Myers Industries Earnings Reports

Myers Industries reported Q4 2024 revenue of $203.9 million, a 6.7% increase year-over-year. The Material Handling segment grew 20.3%, driven by the acquisition of Signature Systems, while the Distribution segment declined 20.2% due to lower volumes and pricing. Gross profit increased 15.1%, and gross margin expanded by 230 basis points to 32.3%. Adjusted EPS was $0.19, while net income declined due to higher SG&A expenses.

Myers Industries reported net sales of $205.1 million, a 3.7% increase compared to the prior-year period. Adjusted EBITDA was $30.7 million, up from $25.6 million. The company is targeting an additional $15 million of annualized run rate cost savings by 2025 and revised its full-year adjusted earnings per share guidance to $0.92 - $1.02.

Myers Industries announced its second quarter 2024 results, with net sales increasing to $220.2 million and adjusted EBITDA reaching $38.9 million. The company's performance was bolstered by the inclusion of Signature Systems, though it lowered its full-year adjusted earnings per share guidance to $1.05 - $1.20 due to demand pressures in select end markets.

Myers Industries reported a decrease in net sales and earnings per share for the first quarter of 2024, impacted by weak demand in the Automotive Aftermarket and Vehicle end markets. The acquisition of Signature Systems contributed positively, and the company is implementing cost reduction measures to improve performance.

Myers Industries reported Q4 2023 net sales of $191.1 million, a decrease of 10.2% compared to the prior year period. GAAP net income per diluted share was $0.34, and adjusted earnings per diluted share were $0.29. The company's Material Handling segment delivered strong margins, while the Distribution segment was impacted by a sales organization realignment.

Myers Industries reported a decrease in net sales by 13.3% to $197.8 million, but expanded gross margin by 10 basis points to 31.5%. GAAP net income per diluted share was $0.34, while adjusted earnings per diluted share were $0.38. The company generated $18.1 million in free cash flow and reduced debt.

Myers Industries reported net sales of $208.5 million, a decrease of 10.6% compared to the prior year period. However, the company maintained a strong gross margin of 32.8%, up 80 basis points versus the prior year period. Adjusted earnings per diluted share were $0.35, compared to $0.45 in the prior year period. The company is lowering revenue guidance for the full year, but maintaining adjusted EPS guidance due to operational improvements and self-help measures.

Myers Industries reported a decrease in net sales to $215.7 million compared to $225.5 million in the prior year period, but demonstrated strength through gross margin expansion to 32.9%. The company's cash flow generation increased, with cash flow from operations at $25.8 million and free cash flow at $16.7 million.

Myers Industries reported a 7% increase in net sales to $213 million and a 39% increase in adjusted EPS to $0.32 for the fourth quarter of 2022. The company's performance was driven by incremental sales from acquisitions and successful pricing actions.

Myers Industries reported a strong third quarter with a 14% increase in net sales to $228.1 million and a 68% increase in earnings per diluted share to $0.37. Adjusted EPS increased 78% to $0.41, and adjusted EBITDA increased 57% to $27.2 million. The company is raising its earnings outlook for 2022.

Myers Industries reported a strong second quarter with net sales increasing by 24% to $233.2 million and adjusted EPS increasing by 55% to $0.45. The company's performance was driven by progress against its 3-horizon strategy, value-based pricing actions, and strategic acquisitions. As a result, Myers Industries is raising its full-year outlook for both revenue and earnings.

Myers Industries reported a strong first quarter in 2022, with net sales increasing by 29% to $225.5 million and adjusted EBITDA increasing by 82% to $31.0 million. The company's success is attributed to the execution of their 'One Myers' strategic vision, leading to double-digit top-line expansion and margin expansion. As a result, the company raised its outlook for 2022, including increasing its adjusted EPS range from $1.20 - $1.40 to $1.30 - $1.50.

Myers Industries reported a strong fourth quarter with a 45% increase in net sales and a 150% increase in net income per diluted share. The company successfully integrated two acquisitions and saw robust demand for its products.

Myers Industries reported a 51.3% increase in net sales to $200.1 million in the third quarter of 2021, driven by growth in both the Material Handling and Distribution segments. The company's performance was impacted by inflationary headwinds, resulting in margin compression due to increased raw material, labor, and supply chain costs.

Myers Industries reported a 58.3% increase in net sales to $187.4 million for the second quarter of 2021, driven by increased demand and the acquisition of Elkhart Plastics. Net income per diluted share increased to $0.30, and adjusted earnings per diluted share were $0.29. The company is making progress in achieving its 'One Myers' strategic vision with the acquisition of Trilogy Plastics and an updated corporate brand identity.

Myers Industries reported strong first-quarter results, with net sales increasing by 42.7% to $174.4 million. The company's performance was driven by organic growth and the acquisition of Elkhart Plastics. Adjusted earnings per diluted share remained flat at $0.22.

Myers Industries reported a strong fourth quarter with net sales increasing by 17.7% to $137.5 million compared to the previous year. This growth was fueled by an 8% organic increase and the inclusion of $11.8 million in sales from the Elkhart Plastics acquisition. GAAP EPS was $0.08 and adjusted EPS was $0.11.

Myers Industries reported a strong third quarter, exceeding expectations with sales growth and margin expansion. Net sales increased by 5.4% to $132.3 million, and gross margin improved to 35.6%. The company also unveiled a new strategic vision aimed at transforming Myers into a high-growth innovator of engineered plastic solutions.

Myers Industries reported second-quarter results with net sales of $118.4 million, a decrease of 11.8% compared to the previous year. The gross margin increased to 36% from 35% in the second quarter of 2019. GAAP income per diluted share from continuing operations was $0.23, compared to $0.18 for the second quarter of 2019.