Miller Historical Income Statement

MLR Stock

USD 71.93 4.68 6.96%

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.

Cash Flow Balance Sheet Income Statement

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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.

Net Income Gross Profit

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 closely tied 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

At this time, Miller Industries' Net Income is relatively stable compared to the past year. As of 11/25/2024, 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 Gross Profit Other Operating Expenses Operating Income Income Tax Expense

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 closely tied 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 11/25/2024, 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 Expense	1.4M	3.4M	6.0M	4.3M
Depreciation And Amortization	11.0M	11.8M	13.2M	7.2M

Interest Expense Depreciation And Amortization

Miller Industries income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Research Development	Non Operating Income Net Other	Non Recurring	Minority Interest	Tax Provision	Net Interest Income	Reconciled Depreciation	Interest Income	Selling And Marketing Expenses
Depreciation And Amortization		0.74	0.8	0.84	0.81	0.42	0.58	0.65	0.81	0.94	0.55	0.0	0.6	0.27	-0.52	0.59	0.83	-0.75	0.81	0.65	-0.03	-0.6	0.91	0.64	0.53
Interest Expense	0.74		0.9	0.86	0.89	0.8	0.87	0.89	0.89	0.84	0.83	-0.5	0.86	0.58	-0.63	0.72	0.84	-0.6	0.58	0.47	0.24	-0.97	0.83	0.9	0.92
Total Revenue	0.8	0.9		0.85	1.0	0.81	0.88	0.92	1.0	0.85	0.87	-0.37	0.9	0.64	-0.56	0.61	0.93	-0.66	0.69	0.69	0.08	-0.86	0.81	0.71	0.76
Gross Profit	0.84	0.86	0.85		0.84	0.76	0.82	0.84	0.84	0.94	0.82	-0.24	0.83	0.66	-0.36	0.83	0.77	-0.63	0.72	0.57	0.39	-0.74	0.75	0.69	0.73
Other Operating Expenses	0.81	0.89	1.0	0.84		0.79	0.86	0.9	1.0	0.85	0.85	-0.36	0.88	0.61	-0.57	0.59	0.93	-0.66	0.7	0.7	0.05	-0.86	0.82	0.71	0.75
Operating Income	0.42	0.8	0.81	0.76	0.79		0.97	0.95	0.78	0.59	0.98	-0.54	0.97	0.88	-0.29	0.72	0.69	-0.46	0.38	0.38	0.39	-0.83	0.5	0.57	0.8
Ebit	0.58	0.87	0.88	0.82	0.86	0.97		1.0	0.86	0.69	0.99	-0.49	0.99	0.83	-0.41	0.75	0.8	-0.62	0.46	0.43	0.27	-0.88	0.67	0.65	0.82
Ebitda	0.65	0.89	0.92	0.84	0.9	0.95	1.0		0.9	0.74	0.98	-0.47	0.98	0.8	-0.46	0.74	0.85	-0.66	0.51	0.48	0.22	-0.89	0.74	0.68	0.83
Cost Of Revenue	0.81	0.89	1.0	0.84	1.0	0.78	0.86	0.9		0.85	0.85	-0.35	0.88	0.61	-0.56	0.59	0.93	-0.66	0.71	0.7	0.06	-0.85	0.82	0.71	0.74
Total Operating Expenses	0.94	0.84	0.85	0.94	0.85	0.59	0.69	0.74	0.85		0.67	-0.24	0.69	0.47	-0.55	0.64	0.79	-0.61	0.74	0.58	0.19	-0.71	0.84	0.75	0.7
Income Before Tax	0.55	0.83	0.87	0.82	0.85	0.98	0.99	0.98	0.85	0.67		-0.42	0.99	0.87	-0.31	0.77	0.78	-0.59	0.49	0.47	0.34	-0.84	0.61	0.59	0.78
Total Other Income Expense Net	0.0	-0.5	-0.37	-0.24	-0.36	-0.54	-0.49	-0.47	-0.35	-0.24	-0.42		-0.4	-0.44	0.6	-0.09	-0.24	-0.04	0.1	0.02	-0.07	0.61	-0.19	-0.59	-0.71
Net Income	0.6	0.86	0.9	0.83	0.88	0.97	0.99	0.98	0.88	0.69	0.99	-0.4		0.8	-0.34	0.78	0.83	-0.63	0.52	0.49	0.3	-0.86	0.66	0.61	0.79
Income Tax Expense	0.27	0.58	0.64	0.66	0.61	0.88	0.83	0.8	0.61	0.47	0.87	-0.44	0.8		-0.17	0.58	0.44	-0.34	0.25	0.3	0.44	-0.6	0.31	0.39	0.6
Selling General Administrative	-0.52	-0.63	-0.56	-0.36	-0.57	-0.29	-0.41	-0.46	-0.56	-0.55	-0.31	0.6	-0.34	-0.17		-0.05	-0.54	0.35	-0.18	-0.17	0.26	0.67	-0.72	-0.75	-0.68
Net Income From Continuing Ops	0.59	0.72	0.61	0.83	0.59	0.72	0.75	0.74	0.59	0.64	0.77	-0.09	0.78	0.58	-0.05		0.59	-0.68	0.6	0.41	0.52	-0.62	0.57	0.5	0.6
Research Development	0.83	0.84	0.93	0.77	0.93	0.69	0.8	0.85	0.93	0.79	0.78	-0.24	0.83	0.44	-0.54	0.59		-0.71	0.67	0.66	0.02	-0.8	0.88	0.67	0.72
Non Operating Income Net Other	-0.75	-0.6	-0.66	-0.63	-0.66	-0.46	-0.62	-0.66	-0.66	-0.61	-0.59	-0.04	-0.63	-0.34	0.35	-0.68	-0.71		-0.61	-0.51	0.13	0.54	-0.81	-0.45	-0.4
Non Recurring	0.81	0.58	0.69	0.72	0.7	0.38	0.46	0.51	0.71	0.74	0.49	0.1	0.52	0.25	-0.18	0.6	0.67	-0.61		0.87	0.07	-0.39	0.62	0.38	0.31
Minority Interest	0.65	0.47	0.69	0.57	0.7	0.38	0.43	0.48	0.7	0.58	0.47	0.02	0.49	0.3	-0.17	0.41	0.66	-0.51	0.87		-0.05	-0.35	0.49	0.28	0.25
Tax Provision	-0.03	0.24	0.08	0.39	0.05	0.39	0.27	0.22	0.06	0.19	0.34	-0.07	0.3	0.44	0.26	0.52	0.02	0.13	0.07	-0.05		-0.19	-0.07	0.14	0.35
Net Interest Income	-0.6	-0.97	-0.86	-0.74	-0.86	-0.83	-0.88	-0.89	-0.85	-0.71	-0.84	0.61	-0.86	-0.6	0.67	-0.62	-0.8	0.54	-0.39	-0.35	-0.19		-0.77	-0.89	-0.95
Reconciled Depreciation	0.91	0.83	0.81	0.75	0.82	0.5	0.67	0.74	0.82	0.84	0.61	-0.19	0.66	0.31	-0.72	0.57	0.88	-0.81	0.62	0.49	-0.07	-0.77		0.78	0.7
Interest Income	0.64	0.9	0.71	0.69	0.71	0.57	0.65	0.68	0.71	0.75	0.59	-0.59	0.61	0.39	-0.75	0.5	0.67	-0.45	0.38	0.28	0.14	-0.89	0.78		0.89
Selling And Marketing Expenses	0.53	0.92	0.76	0.73	0.75	0.8	0.82	0.83	0.74	0.7	0.78	-0.71	0.79	0.6	-0.68	0.6	0.72	-0.4	0.31	0.25	0.35	-0.95	0.7	0.89

