Form 8-K

8-K — MILLER INDUSTRIES INC /TN/

Accession: 0001104659-26-056286

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0000924822

SIC: 3713 (TRUCK & BUS BODIES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — mlr-20260506x8k.htm (Primary)

EX-99.1 (mlr-20260506xex99d1.htm)

EX-99.2 (mlr-20260506xex99d2.htm)

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8-K

8-K (Primary)

Filename: mlr-20260506x8k.htm · Sequence: 1

MILLER INDUSTRIES INC /TN/_May 6, 2026

0000924822falseMILLER INDUSTRIES INC /TN/00009248222026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 6, 2026

MILLER INDUSTRIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Tennessee

001-14124

62-1566286

(State or Other Jurisdiction of Incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

8503 Hilltop Drive, Ooltewah, Tennessee

(Address of Principal Executive Offices)

37363

(Zip Code)

(423) 238-4171

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, par value $0.01 per share

MLR

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02Results of Operations and Financial Condition.

On May 6, 2026, Miller Industries, Inc. (the “Company”) issued a press release (the “Earnings Release”) announcing its financial results for the fiscal first quarter ended March 31, 2026. A copy of the Earnings Release is furnished as Exhibit 99.1 to this Form 8-K.

On May 7, 2026, the Company will hold a teleconference and audio webcast to discuss its financial results from the fiscal first quarter ended March 31, 2026. A copy of supplementary materials that will be referred to in the teleconference and webcast, and which will be posted to the Company’s website, is furnished as Exhibit 99.2 hereto.

The information included in this Item 2.02, as well as Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.

Exhibit Description

99.1

Press Release of Miller Industries, Inc. dated May 6, 2026, announcing its financial results for the fiscal first quarter ended March 31, 2026

99.2

Supplementary materials to be used during webcast conference call on May 7, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Miller Industries, Inc.

(Registrant)

By:

/s/ Deborah L. Whitmire

Deborah L. Whitmire

Executive Vice President, Chief Financial Officer and Treasurer

Dated: May 6, 2026

‌

EX-99.1

Filename: mlr-20260506xex99d1.htm · Sequence: 2

Exhibit 99.1

8503 Hilltop Drive, Ooltewah, TN 37363

Telephone (423) 238-4171

CONTACT:

Miller Industries, Inc.

Debbie Whitmire, Chief Financial Officer

(423) 238-8464

FTI Consulting, Inc.

Mike Gaudreau

millerind@fticonsulting.com

MILLER INDUSTRIES REPORTS 2026 FIRST QUARTER RESULTS

Sequential Revenue Growth Driven by Disciplined Production Increases

Ooltewah Capacity Expansion on Track

Strong Cash Flow Supports Capacity Expansion, Debt Reduction, and Shareholder Returns

Board of Directors Approves Dividend of $0.21 per Share

CHATTANOOGA, Tennessee, May 6, 2026/PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR) (“Miller Industries” or the “Company”) today announced financial results for the first quarter ended March 31, 2026, and provided updates on its global strategic initiatives.

Q1 2026 Financial Results vs. Q1 2025

Revenue: $180.9 million, a 19.8% decrease from $225.7 million

Gross Profit: $25.7 million, a 24.3% decrease from $33.9 million

Gross Margin: 14.2%, an 80 basis-point decrease from 15.0%

SG&A Expenses: $23.9 million, a 3.0% increase from $23.3 million

Net Income: $555 thousand, a 93.1% decrease from $8.1 million

Diluted EPS: $0.05 per share, a decrease of 92.8% from $0.69 per diluted share

In addition, Miller Industries acquired Omars in the fourth quarter of fiscal 2025. Based on preliminary valuation estimates, non-cash acquisition-related expenses associated with Omars—primarily tied to the sale of equipment adjusted to fair market value and amortization of the estimated intangible value of customer relationships—negatively impacted the Company’s financial results for the first fiscal quarter of 2026 by approximately $0.13 per diluted share. The Company currently anticipates that this amount represents roughly one half of the total acquisition-related expenses expected to be recognized over the remainder of 2026. Miller Industries remains confident that the acquisition will be accretive in the first year after recognizing these non-cash acquisition-related expenses. The Company continues to work with its third-party valuation consultants, and the final amount to be expensed will be finalized upon completion of their analysis.

