Filing Flows › Miller Industries (MLR) › Q1 2026
Miller Industries (MLR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Miller Industries (MLR) reported revenue of $181M for the first quarter 2026 (Q1 2026), -20% from a year earlier and +5% from the quarter before. Operating margin was 0.9%, net earnings $555K (0.3% of revenue).
Miller Industries, Q1 2026: revenue $181M (-20% year over year), operating margin 0.9%, net earnings $555K, operating cash flow $30.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | +5% | -20% |
| Gross profit | $25.7M | -3% | -24% |
| Operating profit | $1.6M | -68% | -85% |
| Net earnings | $555K | -84% | -93% |
| Operating cash flow | $30.7M | -37% | 11× |
| Free cash flow | $22.8M | -48% | — |
What changed
Revenue was $180.9M in Q1 2026, down 20% year over year and up 5% from the previous quarter.
Gross margin was 14.2%, down 0.8 points from Q1 2025. Operating profit was $1.6M, a 0.9% margin (down 3.9 points year over year). Operating expenses grew 4% against a revenue fall of 20%. Net earnings were $555K, down 93% year over year. The effective tax rate was 65.4%.
Operating cash flow was $30.7M (up 1033% year over year), 5540% of net earnings. Non-cash charges added back $4.2M of depreciation and amortization. Working capital and other items added $26.0M. Capital expenditures of $7.9M left free cash flow of $22.8M.
Questions
What was Miller Industries' revenue in the first quarter 2026?
Miller Industries (MLR) reported revenue of $181M for the first quarter 2026 (Q1 2026), -20% from a year earlier and +5% from the quarter before.
Was Miller Industries profitable in the first quarter 2026?
Operating profit was $1.6M (0.9% of revenue) and net earnings $555K.
Source: Miller Industries 10-Q on SEC EDGAR.