Updates Full-Year Outlook

November 5, 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 third quarter ended September 30, 2019.

Third Quarter 2019 Financial Highlights

• GAAP income per diluted share from continuing operations was $0.15, compared to a loss of $0.60 for the third quarter of 2018, which included a charge of $33.3 million related to the 2015 sale of the Company’s Lawn and Garden business; adjusted income per diluted share from continuing operations was $0.15, which was flat compared to the third quarter of 2018
• Net sales decreased 7.2% to $125.5 million
• Adjusted operating income increased 7.9% to $8.5 million, despite a $3.5 million charge for estimated product replacement costs related to a manufacturing defect in certain boxes produced within the Material Handling Segment in 2019
• Generated cash flow from continuing operations of $23.3 million and free cash flow of $22.1 million
• Completed acquisition of Tuffy Manufacturing for $18 million in August 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 January 3, 2020 to shareholders of record as of December 6, 2019.

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the third quarter ended September 30, 2019 on Tuesday, November 5, 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.

Myers Industries, Inc. (NYSE: MYE), an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced that Dave Banyard has resigned as President and Chief Executive Officer, effective October 25, 2019, to accept another professional opportunity.

Experienced human resources executive brings broad HR and business expertise

Myers Industries, Inc. (NYSE: MYE), an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced that Tom Harmon has joined the Company as Vice President, Chief Human Resources Officer. In this role, he will be responsible for leading all aspects of human resources, including talent acquisition, talent development and learning, business partnerships, compensation and benefits, employee engagement and culture.

Myers Industries, Inc. (NYSE: MYE) today announced that it has acquired the assets of Tuffy Manufacturing Industries, Inc., a warehouse distributor of tire repair equipment and supplies.

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, 2019 to shareholders of record as of September 3, 2019.

Updates Full-Year Outlook

July 30, 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 second quarter ended June 30, 2019.

Second Quarter 2019 Business Highlights

• GAAP income per diluted share from continuing operations was $0.18, compared to $0.26 for the second quarter of 2018; adjusted income per diluted share from continuing operations was $0.27, or flat compared to the second quarter of 2018
• Net sales decreased 4.5% compared to the second quarter of 2018
• Gross profit margin expanded 90 bps to 35.0%
• Operating income decreased 22.3%; adjusted operating income increased 6.0%
• Generated cash flow from continuing operations of $10.9 million and free cash flow of $9.4 million

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the second quarter ended June 30, 2019 on Tuesday, July 30, 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.

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 2, 2019 to shareholders of record as of June 14, 2019.

Myers Industries, Inc. (NYSE: MYE) today announced that President and CEO, Dave Banyard, and Executive Vice President and CFO, Kevin Brackman, will attend KeyBanc Capital Markets’ Industrials & Basic Materials Conference in Boston, MA. The Company’s general session is scheduled for Thursday, May 30, 2019 at 10:00 a.m. Eastern Time.

Margin expansion continues; reaffirms full-year outlook

May 8, 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 first quarter ended March 31, 2019.

First Quarter 2019 Business Highlights

• GAAP income per diluted share from continuing operations was $0.19, compared to $0.25 for the first quarter of 2018
• Adjusted income per diluted share from continuing operations was $0.23, compared to $0.24 for the first quarter of 2018
• Net sales decreased 8.8% compared to the first quarter of 2018
• Gross margin expanded 180 basis points to 32.7%
• Generated cash from continuing operations of $5.3 million and free cash flow of $2.4 million
• Company reaffirms full-year outlook of GAAP income per diluted share from continuing operations estimated to be between $0.70 and $0.80 for the full year 2019 and adjusted income per diluted share from continuing operations estimated to be between $0.75 and $0.85 for the full year 2019

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the first quarter ended March 31, 2019 on Wednesday, May 8, 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.

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.

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, 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, 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.