MLR Earnings Prediction
The chart below shows how MLR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MLR sees a -7.66% change in stock price 10 days leading up to the earnings, and a +7.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.35%. This data can give you a slight idea of what to expect for the next quarter's release.
MLR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
314.27M
14.46%
-15.39%
Gross Margin
13.37%
-14.35%
-2.76%
Operating Margin
6.27%
-26.92%
-17.72%
Net Margin
4.91%
-22.80%
-11.05%
EPS
1.33
-12.50%
-25.28%
No Data Available
MLR Earnings Analysis
Miller Industries, Inc. Corporation (MLR.N) Earnings Conference Call
Positive
Revenue Increase Q3 2024: In the third quarter of 2024, we generated revenues of $314.3 million, an increase of 14.5% year-over-year, driven by elevated OEM chassis deliveries.
Net Sales Increase: Net sales for the third quarter of 2024 was $314.3 million versus $274.6 million for the third quarter of 2023, a 14.5% year-over-year increase driven largely by improved deliveries of finished products.
Gross Profit Decline: Gross profit for the third quarter was $42 million, a decrease of 2% compared to the prior year quarter, while our gross margin of 13.4% decreased by 220 basis points year-over-year.
Net Income Comparison: Net income for the third quarter of 2024 was $15.4 million or $1.33 per diluted share compared to net income of $17.5 million or $1.52 per diluted share in the third quarter of 2023.
Quarterly Cash Dividend Approval: The Board of Directors approved our quarterly cash dividend of $0.19 per share payable December 9, 2024, marking the 56th consecutive quarter that the company has paid a dividend.
Negative
Gross Profit Decline: Gross profit for the third quarter was $42 million, a decrease of 2% compared to the prior year quarter while our gross margin of 13.4% decreased by 220 basis points year-over-year.
Operations Cost Increase: Cost of operations increased 17.5% to $272.2 million for the third quarter of 2024 compared to $231.7 million for the third quarter of 2023.
SG&A Expense Increase: SG&A expenses were $22.3 million in the third quarter of 2024 compared to $19.3 million in the third quarter of 2023, representing an increase as a percentage of net sales.
Net Income Comparison: Net income for the third quarter of 2024 was $15.4 million or $1.33 per diluted share compared to net income of $17.5 million or $1.52 per diluted share in the third quarter of 2023.
Effective Tax Rate Increase: The effective tax rate for the quarter of 22% was slightly higher both year-over-year and sequentially.
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MLR Earning Call Sentiment
Miller Industries, Inc. (MLR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MLR.N
-0.36%Positive
The earnings call reflects mixed signals: strong revenue growth and improved cash conversion are positive, but declining margins, decreased net income, and order entry slowdown due to political uncertainty pose risks. The Q&A suggests optimism post-election, but management's vague responses on dealer support and SG&A control raise concerns. The share repurchase and consistent dividends are positive, yet the hurricane impact and economic factors could limit upside potential. Overall, the market reaction is expected to be neutral.
