Miller Historical Income Statement

MLR Stock  USD 50.15  0.84  1.70%   
Historical analysis of Miller Industries income statement accounts such as Gross Profit of 82.2 M can show how well Miller Industries performed in making a profits. Evaluating Miller Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Miller Industries's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Miller Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Miller Industries is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.

About Miller Income Statement Analysis

Miller Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Miller Industries shareholders. The income statement also shows Miller investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Miller Industries Income Statement Chart

Miller Industries Income Statement is one of the three primary financial statements used for reporting Miller's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Miller Industries revenue and expense. Miller Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Miller Industries' Net Income is relatively stable compared to the past year. As of 03/28/2024, Income Tax Expense is likely to grow to about 16.3 M, while Interest Expense is likely to drop slightly above 4.3 M.

Total Revenue

Total revenue comprises all receipts Miller Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Miller Industries minus its cost of goods sold. It is profit before Miller Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Miller Industries. It is also known as Miller Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Miller Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Miller Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Miller Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Miller Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.At this time, Miller Industries' Net Income is relatively stable compared to the past year. As of 03/28/2024, Income Tax Expense is likely to grow to about 16.3 M, while Interest Expense is likely to drop slightly above 4.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.4M3.4M6.0M4.3M
Depreciation And Amortization11.0M11.8M13.2M7.2M

Miller Industries income statement Correlations

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Click cells to compare fundamentals

Miller Industries Account Relationship Matchups

Miller Industries income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization9.1M9.6M11.0M11.8M13.2M7.2M
Interest Expense2.4M1.2M1.4M3.4M6.0M4.3M
Total Revenue818.2M651.3M717.5M848.5M1.2B1.2B
Gross Profit96.5M78.4M69.9M82.4M151.9M82.2M
Other Operating Expenses765.1M612.6M693.9M818.9M1.1B1.1B
Operating Income43.6M29.7M12.1M17.3M78.8M82.7M
Ebit43.6M29.7M12.1M17.3M78.8M82.7M
Ebitda52.8M39.3M23.1M29.1M92.0M96.6M
Cost Of Revenue721.7M572.9M647.6M766.0M1.0B1.1B
Total Operating Expenses43.4M39.7M46.2M52.8M73.1M40.2M
Income Before Tax50.4M38.1M21.8M25.7M73.8M77.5M
Total Other Income Expense Net(253K)6.7M8.4M9.7M(5.0M)(5.2M)
Net Income39.1M29.8M16.3M20.3M58.3M61.2M
Income Tax Expense11.3M8.3M5.5M5.4M15.5M16.3M
Selling General Administrative43.4M39.7M46.2M52.8M69.8M73.3M
Net Income Applicable To Common Shares39.1M29.8M16.3M20.3M23.4M18.4M
Net Income From Continuing Ops39.1M29.8M16.3M20.3M50.9M25.8M
Research Development3.7M4.7M3.6M4.0M4.6M2.7M
Tax Provision11.3M8.3M5.5M5.4M13.6M7.0M
Net Interest Income(2.4M)(1.2M)(1.4M)(3.4M)(5.8M)(5.5M)
Reconciled Depreciation9.1M9.6M11.0M11.8M12.8M10.7M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Miller Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Miller Industries' short interest history, or implied volatility extrapolated from Miller Industries options trading.

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When determining whether Miller Industries is a strong investment it is important to analyze Miller Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Miller Industries' future performance. For an informed investment choice regarding Miller Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.
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Is Miller Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Miller Industries. If investors know Miller will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Miller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.793
Dividend Share
0.72
Earnings Share
5.07
Revenue Per Share
100.827
Quarterly Revenue Growth
0.312
The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Miller Industries' market value can be influenced by many factors that don't directly affect Miller Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.