MILLER INDUSTRIES INC TN
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
MLR$48.62+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| | | | | | |
|---|---|---|---|---|---|
| · March 31, 2024 · December 31, 2023 | |||||
| (in thousands, except per share amounts) · (Unaudited) · · · | |||||
| Assets | | | | | |
| Current assets: | | | | | |
| Cash and temporary investments | $26,809 | | $29,909 | ||
| Accounts receivable, net of allowance for credit losses of $1,578 and $1,527 at March 31, 2024 and December 31, 2023, respectively | 338,887 | | 286,138 | ||
| Inventories, net | 184,274 | | 189,807 | ||
| Prepaid expenses | 8,843 | | 4,617 | ||
| Total current assets | 558,813 | | 510,471 | ||
| Noncurrent assets: | | | | | |
| Property, plant and equipment, net | 116,172 | | 115,072 | ||
| Right-of-use assets - operating leases | | 738 | | | 826 |
| Goodwill | 20,022 | | 20,022 | ||
| Other assets | 786 | | 819 | ||
| Total assets | $696,531 | | $647,210 | ||
| | | | | | |
| Liabilities and shareholders' equity | | | | | |
| Current liabilities: | | | | | |
| Accounts payable | $229,040 | | $191,782 | ||
| Accrued liabilities | 43,512 | | 40,793 | ||
| Income taxes payable | | 1,773 | | | 1,819 |
| Current portion of operating lease obligation | | 311 | | | 320 |
| Total current liabilities | 274,636 | | 234,714 | ||
| Noncurrent liabilities: | | | | | |
| Long-term obligations | 55,000 | | 60,000 | ||
| Noncurrent portion of operating lease obligation | 426 | | 506 | ||
| Deferred income tax liabilities | 4,110 | | 4,070 | ||
| Total liabilities | 334,172 | | 299,290 | ||
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| Commitments and contingencies (Note 8) | | | | | |
| | | | | | |
| Shareholders' equity: | | | | | |
| Preferred shares, $0.01 par value per share: | | | | ||
| Authorized – 5,000,000 shares, Issued–none | | — | | | — |
| Common shares, $0.01 par value per share: | | | | | |
| Authorized – 100,000,000 shares, Issued and outstanding 11,469,960 and 11,445,640 outstanding at March 31, 2024 and December 31, 2023, respectively | | 115 | | | 114 |
| Additional paid-in capital | 153,743 | | 153,574 | ||
| Retained earnings | 215,009 | | 200,165 | ||
| Accumulated other comprehensive loss | (6,508) | | (5,933) | ||
| Total shareholders’ equity | 362,359 | | 347,920 | ||
| Total liabilities and shareholders' equity | $696,531 | | $647,210 | ||
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| 4 | Q1 FY 2024 FORM 10-Q | |
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| FINANCIAL STATEMENTS | |
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