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Miller Industries (MLR) investor relations material
Miller Industries 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.17th Annual Southwest IDEAS Conference summary19 Nov, 2025
Company overview and operations
Founded in 1990, operates six manufacturing facilities in the U.S., England, and France, and is listed on the NYSE.
Manufactures a full line of towing and recovery equipment under multiple brands, with a focus on innovation, safety, and quality.
Employs about 1,500 people worldwide and emphasizes employee development and internal career growth.
Expanded U.S. manufacturing space from 40,000 to over 1 million square feet since inception.
Integrated a new ERP system in 2021 and invests in robotics, IT, and cybersecurity.
Market and industry dynamics
Primary market is commercial towing, with additional focus on rental, salvage, government, and military sectors.
Key industry drivers include miles driven, aging vehicle fleets, infrastructure, and natural disasters.
North America accounts for about 90% of revenue, with a strong exclusive distribution network.
International growth targeted, especially in Europe, with recent facility expansions and a focus on fragmented markets.
Rental industry market share has grown significantly since 2014, now supplying four of the largest rental companies.
Product mix and technology trends
Highest volume products are small two-car carriers and light-duty recovery vehicles; commercial and military vehicles are lower in volume but higher in value.
Electric and autonomous vehicles have a net neutral impact; most towing is already done with carriers suitable for EVs.
Two-thirds of retail revenue comes from breakdowns, not accidents, mitigating risk from autonomous vehicle adoption.
AI is used for internal processes like parts order entry, but manufacturing remains human-driven.
How does distributor inventory impact production?
Key M&A criteria for European market growth?
EV and autonomy impact on towing demand?
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Next Miller Industries earnings date
Q4 20254 Mar, 2026
Next Miller Industries earnings date
Q4 20254 Mar, 2026
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Frequently asked questions
Miller Industries, Inc. is a U.S.-based manufacturer of towing and recovery equipment. The company designs, produces, and markets a wide range of products, including light- and heavy-duty wreckers, car carriers, and multi-vehicle transport trailers. Miller Industries serves towing operators, government agencies, and commercial transportation businesses. The company is headquartered in Ooltewah, Tennessee, and its shares are listed on the New York Stock Exchange (NYSE).
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