5/8/2025

speaker
Operator
Conference Operator

Good day, ladies and gentlemen, and welcome to the Miller Industries First Quarter 2025 Results Conference Call. Please note, this event is being recorded. And now, at this time, I would now like to turn the call over to Mike Goodrow at FDI Consulting. Please go ahead, sir.

speaker
Mike Goodrow
FDI 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 2025 first quarter results, which were released after the close of the 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

Good morning, everyone, and thank you for joining us today. Miller Industries is the world's largest manufacturer of towing and recovery equipment. Our product lines span light, medium, and heavy-duty recovery vehicles, car carriers, military recovery solutions, and more. With 10 manufacturing facilities across the United States, France, and the UK, we are uniquely positioned to serve our global customer base. Our long-standing leadership in the industry is built on a foundation of exceptional people, best-in-class products, and the strongest distribution network in the towing and recovery market. Moving to our first quarter performance, despite macroeconomic uncertainty, we are pleased with the results that align with our expectations. we continue to execute on our strategy of returning to a normalized channel flow, which will position us for growth in the future. We have used this period as an opportunity to reduce field inventory and product lead times, streamline operations, evaluate our supply chain, and return capital to shareholders. Now I'll turn the call over to Debbie to walk through the quarter in more detail, and I'll return later to speak on our outlook regulatory developments, and capital allocation.

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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