Cash flow Miller Industries, Inc.

Equities

MLR

US6005512040

Auto, Truck & Motorcycle Parts

Market Closed - Nyse Other stock markets 16:00:02 2025-12-12 EST			5-day change	1st Jan Change
39.11 ^USD	+0.10%		+2.44%	-40.16%

12-02	Miller Industries announces acquisition of Omars	RE
11-07	Miller Industries, Inc., Q3 2025 Earnings Call, Nov 06, 2025

a812498251478.7F-qPXKq5Lw4J7OHJOcHMTU-MfsntQlWv8Qv2W13mDY.vArwdyeH1uRgc4byaNFwXU9NUMwXhmI-iqBFkx0V62G1POhtQ-G75lxL1A

Published financial data: MILLER INDUSTRIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	651M	717M	848M	1.15B	1.26B
Total Revenues	651M	717M	848M	1.15B	1.26B
Cost of Goods Sold, Total	573M	648M	766M	1B	1.09B
Gross Profit	78.36M	69.85M	82.42M	152M	171M
Selling General & Admin Expenses, Total	35M	42.67M	52.83M	73.09M	86.32M
R&D Expenses	4.72M	3.56M	-	-	-
Other Operating Expenses, Total	39.71M	46.23M	52.83M	73.09M	86.32M
Operating Income	38.64M	23.62M	29.59M	78.77M	84.48M
Interest Expense, Total	-1.22M	-1.36M	-3.38M	-5.97M	-9.83M
Interest And Investment Income	-	-	-	-	5.9M
Net Interest Expenses	-1.22M	-1.36M	-3.38M	-5.97M	-3.93M
Currency Exchange Gains (Loss)	685K	-536K	-669K	800K	-600K
Other Non Operating Income (Expenses)	-	-	135K	-60K	303K
EBT, Excl. Unusual Items	38.11M	21.73M	25.68M	73.53M	80.26M
Gain (Loss) On Sale Of Assets	-17K	38K	53K	251K	-128K
EBT, Incl. Unusual Items	38.1M	21.77M	25.73M	73.78M	80.13M
Income Tax Expense	8.27M	5.51M	5.39M	15.49M	16.64M
Earnings From Continuing Operations	29.83M	16.26M	20.35M	58.29M	63.49M
Net Income to Company	29.83M	16.26M	20.35M	58.29M	63.49M
Net Income - (IS)	29.83M	16.26M	20.35M	58.29M	63.49M
Net Income to Common Incl Extra Items	29.83M	16.26M	20.35M	58.29M	63.49M
Net Income to Common Excl. Extra Items	29.83M	16.26M	20.35M	58.29M	63.49M
Per Share Items
Net EPS - Basic	2.62	1.42	1.78	5.1	5.55
Basic EPS - Continuing Operations	2.62	1.42	1.78	5.1	5.55
Basic Weighted Average Shares Outstanding	11.4M	11.41M	11.42M	11.44M	11.45M
Net EPS - Diluted	2.62	1.42	1.78	5.07	5.47
Diluted EPS - Continuing Operations	2.62	1.42	1.78	5.07	5.47
Diluted Weighted Average Shares Outstanding	11.4M	11.41M	11.42M	11.51M	11.6M
Normalized Basic EPS	2.09	1.19	1.41	4.02	4.38
Normalized Diluted EPS	2.09	1.19	1.41	3.99	4.32
Dividend Per Share	0.72	0.72	0.72	0.72	0.76
Payout Ratio	27.53	50.54	40.4	14.15	13.74
Supplemental Items
EBITDA	48.24M	34.66M	41.35M	92.01M	98.55M
EBITA	38.64M	23.62M	29.59M	78.77M	84.48M
EBIT	38.64M	23.62M	29.59M	78.77M	84.48M
EBITDAR	49.2M	35.57M	42.74M	92.74M	99.71M
Effective Tax Rate - (Ratio)	21.7	25.32	20.93	21	20.76
Current Domestic Taxes	5.2M	1.47M	3.4M	15.49M	15.9M
Current Foreign Taxes	2.34M	3.02M	920K	2.18M	1.91M
Total Current Taxes	7.54M	4.48M	4.32M	17.67M	17.81M
Deferred Domestic Taxes	743K	994K	981K	-2.11M	-1.15M
Deferred Foreign Taxes	-15K	32K	80K	-74K	-23K
Total Deferred Taxes	728K	1.03M	1.06M	-2.18M	-1.17M
Normalized Net Income	23.82M	13.58M	16.05M	45.96M	50.16M
Interest on Long-Term Debt	237K	76K	1.09M	3.4M	4.2M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	1.18M	-
