Miller Industries' Military Contract Boosts Organic Growth Outlook -- Market Talk

Dow Jones

2024/11/19

1132 ET - Miller Industries' organic growth is in line for an increase thanks to a new military contract with the Canadian government, says Michael Shlisky of D.A. Davidson. In a report, the analyst notes that Rheinmetall, a global defense contractor, secured a C$325 million contract to make recovery vehicles for the Canadian army. Miller will provide towing equipment for the 85-unit order. "We estimate that Miller's portion of the contract could be worth $50 million-$85 million over a five-year period," Shlisky says, which "could add a percent or two to its organic growth once it begins, with well-above-average margins." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

November 18, 2024 11:32 ET (16:32 GMT)

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Davidson. In a report, the analyst notes that Rheinmetall, a global defense contractor, secured a C$325 million contract to make recovery vehicles for the Canadian army. 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Davidson. In a report, the analyst notes that Rheinmetall, a global defense contractor, secured a C$325 million contract to make recovery vehicles for the Canadian army. 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Davidson. In a report, the analyst notes that Rheinmetall, a global defense contractor, secured a C$325 million contract to make recovery vehicles for the Canadian army. Miller will provide towing equipment for the 85-unit order. \"We estimate that Miller's portion of the contract could be worth $50 million-$85 million over a five-year period,\" Shlisky says, which \"could add a percent or two to its organic growth once it begins, with well-above-average margins.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4149":"建筑机械与重型卡车","MLR":"Miller Industries Inc"},"translate_title":"米勒工业公司的军事合同提振了有机增长前景——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MLR":1},"content_text":"1132 ET - Miller Industries' organic growth is in line for an increase thanks to a new military contract with the Canadian government, says Michael Shlisky of D.A. Davidson. In a report, the analyst notes that Rheinmetall, a global defense contractor, secured a C$325 million contract to make recovery vehicles for the Canadian army. Miller will provide towing equipment for the 85-unit order. \"We estimate that Miller's portion of the contract could be worth $50 million-$85 million over a five-year period,\" Shlisky says, which \"could add a percent or two to its organic growth once it begins, with well-above-average margins.\" (adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2024 11:32 ET (16:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}