Miller Industries Q2 FY26 net income drops 14.1% to $7.3 million; revenue rises 12.1% to $240 million
MLR•Full-year outlook
- Reaffirmed full-year revenue outlook of USD 850 million-USD 900 million; expects EPS generally in line with full-year 2025.
Quarterly results and margins
- Miller Industries posted Q2 net income of USD 7.3 million, down 14.1% year over year; diluted EPS fell 13.7% to USD 0.63.
- Revenue climbed 12.1% to USD 240 million, while gross margin narrowed 1.2 percentage points to 15%.
Balance sheet and shareholder returns
- Debt was reduced by USD 20 million since end-Q1, leaving no outstanding balance on the credit facility; USD 4.9 million returned via dividends and buybacks.
- Quarterly dividend set at USD 0.21 per share; repurchased about USD 2.5 million of stock during the quarter.
