SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC  20549




FORM
10-Q




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




For the
quarterly period ended January 31, 2009




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. 13thAvenue.,
      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




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer. or a “smaller reporting
issuer.”  See the definitions of “large accelerated filer,”
“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the
Exchange Act.





Large
accelerated filer  ̈
Accelerated filer  ̈
Non-accelerated filer  ̈ Smaller reporting
company þ





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).


Yes  ̈  No þ




The
number of shares outstanding of each of the issuer's classes of common stock,
par value $.05 per share, as of January 31, 2009 is 2,982,662
shares.





MILLER INDUSTRIES,
INC.


FORM
10-Q


January
31, 2009




INDEX




Page No.PART
      I:
                                                    FINANCIAL
      INFORMATIONItem
      1.
                                                    Financial
      StatementsBalance
      Sheets dated as of January 31, 2009 and April 30, 2008
                                                    1Statement
      of Operations - Nine Months ended January 31, 2009 and
2008
                                                    3Statement
      of Operations - Three Months ended, January 31, 2009 and
    2008
                                                    4Statement
      of Cash Flows - Nine Months ended, dated as of January 31, 2009 and
      2008
                                                    5Notes
      to Financial Statements
                                                    6Item
      2.
                                                    Management's
      Discussion and Analysis of Financial Condition and Results of
      Operations
                                                    8Item
      3.
                                                    Quantitative
      and Qualitative Disclosure about Market Risk
                                                    10Item
      4.
                                                    Controls
      and Procedures
                                                    10PART
      II: OTHER INFORMATIONItems
      1 to 6
                                                    11Signatures
                                                    11


i


MILLER
INDUSTRIES, INC.


BALANCE
SHEETS


January 31,
2009


(UNAUDITED)





ASSETSInvestment Property:Land
                                  
                                  $
                                  161,443Building
      and Improvements
                                  
                                  
                                  1,049,908Machinery
      and Equipment
                                  
                                  
                                  11,106Furniture
      and Fixtures
                                  
                                  
                                  10,251Total
      Cost
                                  
                                  
                                  
                                  
                                  
                                  $
                                  1,232,708Less:
      Accumulated Depreciation
                                  
                                  
                                  
                                  
                                  
                                  
                                  855,908Net
      Book Value
                                  
                                  
                                  
                                  
                                  
                                  $
                                  376,800Other Assets:Cash
      and Cash Equivalents
                                  
                                  $
                                  1,402,167Accounts
      Receivable (less Allowance for Doubtful Accounts of
    $20,000)
                                  
                                  
                                  16,917Deferred
      Tax Asset
                                  
                                  
                                  138,375Prepaid
      Expenses and Other Assets
                                  
                                  
                                  15,149Deferred
      Lease Incentive (Net of Accumulated Amortization of
    $61,082)
                                  
                                  
                                  12,518Loan
      Costs, Less Accumulated Amortization of $24,371
                                  
                                  
                                  1,977Total
      Other Assets
                                  
                                  
                                  
                                  
                                  
                                  
                                  1,587,103Total
      Assets
                                  
                                  
                                  
                                  
                                  
                                  $
                                  1,963,903LIABILITIES AND SHAREHOLDERS'
      DEFICIENCYLiabilities:Mortgages
      and Notes Payable
                                  
                                  $
                                  1,410,505Accounts
      Payable and Accrued Expenses
                                  
                                  
                                  396,424Tenant
      Security Deposits
                                  
                                  
                                  48,950Total
      Liabilities
                                  
                                  
                                  
                                  
                                  
                                  $
                                  1,855,879Shareholders' Deficiency:Common
      Stock, $.05 par, 5,000,000 shares authorized, 2,982,662 shares issued and
      outstanding
                                  
                                  $
                                  149,133Paid-in
      capital
                                  
                                  
                                  1,191,929Deficit
                                  
                                  
                                  (1,233,038
                                  )Total
      Shareholders' Deficiency
                                  
                                  
                                  
                                  
                                  
                                  
                                  (108,024
                                  )Total
      Liabilities and Shareholders' Deficiency
                                  
                                  
                                  
                                  
                                  
                                  $
                                  1,963,903




See
accompanying notes to financial statements.


