MILLER INDUSTRIES INC Financials

PERIOD ENDING31-Jul-0930-Apr-0931-Jan-0931-Oct-08Total Revenue94  92  137  144  Cost of Revenue -  61  136   -  Gross Profit94  31  2  144  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative59  11  (68)94  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss36  20  69  51  Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes36  20  68  51  Interest Expense11  17  14  26  Income Before Tax24  3  54  25  Income Tax Expense(7)127  21  5  Minority Interest -   -   -   -  Net Income From Continuing Ops31  (124)34  20  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   ...
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MILLER INDUSTRIES INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations (First Quarter of 2009 Fiscal Year compared to First Quarter of 2010 Fiscal Year) Rental Income. The Company's results of operations are primarily dependent upon the rental income which it receives from leasing space in its building. Rental income is a function of the percentage of the building which is occupied and the level of rental rates. Rental income during the first quarter of the 2010 fiscal year was $93,000, compared with $124,000 in the first quarter of 2009. The decrease is due to the loss of a tenant. Hardware Sales (Net). The Company receives revenue from the sale of replacement parts for the sliding glass doors and windows formerly manufactured by the Company. The Company utilizes its existing inventory of these parts to support these sales. Net sales were immaterial in 2009 and in 2008. Other Income. The Company generated other income of $2,000 in the first quarter of fiscal year 2010 and $5,000 in 2009. Other income in these quarters consisted of interest income and miscellaneous income. Rental Expense (Excluding Interest). The Company incurs rental expense in connection with the leasing of its building. These expenses consist of management fees, insurance, real estate taxes, depreciation and amortization, insurance, maintenance and repairs, utility costs and outside services. Rental expenses were $48,000 in the first quarter of fiscal year 2010 and $43,000 in the first quarter of 2009. The increase was primarily due to higher insurance premiums and management fees. Administrative Expenses. The Company's administrative expenses were $11,000 in both the first quarter of fiscal years 2010 and 2009. Interest Expense. The Company pays interest on the mortgage loan on its building. Interest expense on the loan was $11,000 in the first quarter of fiscal year 2010 compared to $21,000 in 2009. The decrease in the amount of i...
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MILLER INDUSTRIES INC Financials

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MILLER INDUSTRIES INC Files SEC form 10KSB, Annual Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations (2008 compared to 2007) Rental Income The Company's results of operations are primarily dependant upon the rental income which it receives from leasing space in its building. Rental income is a function of the percentage of the building which is occupied, and the level of rental rates. Rental income during 2008 was $527,000, compared with $491,000 in 2007. The increase in rental income was due to a higher level of occupancy at the building. Hardware Sales The Company receives revenue from the sale of replacement parts for the sliding glass doors and windows formerly manufactured by the Company. These sales were $19,000 in 2007 compared to $2,000 in 2008. The sales decrease was due to a decrease in demand for replacement parts. Other Income The Company generated other income of $44,000 in 2008, compared to $42,000 in 2007. Other income in 2007 and 2006 principally consisted of interest income. Rental Expense (Excluding Interest) The Company incurs rental expense in connection with the leasing of its building. These expenses consist of management fees, insurance, real estate taxes, depreciation and amortization, insurance, maintenance and repairs, utility costs and outside services. Rental expenses were $194,000 in 2008 and $235,000 in 2007. The principal components were management fees ($36,000 in both 2008 and in 2007), taxes ($82,000 in 2008 and $90,000 in 2007), depreciation and amortization ($33,000 in 2008 and 27,000 in 2007), repairs and maintenance ($11,000 in 2008 and $34,000 in 2007) and insurance ($32,000 in 2008 and $27,000 in 2007). Cost of Hardware Sales The Company records the cost of its hardware sales in connection with the sale of replacement parts to customers of its former window and sliding glass door business. These costs are tied to the level of h...
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