Myers Industries Q4 revenue up 7% to $203.9M; launches $20M cost-savings plan; suspends guidance

MYERS INDUSTRIES INC

Q4 GAAP EPS $0.11 vs $0.34 prior year; adjusted EPS $0.19 vs $0.29; adjusted EBITDA $27.5M (+26%)
Full-year net sales $836.3M (+2.9%); GAAP net income $7.2M vs $48.9M; adjusted EPS $1.04 vs $1.39
Material Handling segment sales +20% to $152.7M, but operating income fell 13% to $25.9M
New CEO launches 'Focused Transformation' targeting $20M annualized SG&A cost savings by year-end 2025
Board authorized new $10M share repurchase program; management suspends annual guidance pending portfolio review

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