Miller Industries Inc. (MLR) Financial Statements (2024 and earlier)

Company Profile

Business Address 8503 HILLTOP DR
OOLTEWAH, TN 37363
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 3713 - Truck and Bus Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Receivables240,590264,542233,115177,663167,887191,246
Inventory, net of allowances, customer advances and progress billings176,329167,458164,431153,656144,382141,191
Inventory176,329167,458164,431153,656144,382141,191
Prepaid expense5,3436,3936,7714,5766,0537,446
Other undisclosed current assets26,84730,50229,72040,15333,20831,129
Total current assets:449,109468,895434,037376,048351,530371,012
Noncurrent Assets
Operating lease, right-of-use asset7057708479099441,050
Property, plant and equipment116,216116,055110,976112,145112,545113,550
Intangible assets, net (including goodwill)20,59420,59411,61911,61911,61911,619
Goodwill20,59420,59411,61911,61911,61911,619
Other noncurrent assets782681686708626618
Total noncurrent assets:138,297138,100124,128125,381125,734126,837
TOTAL ASSETS:587,406606,995558,165501,429477,264497,849
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities187,018223,406199,722153,404137,601163,099
Accounts payable146,790188,869169,458125,500107,477137,702
Accrued liabilities40,22834,53730,26427,90430,12425,397
Deferred revenue 242242242242274257
Debt      4
Other undisclosed current liabilities1,2549514,8062,4994269
Total current liabilities:188,514224,599204,770156,145137,917163,429
Noncurrent Liabilities
Long-term debt and lease obligation60,00060,00045,00045,00045,62840,722
Long-term debt, excluding current maturities60,00060,00045,00045,00045,00040,000
Liabilities, other than long-term debt6,5076,6786,7286,8275,1955,232
Deferred income tax liabilities6,0856,1826,1596,2305,1955,232
Operating lease, liability422496569597628722
Total noncurrent liabilities:66,50766,67851,72851,82750,82345,954
Total liabilities:255,021291,277256,498207,972188,740209,383
Equity
Equity, attributable to parent332,385315,718301,667293,457288,524288,466
Common stock114114114114114114
Additional paid in capital153,191152,746152,462152,392152,169151,946
Accumulated other comprehensive loss(6,461)(7,283)(8,194)(9,173)(10,566)(7,225)
Retained earnings185,541170,141157,285150,124146,807143,631
Total equity:332,385315,718301,667293,457288,524288,466
TOTAL LIABILITIES AND EQUITY:587,406606,995558,165501,429477,264497,849

Income Statement (P&L) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues274,568300,264282,275225,854205,557201,500
Cost of revenue
(Cost of Goods and Services Sold)
(231,700)(260,335)(251,858)(200,329)(182,377)(183,126)
Gross profit:42,86839,92930,41725,52523,18018,374
Operating expenses(19,318)(19,480)(17,924)(13,117)(14,673)(12,651)
Other operating income (expense), net294229318512(666)(275)
Operating income:23,84420,67812,81112,9207,8415,448
Interest and debt expense(1,813)(1,700)(1,012)(1,291)(1,042)(628)
Income from continuing operations before income taxes:22,03118,97811,79911,6296,7994,820
Income tax expense(4,572)(4,063)(2,579)(2,337)(1,567)(1,063)
Income from continuing operations:17,45914,9159,2209,2925,2323,757
Income before gain (loss) on sale of properties:5,2323,757
Net income available to common stockholders, diluted:17,45914,9159,2209,2925,2323,757

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:17,45914,9159,2209,2925,2323,757
Other comprehensive income (loss)8229119791,393(3,341)(2,305)
Comprehensive income, net of tax, attributable to parent:18,28115,82610,19910,6851,8911,452

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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