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Miller Industries Inc (MLR)



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Upturn Advisory Summary
10/14/2025: MLR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $57
1 Year Target Price $57
2 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 4.33% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 470.13M USD | Price to earnings Ratio 11.3 | 1Y Target Price 57 |
Price to earnings Ratio 11.3 | 1Y Target Price 57 | ||
Volume (30-day avg) 2 | Beta 1.25 | 52 Weeks Range 33.65 - 76.99 | Updated Date 10/14/2025 |
52 Weeks Range 33.65 - 76.99 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 1.92% | Basic EPS (TTM) 3.63 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.35% | Operating Margin (TTM) 5.22% |
Management Effectiveness
Return on Assets (TTM) 5.05% | Return on Equity (TTM) 10.64% |
Valuation
Trailing PE 11.3 | Forward PE - | Enterprise Value 484931031 | Price to Sales(TTM) 0.48 |
Enterprise Value 484931031 | Price to Sales(TTM) 0.48 | ||
Enterprise Value to Revenue 0.5 | Enterprise Value to EBITDA 6.92 | Shares Outstanding 11458123 | Shares Floating 10904810 |
Shares Outstanding 11458123 | Shares Floating 10904810 | ||
Percent Insiders 4.8 | Percent Institutions 99.34 |
Upturn AI SWOT
Miller Industries Inc

Company Overview
History and Background
Miller Industries, Inc. was founded in 1990. It has grown through acquisitions and organic growth to become a leading provider of towing and recovery equipment.
Core Business Areas
- Domestic Towing Equipment: Manufactures and markets towing and recovery equipment in the United States.
- International Towing Equipment: Manufactures and markets towing and recovery equipment internationally.
- Transportation Equipment: Manufactures car carriers and trailers.
Leadership and Structure
William F. Miller, II is the CEO and Chairman of the Board. The company has a typical corporate structure with various departments reporting to executive management.
Top Products and Market Share
Key Offerings
- Wreckers: Heavy-duty tow trucks used for recovering disabled vehicles. Miller Industries is a leading manufacturer in this segment. The competitors are Jerr-Dan (Oshkosh Corporation) and Century (also Miller Industries).
- Car Carriers: Trucks designed to transport multiple vehicles. Competitors include Cottrell and Boydstun.
- Rotators: Specialized heavy-duty tow trucks with rotating booms for complex recovery operations. Miller Industries dominates this category. Competitors include NRC Industries.
Market Dynamics
Industry Overview
The towing and recovery equipment industry is influenced by factors such as vehicle sales, traffic accidents, and infrastructure development. Demand is cyclical and affected by economic conditions.
Positioning
Miller Industries is the largest manufacturer of towing and recovery equipment globally, with a strong brand reputation and extensive distribution network.
Total Addressable Market (TAM)
Estimated at several billion dollars annually, encompassing the global market for towing and recovery equipment. Miller Industries, with its leading market share, is well-positioned to capture a significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Leading market share
- Strong brand recognition
- Extensive distribution network
- Diverse product portfolio
- Experienced management team
Weaknesses
- Cyclical business
- Dependence on economic conditions
- Exposure to commodity price fluctuations
- High debt levels
Opportunities
- Expanding into emerging markets
- Developing new and innovative products
- Acquiring smaller competitors
- Increasing demand for electric towing equipment
- Government infrastructure spending
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material costs
- Changes in government regulations
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- OSK
- TEXA.MI
- NRC Industries
Competitive Landscape
Miller Industries benefits from its scale and brand reputation. However, it faces competition from other manufacturers and smaller regional players. Technological innovation and price competition are key factors.
Major Acquisitions
Chevron and Vulcan Towing Equipment Brands
- Year: 1995
- Acquisition Price (USD millions):
- Strategic Rationale: Expanded Miller Industries' product line and market share in the towing and recovery equipment industry.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by acquisitions and organic sales increases. Specific growth rates need to be calculated based on historical financial data.
Future Projections: Analyst estimates for future growth need to be gathered from financial analysis platforms.
Recent Initiatives: Needs to be researched from company press releases and investor presentations (e.g., new product launches, acquisitions, or expansion plans).
Summary
Miller Industries is a leader in the towing and recovery equipment industry, benefiting from its large market share and established brand. However, its cyclical nature and reliance on economic conditions pose risks. The company's ability to innovate and expand into new markets will be crucial for future growth. Monitoring competitor actions and managing raw material costs are also essential.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports, financial news websites, industry analysis reports.
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Investment decisions should be made based on individual circumstances and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Miller Industries Inc
Exchange NYSE | Headquaters Ooltewah, TN, United States | ||
IPO Launch date 1994-08-02 | President, CEO & Director Mr. William G. Miller II | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 1690 | Website https://www.millerind.com |
Full time employees 1690 | Website https://www.millerind.com |
Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was incorporated in 1990 and is headquartered in Ooltewah, Tennessee.

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