Miller Industries, Inc. · NYSE:MLR
Miller Industries — Q4 2025 Earnings Presentation
18 slides from Miller Industries's earnings presentation, March 2026
Slide 1: Q4 & Full Year 2025 Investor Presentation
Q4 & FULL YEAR 2025 INVESTOR PRESENTATION THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT
Slide 2: 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: 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: 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: Thank You to Our Devoted Team
THANK YOU TO OUR DEVOTED TEAM RESULTS REFLECT THE ONGOING COMMITMENT AND SUPPORT OF OUR EMPLOYEES, SUPPLIERS, CUSTOMERS, AND SHAREHOLDERS
Slide 6: Fourth Quarter 2025 Quarterly Key Metrics
MILLER INDUSTRIES FOURTH QUARTER 2025 QUARTERLY KEY METRICS $171.2M $26.5M $3.4M REVENUE GROSS PROFIT - 15.5% NET INCOME - 2.0% Q4 YOY - Decreased 22.9% Q4 YOY - Decreased 20.7% Q4 YOY - Decreased 67.6% Q4 ’25 vs Q3 ’25 - Decreased 4.6% Q4 ’25 vs Q3 ’25 - Increased 4.7% Q4 ’25 vs Q3 ’25 - Increased
Slide 7: Full Year 2025 Key Metrics
MILLER INDUSTRIES FULL YEAR 2025 FY 2025 KEY METRICS $790.3M $120.4M $23.0M REVENUE GROSS PROFIT - 15.2% NET INCOME - 2.9% YOY - Decreased 37.2% YOY - Decreased 29.5% YOY - Decreased 63.8% $1.98 $15.1M 5.6% EPS, DILUTED CASH RETURNED TO SHAREHOLDERS RETURN ON EQUITY (TTM) YOY - Decreased 63.8% DIVID
Slide 8: 2026 Domestic Market Outlook
MILLER INDUSTRIES MARKET OVERVIEW 2026 DOMESTIC MARKET OUTLOOK ■ DISTRIBUTOR INVENTORY ■ SALES ORDER ENTRY ■ PRODUCTION LEVELS ■ CHASSIS SALES
Slide 9: 2026 Export Outlook
MILLER INDUSTRIES EXPORT OVERVIEW 2026 EXPORT OUTLOOK ■ EUROPEAN GROWTH ■ OMARS ACQUISITION ■ JIGE EXPANSION ■ BONIFACE FACILITY IMPROVEMENTS ■ MILITARY RFQ’S
Slide 10: Omars Acquisition
MILLER INDUSTRIES EXPORT OMARS ACQUISITION ■ PREMIER MANUFACTURER IN ITALY ■ NEW SALES CHANNELS AND DISTRIBUTION ■ ESSENTIAL TO OUR LONG-TERM GROWTH IN THE EUROPEAN MARKET
Slide 11: €8 Million Expansion at Jige
MILLER INDUSTRIES €8 MILLION EXPANSION AT JIGE EXPORT ■ Double heavy duty integration capacity at Jige ■ Requires Ooltewah facility to increase center-section production to supply Boniface, Jige, and Omars with production to meet consumer demand.
Slide 12: Military Activity
MILLER INDUSTRIES EXPORT MILITARY ACTIVITY ■ $150M+ IN COMMITMENTS TO BE MANUFACTURED THROUGHOUT 2027-2029 ■ SIGNIFICANT VALUE OF OUTSTANDING RFQ’S IN PROCESS
Slide 13: Ooltewah Expansion Update
MILLER INDUSTRIES EXPANSION OOLTEWAH EXPANSION UPDATE ■ Estimated $100m expansion to increase production and improve manufacturing ef ciency ■ Estimated completion late 2027 fi
Slide 14: Ooltewah Expansion Update
MILLER INDUSTRIES EXPANSION OOLTEWAH EXPANSION UPDATE ■ Capital Expenditures to increase throughout 2026 & 2027, funded mostly through operating cash ow fl
Slide 15: 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 16: 2026 Guidance
MILLER INDUSTRIES GUIDANCE ■REVENUE $850 - $900M FOR FY 2026 2026 GUIDANCE ■REVENUE RAMPING TOWARDS $250M PER QUARTER FOR Q3 AND Q4 IN 2026 ■ESTIMATED GROSS MARGIN ~ 13%
Slide 17: 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 18: Thank You
THANKYOU afer