First Quarter Business Highlights

Delivered sequential revenue growth as the Company increased production to meet rising order intake.

Advancing site preparation for capacity expansion at Ooltewah to significantly enhance North American production capacity and support manufacturing for European and military operations; site expected to be ready for construction to begin by late summer.

Continued strong cash flow generation, supporting the capacity expansion, continued debt reduction and returns of capital to shareholders.

Returned $4.6 million directly to shareholders in the form of dividends and share repurchases during the quarter.

“First-quarter performance was consistent with our expectations, as we continued to carefully increase production in response to improving retail activity and order flow, driving sequential revenue growth,” said William G. Miller II, Chief Executive Officer. “Near-term profitability continues to reflect elevated acquisition-related costs associated with Omars; however, we expect these expenses to moderate as the year progresses. Importantly, the business continued to generate solid cash flow, further strengthening our balance sheet and financial flexibility.”

Miller continued, “Late in the quarter, rising geopolitical tensions in the Middle East led to higher diesel prices and increased macroeconomic uncertainty, which began to pressure retail demand. In response, we proactively paused our planned North American production increases at current levels to maintain balanced distributor inventory. While we expect these conditions to continue to impact both revenue and profitability in the second quarter of 2026, we remain cautiously optimistic that improving retail activity in the second half of the year will position us to achieve our full-year 2026 outlook.”

Ooltewah, TN Manufacturing Capacity Expansion

To support future growth, European needs and defense production commitments, Miller Industries previously announced the addition of a new 200,000+ sq ft facility at its Ooltewah headquarters site, at a cost of approximately $100 million. As the Company expects to continue its strong cash generation, Miller Industries anticipates funding the majority of this expansion through operating cash flow over the next several years.

This expansion is intended to:

Increase Overall Production Capacity and Efficiency

With distributor inventories returning to historically average levels, production volumes are expected to rise in the second half of 2026 and return to a steady level to meet retail deliveries.

The new facility will significantly expand output capacity to meet growing domestic and international demand, reduce lead times, and reinforce Miller Industries’ global leadership in heavy‑duty recovery vehicle technology.

In particular, the expansion will increase output capacity for heavy‑duty recovery units, which remain the Company’s largest global export.

Support European Demand Through U.S. Backfill, Integrated Capacity, and Regional Expansion

U.S. production will continue to serve as a critical backbone for European demand with the addition of Omars, the expansion of Jige’s heavy‑duty integration, and production enhancements at the Company’s Boniface facility.

The combination of Jige expansion, Omars integration, and Boniface growth supported by U.S. backfill capability will help to ensure production stability, improved lead times, and a fully integrated supply strategy globally.

Prepare for Higher-Volume Global Military Production

With more than $150 million in military commitments and additional global RFQs underway, the new facility will be capable of supporting higher-volume global defense‑grade recovery vehicle production.

Military programs production is scheduled to begin in 2027 and accelerate into 2028 and 2029, requiring enhanced capacity, specialized equipment, and advanced production flow capabilities.

Return of Capital to Shareholders

The Company’s Board of Directors approved a quarterly cash dividend of $0.21. The dividend is payable June 8, 2026, to shareholders of record as of June 1, 2026, and represents the sixty-second consecutive quarter that Miller Industries has paid a dividend. Additionally, Miller Industries repurchased approximately $2.2 million of stock during the first quarter of 2026.

Pricing Actions and Cost Environment Update

Miller Industries continues to experience ongoing pricing pressure driven by tariff impacts, regulatory and compliance requirements, and the elevated cost structure associated with manufacturing in the U.S. While the Company implemented a surcharge in April 2025 to partially offset these pressures, continued cost increases have exceeded the coverage provided by that surcharge.

As a result, the Company announced that the existing surcharge will be rolled into its standard pricing structure. In addition, Miller Industries will implement a 3% price increase on all manufactured products invoiced after July 31, 2026. These actions are intended to better align pricing with the current cost environment while supporting continued investment in U.S. manufacturing, product quality, safety, and regulatory compliance.

Management remains focused on disciplined cost control and operational efficiency initiatives; however, these pricing adjustments are necessary to help mitigate ongoing margin pressure and maintain the long-term sustainability of Miller Industries’ domestic manufacturing operations.

