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

6/5/2017

Myers Industries, Inc. (NYSE: MYE) announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share payable on July 5, 2017 to shareholders of record as of June 16, 2017.

Myers Industries Reports 2017 First Quarter Results

5/8/2017

Strong cash flow growth driven by working capital and capital spending discipline

Myers Industries, Inc. (NYSE: MYE) today announced results for the first quarter ended March 31, 2017.

First Quarter 2017 Business Highlights

Net sales decreased 6.3% (or 7.2% excluding currency fluctuation) compared to the first quarter of 2016
Gross profit margin of 29.6% compared to 31.9% in the first quarter of 2016
GAAP net income per diluted share from continuing operations of $0.10, compared to $(0.11) in the first quarter of 2016
Adjusted net income per diluted share from continuing operations of $0.13, compared to $0.21 in the first quarter of 2016
Generated cash from continuing operations of $13.1 million and free cash flow of $12.6 million

Myers Industries to Present at Wells Fargo Industrials Conference

5/1/2017

Myers Industries, Inc. (NYSE: MYE) today announced President and CEO, Dave Banyard, and Executive Vice President and CFO, Matteo Anversa, will speak at the Wells Fargo Industrials Conference on Wednesday, May 10, 2017, at 8:00 a.m. Eastern Time, at the Lotte New York Palace Hotel.

Myers Industries Announces Reporting Date and Conference Call for 2017 First Quarter Results

4/25/2017

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the first quarter ended March 31, 2017 on Monday, May 8, 2017 before the market opens. The Company will host a conference call the same day at 10 a.m. Eastern Time to review its performance.

Myers Industries Reports 2016 Fourth Quarter Results and Full Year Results

3/9/2017

Fourth quarter results in line with Company expectations; Strategic update and long-term outlook provided

Myers Industries, Inc. (NYSE: MYE) today announced results for the fourth quarter and year ended December 31, 2016.

Business Highlights

Income per diluted share from continuing operations was a loss of $0.04, compared to $0.00 for the fourth quarter of 2015 and $0.05, compared to $0.45 for the full year of 2015; adjusted income per diluted share from continuing operations was $0.00, compared to $0.06 for the fourth quarter of 2015 and $0.44, compared to $0.57 for the full year of 2015

Fourth-quarter and full-year 2016 net sales declined 6.6% and 7.2%, respectively; primarily the result of a reduced capital spending environment in several key customer end markets

Selling, general and administrative expenses declined by $8.8 million in 2016 to $138.6 million, representing 24.8% of net sales, compared to 24.5% of net sales in the prior year

Working capital improvements and disciplined capital spending resulted in $21 million in free cash flow (cash flow from continuing operations less capital expenditures) for 2016; $16 million returned to shareholders as dividends during 2016

Amended and extended loan agreement announced on March 9, 2017 enables greater financial flexibility

Announcing enterprise strategy focused on growth opportunities in key niche markets and improving operational efficiency to drive strong cash flow growth; established long-term financial targets

Myers Industries Announces Quarterly Dividend

3/7/2017

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 4, 2017 to shareholders of record as of March 17, 2017.

Myers Industries Announces Reporting Date and Conference Call for 2016 Fourth Quarter & Full-Year Results

2/23/2017

Myers Industries, Inc. (NYSE: MYE) today announced that it will report financial results for the fourth quarter and year ended December 31, 2016 on Thursday, March 9, 2017 before the market opens.

Myers Industries Announces Date for 2017 Annual Meeting

2/17/2017

Myers Industries, Inc. (NYSE: MYE) announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 26, 2017, at 9 a.m. Eastern Time.

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.