Filing Flows › Miller Industries (MLR) › Q2 2025
Miller Industries (MLR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Miller Industries (MLR) reported revenue of $214M for the second quarter 2025 (Q2 2025), -42% from a year earlier and -5% from the quarter before. Operating margin was 5.3%, net earnings $8.5M (4.0% of revenue).
Miller Industries, Q2 2025: revenue $214M (-42% year over year), operating margin 5.3%, net earnings $8.5M, operating cash flow $27.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | -5% | -42% |
| Gross profit | $34.6M | +2% | -32% |
| Operating profit | $11.4M | +5% | -57% |
| Net earnings | $8.5M | +5% | -59% |
| Operating cash flow | $27.2M | +904% | — |
| Free cash flow | $25.6M | — | — |
What changed
Revenue was $214.0M in Q2 2025, down 42% year over year and down 5% from the previous quarter.
Gross margin was 16.2%, up 2.4 points from a year earlier. Operating profit was $11.4M, a 5.3% margin (down 1.8 points year over year). Operating expenses fell 7% while revenue fell 42%. Net earnings were $8.5M, down 59% year over year. The effective tax rate was 25.6%.
Operating cash flow was $27.2M, 322% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $13.9M. Capital expenditures of $1.7M left free cash flow of $25.6M.
Questions
What was Miller Industries' revenue in the second quarter 2025?
Miller Industries (MLR) reported revenue of $214M for the second quarter 2025 (Q2 2025), -42% from a year earlier and -5% from the quarter before.
Was Miller Industries profitable in the second quarter 2025?
Operating profit was $11.4M (5.3% of revenue) and net earnings $8.5M.
Source: Miller Industries 10-Q on SEC EDGAR.