Miller Industries Q4 revenue falls 23%

Overview

• Towing equipment maker's Q4 revenue fell 22.9% yr/yr

• Net income for Q4 decreased 67.6% yr/yr

• Company completed acquisition of Omars to expand European footprint

Outlook

• Miller Industries expects 2026 revenue between $850 mln and $900 mln

• Production volumes to rise in Q1 and Q2 2026, meeting retail levels by Q3

• Gross margins expected to return to mid-13% range for full year 2026

Company press release: ID:nPnDjzf6a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

• Wall Street's median 12-month price target for Miller Industries Inc is $49.00, about 13.2% above its March 3 closing price of $43.29

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

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