1


MILLER
INDUSTRIES, INC.


BALANCE
SHEET


APRIL 30,
2008




ASSETSInvestment Property:Land
                                
                                $
                                161,443Building
      and Improvements
                                
                                
                                1,049,908Machinery
      and Equipment
                                
                                
                                11,106Furniture
      and Fixtures
                                
                                
                                10,251Total
      Cost
                                
                                $
                                1,232,708Less:
      Accumulated Depreciation
                                
                                
                                843,540Net
      Book Value
                                
                                $
                                389,168Other Assets:Cash
                                
                                $
                                1,318,950Accounts
      Receivable (Less Allowance for Doubtful Accounts of
    $15,000)
                                
                                
                                14,525Prepaid
      expenses and other assets
                                
                                
                                9,469Deferred
      Lease Incentive (Net of Accumulated Amortization -
$50,802)
                                
                                
                                22,798Loan
      Costs,
      Less Accumulated Amortization of $22,395 in 2008
                                
                                
                                3,953Deferred
      tax assets
                                
                                
                                183,000Deferred
      Rent Receivable
                                
                                
                                16,192Total
      Other Assets
                                
                                $
                                1,568,887Total Assets
                                
                                $
                                1,958,055LIABILITIES AND SHAREHOLDERS'
      EQUITYLiabilities:Mortgages
      and Notes Payable
                                
                                $
                                1,449,945Accounts
      Payable and Accrued Expenses
                                
                                
                                419,202Tenants’
      and Customers’ Deposits
                                
                                
                                69,650Total
      Liabilities
                                
                                $
                                1,938,797Shareholders' Equity:Common
      Stock, $.05 par, 5,000,000 shares authorized, 2,982,662 shares issued and
      outstanding
                                
                                $
                                149,133Paid-in
      capital
                                
                                
                                1,191,929Deficit
                                
                                
                                (1,321,804
                                )Total
      Shareholders’ Equity
                                
                                $
                                19,258Total
      Liabilities and Shareholders’ Equity
                                
                                $
                                1,958,055




See
accompanying notes to financial statements.


2


MILLER
INDUSTRIES, INC.


STATEMENT OF
OPERATIONS


FOR THE NINE MONTHS ENDED
JANUARY 31, 2009 AND 2008


(UNAUDITED)





Nine
      Months Ended
                          January
      31,2009
                        
                        
                        2008Revenues:Rental
      Income
                        
                        $
                        390,432
                        
                        
                        $
                        404,128Hardware
      Sales (Net)
                        
                        
                        400
                        
                        
                        
                        901Other
      Income
                        
                        
                        19,783
                        
                        
                        
                        37,213Total
      Revenue
                        
                        $
                        410,615
                        
                        
                        $
                        442,242Expenses:Rental
      Expense (Except Interest)
                        
                        $
                        178,564
                        
                        
                        $
                        128,606Cost
      of Hardware Sales
                        
                        
                        -
                        
                        
                        
                        -Administrative
                        
                        
                        37,034
                        
                        
                        
                        32,806Interest
                        
                        
                        61,626
                        
                        
                        
                        78,687Total
      Expenses
                        
                        $
                        277,224
                        
                        
                        $
                        240,099Income
      (Loss) Before Tax Provision
                        
                        $
                        133,391
                        
                        
                        $
                        202,143Provision for Income Tax:Federal
      Income Tax
                        
                        $
                        37,500
                        
                        
                        $
                        60,000State
      Income Tax
                        
                        
                        7,125
                        
                        
                        
                        10,000Total
      Provision for Income Tax
                        
                        $
                        44,625
                        
                        
                        $
                        70,000Net
      Income
                        
                        $
                        88,766
                        
                        
                        $
                        132,143Income
      per Common Share
                        
                        $
                        .03
                        
                        
                        $
                        .04Average
      Shares of Common Stock Outstanding
                        
                        
                        2,982,662
                        
                        
                        
                        2,982,662





See
accompanying notes to financial statements.


3


MILLER
INDUSTRIES, INC.