2026 Guidance and Production Outlook

The Company is re-affirming its previously issued revenue guidance of $850 million to $900 million for full year 2026 and expects earning per share to be generally in line with full year 2025 results.

Given geopolitical tensions in the Middle East and resulting higher diesel prices, Miller Industries expects production volumes to be weighted toward the second half of 2026. While macroeconomic conditions remain dynamic, the Company remains optimistic that revenue will approach $250 million per quarter by the second half of 2026. Gross margins are expected to return to historical levels in the mid-13% range for full year 2026, with revenue mix shifting toward historical levels of bodies and chassis.

The statements in the 2026 guidance and production outlook provided above are forward looking. Actual results may differ materially. See our cautionary note regarding “forward-looking statements” below.

Conference Call

The Company will host a conference call, which will be simultaneously broadcast live over the Internet. The call is scheduled for tomorrow, May 7, 2026, at 10:00 AM ET. Listeners can access the conference call live and archived over the Internet through the following link:

https://app.webinar.net/NZVRAYXeQbW

Please allow 15 minutes prior to the call to visit the site, download, and install any necessary audio software. A replay of this call will be available approximately one hour after the live call ends through Thursday, May 21, 2026. The replay number is 1-844-512-2921, Passcode 1182125.

About Miller Industries, Inc.

Miller Industries is The World’s Largest Manufacturer of Towing and Recovery Equipment®, and markets its towing and recovery equipment under a number of well-recognized brands, including Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Omars™, Titan® and Eagle®.

Forward-Looking Statements

Certain statements in this news release may be deemed to be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “could”, “continue”, “future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate” and similar expressions, or the negative of such terms, or other comparable terminology and include, without limitation: any statements relating to our 2026 guidance and expected production levels (including under the heading “2026 Guidance and Production Outlook”); the growth and effect of the drivers of our long-term business performance; our future production capacity expansion plans (including the timing thereof and anticipated impact on our business); future customer demand levels; acquisition related costs and the success and timing of integration plans associated with Omars; our priorities relating to capital allocation; increases in the Company’s product pricing, including the timing and success thereof; expectations regarding the industry cost environment and the Company’s cost control and operational efficiency initiatives; and any potential upside from pending military contracts and their potential effect on revenue and earnings growth. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are made based on our management’s beliefs as well as assumptions made by, and information currently available to, our management. Our actual results may differ materially from the results anticipated in these forward-looking statements due to, among other things: our dependence upon outside suppliers for component parts, chassis and raw materials, including aluminum, steel, and petroleum-related products leaves us subject to changes in price and availability, the cadence and quantity of deliveries from our suppliers, and delays in receiving supplies of such materials, component parts or chassis; our customers’ and towing operators’ access to capital and credit to fund purchases; the continuing impact of existing tariffs, the implementation of new or increased tariffs and any resulting trade wars, and any resulting macroeconomic uncertainty; the rising costs of equipment ownership, including continuing increases in insurance premiums and elevated interest rates that have added cost pressures to our end users, and fluctuations in the value of used trucks; macroeconomic trends, availability of financing, and changing interest rates; our customers’ ability to fund purchases of our products; various international political, economic and other uncertainties, including as a result of new or ongoing military conflicts in the Middle East and Ukraine, which may continue to adversely impact our customer spending patterns; volatility in fuel and other transportation costs, including as a result of the geopolitical tensions in the Middle East and the disruptions in international shipping through the Strait of Hormuz; increases in the cost of skilled labor; risks relating to our indebtedness, including our ability to maintain compliance with the covenants in our credit facility; special risks from our sales to U.S. and other governmental entities through prime contractors; the cyclical nature of our industry and changes in consumer confidence and in economic conditions in general; changes in insurance costs and weather conditions; competition in our industry and our ability to attract or retain customers; changes in government regulations, including environmental and health and safety regulations; our ability to develop or acquire proprietary products and technology; assertions against us relating to intellectual property rights; changes in the tax regimes and related government policies and regulations in the countries in which we operate; our dependence on the continued participation and level of service of our numerous independent distributors; the catastrophic loss of one of our manufacturing facilities; risks relating to acquisitions; environmental and health and safety liabilities and requirements; failure to comply with domestic and foreign anti-corruption laws; loss of the services of our key executives; the effects of regulations relating to conflict minerals; product warranty or product liability claims in excess of our insurance coverage; potential recalls of components or parts manufactured for us by suppliers or potential recalls of defective products; an inability to acquire insurance at commercially reasonable rates; fluctuations of our stock price and involvement with activist shareholders; a disruption in, or breach in security of, our information technology systems or any violation of data protection laws; risks related to our use of artificial intelligence, including generative artificial intelligence and machine learning; and those other risks discussed in our filings with the Securities and Exchange Commission, including those risks discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, which discussion is incorporated herein by this reference. Such factors are not exclusive. We do not undertake to update any forward-looking statement that may be made from time to time by, or on behalf of, the Company.

