Miller Industries, Inc. · NYSE:MLR
Miller Industries — Q3 2025 Earnings Presentation
12 slides from Miller Industries's earnings presentation, Nov 5, 2025
Slide 1: The World's Largest Manufacturer of Towing and Recovery Equipment Q3 2025
THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT Q3 2025 INVESTOR PRESENTATION
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 defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “may
Slide 3: Miller Industries Overview
MILLER INDUSTRIES OVERVIEW THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT LIGHT-DUTY RECOVERY CAR CARRIER SPECIALTY TRANSPORT MEDIUM- & HEAVY-DUTY RECOVERY ROTATORS MILITARY RECOVERY NYSE: MLR FOUNDED IN 1990 HEADQUARTERS - OOLTEWAH, TN OPERATIONS IN TN, PA, ENGLAND, AND FRANCE ~1
Slide 4: Miller Industries 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: Third Quarter 2025 Quarterly Key Metrics
MILLER INDUSTRIES THIRD QUARTER 2025 QUARTERLY KEY METRICS Q3 YOY - Decreased 43.1% Q3 ’25 vs Q2 ’25 - Decreased 16.5% REVENUE GROSS PROFIT - 14.2% $178.7M $25.3M NET INCOME - 1.7% $3.1M EPS, DILUTED $0.27 $3.5M CASH RETURNED TO SHAREHOLDERS Q3 YOY - Decreased 39.7% Q3 ’25 vs Q2 ’25 - Decreased 26.8
Slide 6: Market Overview: 2025 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 3000 3750 4500 5250 6000 Dec '23 Feb '24 May '24 Aug '24 Nov '24 Jan '25 Apr '25 Jul '25 Oct '25 Chassis Inventory Body Inventory Optimal Body Inventory Distributor Inventory Includes both retail sold and unsold chassis and bodies that have be
Slide 8: Market Overview: 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 CAPITAL ALLOCATION STRATEGY ■Quarterly Dividend ■Debt Reduction ■Share Repurchase ■M&A Opportunities ■Innovation ■Automation ■Human Capital ■Capacity Expansion
Slide 10: 2025 and Beyond: 2025 Guidance
MILLER INDUSTRIES 2025 AND BEYOND 2025 GUIDANCE ■ REAFFIRM 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
THANK YOU Winer