Miller Industries, Inc.

MLR

MLRMiller Industries, Inc. US flag

New York Stock Exchange

48.37

USD

+0.43

- -

551.21MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	413	343	404	493	541	601	615	712	818	651	717	848	1,153	1,258	790
+ Sales & Services Revenue	413	343	404	493	541	601	615	712	818	651	717	848	1,153	1,258	790
- Cost of Revenue	343	303	362	440	483	537	548	628	722	573	648	766	1,002	1,087	670
+ Cost of Goods & Services	343	303	362	440	483	537	548	628	722	573	648	766	1,002	1,087	670
Gross Profit	70	40	42	53	58	64	67	83	96	78	70	82	152	171	120
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	31	27	28	29	32	32	36	40	43	40	46	53	73	86	89
+ Selling, General & Admin	31	28	28	28	31	32	36	40	43	40	46	53	73	86	89
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	39	13	14	24	26	32	32	44	53	39	24	30	79	84	31
- Non-Operating (Income) Loss	1	1	- -	1	1	1	1	2	3	1	2	4	5	4	- -
+ Interest Expense, Net	1	1	- -	1	1	1	2	2	2	1	1	3	6	4	1
+ Interest Expense	1	1	- -	1	1	1	2	2	2	1	1	3	6	4	1
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	-1	- -	-1
Pretax Income	38	13	14	23	25	31	30	42	50	38	22	26	74	80	31
- Income Tax Expense (Benefit)	15	4	5	9	9	11	7	8	11	8	6	5	15	17	8
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	23	9	9	15	16	20	23	34	39	30	16	20	58	63	23
- Net Extraordinary Losses (Gains)	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	23	9	10	15	16	20	23	34	39	30	16	20	58	63	23
- Minority Interest	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	23	9	9	15	16	20	23	34	39	30	16	20	58	63	23
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	23	9	9	15	16	20	23	34	39	30	16	20	58	63	23
EBIT	39	13	14	24	26	32	32	44	53	39	24	30	79	84	31
EBITDA	43	17	18	28	30	37	38	52	62	48	35	41	92	99	46
EBITDA Margin (%)	10.31	5.01	4.45	5.7	5.56	6.12	6.13	7.24	7.6	7.41	4.83	4.87	7.98	7.84	5.83
EBITA	39	13	14	24	26	32	32	44	53	39	24	30	79	84	31
Gross Margin (%)	16.99	11.69	10.5	10.75	10.65	10.69	10.91	11.71	11.79	12.03	9.74	9.71	13.17	13.58	15.23
Operating Margin (%)	9.42	3.9	3.52	4.88	4.77	5.32	5.13	6.15	6.49	5.93	3.29	3.49	6.83	6.72	3.97
Profit Margin (%)	5.58	2.66	2.28	3.02	2.95	3.31	3.74	4.74	4.78	4.58	2.27	2.4	5.05	5.05	2.91
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.48	0.52	0.56	0.6	0.64	0.68	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.76	0.8
Depreciation Expense	4	4	4	4	4	5	6	8	9	10	11	12	13	14	15
Basic Weighted Avg Shares	12	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Basic EPS, GAAP	1.98	0.82	0.82	1.32	1.41	1.76	2.02	2.96	3.43	2.62	1.42	1.78	5.1	5.55	2.01
Basic EPS from Cont Ops	1.98	0.82	0.77	1.31	1.41	1.76	2.02	2.96	3.43	2.62	1.42	1.78	5.1	5.55	2.01
Diluted Weighted Avg Shares	12	11	11	11	11	11	11	11	11	11	11	11	12	12	12
Diluted EPS, GAAP	1.92	0.81	0.82	1.31	1.41	1.75	2.02	2.96	3.43	2.62	1.42	1.78	5.07	5.47	1.98
Diluted EPS from Cont Ops	1.92	0.81	0.77	1.31	1.41	1.75	2.02	2.96	3.43	2.62	1.42	1.78	5.07	5.47	1.98

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	167	158	184	218	216	226	227	273	287	286	329	376	510	530	440
+ Cash, Cash Equivalents & STI	50	49	43	40	38	31	22	27	26	58	54	40	30	24	45
+ Cash & Cash Equivalents	50	49	43	40	38	31	22	27	26	58	54	40	30	24	45
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	61	59	81	116	109	125	133	149	169	142	154	178	286	313	198
+ Accounts Receivable, Net	61	59	81	116	109	125	133	149	169	142	154	178	286	313	198
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	48	45	54	56	66	64	69	94	88	84	115	154	190	186	184
+ Raw Materials	19	19	26	24	28	26	30	40	39	36	60	76	89	77	66
+ Work In Process	8	8	10	10	11	12	14	15	17	16	34	41	48	48	51
+ Finished Goods	21	18	18	22	27	26	25	39	32	31	21	37	53	61	67
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	7	6	6	6	2	5	4	3	5	3	6	5	5	6	12
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	45	44	43	44	53	72	90	95	105	112	109	125	137	137	150
+ Property, Plant & Equip, Net	33	32	31	32	39	60	78	83	92	100	97	113	116	117	124
+ Property, Plant & Equip	79	81	84	87	98	122	143	138	154	170	177	203	218	233	253
- Accumulated Depreciation	45	49	53	55	58	63	65	55	62	70	80	90	102	116	129
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	12	12	12	12	13	12	12	12	12	12	12	12	21	21	26
+ Total Intangible Assets	12	12	12	12	12	12	12	12	12	12	12	12	20	20	20
+ Goodwill	12	12	12	12	12	12	12	12	12	12	12	12	20	20	20
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	2	1	1	- -	1	- -	1	1	1	1	6
Total Assets	212	202	227	262	268	297	317	368	392	398	438	501	647	667	590
+ Payables & Accruals	57	43	63	92	94	106	101	123	124	110	147	152	228	193	127
+ Accounts Payable	40	31	47	71	73	85	79	98	96	86	122	126	192	146	79
+ Accrued Taxes	2	- -	3	7	5	3	1	1	2	2	2	2	2	1	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	16	12	13	14	16	18	21	24	26	23	23	24	35	46	49
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	2
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	6	4	7
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	6	4	7
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	57	43	63	92	94	106	102	123	124	111	147	156	235	198	137
+ LT Debt	- -	- -	- -	- -	- -	5	10	16	6	1	1	46	61	65	31
+ LT Borrowings	- -	- -	- -	- -	- -	5	10	15	5	- -	- -	45	60	65	31
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	- -	- -
+ Other LT Liabilities	2	2	2	2	- -	2	2	2	3	4	5	6	4	3	1
+ Accrued Liabilities	2	2	2	2	- -	2	1	2	3	4	5	6	4	3	1
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	2	2	2	2	- -	7	12	17	10	5	6	52	65	68	33
Total Liabilities	59	45	65	94	94	113	114	141	134	116	153	208	299	266	169
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	147	149	150	150	150	151	151	151	151	151	152	153	154	154	153
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	147	149	150	150	150	150	151	151	151	151	151	152	154	154	153
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	5	9	12	20	29	41	56	81	112	134	138	150	200	255	269
+ Other Equity	- -	- -	1	-1	-5	-7	-3	-5	-6	-3	-5	-9	-6	-8	-1
Equity Before Minority Interest	153	157	162	168	174	185	203	228	258	282	285	293	348	401	421
+ Minority/Non Controlling Interest	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	153	157	162	168	174	185	203	228	258	282	285	293	348	401	421
Total Liabilities & Equity	212	202	227	262	268	297	317	368	392	398	438	501	647	667	590
Shares Outstanding	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	2	2	1	1	1	1	- -
Net Debt	-50	-49	-43	-40	-38	-26	-11	-11	-21	-58	-54	5	30	41	-11
Net Debt to Equity	-32.85	-30.85	-26.51	-23.51	-22.11	-14.15	-5.56	-4.96	-8.03	-20.36	-19.09	1.65	8.65	10.14	-2.71
Tangible Common Equity Ratio	70.44	76.48	69.79	62.55	63.19	60.52	62.65	60.56	64.76	70.02	64.08	57.54	52.28	58.89	70.31
Current Ratio	2.92	3.67	2.91	2.38	2.28	2.13	2.24	2.21	2.31	2.59	2.24	2.41	2.17	2.68	3.22
Cash Conversion Cycle	61.82	77.34	74.79	70.27	69.15	61.43	66.45	69.85	67.39	83.54	75.48	79.25	80.17	93.26	157.76

