Miller Industries Inc /Tn/MLR

NYSEConsumer SpendingTruck & Bus Bodies
Price (close)
$53.84
Market cap
$611.2M
P/E
42.7x
Revenue (TTM)
$771.4M
Net income
$14.3M
Dividend yield
1.54%
1-year total return
41.6%
Net margin
1.9%
Revenue growth
-20.9%
Debt / equity
0.01x

What Miller Industries Inc /Tn/ does.

Miller Industries, Inc., a Tennessee corporation, is The World’s Largest Manufacturer of Towing and Recovery Equipment ® , with executive offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France, the United Kingdom and, most recently, Italy. On December 2, 2025, Miller Industries, Inc. acquired Omars – S.p.A (“Omars”), a designer and manufacturer of towing and recovery vehicles, headquartered in Cuneo, Italy.

Miller Industries was founded in 1990. Since its inception, the Company has developed innovative high-quality towing and recovery equipment worldwide. We design and manufacture bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to our customers. Our products are marketed and sold primarily through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. Further, we have substantial distribution capabilities in Europe as a result of our ownership of Jige International S.A., Boniface Engineering, Ltd, and Omars. While most of our distributor agreements do not generally contain exclusivity provisions, management believes that more than 90 percent of our independent distributors do not offer products of any other towing and recovery equipment manufacturer, which we believe is a testament of their loyalty to our brands.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$651.3M$717.5M$848.5M$1.2B$1.3B$790.3M
Net income$29.8M$16.3M$20.3M$58.3M$63.5M$23.0M
Free cash flow$43.2M$6.1M-$48.1M-$1.1M$1.5M$85.0M

More on MLR.

Figures from Miller Industries Inc /Tn/'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.