Miller Industries, Inc. · NYSE:MLR
Miller Industries — Q2 2025 Earnings Presentation
13 slides from Miller Industries's earnings presentation, Aug 6, 2025
Slide 1: The World's Largest Manufacturer of Towing and Recovery Equipment
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 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: Q2 2025 Earnings Presentation
Q2 2025 EARNINGS PRESENTATION Slide 3
Slide 4: Company Profile
MILLER INDUSTRIES COMPANY PROFILE THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT NYSE: MLR LIGHT-DUTY RECOVERY CAR CARRIER SPECIALTY TRANSPORT MEDIUM & HEAVY-DUTY RECOVERY ROTATORS MILITARY RECOVERY FOUNDED IN 1990 HEADQUARTERS - OOLTEWAH, TN OPERATIONS IN TN, PA, ENGLAND AND FRAN
Slide 5: Second Quarter 2025 Key Metrics
MILLER INDUSTRIES SECOND QUARTER 2025 QUARTERLY KEY METRICS Q2 YOY - Decreased 42.4% Q2 ’25 vs Q1 ’25 - Decreased 5.1% REVENUE GROSS PROFIT - 16.2% $214.0M $34.6M NET INCOME - 4.0% $8.5M EPS, DILUTED $0.73 $2.8M CASH RETURNED TO SHAREHOLDERS Slide 5 Q2 YOY - Decreased 32.3% Q2 ’25 vs Q1 ’25 - Increa
Slide 6: Market Overview: 2025 Second Half Outlook
MILLER INDUSTRIES MARKET OVERVIEW 2025 SECOND HALF OUTLOOK ■ INDUSTRY DEMAND HEADWINDS ■ DISTRIBUTOR INVENTORY REDUCTION ■ RETAIL ACTIVITY / ORDER INTAKE ■ PRODUCTION LEVELS ■ COST REDUCTION INITIATIVES ■ CARB / A.C.T. ■ TARIFFS Slide 6
Slide 7: Distributor Body and Chassis Inventory
MILLER INDUSTRIES DISTRIBUTOR BODY AND CHASSIS INVENTORY 3000 3750 4500 5250 6000 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24 Aug '24 Sep '24 Oct '24 Nov '24 Dec '24 Jan '25 Mar '25 Apr '25 May '25 Jun '25 Jul '25 Chassis Inventory Body Inventory Optimal Body Inventory Distributor Invent
Slide 8: Market Overview: 2025 Second Half and Beyond
MILLER INDUSTRIES MARKET OVERVIEW 2025 SECOND HALF AND BEYOND ■ FREE CASH FLOW ■ DEBT REDUCTION ■ COMMERCIAL MARKET RECOVERY ■ MILITARY RFQ’S ■ GROWTH OPPORTUNITIES ■ ENTER 2026 IN A POSITION OF STRENGTH Slide 8
Slide 9: Capital Allocation Strategy
MILLER INDUSTRIES CAPITAL ALLOCATION CAPITAL ALLOCATION STRATEGY ■Quarterly Dividend ■Debt Reduction ■Share Repurchase ■Innovation ■Automation ■Human Capital ■Capacity Expansion Slide 9
Slide 10: 2025 Guidance
MILLER INDUSTRIES 2025 AND BEYOND 2025 GUIDANCE ■ ESTIMATED REVENUE $750M - $800M ■ SUSPENDED EPS GUIDANCE Slide 10
Slide 11: 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 11
Slide 12: Q2 2025 Q&A
MILLER INDUSTRIES Q2 2025 EARNINGS PRESENTATION Q&A Slide 12
Slide 13: Thank You
THANKYOU after INDUSTRIES