Revenue Update on Miller Industries(NYSE:MLR)

Miller Industries(NYSE:MLR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $0.58.

Miller Industries (MLR) shares turned negative on Fridays trading session with the shares closing down -0.26 points or -1.24% at a volume of 35,532. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.2243. The peak price level was also seen at $21.2243 while the days lowest was $20.6605. Finally the shares closed at $20.77. The 52-week high of the shares is $23.79 while the 52-week low is $18.93. According to the latest information available, the market cap of the company is $236 M.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, A Russell Iii Chandler (director) sold 1,000 shares at $20.40 per share price.Also, On Apr 2, 2015, Jeffrey I Badgley (Co-Chief Executive Officer) sold 7,800 shares at $24.87 per share price.

Miller Industries Inc. is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers which are installed on truck chassis manufactured by third parties. Wreckers generally are used to recover and tow disabled vehicles and other equipment and range in type from the conventional tow truck to large recovery vehicles with rotating hydraulic booms and up to 75-ton lifting capacities. Car carriers are flatbed 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 and are used for longer distances. The Company purchases truck chassis for resale. It also manufactures vehicle transport trailers.

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