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	23	9	9	15	16	20	23	34	39	30	16	20	58	63	23
+ Depreciation & Amortization	4	4	4	4	4	5	6	8	9	10	11	12	13	14	15
+ Non-Cash Items	- -	1	- -	1	1	3	-1	1	2	1	1	2	-1	2	3
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	3	5
+ Deferred Income Taxes	- -	1	- -	- -	1	3	-1	1	2	1	1	1	-2	-1	-2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-1	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	2	-8	-11	-9	-1	-7	-14	-21	-15	20	-13	-53	-60	-63	58
+ (Inc) Dec in Accts Receiv	-1	2	-22	-36	6	-17	-7	-19	-20	27	-13	-24	-106	-28	122
+ (Inc) Dec in Inventories	-9	3	-9	-3	-11	1	-3	-24	5	5	-32	-41	-30	2	19
+ (Inc) Dec in Prepaid Assets	1	- -	- -	- -	- -	-3	1	1	-2	2	-3	1	- -	-1	-6
+ Inc (Dec) in Accts Payable	11	-13	20	30	4	13	-5	21	- -	-15	34	11	76	-36	-77
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	28	6	1	10	20	21	14	22	35	61	15	-19	11	17	99
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	1	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	2
+ Disp of Fixed Prod Assets	1	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	2
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-4	-3	-2	-5	-12	-25	-25	-13	-17	-18	-9	-29	-12	-15	-14
+ Acq of Fixed Prod Assets	-4	-3	-2	-5	-12	-25	-25	-13	-17	-18	-9	-29	-12	-15	-14
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	-6
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	-6
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-17	- -	-19
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-17	- -	-19
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	-3	-2	-5	-12	-25	-23	-13	-17	-17	-9	-29	-29	-15	-31
+ Dividends Paid	-6	-6	-6	-7	-7	-8	-8	-8	-8	-8	-8	-8	-8	-9	-9
+ Net Cash From Debt	- -	- -	- -	- -	- -	10	10	10	-10	-10	- -	45	15	5	-36
+ Cash From Debt	- -	- -	- -	- -	- -	10	10	10	- -	- -	- -	45	15	5	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	-10	-10	- -	- -	- -	- -	-36
+ Other Financing Activities	4	1	1	- -	- -	-5	-4	-5	- -	5	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-22	-4	-5	-7	-7	-3	-2	-3	-19	-14	-8	37	7	-7	-51
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	4	-1	-7	-2	1	-7	-12	6	-1	30	-2	-11	-11	-5	17
EBITDA	43	17	18	28	30	37	38	52	62	48	35	41	92	99	46
EBITDA Margin (%)	10.31	5.01	4.45	5.7	5.56	6.12	6.13	7.24	7.6	7.41	4.83	4.87	7.98	7.84	5.83
Free Cash Flow	24	3	-1	5	8	-4	-11	9	18	43	6	-48	-1	2	85
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17	- -	19
Free Cash Flow to Firm	25	4	-1	5	9	-3	-10	10	20	44	7	-45	4	5	85
Free Cash Flow to Equity	25	3	-1	5	8	6	1	19	8	33	6	-3	14	7	51
Free Cash Flow per Basic Share	2.1	0.29	-0.11	0.41	0.73	-0.36	-0.94	0.75	1.56	3.79	0.54	-4.21	-0.1	0.13	7.43
Price/Free Cash Flow	5.84	19.08	58.25	15.45	7.72	6.55	7.6	8.73	8.06	5.54	15.61	31.11	21.1	23.53	3.86
Cash Flow to Net Income	1.23	0.67	0.13	0.67	1.26	1.05	0.61	0.65	0.9	2.04	0.94	-0.94	0.19	0.27	4.29
Capital Expenditures	-4	-3	-2	-5	-12	-25	-25	-13	-17	-18	-9	-29	-12	-15	-14