MILLER INDUSTRIES INC /TN/ Earnings Per Share Disclosure
13.EARNINGS PER SHARE
The following table reconciles the number of shares of common stock used to calculate basic and diluted earnings per share:
Years Ended December 31, | |||||||||
(in thousands, except share and per share amounts) | | 2025 | | 2024 | | 2023 | |||
BASIC EARNINGS PER SHARE OF COMMON STOCK: |
| |
| |
| | |||
Net income - basic | $ | 23,014 |
| $ | 63,494 |
| $ | 58,291 | |
Weighted shares outstanding |
| 11,447,236 |
|
| 11,449,864 |
|
| 11,438,965 | |
Basic earnings per share of common stock | $ | 2.01 |
| $ | 5.55 |
| $ | 5.10 | |
|
| ||||||||
DILUTED EARNINGS PER SHARE OF COMMON STOCK: |
|
| |||||||
Net income - basic | $ | 23,014 |
| $ | 63,494 |
| $ | 58,291 | |
Weighted shares outstanding - basic | 11,447,236 |
| 11,449,864 |
| 11,438,965 | ||||
Effect of dilutive securities | 167,369 |
| 151,740 |
| 67,995 | ||||
Weighted shares outstanding - diluted | 11,614,605 |
| 11,601,603 |
| 11,506,960 | ||||
Diluted earnings per share of common stock | $ | 1.98 |
| $ | 5.47 |
| $ | 5.07 | |
The Company did not have any anti-dilutive securities for the years ended December 31, 2025, 2024, or 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 4, 2026 | Showing above |
| 2024 | Mar 5, 2025 | |
| 2023 | Mar 6, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.