Research And Development Expense From Footnotes	4.72M	3.56M	4.03M	6M	6.2M
Net Rental Expense, Total	957K	912K	1.38M	733K	1.16M
Imputed Operating Lease Interest Expense	2.17M	7.18M	1.58M	656K	1.44M
Imputed Operating Lease Depreciation	-1.21M	-6.27M	-202K	76.58K	-282K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	1.18M	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	943K	-	3.03M
Stock-Based Comp., Other (Total)	194K	200K	-	-	-
Total Stock-Based Compensation	194K	200K	943K	1.18M	3.03M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	57.52M	54.33M	40.15M	29.91M	24.34M
Total Cash And Short Term Investments	57.52M	54.33M	40.15M	29.91M	24.34M
Accounts Receivable, Total	142M	154M	178M	286M	313M
Total Receivables	142M	154M	178M	286M	313M
Inventory	83.94M	115M	154M	190M	186M
Prepaid Expenses	3.17M	5.75M	4.58M	4.62M	5.85M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	286M	329M	376M	510M	530M
Gross Property Plant And Equipment	170M	178M	203M	218M	233M
Accumulated Depreciation	-69.94M	-80.07M	-90.24M	-102M	-116M
Net Property Plant And Equipment	100M	97.73M	113M	116M	117M
Goodwill	11.62M	11.62M	11.62M	20.02M	20M
Other Long-Term Assets, Total	434K	533K	708K	819K	727K
Total Assets	398M	439M	501M	647M	667M
Liabilities
Accounts Payable, Total	85.53M	119M	126M	192M	146M
Accrued Expenses, Total	19.24M	19.7M	25.81M	32.08M	42.7M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	375K	376K	311K	320K	318K
Current Income Taxes Payable	2.16M	2.09M	2.43M	1.82M	1.08M
Unearned Revenue Current, Total	-	-	-	5.9M	4.41M
Other Current Liabilities	3.37M	3.08M	2.1M	2.81M	3.51M
Total Current Liabilities	111M	144M	156M	235M	198M
Long-Term Debt	-	-	45M	60M	65M
Long-Term Leases	1.13M	870K	597K	506K	227K
Deferred Tax Liability Non Current	4.14M	5.17M	6.23M	4.07M	2.88M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	116M	150M	208M	299M	266M
Common Stock, Total	114K	114K	114K	114K	114K
Additional Paid In Capital	151M	151M	152M	154M	154M
Retained Earnings	134M	142M	150M	200M	255M
Comprehensive Income and Other	-2.79M	-4.94M	-9.17M	-5.93M	-7.73M
Total Common Equity	282M	289M	293M	348M	401M
Total Equity	282M	289M	293M	348M	401M
Total Liabilities And Equity	398M	439M	501M	647M	667M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.41M	11.42M	11.42M	11.45M	11.44M
ECS Total Common Shares Outstanding	11.41M	11.41M	11.42M	11.45M	11.44M
Book Value / Share	24.76	25.29	25.7	30.4	35.06
Tangible Book Value	271M	277M	282M	328M	381M
Tangible Book Value Per Share	23.75	24.27	24.69	28.65	33.31
Total Debt	1.51M	1.25M	45.91M	60.83M	65.54M
Net Debt	-56.02M	-53.09M	5.76M	30.92M	41.21M
Debt Equivalent Oper. Leases	7.66M	7.3M	11.05M	5.86M	9.24M
Account Code - Inventory Valuation	5	6	6	6	6
Inventories - Raw Materials, Total	36.16M	59.65M	75.93M	89.05M	77.36M
Inventories - Work In Process, Total	16.28M	33.99M	40.66M	47.93M	48.25M
Inventories - Finished Goods, Total	31.5M	21.26M	37.07M	52.82M	60.56M
Land - (BS)	13.96M	15.5M	16.86M	19.6M	22.58M
Buildings, Total	83.32M	79.3M	83.22M	86.35M	85.99M
Machinery, Total	64.95M	71.39M	91.41M	99.81M	108M
Full Time Employees	1.25K	1.42K	1.44K	1.8K	1.69K
Part Time Employees	26	29	15	16	21
Accumulated Allowance for Doubtful Accounts (Supple)	1.3M	1.16M	1.32M	1.53M	1.85M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	29.83M	16.26M	20.35M	58.29M	63.49M
Depreciation & Amortization - CF	9.6M	11.04M	11.76M	13.24M	14.07M
Depreciation & Amortization, Total	9.6M	11.04M	11.76M	13.24M	14.07M
(Gain) Loss From Sale Of Asset	17K	-38K	-53K	-251K	128K
Stock-Based Compensation (CF)	194K	200K	943K	1.18M	3.03M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	195K	-137K	174K	203K	325K
Other Operating Activities, Total	752K	1.01M	1.06M	-2.18M	-1.17M
Change In Accounts Receivable	27.38M	-12.72M	-24.34M	-106M	-28.15M
Change In Inventories	5.47M	-32.07M	-40.75M	-30.42M	2.18M
Change In Accounts Payable	-10.88M	33.94M	4.48M	64.94M	-45.43M
Change In Income Taxes	-	-	929K	451K	-317K
Change in Other Net Operating Assets	-1.84M	-2.2M	6.29M	11.11M	8.71M
Cash from Operations	60.71M	15.27M	-19.16M	10.96M	16.87M
Capital Expenditure	-17.5M	-9.15M	-28.94M	-12.1M	-15.35M
Sale of Property, Plant, and Equipment	276K	91K	8K	398K	59K
Cash Acquisitions	-	-	-	-17.38M	24K
Cash from Investing	-17.22M	-9.06M	-28.93M	-29.08M	-15.27M
Long-Term Debt Issued, Total	-	-	45M	15M	5M
Total Debt Issued	-	-	45M	15M	5M
Long-Term Debt Repaid, Total	-5.42M	-22K	-15K	-	-
Total Debt Repaid	-5.42M	-22K	-15K	-	-
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-2.9M
Common Dividends Paid	-8.21M	-8.22M	-8.22M	-8.25M	-8.72M
Common & Preferred Stock Dividends Paid	-8.21M	-8.22M	-8.22M	-8.25M	-8.72M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-13.63M	-8.24M	36.76M	6.75M	-6.62M
Foreign Exchange Rate Adjustments	1.6M	-1.16M	-2.86M	1.12M	-554K
Net Change in Cash	31.45M	-3.19M	-14.18M	-10.24M	-5.57M
Supplemental Items
Cash Interest Paid	2.05M	1.57M	3.33M	8.09M	9.71M
Cash Income Tax Paid (Refund)	6.72M	5.89M	1.81M	18.05M	23.7M
Levered Free Cash Flow	35.06M	3.7M	-51.89M	-18.28M	-13.3M
Unlevered Free Cash Flow	35.82M	4.55M	-49.78M	-14.55M	-7.16M
Change In Net Working Capital	-19.38M	12.3M	52.04M	66.11M	61.71M
Net Debt Issued / Repaid	-5.42M	-22K	44.98M	15M	5M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.11	3.53	3.94	8.57	8.04
Return on Total Capital	8.8	5.15	5.92	13.16	12.06
Return On Equity %	11.04	5.69	7.04	18.18	16.96
Return on Common Equity	11.04	5.69	7.04	18.18	16.96
Margin Analysis
Gross Profit Margin %	12.03	9.74	9.71	13.17	13.58
SG&A Margin	5.37	5.95	6.23	6.34	6.86
EBITDA Margin %	7.41	4.83	4.87	7.98	7.84
EBITA Margin %	5.93	3.29	3.49	6.83	6.72
EBIT Margin %	5.93	3.29	3.49	6.83	6.72
Income From Continuing Operations Margin %	4.58	2.27	2.4	5.05	5.05
Net Income Margin %	4.58	2.27	2.4	5.05	5.05
Net Avail. For Common Margin %	4.58	2.27	2.4	5.05	5.05
Normalized Net Income Margin	3.66	1.89	1.89	3.98	3.99
Levered Free Cash Flow Margin	5.38	0.52	-6.12	-1.59	-1.06
Unlevered Free Cash Flow Margin	5.5	0.63	-5.87	-1.26	-0.57
Asset Turnover
Asset Turnover	1.65	1.71	1.81	2.01	1.91
Fixed Assets Turnover	6.77	7.25	8.1	10.08	10.82
Receivables Turnover (Average Receivables)	4.2	4.85	5.12	4.97	4.19
Inventory Turnover (Average Inventory)	6.67	6.51	5.7	5.83	5.78
Short Term Liquidity
Current Ratio	2.59	2.28	2.41	2.17	2.68
Quick Ratio	1.8	1.44	1.39	1.35	1.71
Operating Cash Flow to Current Liabilities	0.55	0.11	-0.12	0.05	0.09
Days Sales Outstanding (Average Receivables)	87.18	75.19	71.33	73.39	87.25
Days Outstanding Inventory (Average Inventory)	54.91	56.03	63.98	62.59	63.31
Average Days Payable Outstanding	58.31	55.01	56.07	55.8	57.05
Cash Conversion Cycle (Average Days)	83.77	76.21	79.25	80.17	93.52
Long Term Solvency
Total Debt/Equity	0.53	0.43	15.64	17.48	16.34
Total Debt / Total Capital	0.53	0.43	13.53	14.88	14.05
LT Debt/Equity	0.4	0.3	15.54	17.39	16.26
Long-Term Debt / Total Capital	0.4	0.3	13.44	14.8	13.98
Total Liabilities / Total Assets	29.1	34.25	41.48	46.24	39.88
EBIT / Interest Expense	31.81	17.43	8.76	13.18	8.6
EBITDA / Interest Expense	40.49	26.25	12.65	15.52	10.15
(EBITDA - Capex) / Interest Expense	26.09	19.5	4.08	13.5	8.58
Total Debt / EBITDA	0.03	0.04	1.07	0.66	0.66
Net Debt / EBITDA	-1.14	-1.49	0.13	0.33	0.41
Total Debt / (EBITDA - Capex)	0.05	0.05	3.33	0.75	0.78
Net Debt / (EBITDA - Capex)	-1.77	-2.01	0.42	0.38	0.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-20.4	10.16	18.26	35.94	9.03
Gross Profit, 1 Yr. Growth %	-18.79	-10.86	17.99	84.25	12.48
EBITDA, 1 Yr. Growth %	-22.47	-28.16	19.33	122.49	7.11
EBITA, 1 Yr. Growth %	-27.22	-38.88	25.29	166.18	7.26
EBIT, 1 Yr. Growth %	-27.22	-38.88	25.29	166.18	7.26
Earnings From Cont. Operations, 1 Yr. Growth %	-23.73	-45.51	25.17	186.5	8.93
Net Income, 1 Yr. Growth %	-23.73	-45.51	25.17	186.5	8.93
Normalized Net Income, 1 Yr. Growth %	-24.32	-42.99	18.18	186.35	9.15
Diluted EPS Before Extra, 1 Yr. Growth %	-23.75	-45.54	25.35	184.83	7.89
Accounts Receivable, 1 Yr. Growth %	-16	8.71	15.38	61.06	9.53
Inventory, 1 Yr. Growth %	-4.58	36.89	33.72	23.53	-1.92
Net Property, Plant and Equip., 1 Yr. Growth %	8.35	-2.36	17.13	2.52	0.54
Total Assets, 1 Yr. Growth %	1.64	10.15	14.57	29.07	3.06
Tangible Book Value, 1 Yr. Growth %	9.96	2.25	3.24	16.34	16.2
Common Equity, 1 Yr. Growth %	9.51	2.15	3.11	18.56	15.26
Cash From Operations, 1 Yr. Growth %	72.8	-74.85	-225.46	-157.23	53.88
Capital Expenditures, 1 Yr. Growth %	0.63	-47.71	216.27	-58.2	26.91
Levered Free Cash Flow, 1 Yr. Growth %	295.52	-89.44	-908.47	-64.76	-32.77
Unlevered Free Cash Flow, 1 Yr. Growth %	246.07	-87.3	-785.16	-70.77	-50.8
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	5.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.34	-6.36	14.14	26.79	21.74
Gross Profit, 2 Yr. CAGR %	-3.03	-14.92	2.56	47.44	43.96
EBITDA, 2 Yr. CAGR %	-3.25	-25.37	-7.41	62.94	54.37
EBITA, 2 Yr. CAGR %	-6.06	-33.3	-12.49	82.62	68.97
EBIT, 2 Yr. CAGR %	-6.06	-33.3	-12.49	82.62	68.97
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.98	-35.53	-17.41	89.37	76.66
Net Income, 2 Yr. CAGR %	-5.98	-35.53	-17.41	89.37	76.66
Normalized Net Income, 2 Yr. CAGR %	-4.53	-34.32	-17.92	83.96	76.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-6	-35.56	-17.5	88.96	75.3
Accounts Receivable, 2 Yr. CAGR %	-2.55	-4.44	12	36.32	32.82
