Miller Industries, Inc. (NYSE:MLR) Q3 2024 Earnings Conference Call November 13, 2024 10:00 AM ET

Company Participants

Mike Gaudreau - FTI Consulting
Will Miller - President, CEO & Director
Deborah Whitmire - EVP, CFO & Treasurer

Conference Call Participants

Mike Shlisky - D.A. Davidson

Operator

Good day, ladies and gentlemen, and welcome to the Miller Industries Third Quarter 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 Gaudreau, FTI Consulting. Please go ahead.

Mike Gaudreau

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 third 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.

Will Miller

Thank you, and good morning, everyone. Before I begin, I want to take a moment to extend my sympathies to those impacted by the recent hurricanes in the Southeast and the extreme loss of life and property. First and foremost, our thoughts are with those still suffering and we hope for a speedy recovery for those affected.

We are not immune to these extreme weather events and Hurricane Helen, in particular, had an impact on our operations. As a result, we had to pause production in our Greeneville, our smallest facility for 2 weeks. While the financial impact was thankfully marginal, impacting our revenues for the quarter by low single-digit millions. Our focus was ensuring that our employees were safe, secure and able to perform their jobs to the best of their ability.

We are still assessing the hurricane impact on our production, but expect an effect on fourth quarter results to be equally minimal and expect that the marginal impact to revenue in the third quarter will be shifted into the fourth quarter as we catch up on invoicing.