Miller Industries was founded in 1990. Since its inception, the company has provided innovative high quality towing and recovery equipment world wide.

Company profile
Ticker
MLR
Exchange
Website
CEO
Jeffrey Badgley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
APACO, Inc. • Boniface Engineering, Ltd. • Champion Carrier Corporation • Jige International S.A. • Miller/Greeneville, Inc. • Miller Financial Services Group, Inc. • Miller Industries International, Inc. • Miller Industries ...
IRS number
621566286
MLR stock data
News
Calendar
3 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 31.13M | 31.13M | 31.13M | 31.13M | 31.13M | 31.13M |
Cash burn (monthly) | (no burn) | 1.9M | (no burn) | (no burn) | 1.96M | 2.06M |
Cash used (since last report) | n/a | 2.77M | n/a | n/a | 2.86M | 3.01M |
Cash remaining | n/a | 28.36M | n/a | n/a | 28.27M | 28.12M |
Runway (months of cash) | n/a | 14.9 | n/a | n/a | 14.4 | 13.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 22 | Jamison Linden | RSU Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0 | 10,000 |
1 Mar 22 | Jeffrey I Badgley | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,000 | 0 | 30,000 |
1 Mar 22 | Vincent J. Tiano | RSU Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0 | 10,000 |
1 Mar 22 | Josias W. Reyneke | RSU Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0 | 10,000 |
1 Mar 22 | Deborah L Whitmire | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,000 | 0 | 30,000 |
Institutional ownership, Q1 2022
82.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 111 |
Opened positions | 12 |
Closed positions | 12 |
Increased positions | 44 |
Reduced positions | 35 |
13F shares | Current |
---|---|
Total value | 1.01B |
Total shares | 9.41M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Royce & Associates | 1.54M | $43.36M |
Dimensional Fund Advisors | 894.03K | $25.18M |
BLK Blackrock | 780.88K | $21.99M |
Thrivent Financial For Lutherans | 761.24K | $21.44M |
Vanguard | 528.27K | $14.88M |
Hotchkis & Wiley Capital Management | 468.91K | $13.21M |
Mutual Of America Capital Management | 330.64K | $9.31M |
Systematic Financial Management | 317.76K | $8.95M |
STT State Street | 290.14K | $8.17M |
Loomis Sayles & Co L P | 279.27K | $7.86M |
Financial report summary
?Competition
OshkoshRisks
- Our dependence upon outside suppliers for component parts, chassis and raw materials, including aluminum, steel, and petroleum-related products, leaves us subject to changes in price and availability (including as a result of increased demand due to improving economic conditions, the impact of the COVID-19 pandemic and supply chain difficulties) and delays in receiving supplies of such parts, chassis or materials.
- Demand from our customers and towing operators is affected by the availability of capital and access to credit.
- Operational challenges caused by our increased sales volumes in recent years prior to the COVID-19 pandemic could result in material delays, increased costs and loss of business opportunities, which could negatively impact our operating results and financial condition.
- Our international operations are subject to various political, economic and other uncertainties that could adversely affect our business results, including by restrictive taxation or other government regulation and by foreign currency fluctuation.
- Our business is subject to the cyclical nature of our industry and changes in consumer confidence and in economic conditions in general, including the negative impacts of the COVID-19 pandemic on global economies. Adverse changes or continued uncertainty with respect to these factors may lead to a downturn in our business.
- Our sales to U.S. and other governmental entities through prime contractors are subject to special risks.
- Overall demand from our customers may be affected by increases in their fuel and insurance costs and changes in weather conditions.
- Our competitors could impede our ability to attract or retain customers.
- The catastrophic loss of one of our manufacturing facilities could harm our business, financial condition and results of operations.
- Environmental and health and safety liabilities and requirements could require us to incur material costs.
- Failure to comply with domestic and foreign anti-corruption laws could have an adverse effect on our business.
- Our future success depends upon our ability to develop or acquire proprietary products and technology and assertions against us relating to intellectual property rights could harm our business.
- Changes in the tax regimes and related government policies and regulations in the countries in which we operate could adversely affect our results and our effective tax rate.
- The effects of regulations relating to conflict minerals may adversely affect our business.
- A product warranty or product liability claim in excess of our insurance coverage, or an inability to acquire or maintain insurance at commercially reasonable rates, could have a material adverse effect upon our business.
- Our stock price may fluctuate greatly as a result of the general volatility of the stock market.
