Miller Industries Reports 2010 Third Quarter EPS of $.24
Miller Industries, Inc. (NYSE: MLR) today announced financial results for the third quarter ended September 30, 2010.
For the third quarter of 2010, net sales were $73.7 million, an increase of 28.0% compared with $57.5 million for the third quarter of 2009. Net income in the third quarter of 2010 was $2.9 million, or $0.24 per diluted share, an increase of 72.0% as compared to net income of $1.7 million, or $0.14 per diluted share, in the prior year period.
Gross profit for the third quarter of 2010 was $11.4 million, or 15.5% of net sales, compared to $8.9 million, or 15.4% of net sales, for the third quarter of 2009. For the third quarter of 2010, selling, general and administrative expenses were $6.5 million, compared to $6.0 million in the prior year period.
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