Business Briefs: Miller Industries boosts earnings

Business Briefs: Miller Industries boosts earnings

May 8th, 2014 by Associated Press and Staff Report in Business Around the Region

The logo of Miller Industries is seen on a component.

The logo of Miller Industries is seen on...

Photo by John Rawlston /Times Free Press.

Miller Industries boosts earnings

Miller Industries is stepping up production to meet demand after a strong first quarter, co-CEO Jeff Badgley said in a release Wendesday.

The Ooltewah-based tow truck equipment manufacturer recorded $104.2 million in net sales in the first quarter of 2014, up almost 23 percent over first quarter 2013. Gross profit was $10.9 million, up slightly from last year's $8.6 million.

"Overall, 2014 started with strong revenue and profitability growth despite the impact of weather-related issues during the quarter," Badgley said. "Our backlog continued to rise, and as a result, we are further ramping up production at our facilities."

The company declared a quarterly cash dividend of 15 cents per share.

Fire at Mohawk plant in Dalton

Whitfield County firefighters responded to a fire at a Mohawk Industries plant at 2001 Antioch Road in Dalton, Ga., at 4:20 p.m. Wednesday, Whitfield County dispatchers said.

The Whitfield County Sheriff's Department, EMS and Fire Department responded, and no injuries were reported Wednesday afternoon. The cause of the fire is under investigation.