Miller Industries (MLR) Q2 EPS Soars Y/Y on High Production Volumes
Miller Industries(MLR) ZACKS·2024-08-09 01:30
Miller Industries, Inc. (MLR) reported a robust performance in the second quarter of 2024, with earnings per share (EPS) rising to $1.78, marking a 37.7% increase compared to $1.29 in the second quarter of 2023. Revenues also saw a significant uptick, climbing 23.7% year over year to $371.5 million from $300.3 million. This growth is attributed primarily to increased production volumes and consistent demand, alongside sustained elevated OEM chassis deliveries. The company has managed to decrease its backlog ...