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Miller Industries (MLR) guidance and outlook
Miller Industries (MLR) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $212M for Q3 2026; Revenue +18.8% for Q3 2026; Gross profit $29.8M for Q3 2026; Gross profit +17.6% for Q3 2026. Miller Industries' 10-Q filed Nov 4, 2026 makes 14 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q3 2026 | $212M | raised |
| Revenue | Q3 2026 | +18.8% | new |
| Gross profit | Q3 2026 | $29.8M | raised |
| Gross profit | Q3 2026 | +17.6% | new |
| Gross margin | Q3 2026 | 14% | lowered |
| Net income | Q3 2026 | $6.1M | raised |
| Net income | Q3 2026 | +97.2% | new |
| EPS | Q3 2026 | $0.53 | raised |
| Revenue | FY2026 | $850M–$900M | reaffirmed |
| Gross margin | FY2026 | 14% | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- References to “the Company”, “we”, “us”, and “our” are intended to mean the business and operations of Miller Industries, Inc., and its consolidated subsidiaries unless the context requires otherwise.
- Our history of innovation in the towing and recovery industry has been an important factor behind our growth over the last decade and we believe that our continued emphasis on research and development will be a key factor in our future growth.
- We opened a free-standing research and development facility in Chattanooga, Tennessee in 2019, where we pursue various innovations in our products and manufacturing processes, some of which are intended to enhance the safety of our employees and reduce our environmental impact.
- Our investments in strategic and planned projects have contributed to our increased production capacity and optimized our manufacturing processes, including investing in component re-design capabilities that allow for more flexibility in our manufacturing and sourcing.
- This acquisition will provide Miller Industries with additional capacity which the Company expects will improve its manufacturing flexibility and its ability to meet growing customer demands.
- These actions are intended to better align our pricing with the current cost environment while supporting our continued investment in U.S. manufacturing, product quality, safety, and regulatory compliance.
- Ongoing communication and prioritization continue with our suppliers in an effort to identify and mitigate any future and continuing risks, and to proactively manage inventory levels of materials and component parts to align with anticipated demand for our products.
- However, our performance will be heavily influenced by, among other things, whether supply chain constraints and inflationary pressures continue to lessen or worsen, the continuing impact of ongoing military conflicts in the Middle East and Ukraine or other geopolitical events and developments, and the threat of recession and general economic conditions.
- While we believe the impacts of the conflict between the United States, Israel, and Iran will continue to have an effect on our business, financial condition and results of operations, we are unable to predict the extent or nature of these impacts at this time.
- In addition, while we have attempted to pass increased costs on to our customers, including through our recent surcharge and price increases on manufactured products, there can be no assurance that we will be able to continue to do so in the future.
- Additionally, our future performance will continue to be heavily influenced by, among other things, the high cost of equipment ownership and customer spending patterns, the continued uncertainty regarding tariffs, and regulations regarding emissions standards.
- We currently believe that, based on available capital resources and projected operating cash flows, we have adequate capital resources to fund our operations and expected future cash needs over the next 12 months.
Miller Industries' latest quarter
Miller Industries, Q3 2026: revenue $212M (+19% year over year), operating margin 3.5%, net earnings $6.1M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
Questions
Did Miller Industries raise or lower its guidance?
Miller Industries (MLR) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $212M for Q3 2026; Revenue +18.8% for Q3 2026; Gross profit $29.8M for Q3 2026; Gross profit +17.6% for Q3 2026.
What does Miller Industries expect?
References to “the Company”, “we”, “us”, and “our” are intended to mean the business and operations of Miller Industries, Inc., and its consolidated subsidiaries unless the context requires otherwise. Our history of innovation in the towing and recovery industry has been an important factor behind our growth over the last decade and we believe that our continued emphasis on research and development will be a key factor in our future growth. We opened a free-standing research and development facility in Chattanooga, Tennessee in 2019, where we pursue various innovations in our products and manu
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.