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Miller Industries (MLR)
You've probably never ridden in one of the vehicles made by Miller Industries, but it's a good bet your car has. The Ooltewah (Tenn.) company makes everything from the car carriers and multivehicle trailers used to deliver new cars to dealerships, to the wreckers used by towing crews. Miller has been a comeback story: Soaring fuel and insurance prices left many tow operators unable to afford new equipment earlier this decade -- putting Miller in a ditch. But Miller sold off some assets, converted debt into shares, and pushed through price hikes where it could. The result: The company has swung from four consecutive years of losses through 2003 to a profit of $18.6 million in 2005, while its shares have soared from around $4 to $20, after shooting up to $28. For investors, that has made for a sweet ride.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 308.0 |
| Sales* ($ Millions) | 368.4 |
| Sales Growth (3-yr. avg. annual) |
19.6 % |
| Profits* ($ Millions) | 22.5 |
| Profit Growth (3-yr. avg. annual) | 86.3 % |
| Return on Inv. Capital (3-yr.) | 12.1 % |
| Share Price 12-Mo. Hi/Lo | 29/10 |
| Share Price As of 4/28/06 | 27 |
| Return on Equity | 31.7 % |
| P/E Ratio | 14 |
| No. of Employees | 900 |
| Industry | Construction & Farm Machinery & Heavy Trucks |
| CURRENT MARKET INFO | MLR > |
| COMPANY WEB SITE > | |
| Location | Ooltewah, Tenn. |
| Phone | 423 238-4171 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Miller Industries, Inc. manufactures vehicle towing and recovery equipment. It offers a range of wrecker, car carrier, and trailer bodies. Its wreckers range from the conventional tow truck to large recovery vehicles of 8 to 70 tons capability that are used to recover and tow disabled vehicles and other equipment. The company's car carriers are flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers transport new or disabled vehicles and other equipment, as well as transport vehicles or other equipment over longer distances. Its multivehicle transport trailers are auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. The trailers are used for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other applications. Miller Industries sells its products through independent distributors in the U.S., Canada, and Mexico, as well as in Europe, the Pacific Rim, and the Middle East. The company was founded in 1994 and is based in Ooltewah, Tenn.
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