---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017438"
form_type: "8-K"
ticker: "MYE"
cik: "0000069488"
company_name: "MYERS INDUSTRIES INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:26:02.382272+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Myers Industries Q1 net sales down 4.3% to $215.7M; adj EPS $0.38 vs $0.50; reaffirms FY outlook

## Summary
- GAAP EPS $0.35 vs $0.47; adjusted EPS $0.38 vs $0.50; gross margin expanded 100 bps to 32.9%.
- Material Handling segment sales fell 13.6% to $152.6M on consumer/RV weakness; Distribution up 29.3% to $63.2M, aided by Mohawk Rubber.
- Operating cash flow $25.8M and free cash flow $16.7M, up sharply from $7.3M and $2.2M a year ago.
- FY2023 guidance reaffirmed: GAAP EPS $1.50-$1.80, adjusted EPS $1.55-$1.85; capex $25-$30M.
- Management cites self-help cost measures and 'Myers Business System' to offset demand headwinds in RV and consumer discretionary markets.

## SEC filing metadata
- accession: 0000950170-23-017438
- form_type: 8-K
- ticker: MYE
- cik: 0000069488
- company_name: MYERS INDUSTRIES INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69488/000095017023017438/0000950170-23-017438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69488/000095017023017438/mye-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017438
- JSON: https://secwatch.observer/filing/0000950170-23-017438.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017438.txt

## Key facts
- Earnings Releases
  MYERS INDUSTRIES INC reported the first quarter ended March 31, 2023 results: revenue $215.7 million, net income $12,976, EPS $0.35.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $215.7 million
  - Net income: $12,976
  - EPS: $0.35
  - Result: reported results
  source text: the tire, wheel, and under-vehicle service industry, today announced results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Net sales of $215.7 million compared to $225.5 million in the prior year period • Gross margin of 32.9%, up 100 basis points versus the prior year period • GAAP net income per diluted share of $0.35
  evidence_url: https://www.sec.gov/Archives/edgar/data/69488/000095017023017438/0000950170-23-017438-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.