SECURITIES AND EXCHANGE
COMMISSION Washington, DC 20549

FORM 10-QSB QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly
period ended January 31, 2004

Commission File No.
1-5926

MILLER INDUSTRIES, INC.   (Exact Name of Registrant as Specified in its Charter)

|Florida                                                        | 59-0996356                                       
|-------------------------------------------------------------- | -------------------------------------------------
|(State or Other Jurisdiction of
Incorporation or Organization) | (I.R.S. Employer Identification
             No.)

16295 N.W. 13th Avenue, Miami, Florida 33169
(Address of Principal Executive Offices)

(305) 621-0501 
 (Registrants telephone number, including area code)

Indicate
by check mark whether the registrant: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.

Yes [  ] No [X]

The
number of shares outstanding of each of the issuers classes of common stock, par
value $.05 per share, as of January 31, 2004 is 2,982,662 shares.

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MILLER INDUSTRIES,
INC.FORM 10-QSB January 31, 2004

INDEX

|                                                               | Page No.
|-------------------------------------------------------------- | --------
|PART I:    FINANCIAL INFORMATION                               |         
|Item 1        Financial Statements                             |         
|Balance Sheets                                                 |         
|Statement of Operations - Nine Months Ended                    |         
|Statement of Operations - Three Months Ended                   |         
|Statement of Cash Flows - Nine Months Ended                    |         
|Notes to Financial Statements                                  |         
|Item 2       Management's Discussion and Analysis of Financial |         
|Condition and Results of Operations                            |         
|                                                              
|PART II:  OTHER INFORMATION                                    |         
|Items 1 to 6                                                   |         
|Signatures                                                     |         

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MILLER INDUSTRIES, INC.BALANCE SHEETSJanuary 31, 2004 (UNAUDITED)

|ASSETS                                                | 
|----------------------------------------------------- | 
|Investment Property:                                  | 
|Land                                                  | 
|Building and Improvements                             | 
|Machinery and Equipment                               | 
|Furniture and Fixtures                                | 
|                                                      | 
|Total Cost                                            | 
|Less: Accumulated Depreciation                        | 
|                                                      | 
|Net Book Value                                        | 
|Other Assets:                                         | 
|Cash                                                  | 
|Inventories                                           | 
|Prepaid Expenses and Other Assets                     | 
|Deferred Lease Incentive (Net of Accumulated          | 
|Amortization of $23,283)                              | 
|Loan Costs, Less Accumulated Amortization of  $11,198 | 
|                                                      | 
|Total Other Assets                                    | 
|                                                      | 
|Total Assets                                          | 
|                                                      | 
|LIABILITIES AND SHAREHOLDERS' DEFICIENCY              | 
|Liabilities:                                          | 
|Mortgages and Notes Payable                           | 
|Accounts Payable and Accrued Expenses                 | 
|Tenant Security Deposits                              | 
|                                                      | 
|Total Liabilities                                     | 
|Shareholders' Deficiency:                             | 
|Common Stock, $.05 par, 5,000,000 shares authorized,  | 
|2,982,662 shares issued and outstanding               | 
|Paid-in capital                                       | 
|Deficit                                               | 
|                                                      | 
|Total Shareholders' Deficiency                        | 
|                                                      | 
|Total Liabilities and Shareholders' Deficiency        | 
|                                                      | 

See accompanying notes to financial
statements.

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MILLER INDUSTRIES, INC. STATEMENT OF OPERATIONSFOR THE NINE MONTHS
ENDED JANUARY 31, 2004 AND 2003

(UNAUDITED)

|                                                     | Nine Months Ended
January 31, | 
|---------------------------------------------------- | ----------------------------- | 
|
|Revenues:                                            |                               | 
|Rental Income                                        |                               | 
|Hardware Sales (Net)                                 |                               | 
|Other Income                                         |                               | 
|                                                     |                               | 
|Total Revenue                                        |                               | 
|                                                     |                               | 
|Expenses:                                            |                               | 
|Rental Expense (Except Interest)                     |                               | 
|Cost of Hardware Sales                               |                               | 
|Administrative                                       |                               | 
|Interest                                             |                               | 
|                                                     |                               | 
|Total Expenses                                       |                               | 
|                                                     |                               | 
|Income Before Tax Provision                          |                               | 
|                                                     |                               | 
|Provision for Income Tax:                            |                               | 
|Federal Income Tax                                   |                               | 
|State Income Tax                                     |                               | 
|Tax Benefits of Net Operating Loss Carryforward      |                               | 
|                                                     |                               | 
|Total Provision for Income Tax (Net of Tax Benefits) |                               | 
|Net Income                                           |                               | 
|                                                     |                               | 
|Income per Common Share                              |                               | 
|                                                     |                               | 
|Average Shares of Common Stock Outstanding           |                               | 
|                                                     |                               | 

See accompanying notes to financial
statements.

