MYERS INDUSTRIES COMMENTS ON
FINANCIAL OUTLOOK

FOR IMMEDIATE RELEASE: June 7, 2001, Akron, Ohio USA -- Myers Industries, Inc. (NYSE: MYE) today announced that the decline in the economy, including the continued slump in automotive, recreational vehicle, and truck markets and weakness in the automotive aftermarket, will cause the Company’s second quarter sales and earnings to fall far short of last year’s levels. The decline began in April and affects markets to which the Company sells plastic products. Myers Industries also cautioned that persistence of those conditions will cause the Company’s second half and full year performance to be below that of last year.

Net sales for the 2001 second quarter are expected to be below the $166.2 million reported for the same period last year, and earnings per share will be well-below the $0.37 reported last year. Results for the second quarter will be announced on July 18, 2001.

“Our business remains fundamentally sound,” said Myers Industries’ President and Chief Executive Officer Stephen E. Myers. “We have brand strength, market leadership, and multiple platforms for growth. The outlook announced here reflects the impact on our customers of the progressive weakness in the United States economy.

“We view this period of lower sales and earnings as temporary. We are using this time to focus on more effective asset management and expense control towards the ends of debt reduction and increased profitability.”

Myers Industries, Inc. is an international manufacturer of plastic and rubber products for industrial, agricultural, automotive, commercial, and consumer markets. Products range from reusable plastic containers and plastic flower planters to plastic storage and organization products, rubber OEM parts, rubber tire repair products, and custom rubber materials. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire service and automotive underbody repair industry in the United States. Myers has 25 manufacturing facilities in North America and Europe, 42 domestic and five international distribution branches, more than 20,000 products, and more than 4,300 employees. The Company reported net sales of $652.7 million in 2000.

Forward-Looking Statements: Statements in this release may include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties that could cause actual results to materially differ from those expressed or implied. Any statement that is not of historical fact is a forward-looking statement. Myers Industries does not undertake to update forward-looking statements contained herein.

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