Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the first quarter ended March 31, 2021 on Thursday, May 6, 2021 before the market opens.

Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced additional price increases ranging between 9% and 12% effective April 1, 2021.

March 11, 2021, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter and Full Year 2020 Financial Highlights

• Fourth quarter and full year results include the acquisition of Elkhart Plastics completed in November 2020
• GAAP income per diluted share from continuing operations was $0.08 for the fourth quarter and $1.02 for the full year, compared with $0.16 and $0.68, respectively, for the fourth quarter and full year of 2019
• Adjusted income per diluted share from continuing operations was $0.11 for the fourth quarter and $0.85 for the full year, compared with $0.12 and $0.78, respectively, for the fourth quarter and full year of 2019
• Net sales for the fourth quarter increased 17.7% to $137.5 million, compared with $116.8 million for the fourth quarter of 2019; net sales for the full year decreased 1.0% to $510.4 million, compared with $515.7 million for the full year of 2019
• Gross profit margin was 29.0% for the fourth quarter and 33.7% for the full year, compared with 33.6% and 33.2%, respectively for the fourth quarter and full year of 2019
• Generated cash flow from continuing operations of $46.5 million, and free cash flow of $33.1 million for the full year of 2020

Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel and under-vehicle service industry, today announced the appointment of Paul Johnson as Myers’ Business Vice President, Distribution Segment. Johnson will be responsible for leading Myers’ growing Distribution segment and will assume the role on March 15, 2021.

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, 2021 to shareholders of record as of March 18, 2021.

Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced an 8% price increase effective March 1, 2021 across a majority of its portfolio of products, including those sold by Akro-Mils, Ameri-Kart, Buckhorn, Elkhart Plastics, Jamco Products, Patch Rubber Company, and Scepter.

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the fourth quarter and full year ended December 31, 2020 on Thursday, March 11, 2021 before the market opens.

Myers Industries, Inc. (NYSE: MYE) a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that Yvette Dapremont Bright, current president of Brighter Horizon Foundation, and Jeffrey Kramer, current Chief Executive Officer of Schweitzer-Mauduit International (NYSE: SWM) have been appointed to Myers Industries’ Board of Directors effective February 12, 2021.

Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that it has named Sonal P. Robinson as Executive Vice President of Finance.