MILLER INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

Three Months Ended

March 31

2026

2025

Change

NET SALES

180,863

225,651

(19.8)%

COST OF OPERATIONS

155,181

191,707

(19.1)%

GROSS PROFIT

25,682

33,944

(24.3)%

OPERATING EXPENSES:

Selling, General and Administrative Expenses

23,949

23,260

3.0%

NON-OPERATING (INCOME) EXPENSES:

Interest Expense, Net

145

52.6%

Other (Income) Expense, Net

(15)

(202)

92.6%

Total Expense, Net

24,079

23,153

4.0%

INCOME BEFORE INCOME TAXES

1,603

10,791

(85.1)%

INCOME TAX PROVISION

1,048

2,726

(61.6)%

NET INCOME

555

8,065

(93.1)%

BASIC INCOME PER SHARE OF COMMON STOCK

0.05

0.70

(92.9)%

DILUTED INCOME PER SHARE OF COMMON STOCK

0.05

0.69

(92.8)%

CASH DIVIDENDS DECLARED PER SHARE OF COMMON STOCK

0.21

0.20

5.0%

WEIGHTED-AVERAGE SHARES OUTSTANDING:

Basic

11,387

11,450

(0.6)%

Diluted

11,528

11,614

(0.7)%

MILLER INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

March 31,

December 31,

2026

(Unaudited)

2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

52,973

44,682

Accounts receivable, net of allowance for credit losses of $1,944 and $1,876 as of March 31, 2026 and December 31, 2025, respectively

186,572

198,261

Inventories, net

172,494

184,231

Prepaid expenses

18,061

12,409

Total current assets

430,100

439,583

NON-CURRENT ASSETS:

Property, plant and equipment, net

127,842

123,808

Right-of-use assets - operating leases

1,783

276

Goodwill

20,259

20,073

Other assets

5,603

5,927

TOTAL ASSETS

585,587

589,667

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Current portion of long-term debt

2,176

2,246

Accounts payable

85,791

78,548

Accrued liabilities

56,215

55,602

Current portion of operating lease obligation

348

176

Total current liabilities

144,530

136,572

NON-CURRENT LIABILITIES:

Long-term obligations

21,030

31,055

Non-current portion of operating lease obligation

1,435

100

Deferred income tax liabilities

1,335

1,370

Total liabilities

168,330

169,097

SHAREHOLDERS’ EQUITY:

Preferred stock, $0.01 par value per share:

Authorized – 5,000,000 shares, Issued and outstanding – none

—

Common stock, $0.01 par value per share:

Authorized – 100,000,000 shares, Issued and outstanding – 11,395,716 and 11,371,730 shares as of March 31, 2026 and December 31, 2025, respectively

114

Additional paid-in capital

150,826

153,046

Retained earnings

266,965

268,798

Accumulated other comprehensive loss

(648)

(1,388)

Total shareholders’ equity

417,257

420,570

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

585,587

589,667

EX-99.2

Filename: mlr-20260506xex99d2.htm · Sequence: 3

Exhibit 99.2

THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT

Q1 2026

INVESTOR PRESENTATION

MILLER INDUSTRIES

FORWARD LOOKING STATEMENTS

SAFE HARBOR STATEMENT

Certain statements in this presentation may be deemed to be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be

identified by the use of words such as “may”, “will”, “should”, “could”, “continue”, “future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate” and

similar expressions, or the negative of such terms, or other comparable terminology and include, without limitation, any statements relating to our 2026 guidance (including under the heading “2026

Guidance”) and expected production levels, the growth and effect of the drivers of our long-term business performance, our future production capacity expansion plans (including the timing thereof and

anticipated impact on our business), future customer demand levels, acquisition related costs and the success and timing of integration plans associated with Omars, increases in the Company’s

product pricing, including the timing and success thereof, expectations regarding the industry cost environment and the Company’s cost control and operational efficiency initiatives and expectations

regarding the Company’s capital allocation strategy, and any potential upside from pending military contracts and their potential effect on revenue and earnings growth. However, the absence of these

words or similar expressions does not mean that a statement is not forward-looking.

Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are made based on our management’s beliefs as

well as assumptions made by, and information currently available to, our management. Our actual results may differ materially from the results anticipated in these forward-looking statements due to,

among other things: our dependence upon outside suppliers for component parts, chassis and raw materials, including aluminum, steel, and petroleum-related products leaves us subject to changes in

price and availability, the cadence and quantity of deliveries from our suppliers, and delays in receiving supplies of such materials, component parts or chassis; our customers’ and towing operators’

access to capital and credit to fund purchases; the continuing impact of existing tariffs, the implementation of new or increased tariffs and any resulting trade wars and any resulting macroeconomic

uncertainty; the rising costs of equipment ownership, including continuing increases in insurance premiums and elevated interest rates that have added cost pressures to our end users, and fluctuations

in the value of used trucks; macroeconomic trends, availability of financing, and changing interest rates; our customers’ ability to fund purchases of our products; various international political,

economic and other uncertainties, including as a result of new or ongoing military conflicts in the Middle East and Ukraine, which may continue to adversely impact our customer spending patterns;

volatility in fuel and other transportation costs, including as a result of the geopolitical tensions in the Middle East and the disruptions in international shipping through the Strait of Hormuz; increases in

the cost of skilled labor; risks relating to our indebtedness, including our ability to maintain compliance with the covenants in our credit facility; special risks from our sales to U.S. and other

governmental entities through prime contractors; the cyclical nature of our industry and changes in consumer confidence and in economic conditions in general; changes in insurance costs and

weather conditions; competition in our industry and our ability to attract or retain customers; changes in government regulations, including environmental and health and safety regulations; our ability to

develop or acquire proprietary products and technology; assertions against us relating to intellectual property rights; changes in the tax regimes and related government policies and regulations in the

countries in which we operate; our dependence on the continued participation and level of service of our numerous independent distributors; the catastrophic loss of one of our manufacturing facilities;

risks relating to acquisitions; environmental and health and safety liabilities and requirements; failure to comply with domestic and foreign anti-corruption laws; loss of the services of our key executives;

the effects of regulations relating to conflict minerals; product warranty or product liability claims in excess of our insurance coverage; potential recalls of components or parts manufactured for us by

suppliers or potential recalls of defective products; an inability to acquire insurance at commercially reasonable rates; fluctuations of our stock price and involvement with activist shareholders; a

disruption in, or breach in security of, our information technology systems or any violation of data protection laws; risks related to our use of artificial intelligence, including generative artificial

intelligence and machine learning; and those other risks discussed in our filings with the Securities and Exchange Commission, including those risks discussed under the caption “Risk Factors” in our

Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, which discussion is incorporated herein by this reference. Such factors are not

exclusive. We do not undertake to update any forward-looking statement that may be made from time to time by, or on behalf of, the Company.

This presentation and the associated remarks made during this conference call are integrally related and are intended to be presented and understood together.

MILLER INDUSTRIES

OVERVIEW

THE WORLD’S LARGEST

MANUFACTURER OF

TOWING AND

RECOVERY EQUIPMENT

LIGHT-DUTY RECOVERY CAR CARRIER

SPECIALTY TRANSPORT MEDIUM- & HEAVY-DUTY RECOVERY

ROTATORS MILITARY RECOVERY

NYSE: MLR

FOUNDED IN 1990

HEADQUARTERS - OOLTEWAH, TN

OPERATIONS IN TN, PA, ENGLAND, FRANCE, AND ITALY

~1,500 EMPLOYEES GLOBALLY

COMPANY PROFILE

MILLER INDUSTRIES

OVERVIEW MIDDLE EAST CONFLICT

■DIMINISHED CONSUMER CONFIDENCE

■GEOPOLITICAL TENSIONS

■INCREASED GLOBAL DIESEL PRICE ~35-40%

■REDUCED WEEKLY RETAIL DELIVERIES

■INCREASING DISTRIBUTOR INVENTORY LEVELS

■PAUSED NORTH AMERICAN PRODUCTION RAMP-UP

California

Texas

“

MILLER INDUSTRIES

CORE PHILOSOPHY

WE HAVE THE BEST PEOPLE,

THE BEST PRODUCTS,

AND THE BEST DISTRIBUTION NETWORK

IN THE TOWING AND RECOVERY INDUSTRY.”

