Miller Industries, Inc. boosted its first quarter earnings by more than 13 percent and predicted continued gains in 2017 as towing equipment sales grow.
The Ooltewah-based tow truck maker said Wednesday it earned $3.8 million, or 34 cents per share, on sales of $148.9 million in the first three months of 2017. In the same period a year ago, Miller Industries earned $3.4 million, or 30 cents per share, on sales of 148.8 million.
"We are very pleased with our performance this quarter, in what was a promising start to 2017," Miller Industries Co-CEO Jeffrey I. Badgley said. "We are encouraged by the healthy demand for our products across our domestic and international markets throughout the quarter ... . Our outlook for the remainder of 2017 remains positive."