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Miller Industries(MLR) - 2023 Q4 - Earnings Call Transcript

Thanks, Will, and good morning, everyone. Net sales for the fourth quarter 2023 were $296.2 million compared to $225.9 million in the fourth quarter of 2022, a 31.2% year-over-year increase, driven largely by continued strong demand for our products across all our geographies. Cost of operations increased 28.6% to $257.6 million for the fourth quarter 2023 compared to $200.3 million for the fourth quarter 2022. The increase in our cost of operations is largely a function of our higher revenue levels. As a p ...