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MILLER INDUSTRIES, INC. 
STATEMENT OF OPERATIONS FOR THE THREE MONTHS
ENDED JANUARY 31, 2004 AND 2003(UNAUDITED)

|                                                     | Three Months Ended
January 31, | 
|---------------------------------------------------- | ------------------------------ | 
|
|Revenues:                                            |                                | 
|Rental Income                                        |                                | 
|Hardware Sales (Net)                                 |                                | 
|Other Income                                         |                                | 
|                                                     |                                | 
|Total Revenue                                        |                                | 
|                                                     |                                | 
|Expenses:                                            |                                | 
|Rental Expense (Except Interest)                     |                                | 
|Cost of Hardware Sales                               |                                | 
|Administrative                                       |                                | 
|Interest                                             |                                | 
|                                                     |                                | 
|Total Expenses                                       |                                | 
|                                                     |                                | 
|Income Before Tax Provision                          |                                | 
|                                                     |                                | 
|Provision for Income Tax:                            |                                | 
|Federal Income Tax                                   |                                | 
|State Income Tax                                     |                                | 
|Tax Benefits of Net Operating Loss Carryforward      |                                | 
|                                                     |                                | 
|Total Provision for Income Tax (Net of Tax Benefits) |                                | 
|                                                     |                                | 
|Net Income                                           |                                | 
|                                                     |                                | 
|Income per Common Share                              |                                | 
|                                                     |                                | 
|Average Shares of Common Stock Outstanding           |                                | 
|                                                     |                                | 

See accompanying notes to financial
statements.

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MILLER INDUSTRIES, INC. STATEMENT OF CASH FLOWS FOR THE NINE MONTHS
ENDED JANUARY 31, 2004 AND 2003 (UNAUDITED)

|                                                                      | Nine Months Ended
January 31, | 
|--------------------------------------------------------------------- | ----------------------------- | 
|
|Cash Flows From Operating Activities:                                 |                               | 
|Net Income                                                            |                               | 
|Adjustments to Reconcile Net Income to Net Cash Provided by Operating |                               | 
|Activities:                                                           |                               | 
|Depreciation                                                          |                               | 
|Amortization                                                          |                               | 
|Changes in Operating Assets and Liabilities                           |                               | 
|                                                                      |                               | 
|Net Cash Provided by Operating Activities                             |                               | 
|                                                                      |                               | 
|Cash Flows From Investing Activities:                                 |                               | 
|Acquisition of Property and Equipment                                 |                               | 
|                                                                      |                               | 
|Net Cash (Used in) Investing Activities                               |                               | 
|                                                                      |                               | 
|Cash Flows From Financing Activities:                                 |                               | 
|Principal Payments Under Borrowings                                   |                               | 
|Addition to Debt                                                      |                               | 
|                                                                      |                               | 
|Net Cash Provided by (Used in) Financing Activities                   |                               | 
|                                                                      |                               | 
|Net Increase in Cash                                                  |                               | 
|Cash at the Beginning of Year                                         |                               | 
|                                                                      |                               | 
|Cash at the End of Year                                               |                               | 
|                                                                      |                               | 
|Additional Cash Flow Information:                                     |                               | 
|Cash Paid for Interest                                                |                               | 
|                                                                      |                               | 
|Cash Paid for Income Tax                                              |                               | 
|                                                                      |                               | 

See accompanying notes to financial
statements.

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MILLER INDUSTRIES, INC. NOTES TO FINANCIAL STATEMENTS JANUARY 31, 2004 (UNAUDITED)

NOTE A  BASIS OF
PRESENTATION:

The
accompanying unaudited financial statements have been prepared in accordance with
generally accepted accounting principles for interim financial information and with the
instructions to Article 10 of Regulation S-X. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles for
complete financial statements. In the opinion of management, all adjustments (consisting
of normal recurring accruals) considered necessary for a fair presentation have been
included. Operating results for the three month period and the nine month period ending
January 31, 2004 are not necessarily indicative of results that may be expected for the
year ended April 30, 2004.

