Myers Industries Q2 EPS $0.50 (adj. $0.53) up 92% YoY; revenue up 9.8%; amends credit facility

MYERS INDUSTRIES INC

EPS from continuing ops $0.50 (adj. $0.53), up 92.3% and 60.6% YoY respectively.
Revenue $179.2M, up 9.8% YoY; Infrastructure +52%, Food & Beverage +48%, Vehicle -19%, Consumer -14%.
Operating income margin 17.4% (+520 bps); Adjusted EBITDA margin 21.8% (+350 bps).
Free cash flow $26.5M; net leverage ratio improved to 1.9x from 2.2x.
Amended credit agreement: new $250M revolver and $250M term loan, maturity extended to 2031.

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