Miller Industries, Inc.

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, sir.

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 second quarter results, which were released after the closing 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.

Thank you, and good morning, everyone. We are very pleased to report yet another strong quarter with record results. The year-over-year growth was predominantly due to consistent demand from customers, increased production volume, and elevated OEM chassis deliveries in the quarter. As a result, we generated revenues of $371.5 million, increasing 23.7% year-over-year. Gross profit for the second quarter was $51.1 million, an increase of 27.9% compared to the prior year quarter. while our gross margin of 13.8% improved 50 basis points year-over-year and 120 basis points sequentially. Gross margins expanded due to benefits from productivity initiatives and manufacturing efficiencies. We continue to maintain production levels to decrease our backlog to historical levels, allowing us to meet future customer expectations. While we anticipate that chassis deliveries will normalize during the second half of the year, In our international business, which accounts for approximately 10% of our total sales, we are encouraged by the strong levels of customer demand we continue to see. Our order intake remains robust while our backlog is stable. We continue to increase production internationally and anticipate additional upside if and when geopolitical tensions in Europe begin to subside. As we enter the second half of the year, we are focused on assisting distribution in delivering retail product to ensure the revenue we generate translates into cash, which will fund our continued growth and enhance the strength of our balance sheet. Lastly, before I turn the call over to Debbie, I want to touch on the production capacity expansion plans we mentioned last quarter. We continue to analyze future production needs at all of our facilities around the globe and work diligently to invest our capital to maximize shareholder returns through continued investment in the business, quarterly dividends, and our share repurchase program. Now I'll turn the call over to Debbie, who will review the second quarter financial results in more detail. Following her remarks, I'll provide some closing comments and an update on our outlook. Debbie?