Press Releases

News

Press Releases

Myers Industries strives to provide transparency with respect to key initiatives, business outlook and future goals, providing the information necessary to make good decisions and continually grow our business. We are committed to offering relevant news to our customers and shareholders. Search our extensive library to learn more.

Myers Industries Announces Quarterly Dividend

3/7/2019

Myers Industries, Inc. (NYSE: MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share payable on April 2, 2019 to shareholders of record as of March 20, 2019.

Myers Industries Reports 2018 Fourth Quarter and Full Year Results

2/28/2019

Strong earnings growth in 2018; free cash flow of $55 million

February 28, 2019, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced results for the fourth quarter and year ended December 31, 2018.

Business Highlights

GAAP income per diluted share from continuing operations for 2018 was $0.09 for the fourth quarter and a loss of $0.05 for the full year (includes $33.3 million of pre-tax charges related to the Company’s sale of its Lawn and Garden business, which was sold in 2015), compared to income of $0.06 and $0.35, respectively, for the fourth quarter and full year 2017
Adjusted income per diluted share from continuing operations was $0.13 for the fourth quarter and $0.76 for the full year, compared to $0.09 and $0.51, respectively, for the fourth quarter and full year 2017
Net sales for the fourth quarter decreased 1.2% compared to the fourth quarter 2017; net sales for the full year increased 3.6% compared to the full year 2017
Gross margin expanded 310 basis points to 30.4% for the fourth quarter and 280 basis points to 31.6% for the full year
Generated $55 million in free cash flow from continuing operations for 2018, an increase of 28% compared to 2017
Income per diluted share from continuing operations estimated to be between $0.75 and $0.85 for the full year 2019

Myers Industries to Attend the JP Morgan 2019 Aviation, Transportation and Industrials Conference

2/26/2019

Myers Industries, Inc. (NYSE: MYE) today announced that President and CEO, Dave Banyard, and Executive Vice President and CFO, Kevin Brackman, will attend the JP Morgan 2019 Aviation, Transportation and Industrials Conference in New York, NY. The Company’s general session is scheduled for Tuesday, March 5, 2019 at 4:20 p.m. Eastern Time.

Myers Industries Announces Reporting Date and Conference Call for 2018 Fourth Quarter and Full Year Results; Announces 2019 Annual Meeting Date

2/12/2019

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the fourth quarter and full year ended December 31, 2018 on Thursday, February 28, 2019 before the market opens. The Company will host a conference call the same day at 8:30 a.m. Eastern Time to review its performance.

Material Handling Segment

Myers Industries, Inc. is an international manufacturer of polymer-based returnable packaging and storage and safety products.

Distribution Segment

Myers Industries, Inc. is the largest wholesale distributor of tire repair and retread products in North America.