MYE
Myers Industries, Inc.19.30
+0.03+0.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
722.01MP/E (TTM)
26.08Basic EPS (TTM)
0.74Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Myers Industries posted steady net sales of $205.4M for Q3 ended September 30, 2025, flat year-over-year but up from Q2's derived $216.3M. Gross profit climbed 5.3% y/y to $68.6M, lifting gross margin to 33.4% from 31.8%, while operating income swung to $17.7M from a $4.8M loss, thanks to no repeat of last year's $22M impairment. Net income hit $7.1M or $0.19 diluted EPS, matching basic on 37.4M shares. Cash swelled to $48.0M, with operating cash flow at $64.2M YTD fueling $48.3M free cash flow (derived) after $15.9M capex; total debt eased to $361.2M. The Signature acquisition closed February 2024 for net $348.3M cash, adding $255.5M goodwill. Competition from low-cost imports pressures margins.
8-K
Q3 earnings flat, cash flow up
Myers Industries reported Q3 2025 net sales of $205.4 million, flat year-over-year, but gross profit climbed 5.3% to $68.6 million on favorable mix and lower costs, driving operating income to $17.7 million from a $4.8 million loss. Free cash flow surged to $21.5 million, up from $10.1 million, while debt dropped $10 million to a 2.6x leverage ratio. The company launched a sale process for its Myers Tire Supply unit with KeyBanc, targeting $20 million in annual cost savings by year-end. Sale execution remains key amid market softness.
8-K
CFO Appointment Announced
Myers Industries appointed Samantha Rutty as Executive Vice President and Chief Financial Officer, effective September 22, 2025, succeeding interim CFO Daniel Hoehn, who returns to Vice President and Corporate Controller. Rutty, 44, brings over 20 years of finance leadership from Brink's North America and Eaton Corporation. Her package includes a $450,000 base salary, $580,000 sign-on bonus, and equity awards totaling $630,000 grant value. This bolsters financial oversight amid ongoing operations.
8-K
Q2 earnings and strategic review
Myers Industries reported Q2 2025 net sales of $209.6 million, down 4.8% year-over-year, as industrial growth in military products offset weakness in vehicle and automotive aftermarket segments. The company launched a strategic review of its $189 million Myers Tire Supply business to streamline its portfolio and boost profitability, while idling two Ohio facilities for at least $3 million in annual savings. Free cash flow surged to $24.7 million. On track for $20 million in cost reductions by year-end.
10-Q
Q2 FY2025 results
Myers Industries posted Q2 net sales of $209.6M, down 4.9% y/y but up 8.6% q/q (derived), with gross profit holding steady at $70.7M and operating income slipping to $20.0M from $23.7M y/y amid higher freight costs. For the half-year, sales dipped 2.6% y/y to $416.3M, yet operating income climbed 5.9% to $36.6M, driving net income to $16.5M or $0.44 diluted EPS, matching 37.4M shares with no anti-dilution noted. Cash swelled to $41.3M on $38.4M operating cash flow, minus $11.7M capex for $26.7M free cash flow (derived), while long-term debt eased to $346.2M after $10M Term Loan A repayment. A $1.6M pension settlement charge hit Q2 earnings. Competition from low-cost imports pressures margins.
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