Jeff Badgley, CEO of Miller Industries Inc., speaks during a press conference at Miller Industries in Ooltewah, Tennessee.
Jeff Badgley, CEO of Miller Industries Inc.,
Jamison Linden, General Manager of Operations for the Ooltewah branch of Miller Industries Inc.,
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,
Buoyed by $54 million of plant upgrades and investments at its plants in Tennessee and Pennsylvania, Miller Industries boosted its sales this summer by nearly 28 percent and nearly doubled its third quarter profits.
The better-than-expected results for the Ooltewah-based tow truck equipment maker boosted shares of Miller Industries Thursday by nearly 10 percent from the 19-month low the company reached on Wednesday. Miller Industries said it has completed the $20 million expansion of its Ooltewah production facility, which added 175 jobs in Chattanooga over the past two years, and other major expansions at its plants in Greeneville, Tennessee and Hermitage, Pennsylvania., helping to grow the company’s total staff to more than 1,000 employees.
Jeff Badgley, co-CEO of Miller Industries told industry analysts Thursday that after the aggressive expansion effort, the company has boosted its capacity and improved its work flow and will be spending less in the near term on more capital projects.
“We are very pleased with our new facility improvements and are proud of the impact it has on our community,” Badgely said in an announcement Thursday of the completion of the company’s 30,000-square-foot addition to its paint facility in Ooltewah earlier this year. “With these additions, our Ooltewah, Tennessee facility now contains approximately 331,000 square feet of world class manufacturing and administrative space.”
The Tennessee Department of Economic and Community Development, which provided some training and technical aid for the Miller Industries expansion, said the additions began in Ooltewah in 2016 and were completed in the first quarter of this year.