- Our charter and bylaws contain anti-takeover provisions that may make it more difficult or expensive to acquire us in the future or may negatively affect our stock price.
- Our credit facility could restrict our ability to operate our business and failure to comply with its terms could adversely affect our business; our obligations to repurchase products from third-party lenders to our distributors could adversely impact our future revenues and financial condition.
- We cannot assure you that we will continue to declare dividends on our common stock.
- A disruption in, or breach in security of, our information technology ("IT") systems or any violation of data protection laws could adversely impact our business and operations.
- Any loss of the services of our key executives could have a material adverse impact on our operations.
Management Discussion
- Net sales were $717,476 for the year ended December 31, 2021, compared to $651,286 for the year ended December 31, 2020, an increase of 10.2%. The increase in our revenue stream was largely attributable to not experiencing shutdown periods during 2021 that were necessary during 2020 due to the impact of the COVID-19 pandemic. Net domestic sales increased during the period from $556,540 to $627,573, and net foreign sales decreased from $94,746 to $89,903 during the same period. Net sales during 2021 were adversely impacted by supply chain disruptions throughout the year, which increased work in process and inventories as deliveries of our products were delayed by delays in deliveries of certain critical final component parts from our suppliers, which in turn substantially increased our backlog of orders.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
aircraft, amended, amending, attached, description, director, documentation, entirety, entity, Exhibit, foreseeable, hereto, July, plurality, qualified, Restated, thousand, threat, voting
Removed:
composed, remeasured, sheet
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
3 Aug 22
8-K
Results of Operations and Financial Condition
4 May 22
8-K
Results of Operations and Financial Condition
9 Mar 22
8-K
Departure of Directors or Certain Officers
7 Mar 22
8-K
Results of Operations and Financial Condition
3 Nov 21
8-K
Results of Operations and Financial Condition
4 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
1 Jun 21
8-K
Results of Operations and Financial Condition
5 May 21
8-K
Results of Operations and Financial Condition
3 Mar 21
8-K
Entry into a Material Definitive Agreement
23 Dec 20
Registration and prospectus
S-8
Registration of securities for employees
13 Jul 17
S-8
Registration of securities for employees
27 May 13
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Aug 05
S-8
Registration of securities for employees
11 Aug 05
S-8
Registration of securities for employees
5 May 05
424B3
Prospectus supplement
17 Jun 04
424B3
Prospectus supplement
17 Jun 04
POS AM
Prospectus update (post-effective amendment)
1 Jun 04
S-3
Shelf registration
1 Jun 04
424B3
Prospectus supplement
13 Apr 04
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
5 Jul 10
Ownership
SC 13G/A
MILLER INDUSTRIES / ROYCE & ASSOCIATES ownership change
10 May 22
4
MILLER INDUSTRIES / FRANK MADONIA ownership change
8 Mar 22
4
MILLER INDUSTRIES / William G. Miller II ownership change
7 Mar 22
4
MILLER INDUSTRIES / DEBORAH L WHITMIRE ownership change
4 Mar 22
4
MILLER INDUSTRIES / Josias W. Reyneke ownership change
4 Mar 22
4
MILLER INDUSTRIES / Vincent J. Tiano ownership change
3 Mar 22
4
MILLER INDUSTRIES / JEFFREY I BADGLEY ownership change
3 Mar 22
4
MILLER INDUSTRIES / Jamison Linden ownership change
3 Mar 22
SC 13G/A
MILLER INDUSTRIES / THRIVENT FINANCIAL FOR LUTHERANS ownership change
14 Feb 22
SC 13G
MILLER INDUSTRIES / VANGUARD ownership change
9 Feb 22
Transcripts
2022 Q2
Earnings call transcript
7 Aug 22
2022 Q1
Earnings call transcript
8 May 22
2021 Q4
Earnings call transcript
10 Mar 22
2021 Q3
Earnings call transcript
6 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
4 Mar 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
9 May 20
Reddit threads
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10 Aug 22
Announcements x Daily Discussion for Tuesday, August 09, 2022
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Daily Discussion Thread - August 3rd, 2022
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Daily Discussion Thread - August 2nd, 2022
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Daily Discussion Thread - August 1st, 2022
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Daily Discussion Thread - June 3rd, 2022
3 Jun 22
Daily Discussion Thread - June 2nd, 2022
2 Jun 22
Daily Discussion Thread - June 1st, 2022
1 Jun 22