Stock Track | Miller Industries Stock Plummets 23.49% as Weak Q4 Results, 2025 Outlook Disappoint

Stock Track

Mar 06, 2025

Miller Industries (MLR) stock suffered a massive plummet of 23.49% on Thursday's trading session, following the release of disappointing fourth quarter 2024 earnings results and a tepid outlook for 2025 late Wednesday.

The towing and recovery equipment manufacturer reported Q4 earnings per share of $0.91, significantly missing analyst estimates of $1.19. Revenue for the quarter came in at $221.9 million, well below the consensus estimate of $290.3 million. Net income fell 37% year-over-year to $10.5 million.

The weak results were attributed to lower shipments of chassis, and the company cited significant macroeconomic uncertainties heading into 2025. Miller's full-year guidance for 2025 was also underwhelming, forecasting earnings per share of just $2.90-$3.20 on revenue between $950 million and $1 billion.

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Miller's full-year guidance for 2025 was also underwhelming, forecasting earnings per share of just $2.90-$3.20 on revenue between $950 million and $1 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MLR","symbol_name":"Miller Industries Inc","start_time":0,"source_url":"","article_id":"1143621939","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143621939","pubTimestamp":1741273095,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Miller Industries  stock suffered a massive plummet of 23.49% on Thursday's trading session, following the release of disappointing fourth quarter 2024 earnings results and a tepid outlook for 2025 late Wednesday.The towing and recovery equipment manufacturer reported Q4 earnings per share of $0.91, significantly missing analyst estimates of $1.19. 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