Miller Industries Inc. boosted its first quarter sales by nearly 22 percent over last year and company officials said today they expect the upturn to continue.
The Ooltewah-based tow truck and equipment maker said today its net income rose 29.5 percent to $12 million, or 27 cents per share, on sales of $126.8 million during the first three months of 2015.
The company also announced that its board has declared a quarterly cash dividend of 16 cents per share, payable June 22, to shareholders of record at the close of business on June 15.
Jeffrey I. Badgley, Co-CEO of Miller Industries, said he was pleased with the results and said the company "continued to make inroads on a global scale" during the period.
"We remained focused on improving our business in order to drive strong top- and bottom-line results," he said. "We are continuing to see high levels of quoting activity domestically and internationally. Additionally, we recently attended the April Florida Tow Show, where customer sentiment was quite positive and our new product offerings were very well-received, which give us confidence in the long-term prospects of our business and in our ability to increase our current order levels."