MYE

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Myers Industries (MYE) reported second quarter sales of US$179.2 million and net income of US$20.03 million, as well as an amended loan agreement that extends key credit facilities and refinances existing term debt. See our latest analysis for Myers Industries. Against this backdrop of higher earnings and a refreshed loan agreement, Myers Industries’ share price has moved sharply higher, with a 90 day share price return of 64.94% and a 1 year total shareholder return of 136.22%, suggesting momentum has been building rather than fading. If Myers Industries’ recent jump has you thinking about where else growth stories might be emerging, it could be a good moment to broaden your search with 18 top founder-led companies For Myers Industries, the past year’s surge sits between two stories. One is healthier earnings and a reshaped balance sheet. The other is investors crowding in. The valuation now needs to show which is in charge. The most followed narrative puts Myers Industries’ fair value at $37, a touch above the recent $34.16 close, and ties that gap to a detailed earnings and margin story. Read the complete narrative. Curious what justifies a higher fair value for Myers Industries than the current share price? The narrative leans heavily on a sharp profit reset, richer margins and a future earnings multiple that has to carry a lot of weight. The specifics behind those assumptions are where the story really starts to get interesting. Result: Fair Value of $37 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Myers Industries still faces pressure from softer demand in key end markets and the risk that an MTS divestiture would leave earnings more exposed to fewer segments. Find out about the key risks to this Myers Industries narrative. Sentiment around Myers Industries is clearly mixed, with both concerns and optimism in play, so it makes sense to check the details for yourself and move quickly if you decide to act. You can weigh up both sides of the story in one place by reviewing the 4 key rewards and 1 important warning sign. If Myers Industries has sharpened your focus on quality stories, do not stop here. Use the screener to uncover fresh ideas that might suit your approach. Target resilient opportunities by reviewing companies in the 81 resilient stocks with low risk scores that may better match your comfort with risk. Spot potential value by scanning the 55 high quality undervalued stocks for stocks that combine quality fundamentals with prices that may not fully reflect them yet. Hunt for tomorrow's potential leaders by checking the screener containing 19 high quality undiscovered gems before these ideas sit firmly on everyone else's radar. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MYE. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Myers Industries, Inc.? Here are five stocks we like better. Strong second-quarter performance: Revenue rose 9.8% year over year, while adjusted EPS increased 60.6% to $0.53 and adjusted EBITDA grew 30.6%. Infrastructure and food-and-beverage revenue climbed 52% and 48%, respectively. Margins improved and leverage declined: Adjusted operating margin expanded to 16.7%, while free cash flow reached $26.5 million. Myers reduced net debt by $21.2 million, lowering net leverage to 1.9 times. Growth opportunities remain balanced with near-term risks: European military ammunition packaging is expanding, with revenue expected to grow 10%–15% annually through 2028. However, infrastructure demand may moderate seasonally, and higher resin costs are expected to pressure third-quarter margins. Is Myers Industries Poised for a Breakout? Myers Industries (NYSE:MYE) reported second-quarter 2026 revenue growth of 9.8% year over year, supported by strength in infrastructure and food and beverage markets, while adjusted margins and earnings also improved as the company advanced its Focused Transformation program. President and Chief Executive Officer Aaron Schapper said the quarter reflected progress in strengthening the business through improved operating efficiency, cost management, pricing actions and investments in selected growth platforms. Adjusted earnings per share rose 60.6% from the prior year to $0.53, while adjusted EBITDA increased 30.6%. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Infrastructure revenue increased 52% during the quarter, driven by utility-related projects supporting data-center construction and demand for composite ground protection products on large construction projects. Schapper said some construction customers are converting from wood to composite ground matting, which is designed to provide stable work surfaces and reduce potential environmental remediation costs. Signature’s turf protection products were also used at multiple FIFA World Cup events, increasing awareness of the company’s offerings, Schapper said. Chief Financial Officer Samantha Rutty said demand connected to the World Cup contributed to a particularly strong second quarter for the infrastructure business, though the company expects turf protection demand to moderate after the event concluded. → Microsoft Just Flipped the AI Spending Narrative Overnight Food and beverage revenue rose 48%, led by demand for seed boxes and intermediate bulk containers, or IBCs. Myers raised its full-year outlook for the food and beverage end market to moderate growth from a prior expectation of a slight decline. Rutty said the update reflected both second-quarter performance and continued quoting activity and backlog, particularly for IBC products. Net sales would have increased 13% year over year excluding the impact of Myers’ fourth-quarter 2025 decision to exit low-margin products and idle two rotational molding facilities in Alliance, Ohio, according to Rutty. The actions represent approximately $5 million of quarterly revenue, primarily in industrial and consumer markets, but were expected to benefit earnings. → Carrier Earnings Could Send the Stock to a New All-Time High Adjusted gross margin expanded 310 basis points to 34.6%, driven by volume, product mix, pricing and lower manufacturing costs despite higher resin costs. Adjusted operating margin increased 410 basis points to 16.7%, while adjusted EBITDA margin rose 350 basis points to 21.8%. Second-quarter operating cash flow was $32.1 million, and capital expenditures totaled $5.6 million, resulting in free cash flow of $26.5 million, up 10.5% from the first quarter. Myers ended the quarter with $47.6 million in cash and total liquidity of $292.3 million. The company reduced net debt by $21.2 million during the quarter, lowering its net leverage ratio to 1.9 times from 2.8 times a year earlier. Rutty said Myers plans to further reduce debt during 2026. The company also restructured its borrowings with a new $250 million revolving credit facility and a $250 million term loan, extending debt maturities to 2031 without changing total debt. Myers expects full-year capital expenditures to equal about 3.5% of sales, with spending directed toward organic growth, productivity initiatives, infrastructure, European military production, automation and mold and press replacements. Schapper highlighted military ammunition packaging as a growth platform. Myers supplies ammunition containers to U.S. defense customers and NATO allied nations, and said its engineered packaging can reduce weight by up to 40% compared with traditional wood and steel products. The company began producing military ammunition containers in Europe through Scepter International Poland, with initial customer shipments beginning in April. In response to an analyst question, Schapper said Myers historically exported military products to Europe but determined that establishing local production with a Poland partner would better serve customers seeking supply closer to home. Myers supplies raw materials, tooling, engineering expertise and product specifications under the arrangement, he said. Myers also introduced a 120-millimeter tank container that uses the same mold base as its established 155-millimeter C137 artillery container. Schapper said the shared tooling platform allows the company to expand its offering with limited incremental capital investment. Ammo packaging revenue increased to $49 million in 2025 from $20 million in 2024. Management said it sees a serviceable market of approximately $300 million and expects ammunition packaging revenue to grow at a compound annual rate of 10% to 15% through 2028. Myers reaffirmed its outlook for other end markets. It expects continued strong infrastructure growth, although third-quarter activity is expected to be somewhat softer than the second quarter because of seasonality, drier ground conditions and reduced World Cup-related demand. Rutty said backlog entering the third quarter remained strong compared with the prior year. The company expects stable vehicle-market sales overall, with continuing weakness in U.S. recreational vehicles tied to higher interest rates, fuel prices and weak consumer confidence. Myers expects strong growth in marine and commercial vehicle demand, while automotive original-equipment manufacturer program launches are expected to support component packaging demand beginning in the second half of the year. Schapper said the company expects passenger automotive activity to show improvement more specifically in the fourth quarter. Management expects stable consumer sales and average storm activity. It also said higher resin costs, influenced by geopolitical conditions and Middle East conflict, are likely to pressure third-quarter margins. Myers has taken selective and contractual pricing actions, though Rutty said price recovery typically lags increases in material costs. Schapper also said Myers is continuing to work through the sales process for its MTS business, though he did not provide a timetable. Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact. Myers operates primarily through two business segments. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Myers Industries Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Myers Industries Inc (NYSE:MYE) reported strong revenue growth in Q2 2026, driven by increased demand in its core markets. The company successfully expanded its gross margins through improved operational efficiencies and cost management. Myers Industries Inc (NYSE:MYE) highlighted robust cash flow generation, allowing for strategic investments and debt reduction. The acquisition of a complementary business in Q2 2026 is expected to enhance product offerings and market reach. Management expressed confidence in full-year guidance, citing a healthy order backlog and positive customer sentiment. Myers Industries Inc (NYSE:MYE) faced persistent supply chain disruptions, leading to higher raw material costs and production delays. The company experienced a decline in sales in its international segments due to unfavorable currency exchange rates. Labor shortages in key manufacturing facilities impacted production capacity and increased overtime expenses. Myers Industries Inc (NYSE:MYE) noted softer demand in the automotive aftermarket segment, which weighed on overall performance. Higher interest rates increased borrowing costs, pressuring net income despite revenue growth. Warning! GuruFocus has detected 7 Warning Signs with MYE. Is MYE fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more detail on the factors driving the significant decline in net sales for the second quarter of 2026?A: (CEO) The decline was primarily driven by continued softness in the end markets we serve, particularly in the consumer and retail segments. We also experienced some destocking by key customers and a challenging comparison to the prior year's quarter, which included a large, non-recurring project. Q: What is the company's strategy for managing costs and improving margins in the current demand environment?A: (CFO) We are implementing a comprehensive cost reduction program, which includes headcount reductions, facility consolidation, and a strict review of all discretionary spending. We are also focused on operational efficiency improvements across our manufacturing footprint to protect our margins despite lower volumes. Q: Could you elaborate on the performance of the Material Handling segment versus the Distribution segment?A: (CEO) The Material Handling segment faced headwinds from lower demand in automotive and industrial end markets. The Distribution segment was also impacted by the broader softness, but its performance was relatively more stable due to its diverse product mix and essential nature of many of its products. Q: What are your expectations for the second half of 2026, and are you seeing any signs of a recovery in demand?A: (CEO) We are not forecasting a significant recovery in the near term. We expect the challenging market conditions to persist through the remainder of the year. Our planning assumptions are based on a continuation of current demand levels, and we are positioning the company to operate efficiently under these conditions. Q: Can you discuss the company's capital allocation priorities given the current earnings pressure?A: (CFO) Our primary focus is on maintaining a strong balance sheet and liquidity. We are prioritizing debt reduction and funding our cost-saving initiatives. While we remain committed to our dividend, we are being very disciplined with any other capital deployment, including share repurchases and M&A, until we see a clearer path to earnings recovery. Q: What specific actions are being taken to address the inventory destocking you mentioned?A: (CEO) We are working closely with our key customers to align our production schedules with their actual demand. We have also reduced our own inventory levels to better match the current run rate. We believe the destocking cycle is largely behind us, but demand remains tepid. Q: How is the company's pricing power holding up in this environment?A: (CFO) Pricing remains competitive. While we have not seen widespread price erosion, we have had to be more selective and offer targeted promotions to maintain volume with certain key accounts. Our focus is on protecting our value proposition rather than engaging in a race to the bottom on price. Q: Are there any specific end markets within your portfolio that are showing relative strength?A: (CEO) The agricultural and certain infrastructure-related end markets have shown more resilience compared to consumer and automotive. We are seeing steady demand for products used in crop production and for basic infrastructure maintenance, which provides some offset to the weakness in other areas. Q: Can you provide an update on the progress of your operational efficiency initiatives?A: (CFO) We are on track with our plans. We have already completed the consolidation of one facility and are in the process of streamlining another. We expect to realize the full annualized benefit of these actions in the first half of 2027. The initial cost savings are beginning to flow through in the current quarter. Q: What is the company's outlook for free cash flow generation for the remainder of the year?A: (CFO) We expect free cash flow to be positive but significantly lower than the prior year due to the decline in earnings. We are tightly managing working capital, particularly inventory and receivables, to maximize cash generation. Our capital expenditure budget has also been reduced to focus only on the most critical maintenance and safety projects. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

EPS From Continuing Operations of $0.50 and Adjusted EPS of $0.53 Grew 92.3% and 60.6% Year-over-year Respectively Revenue Grew 9.8% as Focused Transformation Initiatives are Driving Commercial Excellence and Improved Financial Metrics Operating Income Margin of 17.4% and Adjusted EBITDA Margin of 21.8% Expanded 520 bps and 350 bps Year-over-year Respectively Free Cash Flow of $26.5 Million, up 10.5% vs First Quarter Capital Investment in Europe Reinforces Myers’ Commitment to Protect our Troops and Positions the Company for Military Product-Line Growth AKRON, Ohio, July 30, 2026--(BUSINESS WIRE)--Myers Industries Inc. (NYSE: MYE), a leading manufacturer of Products that Protect™, today announced results for the second quarter ended June 30, 2026. Myers Industries President and CEO Aaron Schapper commented, "Our second quarter results reflect continued execution against our Focused Transformation initiatives and the disciplined actions we have taken to improve the quality of the business. We posted outstanding revenue growth, expanded profitability, generated strong cash flow, and remain focused on serving our customers. The results we have achieved through the first half of 2026, combined with our simplified portfolio, operational improvements and growth investments, position us to sustain our momentum and strengthen our confidence to continue delivering consistent financial performance and long-term value for our shareholders." Second Quarter 2026 Financial Summary Net sales increased 13% excluding the impact from our decision to exit approximately $5 million low-margin products with the idling of two rotational molding facilities in the fourth quarter of 2025. Infrastructure grew 52% and Food & Beverage grew 48%, offset by soft Vehicle and Consumer demand, down 19% and 14%, respectively. Gross profit and Operating income increased due to improved volume and mix, price, and lower manufacturing costs from our Focused Transformation program, which collectively more than offset higher material costs. Balance Sheet & Cash Flow Total liquidity was $292.3 million, including $244.7 million of availability under the revolving credit facility and $47.6 million in cash on hand. Cash flow from operations was $32.1 million, free cash flow was $26.5 million, and capital expenditures were $5.6 million. Net debt as defined by the credit agreement was reduced by $21.2 million while the net leverage ratio improved to 1.9x from 2.2x in the previous quarter. 