Vince Mish, CFO of Miller Industries Inc., speaks during a press conference at Miller Industries in Ooltewah, Tennessee.
Jeff Badgley, CEO of Miller Industries Inc.,
Jamison Linden, GM of Ooltewah Operations,
Randy Olson, VP of Marketing,
Tom Griffin, Exports,
Vince Tiano, VP, blue polo stipes
Vince Mish, CFO, (hat)
Bill Beckley, Corporate director of Human Resources,
Chattanooga tow truck-maker Miller Industries on Wednesday reported third quarter earnings jumped on much higher revenues.
Also, the company announced J. Vincent Mish, its executive vice president, chief financial officer and treasurer, will retire effective at year’s end after more than 25 years.
Net sales were $147.6 million, an increase of 17 percent, compared to $126.2 million for the third quarter of 2015, the company reported after the stock market’s close.
Net income in the quarter was $5.5 million, or 49 cents per diluted share, an increase of 74.3 percent, compared to $3.2 million, or 28 cents per diluted share, in the prior year period.
Miller’s stock price closed at $23.10, up $1.25, or 5.72 percent on the New York Stock Exchange.