Research Reports

Summary

Miller Industries, Inc. reported Q4 2025 revenue of $171.2 million, down 22.9% from $221.9 million in Q4 2024, and full year 2025 revenue of $790.3 million, down 37.2% from $1,257.5 million. The company completed the acquisition of Omars-S.p.A., secured over $150 million in military commitments, approved a 5% dividend increase to $0.21 per share, and issued 2026 revenue guidance of $850-$900 million.

Key takeaways

Q4 2025 revenue $171.2 million (-22.9% YoY), net income $3.4 million (-67.6% YoY), diluted EPS $0.29
Full year 2025 revenue $790.3 million (-37.2% YoY), net income $23.0 million (-63.8% YoY), diluted EPS $1.98
Completed acquisition of Omars-S.p.A., Italian manufacturer of recovery vehicles
Secured more than $150 million in global military commitments, production starting 2027
Board approved quarterly dividend of $0.21 per share (5% increase), payable March 23, 2026 to record March 16, 2026
2026 revenue guidance $850-$900 million, gross margin mid-13% range
Announced $100 million Ooltewah facility expansion, production-ready late 2027