Miller Industries, Inc. Provides Earnings Guidance for the Third Quarter of 2019
August 07, 2019 at 04:15 pm EDT
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Miller Industries, Inc. provided earnings guidance for the third quarter of 2019. The company's outlook remains positive moving into the third quarter, as economic conditions continue to be strong. Further, as the company enter the back half of 2019, the company will stay focused on generating revenue, executing on cost reduction, and continuing strategic deployment of capital.
Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger.
MILLER INDUSTRIES, INC. 