News Column

BRIEF: Miller Industries boosts quarterly profits

August 6, 2014

By Dave Flessner, Chattanooga Times Free Press, Tenn.

Aug. 06--Miller Industries Inc. boosted its second quarter earnings by nearly 17 percent over a year ago to $3.4 million, or 30 cent per share.

The Ooltewah-based wrecker and towing equipment maker said today sales in the spring quarter were up 15.7 percent over last year, rising to $122.4 million in the three months ended June 30.

Miller Industries also announced today it will pay a quarterly dividend of 15 cents per share, payable Sept. 22, to shareholders of record at the close of business on Sept. 15.

"Our second quarter performance reflected strong sales growth driven by positive consumer demand and an improving market environment," MIller Industries CEO Jeff Badgley said in a statement. "We continued to see rising demand for our products across the markets we serve as supported by our growing orders and expanding backlog levels."


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Source: Chattanooga Times Free Press (TN)

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