secwatch.observer — SEC 8-K summary
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Issuer:     MYERS INDUSTRIES INC (MYE)
CIK:        0000069488
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-088939
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myers Industries Q2 adj EPS $0.39; lowers FY 2024 outlook to $1.05–$1.20
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- Net sales $220.2M (+5.7% YoY); net income $10.3M (diluted EPS $0.28) vs $10.6M ($0.29) last year.
- Adjusted EPS $0.39 (+11.4% YoY); adjusted EBITDA $38.9M (+57.4%).
- Full-year adjusted EPS guidance lowered to $1.05–$1.20, citing persistent weakness in RV, Marine, Automotive Aftermarket.
- Material Handling segment sales $166.0M (+15.9%) boosted by Signature Systems; Distribution segment sales $54.3M (-16.7%).
- Announced consolidation of Atlantic, IA rotational molding plant and three distribution centers; targeting $5M savings in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69488/000095017024088939/0000950170-24-088939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69488/000095017024088939/mye-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088939

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer