The towing equipment maker reported stronger earnings and cash flow while maintaining its $850 million–$900 million full-year revenue guidance.
Miller Industries posted second-quarter revenue of $240 million, a 12.1% year-over-year increase, driven by steady production and retail demand. Diluted earnings per share rose to $0.63 as profitability improved despite macroeconomic challenges.
The company reaffirmed its full-year revenue outlook of $850 million to $900 million and expects quarterly revenue of roughly $250 million for the remainder of 2026. Cash flow strengthened, with cash rising to $65.6 million and debt reduced by $20 million.
Miller also announced $200 million in military contracts, with production starting in 2027, and plans for a €8 million French expansion and a new Tennessee facility by late 2027.