Miller Industries Q1 net income falls 93% to $555 thousand as revenue drops 19.8%
Miller Industries reported first-quarter 2026 revenue of $180.9 million, down 19.8% from a year earlier, and diluted EPS of $0.05 versus $0.69. The company said acquisition-related costs from Omars reduced EPS by about $0.13, and it reaffirmed full-year 2026 revenue guidance of $850 million to $900 million, but said Middle East tensions and higher diesel prices will weigh on second-quarter revenue and profit.
Key points
- Q1 2026 net income was $555 thousand, down 93.1% from $8.1 million; gross profit fell 24.3% to $25.7 million
- Omars acquisition-related non-cash expenses reduced Q1 diluted EPS by approximately $0.13
- 2026 revenue guidance of $850 million to $900 million reaffirmed; EPS expected to be generally in line with 2025
- Quarterly dividend of $0.21 per share declared, payable June 8, 2026; a 3% price increase takes effect for products invoiced after July 31, 2026
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.