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.
12/11/2018
Myers Industries, Inc. (NYSE: MYE), an international manufacturer of polymer products for industrial, agriculture, automotive, commercial and consumer markets, today announced that Kevin Brackman, former Chief Accounting Officer of the Company, has been promoted to Executive Vice President and Chief Financial Officer, effective immediately. Mr. Brackman succeeds Matteo Anversa, who is leaving the Company to accept another professional opportunity. Mr. Anversa’s decision to leave the Company does not reflect any dispute or disagreement with Myers Industries.
11/6/2018
Strong cash flow generation continues; strategic actions to improve Distribution Segment underway

November 6, 2018, 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 third quarter ended September 30, 2018.

Third Quarter 2018 Business Highlights
  • GAAP net loss per diluted share from continuing operations of $0.60, compared to net income per diluted share from continuing operations of $0.10 in the third quarter of 2017
  • Adjusted net income per diluted share from continuing operations of $0.15, compared to $0.10 in the third quarter of 2017
  • Net sales were roughly flat compared to the third quarter of 2017
  • Gross profit margin of 31.1% compared to 29.0% in the third quarter of 2017
  • Generated cash from continuing operations of $13.9 million and free cash flow of $12.7 million
  • The Company recognized $33.3 million of charges related to the 2015 sale of the Company’s Lawn and Garden business - a non-cash, pre-tax charge of $23 million for a promissory note as well as a pre-tax charge of $10.3 million for a potential obligation under a lease guarantee
  • The Company expects that net sales for fiscal year 2018 will be flat to up low-single-digits compared to 2017
11/5/2018
Myers Industries, Inc. (NYSE: MYE) today announced that President and CEO, Dave Banyard, and Executive Vice President and CFO, Matteo Anversa, will attend the Baird 2018 Global Industrial Conference in Chicago.
11/5/2018
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 January 3, 2019, to shareholders of record as of December 7, 2018.
10/23/2018
Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the third quarter ended September 30, 2018 on Tuesday, November 6, 2018 before the market opens.
10/8/2018
Former A. Schulman, Inc. executive brings global legal expertise
Myers Industries, Inc. (NYSE: MYE), an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, announced today that Andrean Horton has been appointed as Executive Vice President, Chief Legal Officer and Secretary, effective October 8, 2018.
10/4/2018
Company Expects to Report Full Quarterly Financial Results on November 6

Myers Industries, Inc. (NYSE: MYE), an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced select preliminary third quarter 2018 financial information.
9/13/2018
Myers Industries, Inc. (NYSE: MYE) today announced that Lori Lutey, retired Executive Vice President and Chief Financial Officer of Schneider National (NYSE: SNDR), has been elected to Myers Industries’ Board of Directors effective September 12, 2018.
8/7/2018
Myers Industries, Inc. (NYSE: MYE) today announced that Ron De Feo, retired Executive Chairman of Kennametal, Inc. and a founding partner of Nonantum Capital Partners, LLC, has been elected to Myers Industries’ Board of Directors effective August 2, 2018.
8/6/2018
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 October 2, 2018, to shareholders of record as of September 7, 2018.
7/30/2018
Operational improvements drive significant gross margin expansion and cash flow generation

July 30, 2018, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the second quarter ended June 30, 2018.

