Miller Industries 2025 Q3 Earnings EPS Dips 80% Despite Revenue Beat

Miller Industries (MLR) reported fiscal 2025 Q3 earnings on November 6, 2025, . .

Revenue

, . The drop was driven by reduced chassis shipments as original equipment manufacturers (OEMs) recovered from supply chain disruptions.

Earnings/Net Income

The company’s EPS plummeted 80% to $0.27 in Q3 2025, down from $1.35 in Q3 2024. . , the significant year-over-year decline underscores ongoing challenges despite operational adjustments.

Post-Earnings Price Action Review

The strategy of buying Miller Industries (MLR) shares on the date of its quarterly financial report release and holding for 30 days showed favorable performance over the past three years. The cumulative return was 24.8%, . This suggests a solid short-term holding strategy aligned with MLR’s quarterly financial reporting cycle.

CEO Commentary

William G. Miller II highlighted Q3 revenue aligned with expectations despite industry headwinds, driven by reduced chassis shipments. Strategic actions included production cuts to lower inventory, cost reductions, supply chain security measures, and a workforce reduction. The company returned $3.5 million to shareholders via $1.2 million in share repurchases and a $0.20 dividend, . Miller expressed confidence in entering 2026 from a position of strength, citing improved cash conversion, normalized inventory levels, and global military market interest.

Guidance

, supported by reduced field inventory, improved cost structure, and global military market demand. Forward-looking statements include continued disciplined capital allocation, production adjustments, and supply chain security to mitigate tariff risks, with actual results subject to material differences due to market and operational risks.

Additional News

, . , . CEO William G. . Analysts maintain a “buy” rating, , . The company emphasized long-term strategies to navigate supply chain risks and capitalize on military market demand.