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Miller Industries Inc 2026年季度报告

2026-05-06 美股财报 起风了
报告封面

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2026 or TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 001-14124 37363(Zip Code) (423) 238-4171(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscalyear, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growthcompany” in Rule12b-2 of the Exchange Act: Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). The number of shares outstanding of the registrant’s common stock, par value $0.01 per share, as of April 30, 2026 was 11,395,716. TABLE OF CONTENTS PART I.FINANCIAL INFORMATION4 Item 1.Financial Statements4Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Income5Condensed Consolidated Statements of Comprehensive Income6Condensed Consolidated Statements of Shareholders’ Equity7Condensed Consolidated Statements of Cash Flows8Notes to the Condensed Consolidated Financial Statements9Note 1. Basis of Presentation and Significant Accounting Policies9Note 2. Business Combinations11Note 3. Inventory13Note 4. Property, Plant and Equipment14Note 5. Long-Term Obligations14Note 6. Income Taxes14Note 7. Leases14Note 8. Commitments and Contingencies16Note 9. Shareholders’ Equity16Note 10. Revenue17Note 11. Earnings Per Share18Note 12. Subsequent Events18Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 3.Quantitative and Qualitative Disclosures About Market Risk25Item 4.Controls and Procedures25PART II.OTHER INFORMATION26Item1.Legal Proceedings26Item1A.Risk Factors26Item 2.Unregistered Sales of Equity Securities and Use of Proceeds26Item 3.Defaults Upon Senior Securities26Item 4.Mine Safety Disclosures26Item 5.Other Information26Item 6.Exhibits27SIGNATURES28 FORWARD-LOOKING STATEMENTS Certain statements in this Quarterly Report on Form10-Q, including but not limited to statements made in PartI, Item2 –“Management’s Discussion and Analysis of Financial Condition and Results of Operations”,statements about anticipatedeffects of adopting certain accounting standards, statements made with respect to future operating results, and statementsabout trends, events, or developments that we expect or anticipate will occur in the future are forward-looking statements.Forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “could”, “continue”,“future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate”, andsimilar expressions, or the negative of such terms, or other comparable terminology. However, the absence of these wordsor similar expressions does not mean that a statement is not forward-looking. Forward-looking statements also include theassumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are made based onour management’s beliefs as well as assumptions made by, and information currently available to, our management. Ouractual results may differ materially from the results anticipated in these forward-looking statements due to, among otherthings, the risks set forth in Part I, Item 1A – “Risk Factors” in our most recent Annual Report on Form 10-K for the fiscalyear ended December 31, 2025 and in our other filings with the Securities and Exchange Commission. Given these uncertainti