSTRIES EXPORT MILITARY ACTIVITY ■ PREPARING FOR CONTRACT COMMITMENTS TO BE MANUFACTURED THROUGHOUT 2027-2029 ■ SIGNIFICANT VALUE OF OUTSTANDING RFQS IN PROCESS
Slide 11: Ooltewah Expansion Update
MILLER INDUSTRIES EXPANSION OOLTEWAH EXPANSION UPDATE ■ SITE WORK SCHEDULED TO BE COMPLETED IN JULY OF 2026 ■ PURPOSE-BUILT MANUFACTURING FACILITY IN FINAL ENGINEERING PHASE ■ BUILDING CONSTRUCTION TO BEGIN LATE SUMMER 2026 ■ CAPITAL EXPENDITURES TO INCREASE THROUGHOUT 2026 & 2027, VAST MAJORITY FUN
Slide 12: Capital Allocation Strategy
MILLER INDUSTRIES CAPITAL ALLOCATION ■ QUARTERLY DIVIDEND ■ INNOVATION CAPITAL ALLOCATION STRATEGY ■ DEBT REDUCTION ■ AUTOMATION ■ SHARE REPURCHASE ■ HUMAN CAPITAL ■ M&A OPPORTUNITIES ■ CAPACITY EXPANSION
Slide 13: 2026 Guidance
MILLER INDUSTRIES GUIDANCE ■ REVENUE $850 - $900M FOR FY 2026 ■ FY2026 EPS IN LINE WITH FY2025 2026 GUIDANCE ■ REVENUE INCREASING TOWARDS ■ FY2026 GROSS MARGIN MID-13% $250M PER QUARTER FOR Q3 AND Q4 IN 2026
Slide 14: Investor Relations Schedule 2026
MILLER INDUSTRIES INVESTOR RELATIONS INVESTOR RELATIONS SCHEDULE 2026 ■ THREE PART ADVISORS IDEAS CONFERENCES (NY, CHI, AND DAL) ■ D.A. DAVIDSON INDUSTRIALS CONFERENCE ■ ROADSHOWS TBD ■ REACH OUT TO INVESTOR.RELATIONS@MILLERIND.COM FOR MORE INFORMATION
Slide 15: The World's Largest Manufacturer of Towing and Recovery Equipment
THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT
Slide 16: Q&A
MILLER INDUSTRIES Q1 2026 EARNINGS PRESENTATION Q&A
Slide 17: Thank You
THANK YOU