Miller Industries earnings date
Miller Industries (5OJ) Q3 2026 Earnings Report
DE:5OJ Q3 2026 EPS Results
- Actual EPS
- EUR 0.47
- Consensus EPS
- EUR 0.58
- Beat/Miss
- Missed by -EUR 0.10
- One Year Ago EPS
- EUR 0.24
DE:5OJ Q3 2026 Revenue Results
- Actual Revenue
- EUR 190.01M
- Expected Revenue
- EUR 220.39M
- Beat/Miss
- Missed by -EUR 30.38M
- YoY Revenue Growth
- +18.78%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Miller Industries's next earnings date is estimated for March 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive. Revenue increased 18.8%, profitability and EPS improved, cash and debt metrics strengthened, shareholder returns continued, and management reaffirmed full-year revenue and EPS expectations while raising its gross-margin outlook. The main challenges were temporary chassis-supplier and European production disruptions, retail-demand pressure from elevated diesel prices and lower consumer confidence, product-mix effects on gross profit, and some construction timing hiccups.
Management expects full year 2026 revenue of $850 million to $900 million, earnings per share to be in line with full year 2025 results, and full year 2026 gross margins to be higher than previously anticipated at approximately 14%; it anticipates solid revenue recovery in the fourth quarter of 2026, a similar $0.25 billion per quarter run rate moving forward, and a little bit of catch-up this quarter from chassis suppliers. Domestic production levels are planned to continue into 2027, the new rotator is expected to have chassis arrival in May of next year at the earliest and first sales in the back half of '27, the Jige capacity expansion is on track to be completed in Q1 of 2027, serialized military production is expected to begin in 2027 with the majority of revenue anticipated to be recognized in 2028 and 2029, and the Ooltewah facility is expected to be production-ready by late 2027, with increased production capacity by late 2027, early 2028.
- Strong Third-Quarter Revenue GrowthThird-quarter revenue was $212.2 million, up 18.8% from $178.7 million in the third quarter of 2025, reflecting a significant reduction in distributor inventory compared to a year ago.
- Improved Profitability and EPSProfitability continued to improve year-over-year, driven by strong execution across the global workforce. Net income was $6.1 million, and diluted EPS was $0.53 per share, up from $0.27 per share in the third quarter of 2025.
- Omars Acquisition Tracking Toward AccretionOmars delivered solid performance, including significant year-over-year growth, reinforcing management's confidence that the acquisition remains on track to be accretive in its first year.
- Strong Cash Position and Debt ReductionCash was $60.4 million at the end of the third quarter, up from $44.7 million at the end of 2025. Total debt has been reduced by approximately $30 million since the start of the year, leaving the company with minimal debt and greater financial flexibility.
- Shareholder ReturnsMiller Industries returned $5.1 million to shareholders through dividends and share repurchases in the third quarter, including $2.7 million of share repurchases. The quarterly dividend is currently $0.21 per share and has been paid for 63 consecutive quarters, with approximately $8.7 million remaining under the current repurchase authorization.
- Stable Demand and Production OutlookCustomer demand and order intake stayed consistent while production levels remained steady. Domestic production is planned to continue into 2027 to meet consistent retail activity, and management expects a similar $0.25 billion per quarter run rate moving forward.
- Fourth-Quarter Revenue Recovery ExpectedDespite third-quarter disruptions, management anticipates solid revenue recovery in the fourth quarter of 2026, with some potential catch-up as chassis suppliers work to recover revenue not realized in the prior quarter.
- New Century M65 Rotator LaunchThe company introduced the Century M65, a new 65-ton rotator described as its most advanced recovery machine. The unit features the industry's first fully greaseless operating system for a movable rotator, is available to order, and management expects a significant amount of orders entering 2027.
- Positive Customer and Distributor ResponseMore than 1,000 distributors and customers from around the world attended the Chattanooga product launch event. Management said the response reinforced confidence in the breadth of the product portfolio, the strength of the distribution network and the company's ability to meet customer needs through innovation.
- Continued Investment in Capacity, Automation and InnovationThe company continues to invest in capacity, automation and new product development as part of its strategy to capitalize on growth opportunities across global markets.
- International Platform and Operational ProgressJige, Boniface and Omars provide an established European operating footprint and products tailored to regional market needs. Jige was recently integrated into the ERP system to streamline operations and improve efficiency, while its capacity expansion project remains on track for completion in the first quarter of 2027.
- Healthy International Demand and BacklogManagement continues to see meaningful opportunities across Europe and broader export markets, with consistent retail demand and healthy backlog levels supporting confidence in the international market outlook.
- Growing Military BusinessThe military business continues to gain momentum, with existing military commitments surpassing $200 million and a growing pipeline of opportunities with U.S. and international government agencies. Preproduction and test units are in production, serialized production is expected to begin in 2027, and the majority of revenue is anticipated to be recognized in 2028 and 2029.
- Ooltewah Manufacturing Expansion on ScheduleConstruction of the new Ooltewah facility is underway, with foundation footings completed and building steel expected to arrive in January 2027. The more than 200,000-square-foot facility remains on track to be production-ready by late 2027 and is intended to increase production capacity, improve efficiency and support higher output of heavy-duty recovery equipment, European demand and global defense programs.
- Flexible Funding for ExpansionStrong cash flow generation gives management confidence that the majority of the Ooltewah investment can be funded through operating cash flow over the next several years.
- Full-Year Guidance ReaffirmedManagement reaffirmed its previously stated 2026 revenue guidance of $850 million to $900 million and continues to expect full-year 2026 EPS to be in line with full-year 2025 results.
- Higher Gross Margin OutlookFull-year 2026 gross margins are now expected to be higher than previously anticipated at approximately 14%, reflecting a decrease in chassis sales and an expected future product mix trending toward historical levels of bodies and chassis.
DE:5OJ Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 10, 2027 | 2026 (Q4) | 0.61- | 0.26 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.580.47 | 0.24 | 96.30% (+0.23) | |
| Aug 05, 2026 | 2026 (Q2) | 0.330.56 | 0.65 | -13.70% (-0.09) | |
| May 06, 2026 | 2026 (Q1) | 0.240.04 | 0.62 | -92.75% (-0.57) | |
| Mar 04, 2026 | 2025 (Q4) | 0.070.26 | 0.81 | -68.13% (-0.56) | |
| Nov 05, 2025 | 2025 (Q3) | 0.020.24 | 1.19 | -79.70% (-0.95) | |
| Aug 06, 2025 | 2025 (Q2) | 0.490.65 | 1.59 | -58.99% (-0.94) | |
| May 07, 2025 | 2025 (Q1) | 0.560.62 | 1.32 | -53.16% (-0.70) | |
| Mar 05, 2025 | 2024 (Q4) | 1.060.81 | 1.3 | -37.20% (-0.48) | |
| Nov 12, 2024 | 2024 (Q3) | 1.191.19 | 1.36 | -12.27% (-0.17) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
