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Sep 30, 2025
Myers Industries Q3 2025 Earnings Report
Myers Industries reported higher gross profit and significant free cash flow improvement in the third quarter of 2025, driven by growth in Material Handling and strategic cost reductions.
Key Takeaways
Myers Industries announced encouraging third quarter 2025 results with a 5.3% increase in gross profit and a substantial improvement in free cash flow, reaching $21.5 million compared to $10.1 million in the prior year. The company achieved growth in gross profit due to favorable product mix and is on track to deliver $20 million in annualized cost savings by the end of 2025. Net sales saw a slight increase of 0.2% year-over-year, reaching $205.4 million.
Gross profit increased by 5.3% to $68.57 million, driven by favorable product mix and cost productivity.
Free cash flow significantly improved to $21.5 million, up $11.4 million from the third quarter of 2024, primarily due to improvements in working capital.
The company initiated a sale process for its Myers Tire Supply business as a result of a strategic review.
Myers Industries identified $19 million in structural cost reductions and remains on track to achieve $20 million in annualized cost savings by the end of 2025.
Revenue by Segment
Forward Guidance
Myers Industries provided an updated 2025 outlook for its end markets, anticipating moderate growth in Industrial, strong growth in Infrastructure, and declines in Vehicle, Consumer, and Automotive Aftermarket Distribution.
Positive Outlook
- Industrial end market (30% of sales) is expected to show moderate growth.
- Infrastructure end market (14% of sales) is projected for strong growth.
- Food & Beverage end market (8% of sales) is expected to remain stable.
- The company is on track to deliver annualized cost savings of $20 million by the end of 2025.
- Initiated a sale process for the Myers Tire Supply business, which could streamline operations and focus on core businesses.
Challenges Ahead
- Vehicle end market (12% of sales) is expected to be down.
- Consumer end market (11% of sales) is expected to be down, affected by the absence of U.S. landed storms.
- Automotive Aftermarket Distribution (25% of sales) is projected to be down.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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