Miller Industries reported results for the third quarter 2026 that trailed analyst expectations on both the top and bottom lines, despite significant year-over-year growth. Results were impacted by planned holiday downtime and production challenges among chassis suppliers, though demand remained consistent with no signs of a slowdown in customer orders.
Key Highlights
- Revenue of $212.2 million missed the $330.5 million estimate, despite growing 18.8% year-over-year.
- Diluted EPS of $0.53 fell short of the $0.64 consensus, including a $0.09 benefit from non-cash acquisition-related items.
- Gross margin contracted 20 basis points to 14.0%, missing the analyst expectation of 15.4% due to production mix and chassis delivery cadence.