Miller Industries Reports Q3 2025 Earnings Decline
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Miller Industries, Inc. reported a significant decline in Q3 2025 earnings, with net sales dropping 43.1% to $178.7 million due to reduced chassis shipments. Despite an 80% decrease in net income to $3.1 million, the company improved its gross margin to 14.2%. Cost-saving measures were implemented, including workforce reduction. Miller Industries remains optimistic about future strategic initiatives and reaffirmed its revenue guidance for 2025, projecting $750 to $800 million, while focusing on capital allocation and debt reduction.
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