Myers Industries Q3 net sales up 14% to $228.1M; adj. EPS $0.41; raises FY adj. EPS guidance

MYERS INDUSTRIES INC

2022-Q3 EPS reported $1.28 revenue$686,707,000

Net sales $228.1M (+14% YoY); organic sales +4%; gross margin expanded to 31.4% vs 27.1%.
Adjusted diluted EPS $0.41 (+78% YoY); GAAP diluted EPS $0.37 (+68% YoY).
Material Handling segment adj. operating margin +540bps to 15.6%; Distribution margin -160bps to 7.1%.
FY2022 adjusted EPS guidance raised to $1.50-$1.70 (from $1.40-$1.60); net sales growth in high teens reaffirmed.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MYERS INDUSTRIES INC reported third quarter ended September 30, 2022 results: revenue $228.1 million, net income $13,671 million, EPS $0.37 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $228.1 million
Net income: $13,671 million
EPS: $0.37 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

and under-vehicle service industry, today announced results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights • Net sales increased 14% to $228.1 million, compared with $200.1 million for the third quarter of 2021 • On an organic basis, net sales increased 4% compared with the third quarter of 2021 • Earnings per diluted share

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Source: SEC EDGAR

accession 0000950170-22-020242

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