For
further information, refer to the financial statements and footnotes thereto of the
Company as of April 30, 2003 and for the fiscal year ended April 30, 2003.

NOTE B  INCOME PER
SHARE:

Basic
Earnings per Share (EPS) is computed by dividing net income available to
common stockholders by the weighted average number of common stock shares outstanding
during the year. Diluted EPS is computed by dividing net income available to common
stockholders by the weighted average number of common stock shares outstanding during the
year plus potential dilutive instruments such as stock options and warrants. The effect of
stock options on diluted EPS is determined through the application of the treasury stock
method, whereby proceeds received by the Company based on assumed exercises are
hypothetically used to repurchase the Companys common stock at the average market
price during the period. Loss per share is unchanged on a diluted basis since the Company
has no potentially dilutive securities outstanding.

NOTE C  OTHER
MATTERS

Effective
August 9, 2002, a tenants secured lender seized the tenants secured assets
which terminated the business of the tenant. Rental income that was terminated August 9,
2002 approximated $7,500 per month or $90,000 per year.

Effective
January 31, 2003, a tenants lease expired and the tenant vacated the premises.
Rental income that was terminated as of January 31, 2003 approximated $15,000 per month or
$180,000 per year.

Effective
March 1, 2004, a tenant entered into a lease agreement of three years at an annual rent of
approximately $100,000.

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ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations (First Three Quarters of 2004 Fiscal Year v. First Three Quarters of 2003 Fiscal Year)

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 the first three quarters of the 2004 fiscal year was $186,000,
compared with $306,000 in the first three quarters of 2003. The decrease was due to the
loss of key tenants in August 2002 and January 2003. During the first nine months of 2004
fiscal year, approximately 60% of the Companys warehouse was leased, compared to 51%
to 2003.

Hardware
Sales. 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. These sales were $15,000 in 2004
and $14,000 in 2003.

Other
Income. The Company generated other income of $7,000 in the first three quarters of
2004, compared to $13,000 in the first three quarters of 2003. Other income in 2004 and
2003 consisted of interest income and miscellaneous income. The decrease in the other
income was due to a decrease in 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 $107,000 in the first three quarters of 2004
and $86,000 in the first three quarters of 2003. The principal components were management
fees ($27,000 in 2004 and $28,000 in 2003), real estate taxes ($31,000 in 2004 and $28,000
in 2003), depreciation and amortization ($15,000 in both 2004 and in 2003) and insurance
($15,000 in 2004 and $13,000 in 2003).

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 hardware sales. These costs were
$5,000 in the first three quarters of 2004 and 2003.

Administrative
Expenses. The Companys administrative expenses were $33,000 in 2004, compared to
$32,000 in 2003. They primarily consist of accounting and legal fees ($19,000 in 2004
compared to $30,000 in 2003), and shareholders expenses ($8,000 in 2004 and $8,000 in
2002).

Interest
Expense. The Company pays interest on the mortgage loan on its building. Interest
expense on the loan was $47,000 in 2004 compared to $58,000 in 2003. The decease in the
amount of interest was attributable to a decline in the prime rate. The loan bears
interest at prime less 1⁄2%.

Provision
for Income Taxes. The Company recorded a provision for income tax of $3,000 in 2004,
compared to $51,000 in 2003, based upon the Companys income during these periods.
The level of these taxes was directly attributable to the level of net income before
taxes. These amounts were completely offset by the carryforward of the Companys net
operating losses.

Net
Income. As a result of the foregoing factors, the Company had net income of $16,000 in
the first three quarters of 2004, compared to $154,000 in the first three quarters of
2003.

Results of Operations (Third Quarter of 2004 Fiscal Year v. Third Quarter of 2003 Fiscal Year)

Rental
Income. Rental income during the third quarter of the 2004 fiscal year was $71,000,
compared with $89,000 in the third quarter of 2003. During the third quarter of 2004,
approximately 60% of the Companys warehouse was leased, compared to 51% to 2003.

Hardware
Sales. Hardware sales were $11,000 in the third quarter of 2004 and $700 in 2003. The
increase was due to increased demand for replacement hardware for 2004.

Other
Income. The Company generated other income of $3,000 in the third quarter of 2004,
compared to $10,000 in the third quarter of 2003. Other income in 2004 and 2003 consisted
of interest income and miscellaneous income. The decrease in the other income was
primarily due to lower interest rates received on the Companys funds.

Rental
Expense (Excluding Interest). Rental expenses were $34,000 in the third quarter of
2004 and $31,000 in the third quarter of 2003. The principal components were management
fees ($9,000 in 2004 and $10,000 in 2003), taxes ($10,000 in 2004 and $11,000 in 2003),
depreciation and amortization ($5,000 in 2004 and in 2003) and insurance ($5,000 in 2004
and in 2003).

Cost
of Hardware Sales. Hardware costs were $4,000 in the third quarter of 2004 and $0 in
the third quarter of 2003.

Administrative
Expenses. The Companys administrative expenses were $13,000 in 2004, compared to
$15,000 in 2003. They primarily consist of accounting and legal fees ($8,000 in 2004
compared to $10,000 in 2003), and shareholders expenses ($3,000 in 2004 and $3,000 in
2003).

Interest
Expense. The Company pays interest on the mortgage loan on its building. Interest
expense on the loan was $15,000 in 2004 compared to $19,000 in 2003. The decease in the
amount of interest was attributable to a decline in the prime rate.

Provision
for Income Taxes The Company recorded a provision for income tax of $3,000 in 2004,
compared to $17,000 in 2003, based upon the Companys income during these periods.
The level of these taxes was directly attributable to the level of net income before
taxes. These amounts were completely offset by the carryforward of the Companys net
operating losses.

Net
Income. As a result of the foregoing factors, the Company had net income of $19,000 in
the third quarter of 2004, compared to $35,000 in the third quarter of 2003.

Liquidity and Capital
Resources

The
Companys cash increased by $6,000 during the first nine months of the 2004 fiscal
year compared with an increase of $50,000 during the first nine months of fiscal year
2003. The increase in cash in 2004 was due to cash flow from operations. As of January 31,
2004, the Companys cash position was approximately $765,000.

Current Operations

The
Company operates as a real estate investment and management company. The Company is
currently seeking to obtain additional commercial tenants for its existing building.

The
Companys principal operating expenses consist of management and professional fees
associated with the administration of the Company, interest expense on the Companys
new mortgage loan, real estate taxes and insurance. At the present time only 58% of the
Companys building is leased. As a result, the Company does not currently generate
sufficient cash flow from operations to meet the Companys cash requirements.

The
Companys business plan also contemplates the acquisition of additional
income-producing properties. The Company hopes to acquire such properties through a
combination of financing from third parties, seller financing and issuance of the
Companys equity securities.

The
Companys business plan is subject to significant uncertainty. There can be no
assurance that the Company will be able to obtain a sufficient number of additional
tenants in order to fully lease its existing building and to meet its debt service
requirements and operating expenses. Furthermore, there can be no assurance that the
Company will be able to locate or acquire suitable properties in order to expand its
holdings of real property.

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ITEM 3.   CONTROLS AND PROCEDURES

The
Company maintains disclosure controls and procedures designed to ensure that information
required to be disclosed in the reports that the Company files or submits under the
Securities Exchange Act of 1934, is recorded, processed, summarized and reported within
the time period specified in the rules and forms of the Securities and Exchange
Commission. Based upon their evaluation of those controls and procedures as of January 31,
2004, the Chief Executive Officer and Chief Financial Officer of the Company concluded
that the Companys disclosure controls and procedures were adequate.

-9-

PART II.   OTHER INFORMATION

ITEM 6.   REPORTS ON FORM 8-K

(a)   Exhibits

|Exhibit No.                                                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                   
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(31.1)              
                             
         (32.1)              
                             
                             
(b)     Reports on Form 8-K.
        Not applicable. | Certification  of Chief  Executive  Officer  and  Chief  Financial  Officer
pursuant to Rule 13a-14(a).
Certification  of Chief  Executive  Officer  and  Chief  Financial  Officer
pursuant to 18 U.S.C.  Section 1350, as adopted  pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002

SIGNATURE

Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

|Dated:  September 22, 2004 |  | MILLER INDUSTRIES, INC.(Registrant)BY: /s/  Angelo Napolitano
Angelo Napolitano  Chairman of the Board of Directors
                                                                          Chief Executive Officer
                                                                          Principal Financial Officer
|-------------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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