Miller Industries
Builds the wrecker and car-carrier bodies that distributors mount on third-party truck chassis.
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Profile
Manufactures wrecker, car-carrier, and heavy-recovery truck bodies sold through independent distributors to towing operators, dealerships, auto auctions, and government buyers, with production spread across Tennessee, Pennsylvania, France, the United Kingdom, and Italy. The single reportable segment traces to a decades-long strategy of acquiring and preserving legacy regional brands rather than building one unified nameplate.
Built in 1990 by acquiring three troubled legacy U.S. tow-truck brands — Holmes, Century, and Challenger — and rebuilding them under one roof, then extending the same strategy through Vulcan, Chevron, France's Jige, the U.K.'s Boniface, and, most recently, Italy's Omars.
The product line covers light- and heavy-duty wreckers, car carriers, top-end rotating recovery units, and transport trailers, plus hydraulic cylinders from an in-house subsidiary. Bodies mount on chassis built by outside manufacturers and reach buyers — towing operators, dealerships, auto auctions, and government agencies — through independent distributors.
Manufacturing spans Tennessee and Pennsylvania plants alongside sites in France, the United Kingdom, and Italy. Reported as one towing-and-recovery segment, the business ships only as fast as third-party chassis supply allows.
Company facts
Categories
Key statistics
Year to date +51.6% · Average volume (30d) 94.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | DA Davidson | Reiterate | Buy | $56 | $64 | |
| May 11, 2026 | DA Davidson | Reiterate | Buy | $53 | $56 | |
| Mar 9, 2026 | Loop Capital Markets | Target | $46 | $44 | ||
| Mar 9, 2026 | DA Davidson | Reiterate | Buy | $82 | $53 | |
| Nov 10, 2025 | Loop Capital Markets | Target | $46 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.37 | $0.63 | +72.6% | $210.8M | $240.0M | +13.9% | +7.04% |
| May 6, 2026Q1 FY26 | $0.22 | $0.05 | −77.3% | $181.1M | $180.9M | −0.1% | −2.41% |
| Mar 4, 2026Q4 FY25 | $0.03 | $0.29 | +866.7% | $164.2M | $171.2M | +4.2% | +6.43% |
| Nov 5, 2025Q3 FY25 | $0.02 | $0.27 | +1,250.0% | $164.2M | $178.7M | +8.8% | −4.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $225.7M | $214.0M | $178.7M | $171.2M | $180.9M | $240.0M | |
| Gross profit | $33.9M | $34.6M | $25.3M | $26.5M | $25.7M | $35.9M | |
| Operating income | $10.7M | $11.2M | $4.1M | $5.5M | $1.7M | $10.8M | |
| Net income | $8.1M | $8.5M | $3.1M | $3.4M | $555.0K | $7.3M | |
| Diluted EPS | $0.69 | $0.73 | $0.27 | $0.29 | $0.05 | $0.63 | |
| Gross margin | 15.0% | 16.2% | 14.2% | 15.5% | 14.2% | 15.0% | |
| Operating margin | 4.7% | 5.2% | 2.3% | 3.2% | 1.0% | 4.5% |
Fiscal years (4-quarter sums)FY21 $717.5M · FY22 $848.5M · FY23 $1.15B · FY24 $1.26B · FY25 $789.5M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $55.6M · Total debt $4.7M · Total assets $609.1M · Shareholders' equity $420.1M
Dividends
Raised for 14 straight years — most recently to $0.21 from $0.20 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 8 | $0.21 | |
| Mar 16, 2026 | Mar 16 | Mar 23 | $0.21 | raised from $0.20 |
| Dec 2, 2025 | Dec 2 | Dec 9 | $0.20 | |
| Sep 8, 2025 | Sep 8 | Sep 15 | $0.20 | |
| Jun 2, 2025 | Jun 2 | Jun 9 | $0.20 | |
| Mar 17, 2025 | Mar 17 | Mar 24 | $0.20 | raised from $0.19 |
| Dec 2, 2024 | Dec 2 | Dec 9 | $0.19 | |
| Sep 9, 2024 | Sep 9 | Sep 16 | $0.19 |
Ownership
Shares outstanding 11.40M · Float 10.81M · 94.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 1.33M | 11.65% | 13F | Aug 13, 2026 |
| Neuberger Berman Group LLC | 1.13M | 9.91% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 1.03M | 9.03% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 692.7K | 6.08% | 13F | Aug 11, 2026 |
| Hotchkis & Wiley Capital Management LLC | 518.7K | 4.55% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Oshkosh
Head-to-head in wreckers, carriers, and rotators via Jerr-Dan.
- Douglas Dynamics
Work-truck upfitter — structural peer, not a towing-equipment maker.
- Federal Signal
Municipal specialty-truck-body maker sharing fleet buyers, not wreckers.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Miller Industries | $56.73 | −0.04% | $646.5M | 45.7 | 20.7 | 0.8 | +12.1% |
| Oshkosh | $153.96 | −0.05% | $9.51B | 17.6 | 11.8 | 0.9 | +6.7% |
| Douglas Dynamics | $41.82 | −0.05% | $967.1M | 19.0 | 13.0 | 1.4 | +10.5% |
| Federal Signal | $118.13 | +0.04% | $7.21B | 25.5 | 21.8 | 2.9 | +18.7% |
| Median | 19.0 | 13.0 | 1.4 | +10.5% |