Miller Industries Highlights Growth, Inventory Progress

Miller Industries used its appearance at the 17th Annual Southwest IDEAS Conference on Wednesday to underscore its long-term growth strategy, steady financial footing, and progress in reducing distributor inventory. CEO Will Miller emphasized the company’s focus on operational discipline and market expansion as it reaffirms its 2025 revenue guidance of roughly $800 million.

Miller noted that distributor inventory—which had ballooned in 2024—has now returned to healthier levels. “We’ve now gotten our bodies and chassis below where we believe the average distributor inventory should be,” he said, adding that production levels should align with retail demand by mid-Q1 next year.

The company also highlighted opportunities in European markets and global military contracts, supported by an €8 million expansion of its GJ facility in France. Miller reiterated that electric vehicles pose no immediate threat to towing demand. “Electric vehicles really don’t change much at all… it’s net neutral,” he said, noting that EVs still require towing and often must be transported on carriers.

Miller Industries also announced its 60th consecutive quarterly dividend, reflecting continued financial stability and shareholder commitment. Source: https://www.investing.com