earnings
confidence high
sentiment positive
materiality 0.75
Myers Industries Q4 sales up 45%, adj. EPS $0.23; FY2022 adj. EPS guidance $1.20-$1.40
MYERS INDUSTRIES INC
- Q4 net sales $199.6M (+45% overall, +28% organic); adj. EPS $0.23 vs $0.11 (+109%).
- FY2021 net sales $761.4M (+49%); adj. EPS $0.97 vs $0.85 (+14%); adj. EBITDA $72.3M (+9%).
- FY2022 guidance: diluted EPS $1.18-$1.38, adj. EPS $1.20-$1.40; net sales growth high-single to low-double digit.
- Material Handling organic sales +25% in Q4; Distribution organic sales +15.5%, margin up 240 bps.
- Acquisitions Elkhart & Trilogy exceeded expectations, contributed $23.3M in Q4 sales; free cash flow $27M.