Our Path Forward

Myers Industries has a rich history that is built on strong brands and innovative products that protect the world from the ground up. Through years of continuous product development and strategic acquisitions, we have established ourselves as a leading diversified industrial company. We provide critical solutions to our customers, delivering exceptional value in the process.

While many of the businesses in our portfolio are performing extremely well, we recognize that some are not currently performing to expectations. We are acting quickly and decisively in 2025 to make improvements, beginning with the launch of our Focused Transformation initiative.

Through this approach, we are focusing on our core competencies by applying resources, leveraging market opportunities, and prioritizing strategies that will deliver the greatest impact. Across the organization, the initiative is designed to achieve results by attaining the following four outcomes:

Create Performance Culture

• Focus on execution and accountability
• Instill relentless commitment to continuous improvement

Deliver Consistent Results

• Commit to implementing $20 million of annualized cost savings, primarily in SG&A, by year-end 2025
• Eliminate redundancy and elevate decision-making across the organization

Improve Portfolio Profitability

• Develop action plans to accelerate growth and expand margins in businesses that are performing well
• Set targeted KPIs to drive improvement in underperforming businesses

Deploy Disciplined Capital Allocation

• Invest in growth while returning cash to shareholders
• Launch $10 million 2025 Share Repurchase Program