Myers Industries Q2 EPS $0.43 (+43% YoY); revenue $233.2M (+24%); raises FY2022 guidance

MYERS INDUSTRIES INC

2022-Q2 EPS reported $0.91 revenue$458,642,000

GAAP diluted EPS $0.43, up 43% YoY; adjusted diluted EPS $0.45, up 55%.
Net sales $233.2M (+24% YoY); organic net sales up 16%; favorable pricing +17%.
Adjusted EBITDA $28.9M (+41% YoY); free cash flow $21.1M vs $11.7M.
Material Handling segment sales +26.1%, adj. op. margin 16.2% (+380 bps).
Raised FY2022 adjusted EPS guidance to $1.40-$1.60 (from $1.30-$1.50); net sales growth high teens.

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