MLR - Dividend announcements

CHATTANOOGA, Tenn., April 2, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") today announced that its Board of Directors has authorized a $25.0 million share repurchase program. William G. Miller, II, Chief Executive Officer, commented, "In light of the Company's strong financial performance in 2023, we mentioned on our last earnings call that we were evaluating a number of capital allocation priorities in an effort to maximize shareholder value. We believe that our shareholders should share in the upside of our outperformance, and that is why we increased our quarterly dividend by 5.6% last quarter. As a next step in that process the Board has

Calls on the Board to Initiate a Review Process that Involves Comparing a Credible, Long-Term Plan to Strategic Alternatives, Including a Sale of the Business Highlights Operational and Strategic Issues Contributing to Miller's Lagging Operating Margins and Valuation Sees Opportunity for Miller to Deliver Substantially More Value for Shareholders by Implementing a Margin Improvement Plan or Selling to a Well-Capitalized Strategic Buyer Advisory Research, Inc., which owns approximately 3.25% of Miller Industries' (NYSE:MLR) ("Miller" or the "Company") outstanding shares, today sent the below letter to the Company's Board of Directors (the "Board"). *** March 21, 2024 Miller Indus

CHATTANOOGA, Tenn., March 6, 2024 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) ("Miller Industries" or the "Company") the World's Largest Manufacturer of Towing and Recovery Equipment, today declared that its Board of Directors approved a 5.6% increase in the Company's quarterly dividend to $0.19 per share. The dividend will be payable March 25, 2024, to shareholders of record at the close of business on March 18, 2024. This will mark the fifty-third consecutive quarter the Company has paid a dividend.  About Miller Industries Miller Industries is The World's Largest Manufacturer of Towing and Recovery Equipment®, and markets its towing and recovery equipment under a number of well-re

CHATTANOOGA, Tenn., May 5, 2021 /PRNewswire/ -- Miller Industries, Inc. (NYSE:MLR) (the "Company") today announced financial results for the first quarter ended March 31, 2021. For the first quarter of 2021, net sales were $169.9 million, a decrease of 3.5%, compared to $176.1 million for the first quarter of 2020. Net income in the first quarter of 2021 was $3.2 million, or $0.28 per share, a decrease of 41.5%, compared to net income of $5.4 million, or $0.48 per share, in the prior year period.  Gross profit for the first quarter of 2021 was $15.8 million, or 9.3% of net sales, compared to $18.5 million, or 10.5% of net sales, for the first quarter of 2020. Selling, general and administrat

CHATTANOOGA, Tenn., March 3, 2021 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2020. For the fourth quarter of 2020, net sales were $178.3 million, a decrease of 12.2%, compared to $203.1 million for the fourth quarter of 2019. Net income in the fourth quarter of 2020 was $12.0 million, or $1.05 per share, an increase of 2.8%, compared to net income of $11.7 million, or $1.03 per share, in the prior year period. Gross profit for the fourth quarter of 2020 was $24.3 million, or 13.6% of net sales, compared to $26.9 million, or 13.3% of net sales, for the fourth quarter of 2019. Se