NYSE:MLRMachinery
Miller Industries (MLR) Stock Climbs As Margin Recovery Faces Earnings Doubts
Miller Industries came into this earnings print as a stock with a strong recent run, then added another 7% in a single session after the release. That jump reflects one clear headline: Q2 revenue reached about US$240.0m and net income improved to US$7.3m, with earnings per share moving to US$0.63. For a towing and recovery equipment manufacturer that lives and dies on volumes and margins, this quarter was about a sharp profit rebound that helped justify the move in the share price.
Is Miller...