Second Quarter 2018 Business Highlights
  • GAAP net income per diluted share from continuing operations of $0.26, compared to $0.08 in the second quarter of 2017
  • Adjusted net income per diluted share from continuing operations of $0.27, compared to $0.18 in the second quarter of 2017
  • Net sales increased 3.9% (or 3.6% excluding currency fluctuation) compared to the second quarter of 2017
  • Gross profit margin of 34.1% compared to 28.3% in the second quarter of 2017
  • Generated cash from continuing operations of $14.4 million and free cash flow of $13.3 million
  • Raised net proceeds of $79.5M through sale of common stock, improving financial flexibility to make strategic investments
  • Company re-affirms its 2018 outlook
7/16/2018
Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the second quarter ended June 30, 2018 on Monday, July 30, 2018 before the market opens. The Company will host a conference call the same day at 10 a.m. Eastern Time to review its performance.
6/4/2018
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 July 3, 2018, to shareholders of record as of June 15, 2018.
5/23/2018
Myers Industries, Inc. (NYSE: MYE) today announced that President and CEO, Dave Banyard, and Executive Vice President and CFO, Matteo Anversa, will attend KeyBanc Capital Markets’ Industrials & Basic Materials Conference in Boston, MA. The Company’s general session is scheduled for Wednesday, May 30, 2018 at 11:00 a.m. Eastern Time.
5/18/2018
Myers Industries, Inc. (NYSE: MYE) today announced the pricing of an underwritten public offering of 4,000,000 shares of its common stock at a price to the public of $18.50 per share. The offering is expected to close on or about May 22, 2018, subject to the satisfaction of customary closing conditions. In addition, Myers has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock offered in the public offering, on the same terms and conditions.
5/14/2018
Myers Industries, Inc. (NYSE: MYE) today announced that it has commenced an underwritten public offering of 3,750,000 shares of its common stock. All of the shares are being offered by Myers. In addition, Myers intends to grant to the underwriters a 30-day option to purchase up to an additional 562,500 shares of its common stock offered in the public offering, on the same terms and conditions.
5/7/2018
Increased demand and focused execution drive strong growth and cash flow generation

May 7, 2018, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the first quarter ended March 31, 2018.

First Quarter 2018 Business Highlights
  • GAAP net income per diluted share from continuing operations of $0.25, compared to $0.11 in the first quarter of 2017
  • Adjusted net income per diluted share from continuing operations of $0.24, compared to $0.14 in the first quarter of 2017
  • Generated cash from continuing operations of $12.8 million and free cash flow of $11.6 million
  • Net sales increased 11.7% (or 11.4% excluding currency fluctuation) compared to the first quarter of 2017
  • Gross profit margin of 30.9% compared to 30.6% in the first quarter of 2017

4/23/2018
Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the first quarter ended March 31, 2018 on Monday, May 7, 2018 before the market opens. The Company will host a conference call the same day at 10 a.m. Eastern Time to review its performance.
3/9/2018
Myers Industries, Inc. (NYSE: MYE) announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share payable on April 3, 2018 to shareholders of record as of March 20, 2018.
3/6/2018
2017 free cash flow of $43 million, a 102% year-over-year improvement; Company expects growth in 2018

March 6, 2018, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the fourth quarter and year ended December 31, 2017.

Business Highlights
  • Fourth-quarter and full-year 2017 net sales increased 13.6% and 2.4%, respectively; primarily the result of increased demand and market share gains in key niche markets in Material Handling, partially offset by declines in Distribution
  • GAAP income per diluted share from continuing operations was $0.06 for the fourth quarter and $0.35 for the full year, compared to a loss of $0.03 and income of $0.38, respectively for the fourth quarter and full year 2016; adjusted income per diluted share from continuing operations was $0.09 for the fourth quarter and $0.51 for the full year, compared to $0.01 and $0.48, respectively for the fourth quarter and full year 2016
  • Reduced debt by $38.5 million compared to prior year; decreased net-debt-to-adjusted EBITDA ratio to 2.5x
  • Working capital reduction of $10 million and disciplined capital spending resulted in $43 million in free cash flow for 2017, an increase of 102%
  • Divested our Brazil operations which were non-strategic and generated negative cash flow
2/20/2018
Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the fourth quarter and year ended December 31, 2017 on Tuesday, March 6, 2018 before the market opens.
2/13/2018
Myers Industries, Inc. (NYSE: MYE) announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 25, 2018, at 9 a.m. Eastern Time. Shareholders will be able to attend the meeting via a live audio webcast or in person at the Louis S. Myers Training Center located at 1554 South Main Street in Akron.
Myers Industries, Inc. is an international manufacturer of polymer-based returnable packaging and storage and safety products.
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