earnings
confidence high
sentiment negative
materiality 0.75
Myers Industries Q3 sales up 51% to $200.1M; adjusted EPS $0.23 vs $0.30; guides FY21 adj EPS $0.90-$1.05
MYERS INDUSTRIES INC
2021-Q3 EPS reported
$0.72
revenue$561,856,000
- Net sales $200.1M (+51.3% YoY), organic growth 20%; acquisitions contributed $40.8M.
- Adjusted EPS $0.23 vs $0.30; GAAP EPS $0.22 vs $0.24.
- Operating income $11.8M (-10.1%); adjusted operating margin 6.3% vs 11.8% on cost headwinds.
- Material Handling segment sales +72.5% to $149.7M; adj operating margin 10.2% vs 19.0%.
- Free cash flow negative $13.8M vs positive $16.2M; FY21 adj EPS guidance $0.90-$1.05.