2026 End Market Outlook The following table presents the Company’s current 2026 outlook for each of its end markets. Conference Call Details The Company will host an earnings conference call and webcast for investors and analysts on Thursday, July 30, 2026, at 10:00 a.m. ET. The call is anticipated to last one hour and may be accessed via live webcast or a replay, by visiting the Company's website www.myersindustries.com and clicking on the Investor Relations tab. An archived replay of the call will also be available shortly after the event. Use of Non-GAAP Financial Measures The Company uses certain non-GAAP measures in this release. Adjusted gross profit, adjusted gross margin, adjusted operating income (loss), adjusted operating income margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA margin, adjusted net income, adjusted earnings per diluted share (adjusted EPS), and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal Products that Protect™ for Consumer, Vehicle, Food & Beverage, Industrial, and Infrastructure end markets. Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, we have established ourselves as a leading diversified industrial company. We provide critical solutions to our customers, delivering exceptional value. Visit www.myersindustries.com to learn more. Caution on Forward-Looking Statements Statements in this release include "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or variations of these words, or similar expressions. These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, these statements inherently involve a wide range of uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. The Company’s actual actions, results, and financial condition may differ materially from what is expressed or implied by the forward-looking statements. Specific factors that could cause such a difference on our business, financial position, results of operations and/or liquidity include, without limitation, raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world, including the impacts of U.S. and foreign tariff policies; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events; our ability to successfully execute our announced intended divestiture of the Myers Tire Supply business; and other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including without limitation, the risk factors disclosed in Item 1A, "Risk Factors," in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Given these factors, as well as other variables that may affect our operating results, readers should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company expressly disclaims any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them. M-INV Source: Myers Industries, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730910461/en/ Contacts Meghan Beringer, Senior Director Investor Relations, 252-536-5651

Interested in Myers Industries, Inc.? Here are five stocks we like better. Myers Industries delivered a strong Q1 2026, with adjusted EPS up 57.1% year over year to $0.44 and adjusted EBITDA up 27%, while EBITDA margin expanded to 21.3%. Management said the results show early progress from its “focused transformation” efforts. Profitability and cash flow improved materially, as adjusted gross margin rose to 34.7% and free cash flow reached $23.9 million. The company also reduced net debt by $18.3 million, leaving net leverage at 2.2x and within its target range. The company reaffirmed its 2026 outlook while flagging near-term pressure from higher resin costs, which may weigh on second-quarter gross margins. Myers expects to offset this through pricing actions and cost reductions, while continuing to prioritize debt reduction and the planned MTS sale. Is Myers Industries Poised for a Breakout? Myers Industries (NYSE:MYE) reported a stronger first quarter of 2026, with management pointing to revenue growth, margin improvement and higher free cash flow as early evidence that its “focused transformation” program is gaining traction. President and Chief Executive Officer Aaron Schapper said the company “began 2026 on a positive trajectory,” building on momentum from 2025. He said Myers is seeing benefits from initiatives aimed at improving margins, increasing operating efficiency and embedding continuous improvement across the organization. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum For the first quarter, adjusted earnings per share rose 57.1% year over year to $0.44. Adjusted EBITDA increased 27%, while adjusted EBITDA margin expanded to 21.3%, up 420 basis points from the prior-year period. Net sales increased 1.8% year over year, or 5% excluding the impact of the company’s fourth-quarter 2025 decision to exit low-margin products and idle two rotational molding facilities. Executive Vice President and Chief Financial Officer Samantha Rutty said adjusted gross margin improved to 34.7%, driven by favorable mix, lower material costs and lower manufacturing costs. Adjusted operating margin rose to 15.7%. → MercadoLibre Boldly Invests in Growth: Discount Deepens The company also reported stronger cash generation. Operating cash flow was $26.7 million in the quarter, while capital expenditures were $2.8 million, producing free cash flow of $23.9 million. Rutty said free cash flow was significantly higher than last year and up 28.5% compared with the fourth quarter. Myers ended the quarter with $44.6 million in cash and total liquidity of $289.3 million. The company reduced net debt by $18.3 million during the quarter, bringing its net leverage ratio to 2.2 times, within its target range of 1.5 times to 2.5 times. Rutty said the company plans to further reduce debt in 2026. → 3 Ways to Target the Resources Powering AI and Data Centers Management emphasized the planned sale of MTS as a key step in narrowing Myers’ focus. Rutty said MTS is now reported as discontinued operations, and all results discussed on the call were from continuing operations only. Schapper said the sale, when completed, would simplify the portfolio and streamline the company’s path to market by removing a fragmented customer base with limited overlap with other parts of the business. He said the move should improve Myers’ ability to focus on markets where it offers differentiated solutions. During the question-and-answer session, Rutty said the company could not provide specifics on the sale process but said management was pleased with the progress being made. Schapper added that divestitures, like acquisitions, are difficult to time precisely and that the company would provide updates “at the appropriate time.” Rutty said strong growth in infrastructure, military and consumer markets helped offset softer demand in vehicle and food and beverage markets. She said new customers accounted for 24% of Infrastructure’s revenue in the quarter, which management views as a sign of a broader and more diversified customer base. Schapper highlighted demand for Signature Systems’ turf protection products, saying they will be featured at multiple FIFA World Cup events this summer. He said the majority of the 11 venues either already own or will rent Myers products for the event. Infrastructure remains a key growth area, supported by U.S. spending on data centers, utility projects and large construction, as well as conversion from wood to composite matting. Rutty said orders for the company’s MegaDeck product are up more than 130% from the same point last year. In response to an analyst question about Signature capacity, Schapper said Myers is using its broader thermoplastics manufacturing footprint to specialize product lines by plant. He said the company is moving stadium products so its Orlando facility can concentrate on MegaDeck production. Rutty added that Myers is adding capacity in Orlando, expected to come online in the first quarter of next year, and said the company does not expect capacity to constrain demand this year. Myers reaffirmed the 2026 outlook it provided on March 5. Rutty said the outlook excludes the impact of exiting low-margin products and idling the two rotational molding facilities in Alliance, Ohio, which represented approximately $5 million in revenue per quarter, primarily in industrial and consumer markets, with a favorable impact to earnings. By end market, Myers expects moderate growth in industrial as manufacturing capital expenditure trends show modest recovery. Military demand is expected to increase as inventories are replenished globally and Myers diversifies its product lines with existing military customers. The company expects stable vehicle demand overall, with flat RV and marine sales due to soft consumer sentiment, a recovery in commercial vehicles beginning in the second half of 2026 and improved demand for automotive OEM component packaging tied to new and updated vehicle program launches. Consumer sales are expected to remain stable. Rutty said first-quarter demand was strong following winter storms across much of the U.S., while spring sales have remained strong during lawn and garden season. Food and beverage is expected to be slightly down for the year, with seed demand projected to be flat and farm input costs affected by supply challenges. Management also warned of near-term pressure from higher resin costs. Rutty said conflict in the Middle East has affected global resin supply and pricing. While availability has not been an issue for Myers due to secure supply, she said the company is experiencing higher material costs as global prices rise. Rutty said Myers is responding through customer discussions, selective or contractual pricing actions and cost reductions. However, because there is typically a lag between cost increases and price recovery, she said the company expects some pressure on second-quarter gross margins. She said Myers expects to mitigate those pressures and expand margins in the second half of the year through contract structure, pricing actions and cost reductions. Schapper said capital allocation priorities remain focused first on reducing debt, then investing in organic growth opportunities within the business. He said Myers will also consider opportunistic mergers and acquisitions, particularly in areas tied to growth platforms such as ground protection, military applications and related thermoplastics capabilities, but emphasized that M&A is not the company’s first priority for cash deployment. Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact. Myers operates primarily through two business segments. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Myers Industries Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

