3/6/2025

speaker
Operator
Conference Operator

Good day, ladies and gentlemen, and welcome to the Miller Industries fourth quarter and full year 2024 results conference call. Please note, this event is being recorded. And now, at this time, I would like to turn the call over to Mike Goudreau at FTI Consulting. Please go ahead.

speaker
Mike Goudreau
Moderator, FTI Consulting

Thank you, and good morning, everyone. I would like to welcome you to the Miller Industries conference call. We are here to discuss the company's 2024 fourth quarter and full year results, which were released after the close of market yesterday. With us from the management team today are Bill Miller, Chairman of the Board, Will Miller, President and CEO, Debbie Whitmire, Executive Vice President and CFO, and Frank Madonia, Executive Vice President, Secretary, and General Counsel. Today's call will begin with formal remarks from management, followed by a question and answer session. Please note in this morning's conference call, management may make forward-looking statements in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. I'd like to call your attention to the risks related to these statements, which are more fully described in the company's annual report filed on Form 10-K and other filings with the Securities and Exchange Commission. At this time, I'd like to turn the call over to Will. Please go ahead, Will.

speaker
Will Miller
President and CEO

Hello and good morning. Thank you all for joining us today. Before we begin, as a reminder, and for anyone new to our story, Miller Industries is the world's largest manufacturer of towing and recovery equipment. Our products range from light, medium, and heavy-duty recovery to car carriers, specialty transport, rotators, and military recovery vehicles. We have 10 manufacturing facilities located in the United States, France, and the United Kingdom. We firmly believe our success is rooted in having the best people, product, and distribution network in the towing and recovery industry. Moving on to our results, we are extremely proud of our 2024 performance, which was another record year for Miller Industries. Our record revenue, gross profit, net income, and EPS for fiscal year 2024 are a testament to the efforts of our employees, suppliers, customers, and shareholders. I'd like to thank our incredible team for their dedication and hard work. Their commitment has been instrumental in making this another outstanding year. Now I'd like to turn the call over to Debbie, who will review our fourth quarter and full year financial results. in more detail. Following her remarks, I'll come back with some key thoughts on our markets in 2025, a discussion on opportunities that lie ahead, and finish by addressing our capital allocation strategy and guidance.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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