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Miller Industries Account Relationship Matchups

Miller Industries income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	9.1M	9.6M	11.0M	11.8M	13.2M	7.2M
Interest Expense	2.4M	1.2M	1.4M	3.4M	6.0M	4.3M
Total Revenue	818.2M	651.3M	717.5M	848.5M	1.2B	1.2B
Gross Profit	96.5M	78.4M	69.9M	82.4M	151.9M	82.2M
Other Operating Expenses	765.1M	612.6M	693.9M	818.9M	1.1B	1.1B
Operating Income	43.6M	29.7M	12.1M	17.3M	78.8M	82.7M
Ebit	43.6M	38.6M	23.6M	29.6M	79.8M	83.7M
Ebitda	52.8M	48.2M	34.7M	41.4M	93.0M	97.7M
Cost Of Revenue	721.7M	572.9M	647.6M	766.0M	1.0B	1.1B
Total Operating Expenses	43.4M	39.7M	46.2M	52.8M	73.1M	40.2M
Income Before Tax	50.4M	38.1M	21.8M	25.7M	73.8M	77.5M
Total Other Income Expense Net	6.7M	4.2M	1.7M	140K	(5.0M)	(5.2M)
Net Income	39.1M	29.8M	16.3M	20.3M	58.3M	61.2M
Income Tax Expense	11.3M	8.3M	5.5M	5.4M	15.5M	16.3M
Selling General Administrative	43.4M	39.7M	200K	943K	1.2M	1.1M
Net Income Applicable To Common Shares	39.1M	29.8M	16.3M	20.3M	23.4M	18.4M
Net Income From Continuing Ops	39.1M	29.8M	16.3M	20.3M	50.9M	25.8M
Research Development	3.7M	4.7M	3.6M	4.0M	6M	6.3M
Tax Provision	11.3M	8.3M	5.5M	5.4M	13.6M	7.0M
Net Interest Income	(2.4M)	(1.2M)	(1.4M)	(3.4M)	(5.8M)	(5.5M)
Reconciled Depreciation	9.1M	9.6M	11.0M	11.8M	12.8M	10.7M

Pair Trading with Miller Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Miller Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Miller Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Miller Stock

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0.63	EFSH	1847 Holdings LLC	Pair Corr
0.62	WPRT	Westport Fuel Systems	Pair Corr

The ability to find closely correlated positions to Miller Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miller Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Miller Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Miller Industries to buy it.

The correlation of Miller Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Miller Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miller Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Miller Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Miller Stock Analysis

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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Miller Historical Income Statement

About Miller Income Statement Analysis

Miller Industries Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Miller Industries income statement Correlations

Miller Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Miller Industries income statement Accounts

Pair Trading with Miller Industries

Moving against Miller Stock

Additional Tools for Miller Stock Analysis

COMMON DESTINATIONS

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COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 0.99	Ebit
Net Income	+ 0.99	Ebit

Net Interest Income	- 0.97	Interest Expense
Selling And Marketing Expenses	- 0.95	Net Interest Income
Interest Income	- 0.89	Net Interest Income
Net Interest Income	- 0.89	Ebitda
Net Interest Income	- 0.88	Ebit
Net Interest Income	- 0.86	Net Income