Miller Industries, Inc. $MLR reported second-quarter 2026 revenue of $240.0 million, up 12.1% from a year ago and ahead of Wall Street’s $212.9 million estimate. Gross profit rose 3.9% to $35.9 million, while operating profit came in at $10.8 million.
Bottom-line results were softer than last year, with net income attributable to common shareholders declining 14.1% to $7.3 million. Diluted earnings per share fell to $0.63, down 13.7% year over year, though still above the $0.37 estimate.
Operating cash flow improved 18.3% to $32.2 million, and cash spending on property, plant and equipment increased to $4.2 million. The company ended the quarter with $55.6 million in cash and cash equivalents, up 74.8% from a year earlier, while total liabilities fell 7.5% to $189.0 million.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Miller Industries, Inc. Hedge Fund Activity
We have seen 63 institutional investors add shares of Miller Industries, Inc. stock to their portfolio, and 61 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HEARTLAND ADVISORS INC added 120,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $5,466,000
- MILLENNIUM MANAGEMENT LLC removed 92,642 shares (-59.0%) from their portfolio in Q1 2026, for an estimated $4,219,843
- BLACKROCK, INC. removed 72,468 shares (-8.2%) from their portfolio in Q1 2026, for an estimated $3,300,917
- DEPRINCE RACE & ZOLLO INC added 58,140 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,648,277
- RUSSELL INVESTMENTS GROUP, LTD. added 53,812 shares (+1340.3%) to their portfolio in Q1 2026, for an estimated $2,451,136
- TWO SIGMA INVESTMENTS, LP added 48,136 shares (+132.3%) to their portfolio in Q1 2026, for an estimated $2,192,594
- MORGAN STANLEY removed 47,539 shares (-20.2%) from their portfolio in Q1 2026, for an estimated $2,165,401
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