STATEMENT OF
OPERATIONS


FOR THE THREE MONTHS ENDED
JANUARY 31, 2009 AND 2008


(UNAUDITED)





Three
      Months Ended
                          January
      31,2009
                        
                        
                        2008Revenues:Rental
      Income
                        
                        $
                        132,567
                        
                        
                        $
                        161,278Hardware
      Sales (Net)
                        
                        
                        -
                        
                        
                        
                        109Other
      Income
                        
                        
                        4,514
                        
                        
                        
                        12,507Total
      Revenue
                        
                        $
                        137,081
                        
                        
                        $
                        173,894Expenses:Rental
      Expense (Except Interest)
                        
                        $
                        52,680
                        
                        
                        $
                        42,251Cost
      of Hardware Sales
                        
                        
                        -
                        
                        
                        
                        -Administrative
                        
                        
                        15,336
                        
                        
                        
                        12,898Interest
                        
                        
                        14,212
                        
                        
                        
                        26,564Total
      Expenses
                        
                        $
                        82,228
                        
                        
                        $
                        81,713Income
      (Loss) Before Tax Provision
                        
                        $
                        54,853
                        
                        
                        $
                        92,181Provision (Credit) for Income
      Tax:Federal
      Income Tax
                        
                        $
                        17,900
                        
                        
                        $
                        30,000State
      Income Tax
                        
                        
                        2,725
                        
                        
                        
                        4,400Total
      Provision for Income Tax
                        
                        $
                        20,625
                        
                        
                        $
                        34,400Net
      Income
                        
                        $
                        34,228
                        
                        
                        $
                        57,781Income
      per Common Share
                        
                        $
                        .01
                        
                        
                        $
                        .02Average
      Shares of Common Stock Outstanding
                        
                        
                        2,982,662
                        
                        
                        
                        2,982,662





See
accompanying notes to financial statements.


4




MILLER
INDUSTRIES, INC.


STATEMENT OF CASH
FLOWS


FOR THE NINE MONTHS ENDED
JANUARY 31, 2009 AND 2008


(UNAUDITED)





Nine Months Ended
                              January 31,2009
                            
                            
                            2008Cash Flows From Operating
      Activities:Net
      Income
                            
                            $
                            88,766
                            
                            
                            $
                            132,143Adjustments
      to Reconcile Net Income to Net Cash Provided by Operating
      Activities:Provision
      for Bad Debts
                            
                            
                            15,027
                            
                            
                            
                            -Deferred
      Rent Receivable Adjustment
                            
                            
                            16,192
                            
                            
                            
                            -Depreciation
                            
                            
                            13,026
                            
                            
                            
                            11,382Amortization
                            
                            
                            11,598
                            
                            
                            
                            13,242Deferred
      Tax Asset Valuation Adjustment
                            
                            
                            44,625
                            
                            
                            
                            70,000Changes
      in Operating Assets and Liabilities
                            
                            
                            (66,667
                            )
                            
                            
                            (10,371
                            )Net
      Cash Provided by Operating Activities
                            
                            $
                            122,567
                            
                            
                            $
                            216,396Cash Flows From Investing
      Activities:Acquisition
      of Property and Equipment
                            
                            $
                            -
                            
                            
                            $
                            -Net
      Cash (Used in) Investing Activities
                            
                            $
                            -
                            
                            
                            $
                            -Cash Flows From Financing
      Activities:Principal
      Payments Under Borrowings
                            
                            $
                            (39,440
                            )
                            
                            $
                            (31,725
                            )Addition
      to Debt
                            
                            
                            -
                            
                            
                            
                            -Net
      Cash Provided by (Used in) Financing Activities
                            
                            $
                            (39,440
                            )
                            
                            $
                            (31,725
                            )Net
      Increase in Cash
                            
                            $
                            83,217
                            
                            
                            $
                            184,671Cash at the Beginning of
    Year
                            
                            
                            1,318,950
                            
                            
                            
                            1,074,565Cash at the End of Year
                            
                            $
                            1,402,167
                            
                            
                            $
                            1,259,236Additional Cash Flow
      Information:Cash
      Paid for Interest
                            
                            $
                            61,626
                            
                            
                            $
                            78,687Cash
      Paid for Income Tax
                            
                            $
                            -
                            
                            
                            $
                            -





See
accompanying notes to financial statements.


5


MILLER
INDUSTRIES, INC.