Strong Performance and Benefits from Focused Transformation Initiatives Improved Financial Metrics EPS From Continuing Operations and Adjusted EPS Grew 94.7% and 57.1% Year-over-year Respectively Operating Income Margin and Adjusted EBITDA Margin Expanded 450 bps and 420 bps Year-over-year Respectively Free Cash Flow of $23.9 Million, up 28.5% vs Fourth Quarter Myers Tire Supply Reported as Discontinued Operations; Myers Now Reports as One Operating Segment AKRON, Ohio, May 07, 2026--(BUSINESS WIRE)--Myers Industries Inc. (NYSE: MYE), a leading manufacturer of Products that Protect™, today announced results for the first quarter ended March 31, 2026. Myers Industries President and CEO Aaron Schapper commented, "We began 2026 on a positive trajectory, delivering improved earnings and strong cash flow as our teams performed well and we benefited from recent actions to improve margins. Our decision to sell Myers Tire Supply better positions us to focus on our mission of providing our customers with Products that Protect™. I am pleased with our performance and confident that we are well on our way to deliver consistent, reliable results and create sustainable shareholder value." First Quarter 2026 Financial Summary Net sales increased 5% excluding the impact from our decision to exit approximately $5 million low-margin products with the idling of two rotational molding facilities in the fourth quarter of 2025. Infrastructure grew 26% and Consumer grew 14%, offset by soft Vehicle and Food & Beverage demand, down 14% and 12%, respectively. Gross profit and Operating income increased due to favorable mix, lower material costs, and lower manufacturing costs from our Focused Transformation program. Balance Sheet & Cash Flow Total liquidity was $289.3 million, including $244.7 million of availability under the revolving credit facility and $44.6 million in cash on hand. Cash flow from operations was $26.7 million, free cash flow was $23.9 million, and capital expenditures were $2.8 million. Net debt as defined by the credit agreement was reduced by $18.3 million with a net leverage ratio of 2.2x. Portfolio Transformation The Company realigned its organizational structure into a single segment. With the change, the Company revised its financial presentation to improve peer comparability and incorporate shareholder input. To this end, the Company has: Elected to exclude intangible asset amortization from adjusted EPS calculation to better reflect current operating performance Reclassified shipping and handling costs into Cost of Sales effective January 1, 2026. Previously, the internal costs were included in operating expenses within SG&A and the external costs were included within Freight Out. Restated sales by end market for the past five quarters to exclude Myers Tire Supply: 2026 End Market Outlook The following table presents the Company’s current 2026 outlook for each of its end markets. Conference Call Details The Company will host an earnings conference call and webcast for investors and analysts on Thursday, May 7, 2026, at 10:00 a.m. ET. The call is anticipated to last one hour and may be accessed using the online participation registration link. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast or a replay, visit the Company's website www.myersindustries.com and click on the Investor Relations tab. An archived replay of the call will also be available shortly after the event. Use of Non-GAAP Financial Measures The Company uses certain non-GAAP measures in this release. Adjusted gross profit, adjusted gross margin, adjusted operating income (loss), adjusted operating income margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA margin, adjusted net income, adjusted earnings per diluted share (adjusted EPS), and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal Products that Protect™ the world from the ground up for Consumer, Vehicle, Food & Beverage, Industrial, and Infrastructure end markets. Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, we have established ourselves as a leading diversified industrial company. We provide critical solutions to our customers, delivering exceptional value. Visit www.myersindustries.com to learn more. Caution on Forward-Looking Statements Statements in this release include "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or variations of these words, or similar expressions. These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, these statements inherently involve a wide range of uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. The Company’s actual actions, results, and financial condition may differ materially from what is expressed or implied by the forward-looking statements. Specific factors that could cause such a difference on our business, financial position, results of operations and/or liquidity include, without limitation, raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world, including the impacts of U.S. and foreign tariff policies; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events; our ability to successfully execute our announced intended divestiture of the Myers Tire Supply business; and other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including without limitation, the risk factors disclosed in Item 1A, "Risk Factors," in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Given these factors, as well as other variables that may affect our operating results, readers should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company expressly disclaims any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them. M-INV View source version on businesswire.com: https://www.businesswire.com/news/home/20260507371963/en/ Contacts Meghan Beringer, Senior Director Investor Relations, 252-536-5651