- BILL MILLER - 1990

“

MILLER INDUSTRIES

OUR TEAM THANK YOU TO OUR GLOBAL TEAM

MILLER INDUSTRIES

FIRST QUARTER 2026

QUARTERLY KEY METRICS

Q1 YOY - Decreased 19.9%

Q1 ’26 vs Q4 ’25 - Increased 5.7%

REVENUE GROSS PROFIT - 14.2%

$180.9M $25.7M

NET INCOME - 0.3%

$0.56M

EPS, DILUTED

$0.05 $4.6M

CASH RETURNED TO SHAREHOLDERS

Q1 YOY - Decreased 24.3%

Q1 ’26 vs Q4 ’25 - Decreased 3.2%

Q1 YOY - Decreased 93.1%

Q1 ’26 vs Q4 ’25 - Decreased 83.7%

Q1 YOY - Decreased 93.1%

Q1 ’26 vs Q4 ’25 - Decreased 83.7%

0.1%

RETURN ON EQUITY (TTM)

DIVIDEND + SHARE REPURCHASE BASED ON AVERAGE EQUITY

MILLER INDUSTRIES

MARKET OVERVIEW

2026 DOMESTIC

MARKET OUTLOOK

■ POTENTIAL EASING OF

GEOPOLITICAL TENSIONS

■ RETAIL ACTIVITY

■ PRODUCTION LEVELS

■ PRICE INCREASE

■ CHASSIS SALES

MILLER INDUSTRIES

EXPORT OVERVIEW

2026 EXPORT

OUTLOOK

■ STRONG BACKLOG

■ JIGE EXPANSION UPDATE

■ BONIFACE FACILITY EFFICIENCY

IMPROVEMENTS

■ OMARS INTEGRATION

MILLER INDUSTRIES

EXPORT

MILITARY

ACTIVITY

■ PREPARING FOR CONTRACT

COMMITMENTS TO BE

MANUFACTURED THROUGHOUT

2027-2029

■ SIGNIFICANT VALUE OF

OUTSTANDING RFQ

S IN PROCESS

MILLER INDUSTRIES

EXPANSION

OOLTEWAH EXPANSION UPDATE

■ SITE WORK SCHEDULED TO BE

COMPLETED IN JULY OF 2026

■ PURPOSE-BUILT MANUFACTURING

FACILITY IN FINAL ENGINEERING PHASE

■ BUILDING CONSTRUCTION TO BEGIN

LATE SUMMER 2026

■ CAPITAL EXPENDITURES TO INCREASE

THROUGHOUT 2026 & 2027, VAST

MAJORITY FUNDED THROUGH

OPERATING CASH FLOW

MILLER INDUSTRIES

CAPITAL ALLOCATION

CAPITAL ALLOCATION STRATEGY ■QUARTERLY DIVIDEND

■DEBT REDUCTION

■SHARE REPURCHASE

■M&A OPPORTUNITIES

■INNOVATION

■AUTOMATION

■HUMAN CAPITAL

■CAPACITY EXPANSION

MILLER INDUSTRIES

GUIDANCE

2026 GUIDANCE ■ REVENUE $850 - $900M FOR FY 2026 ■ REVENUE INCREASING TOWARDS

$250M PER QUARTER FOR Q3 AND

Q4 IN 2026

■ FY2026 EPS IN LINE WITH FY2025

■ FY2026 GROSS MARGIN MID-13%

MILLER INDUSTRIES

INVESTOR RELATIONS

INVESTOR

RELATIONS

SCHEDULE 2026

■ THREE PART ADVISORS IDEAS

CONFERENCES (NY, CHI, AND DAL)

■ D.A. DAVIDSON INDUSTRIALS

CONFERENCE

■ ROADSHOWS TBD

■ REACH OUT TO

INVESTOR.RELATIONS@MILLERIND.COM

FOR MORE INFORMATION

THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT

MILLER INDUSTRIES

Q1 2026 EARNINGS PRESENTATION

Q&A

THANK YOU

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