Miller Industries, Inc. · NYSE:MLR
Miller Industries — Q3 2025 Earnings Presentation
12 slides from Miller Industries's earnings presentation, Nov 6, 2025
Slide 1: Q3 2025 Investor Presentation
Q3 2025 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
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, AND FRANCE ~1,500 EMPLOY
Slide 4: 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 5: Quarterly Key Metrics
MILLER INDUSTRIES THIRD QUARTER 2025 QUARTERLY KEY METRICS $178.7M $25.3M $3.1M REVENUE GROSS PROFIT - 14.2% NET INCOME - 1.7% Q3 YOY - Decreased 43.1% Q3 YOY - Decreased 39.7% Q3 YOY - Decreased 80.0% Q3 ’25 vs Q2 ’25 - Decreased 16.5% Q3 ’25 vs Q2 ’25 - Decreased 26.8% Q3 ’25 vs Q2 ’25 - Decreased
Slide 6: 4th Quarter Outlook
MILLER INDUSTRIES MARKET OVERVIEW 2025 4TH QUARTER OUTLOOK ■ COST REDUCTION INITIATIVES ■ INDUSTRY DEMAND ■ DISTRIBUTOR INVENTORY ■ PRODUCTION LEVELS ■ TARIFFS
Slide 7: Distributor Body and Chassis Inventory
MILLER INDUSTRIES DISTRIBUTOR BODY AND CHASSIS INVENTORY 6000 Chassis Inventory Body Inventory Optimal Body Inventory 5250 4500 3750 3000 Dec '23 Feb '24 May '24 Aug '24 Nov '24 Jan '25 Apr '25 Jul '25 Oct '25 Distributor Inventory Includes both retail sold and unsold chassis and bodies that have be
Slide 8: 2026 Outlook
MILLER INDUSTRIES MARKET OVERVIEW 2026 OUTLOOK ■ STRONG BALANCE SHEET ■ COMMERCIAL MARKET RECOVERY ■ EUROPEAN GROWTH ■ MILITARY RFQ’S
Slide 9: 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 10: 2025 Guidance
MILLER INDUSTRIES 2025 AND BEYOND ■ REAFFIRM 2025 GUIDANCE 2025 GUIDANCE ■ ESTIMATED REVENUE $750M - $800M ■ 4TH QUARTER REMINDERS (HOLIDAYS & INVENTORY)
Slide 11: Investor Relations Schedule 2025
MILLER INDUSTRIES INVESTOR RELATIONS INVESTOR RELATIONS SCHEDULE 2025 ■ SOUTHWEST IDEAS CONFERENCE NOVEMBER 19-20 ■ ROADSHOWS ■ REACH OUT TO INVESTOR.RELATIONS@MILLERIND.COM FOR MORE INFORMATION
Slide 12: Thank You
THAN K YOU Whiner INDUSTRIES