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Miller Industries MLR Business Segments — Income Tax Expense Benefit

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Other financials

Income statement

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Revenue$240.0M+12.1%
Gross profit$35.9M+3.9%
Net income$7.3M-14.1%
EPS (diluted)$0.63-13.7%

Balance sheet

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Cash & equivalents$55.6M+74.8%
Total debt$5.7M-89.7%
Total assets$609.1M-2.2%

Cash flow

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Operating cash flow$32.2M+18.3%
CapEx$4.2M+150%
Free cash flow$28.0M+9.7%

Valuation

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Market cap$579.24M+21.7%
Enterprise value$529.32M+5.9%
P/E40.5×+29.3×
P/S0.8×+0.3×

Profitability

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Gross margin14.7%0.0pp
Net margin1.9%-2.5pp
FCF margin14.6%

Returns & leverage

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Return on equity15.7%
Debt / equity0.1×
Current ratio2.5×-0.9×

Where this comes from

Reported directly by Miller Industries in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: Miller Industries’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:24 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091141
(in thousands)Three Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Net Sales239,993214,032420,855439,682
Cost of operations204,057179,446359,238371,153
Selling, general and administrative expenses25,17623,40449,12546,664
Interest expense, net352294498389
Other (income) expense, net338(479)324(682)
Income before taxes10,07011,36711,67022,158
Tax expense2,8012,9093,8485,635
CONSOLIDATED NET INCOME$7,269$8,458$7,822$16,523

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Miller Industries's business segments — income tax expense benefit?
Miller Industries (MLR) reported business segments — income tax expense benefit of $2.8M in Q2 2026.
How has Miller Industries's business segments — income tax expense benefit changed year-over-year?
Miller Industries's business segments — income tax expense benefit decreased by 3.7% year-over-year, from $2.91M to $2.8M.
What is the long-term trend for Miller Industries's business segments — income tax expense benefit?
Over 3 years (2022 to 2025), Miller Industries's business segments — income tax expense benefit has grown at a 16.3% compound annual growth rate (CAGR), from $5.39M to $8.48M.
What does business segments — income tax expense benefit mean?
This metric represents the total tax liability or benefit recognized by the segment based on its pre-tax income and applicable tax regulations. It reflects the impact of corporate tax policies on the segment's bottom-line performance. Understanding this helps investors reconcile pre-tax operational success with final net earnings.

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