NOTES TO FINANCIAL
STATEMENTS


JANUARY 31,
2009


(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 nine month
period and the three month periods ending January 31, 2009 are not necessarily
indicative of results that may be expected for the year ended April 30,
2009.




For
further information, refer to the financial statements and footnotes thereto of
the Company as of April 30, 2008 and for the fiscal year ended April 30,
2008.




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, as under the treasury stock method, options and warrants are
dilutive only when the average market price of common stock during the period is
greater than the exercise price of the options and warrants.




NOTE C – OTHER
MATTERS




On June
30, 2005, the Company issued stock options to Angelo Napolitano in exchange for
the benefits he has provided to the Company through his personal guarantee of
the Company's bank loan, and the services rendered by Mr. Napolitano in his
capacity as the Company's sole officer and director.  The options vest
100% at the grant date and expire in 10 years from the grant
date.  The Company granted options to Mr. Napolitano to purchase up to
2,017,338 shares of the Company's common stock during the term of the Options at
a price equal to $0.18 per share (exercise price).


6


MILLER
INDUSTRIES, INC.




NOTES TO
FINANCIAL STATEMENTS




JANUARY
31, 2009


(UNAUDITED)




The
average fair values of the options granted during fiscal 2006 were estimated at
$0.0324, using the Black-Scholes options-pricing model, which included the
following assumptions:




Stock
      Price
                            
                            $
                            0.05Strike
      Price
                            
                            
                            0.18Expected
      Life
                            
                            9.17
      YearsRisk-Free
      Interest Rate
                            
                            
                            3.80
                            %Volatility
                            
                            
                            79.23
                            %







Approximately
$65,400 was recorded as compensation expense for fiscal 2006 related to this
grant.




The
following summarized information concerning currently outstanding and
exercisable options at January 31, 2009.




Options
    Outstanding/ExercisableExercise Price
                  
                  Number Outstanding at
    1/31/08
                  
                  
                  Average Remaining Life$0.18
                  
                  
                  2,017,338
                  
                  
                  
                  7.42





NOTE D – LOSS OF
TENANT:





A tenant,
in the furniture industry, notified the Company that they cannot continue to pay
the rent for their space of approximately 23,700 square feet, as their business
is off considerably due to the housing market and the economic
down-turn.  The tenant vacated the premises prior to October 31,
2008.  Annual rental income that terminated October 31, 2008 amounted
to approximately $142,600 for each year for fiscal 2008 and fiscal
2007.  At October 31, 2008 the Tenant owed the Company approximately
$37,000 for past due rents, late fees, and other charges.  The two
principals of the tenant personally signed a promissory note in favor of the
Company for this amount.  The note is payable $2,314 per month
beginning December 1, 2008 and continuing until the note is
satisfied.  The Company has provided an allowance for doubtful
accounts in this matter of approximately $20,000 at October 31,
2008.




7




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




Results of Operations (First
Three Quarters of 2009 Fiscal Year compared to First Three Quarters of 2008
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 2009 fiscal year was $390,000,
compared with $404,000 in the first three quarters of 2008.  The
increase was due to the addition of a new tenant.




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 $400 in 2009 and $900
in 2008.




Other
Income.  The Company generated other income of $18,000 in the
first three quarters of 2009 and $37,000 in 2008.  Other income in
2009 and 2008 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 $179,000 in the first three quarters
of 2009 compared to $129,000 in the first three quarters of 2008.  The
principal components were management fees ($24,000 in 2009 and $27,000 in 2008),
real estate taxes ($80,000 in 2009 and $61,000 in 2008), depreciation and
amortization ($25,000 in 2009 and $25,000 in 2008) and insurance ($14,000 in
2009 and $11,000 in 2008).




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 not material in the first three
quarters of 2009 and 2008.




Administrative
Expenses.  The Company's administrative expenses were $37,000
in 2009, compared to $33,000 in 2008.  They primarily consist of
accounting and legal fees ($17,000 in 2009 compared to $17,000 in 2008), and
shareholders expenses ($18,000 in 2009 and $13,000 in 2008).




Interest
Expense.  The Company pays interest on the mortgage loan on its
building.  Interest expense on the loan was $62,000 in 2009 compared
to $77,000 in 2008.  The increase in the amount of interest was
attributable to an increase in the prime rate.  The loan bears
interest at prime less 1⁄2%.




