Miller Industries, Inc. (NYSE:MLR) Q4 2023 Earnings Call Transcript

Will Miller: Thank you, Debbie. Our results over the last two quarters of fiscal year 2023 have given us increased confidence in our business strategy. As top-line growth has continued to improve, we are encouraged that our strategy has also yielded improved productivity and profitability. We continue to see no slowdown in the demand of our products across any of our geographies, giving us further encouragement that 2023 is only the very beginning of what this company can achieve. While our North American business has remained strong, as evidenced by our backlog approaching $1 billion, our international business is seeing signs of further improvement due to potential cleanup efforts as a result of continuing geopolitical strife.

This time last year, we provided annual guidance for the first time with expectations for at least $1 billion of revenue in fiscal year 2023, with significant improvements in our year-over-year profitability. Today, we provide that to be true through our diligent execution, for fiscal year 2024, our plan is to build upon the momentum gained in 2023, with expectations for high single-digit revenue growth and continued productivity enhancements driving flow through to the bottom-line, culminating in another year of record revenue and net income. In closing, the entire management team and I would like to thank all of our employees, suppliers, customers, and shareholders for their continued support of Miller Industries. At this time, we’d like to open the line for any questions.

Operator:

Will Miller: Thank you. I’d like to thank you all again for joining us on the call today, and we look forward to speaking with you on our first quarter conference call. If you would like information on how to participate and ask questions on the call, please visit our Investor Relations website, millerind.com/investors, or email investors.relations@millerind.com. Thank you, all.

Operator: This concludes today’s conference. You may disconnect your lines at this time. And we thank you for your participation.