---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037548"
form_type: "8-K"
ticker: "MYE"
cik: "0000069488"
company_name: "MYERS INDUSTRIES INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:55:48.228148+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Myers Industries Q2 sales down 10.6%; lowers FY revenue guidance, maintains adj EPS guidance

## Summary
- Net sales $208.5M, down 10.6% YoY; GAAP EPS $0.29 vs $0.43; adjusted EPS $0.35 vs $0.45.
- Material Handling sales fell 17.2% on weaker RV/marine demand; Distribution sales up 8.5% aided by Mohawk acquisition.
- Gross margin expanded 80 bps to 32.8% despite lower volumes; self-help initiatives cited.
- Full-year revenue guidance lowered to mid-single-digit decline; adjusted EPS guidance maintained at $1.55-$1.85.
- Deactivated a Roto Molding facility and took cost actions in response to softer end-market demand.

## SEC filing metadata
- accession: 0000950170-23-037548
- form_type: 8-K
- ticker: MYE
- cik: 0000069488
- company_name: MYERS INDUSTRIES INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69488/000095017023037548/0000950170-23-037548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69488/000095017023037548/mye-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037548
- JSON: https://secwatch.observer/filing/0000950170-23-037548.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037548.txt

## Key facts
- Earnings Releases
  MYERS INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $208.5 million, EPS $0.29. Guidance lowered.
  - Period: second quarter ended June 30, 2023
  - Revenue: $208.5 million
  - EPS: $0.29
  - Guidance: lowered
  - Result: reported results
  source text: Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel, and under-vehicle service industry, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights • Net sales of $208.5 million compared to $233.2 million in the prior year period • Gross margin of 32.8%, up 80 basis points versus the prior year period • GAAP net income per diluted share of $0.29 compared to $0.43 in the prior year period • Adjusted earnings per diluted share of $0.35 compared to $0.45 in the prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/69488/000095017023037548/0000950170-23-037548-index.htm

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