Provision for Income
Taxes.  The Company had a tax provision of $45,000 in
2009.  In 2008, the Company had a tax provision of
$70,000.




8




Net
Income.  As a result of the foregoing factors, the Company had
net income of $89,000 in the first three quarters of 2009, compared to $132,000
in the first three quarters of 2008.




Results of Operations (Third
Quarter of 2009 Fiscal Year v. Third Quarter of 2008 Fiscal
Year)




Rental
Income.  Rental income during the third quarter of the 2009
fiscal year was $132,000, compared with $161,000 in the third quarter of
2008.  This decrease was due to the loss of a tenant.




Hardware
Sales.  Hardware sales were less than not material in the third
quarter of 2009 and 2008.




Other
Income.  The Company generated other income of $5,000 in the
third quarter of 2009 and $13,000 in 2008.  Other income in 2009 and
2008 consisted of interest income and miscellaneous income.




Rental Expense (Excluding
Interest).  Rental expense was $53,000 in the third quarter of
2009 and $42,000 in the third quarter of 2008.  The principal
components were management fees ($10,000 in 2009 and $9,000 in 2008), taxes
($25,000 in 2009 and $19,000 in 2008), depreciation and amortization ($8,000 in
2009 and $8,000 in 2008) and insurance ($4,400 in 2009 and $4,000 in
2008).




Administrative
Expenses.  The Company's administrative expenses were $15,000
in 2009 and $13,000 in 2008.  They primarily consist of accounting and
legal fees ($7,800 in 2009 compared to $7,000 in 2008), and shareholders
expenses ($4,000 in 2009 and 2008).




Interest
Expense.  The Company pays interest on the mortgage loan on its
building.  Interest expense on the loan was $14,000 in 2009 compared
to $27,000 in 2008.  The decrease in the amount of interest was
attributable to an decrease in the prime rate.




Provision for Income
Taxes  The Company recorded a provision for income tax of
$21,000 in 2009 and $34,000 in 2008.




Net
Income.  As a result of the foregoing factors, the Company had
net income of $34,000 in the third quarter of 2009, compared to $57,000 in the
third quarter of 2008.




Liquidity and Capital
Resources




The
Company's cash increased by $83,000 during the first nine months of the 2009
fiscal year compared with an increase of $185,000 during the first nine months
of fiscal year 2008.  The increase in cash in 2009 was due to $123,000
in cash flow from operations.  As of January 31, 2009, the Company's
cash position was approximately $1,402,000.




9




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.




ITEM
3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK.




We are a smaller reporting issuer as
defined in Item 10 of Regulation S-K and are not required to report the
quantitative and qualitative measures of market risk specified in Item 305 of
Regulation S-K.




ITEM
4.  CONTROLS AND PROCEDURES




In
connection with the filing of this Form 10-Q, the Company's Chief Executive
Officer and Chief Financial Officer evaluated the effectiveness of the Company's
disclosure controls and procedures as of January 31, 2009.  The
Company's Chief Executive Officer and Chief Executive Financial Officer
concluded that the Company's disclosure controls and procedures were effective
as of January 31, 2009.




There
were no changes in the Company's internal controls over financial reporting that
materially affected, or are reasonably likely to materially affect, the
Company's internal control over financial reporting during the fiscal quarter
ended January 31, 2009.


10


PART
II.  OTHER INFORMATION




ITEM
6.        EXHIBITS AND REPORTS ON FORM
8-K




(a)          Exhibits




Exhibit No.
                        Description(31.1)
                        Certification
      of Chief Executive Officer pursuant to Rule 13a-14(a).(31.2)
                        Certification
      of Chief Financial Officer pursuant to Rule 13a-14(a).(32.1)
                        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.




(b) Reports on Form
8-K.




Not applicable.




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.





MILLER
      INDUSTRIES, INC.(Registrant)Dated:  October
      9, 2009
                By:
                /s/  Angelo
      NapolitanoAngelo
      Napolitano
                  Chairman
      of the Board of Directors
                  Chief
      Executive Officer
                  Principal
      Financial Officer


11