Inventory, 2 Yr. CAGR %	-5.39	14.29	35.3	28.52	10.07
Net Property, Plant and Equip., 2 Yr. CAGR %	9.91	2.86	6.28	9.58	1.52
Total Assets, 2 Yr. CAGR %	4.02	5.81	12.19	21.61	15.34
Tangible Book Value, 2 Yr. CAGR %	11.99	6.03	2.01	9.59	16.27
Common Equity, 2 Yr. CAGR %	11.41	5.77	1.93	10.56	16.9
Cash From Operations, 2 Yr. CAGR %	66.51	-34.08	-43.83	-15.26	-6.15
Capital Expenditures, 2 Yr. CAGR %	14.53	-27.46	28.59	14.98	-27.16
Levered Free Cash Flow, 2 Yr. CAGR %	331.22	-35.39	21.65	68.78	-49.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	242.18	-33.71	17.88	41.52	-62.08
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	2.74
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.92	0.27	1.22	20.98	20.57
Gross Profit, 3 Yr. CAGR %	5.31	-5.71	-5.12	24.68	34.72
EBITDA, 3 Yr. CAGR %	8.58	-12.39	-12.73	24.01	41.68
EBITA, 3 Yr. CAGR %	7.01	-18.6	-17.7	26.79	52.93
EBIT, 3 Yr. CAGR %	7.01	-18.6	-17.7	26.79	52.93
Earnings From Cont. Operations, 3 Yr. CAGR %	9.03	-21.61	-19.57	25.02	57.49
Net Income, 3 Yr. CAGR %	9.03	-21.61	-19.57	25.02	57.49
Normalized Net Income, 3 Yr. CAGR %	8.63	-19.61	-20.11	24.49	54.58
Diluted EPS Before Extra, 3 Yr. CAGR %	8.99	-21.63	-19.65	24.69	56.76
Accounts Receivable, 3 Yr. CAGR %	2.2	1.07	1.76	26.41	26.73
Inventory, 3 Yr. CAGR %	6.98	7.01	20.43	31.26	17.45
Net Property, Plant and Equip., 3 Yr. CAGR %	8.84	5.66	6.97	5.01	6.48
Total Assets, 3 Yr. CAGR %	7.89	6.03	8.56	17.55	15.08
Tangible Book Value, 3 Yr. CAGR %	12.25	8.64	4.59	6.58	11.76
Common Equity, 3 Yr. CAGR %	11.62	8.23	4.4	7.2	12.11
Cash From Operations, 3 Yr. CAGR %	63.25	-11.33	-18.31	-43.48	3.38
Capital Expenditures, 3 Yr. CAGR %	-10.84	-11.81	18.5	-11.58	18.83
Levered Free Cash Flow, 3 Yr. CAGR %	32.05	25.21	80.22	-19.51	27.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	36.02	14.13	68.79	-25.94	-0.49
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	1.82
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.78	3.6	6.64	10.14	8.98
Gross Profit, 5 Yr. CAGR %	6.34	1.68	4.2	12.75	12.1
EBITDA, 5 Yr. CAGR %	9.65	-1.19	1.87	12.29	9.63
EBITA, 5 Yr. CAGR %	8.15	-5.87	-1.27	12.46	9.73
EBIT, 5 Yr. CAGR %	8.15	-5.87	-1.27	12.46	9.73
Earnings From Cont. Operations, 5 Yr. CAGR %	13.3	-3.99	-2.44	11.55	10.18
Net Income, 5 Yr. CAGR %	13.3	-3.99	-2.44	11.55	10.18
Normalized Net Income, 5 Yr. CAGR %	8.92	-6.92	-2.89	11.95	9.77
Diluted EPS Before Extra, 5 Yr. CAGR %	13.15	-4.03	-2.5	11.36	9.78
Accounts Receivable, 5 Yr. CAGR %	5.35	4.19	6.01	13.92	13.2
Inventory, 5 Yr. CAGR %	4.85	12.37	17.51	15.15	16.18
Net Property, Plant and Equip., 5 Yr. CAGR %	20.45	10.39	7.81	6.94	4.75
Total Assets, 5 Yr. CAGR %	8.22	8.09	9.59	11.94	11.22
Tangible Book Value, 5 Yr. CAGR %	10.79	9.87	8.04	8.71	9.12
Common Equity, 5 Yr. CAGR %	10.19	9.34	7.64	8.86	9.23
Cash From Operations, 5 Yr. CAGR %	24.66	-6.11	6.54	-12.92	-13.65
Capital Expenditures, 5 Yr. CAGR %	8.02	-18.23	3.22	-1.94	-2.46
Levered Free Cash Flow, 5 Yr. CAGR %	22.36	-11.81	27.79	57.52	8.45
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.81	-6.04	28.45	36.6	-7.11
Dividend Per Share, 5 Yr. CAGR %	2.38	1.15	0	0	1.09