---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057103"
form_type: "8-K"
ticker: "MYE"
cik: "0000069488"
company_name: "MYERS INDUSTRIES INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:31:09.385695+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Myers Industries Q3 net sales down 13.3%; lowers FY2023 adjusted EPS guidance to $1.35-$1.40

## Summary
- Net sales $197.8M (-13.3% YoY); GAAP EPS $0.34 vs $0.37; adjusted EPS $0.38 vs $0.41.
- Material Handling segment sales down 14.9% to $132.5M; Distribution segment sales down 9.8% but op income up slightly.
- Free cash flow $18.1M, up from $9.8M; total debt reduced to $69.3M.
- FY2023 outlook: net sales decline mid-to-high single digits; adjusted EPS lowered to $1.35-$1.40 range.
- Gross margin expanded 10 bps to 31.5% despite revenue headwinds, driven by cost initiatives.

## SEC filing metadata
- accession: 0000950170-23-057103
- form_type: 8-K
- ticker: MYE
- cik: 0000069488
- company_name: MYERS INDUSTRIES INC
- filed_at: 2023-11-01T23:59:59+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/69488/000095017023057103/0000950170-23-057103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69488/000095017023057103/mye-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057103
- JSON: https://secwatch.observer/filing/0000950170-23-057103.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057103.txt

## Key facts
- Earnings Releases
  MYERS INDUSTRIES INC reported the third quarter ended September 30, 2023 results: revenue $197.8 million, net income $12,747 thousand, EPS $0.34.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $197.8 million
  - Net income: $12,747 thousand
  - EPS: $0.34
  - Result: reported results
  source text: tire, wheel, and under-vehicle service industry, today announced results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights • Net sales of $197.8 million compared to $228.1 million in the prior year period • Gross margin of 31.5%, up 10 basis points versus the prior year period • GAAP net income per diluted share of $0.34 compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/69488/000095017023057103/0000950170-23-057103-index.htm

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