MYERS INDUSTRIES INC reported the first quarter ended March 31, 2026 results: revenue $164,580, net income $13,799, EPS $0.37.
“First Quarter 2026 Financial Summary Quarter Ended March 31, (Dollars in thousands, except per share data) 2026 2025 % Inc (Dec) Net sales $ 164,580 $ 161,667 1.8% Gross profit $ 56,545 $ 50,219 12.6% Gross margin 34.4 % 31.1 % +330 bps Operating income $ 24,852 $ 17,201 44.5% Operating income margin 15.1 % 10.6 % +450 bps Income from continuing operations $ 13,799 $ 7,188 92.0% Income per diluted share from continuing operations $ 0.37 $ 0.19 94.7%”
Daniel Hoehn was appointed as Interim Chief Financial Officer at MYERS INDUSTRIES INC.
“Mr. Hoehn will be provided a supplemental monthly payment of $8,000 in addition to his current base salary of $304,072 for the period during which Mr. Hoehn serves as the Company’s Interim Chief Financial Officer.”
Daniel Hoehn was appointed as Interim Chief Financial Officer at MYERS INDUSTRIES INC.
“Daniel Hoehn, the Company’s Vice President and Corporate Controller, will be named Interim Chief Financial Officer effective upon Mr. Fitz’s departure.”
Grant Fitz resigned as Executive Vice President and Chief Financial Officer at MYERS INDUSTRIES INC.
“Grant Fitz, the Company’s Executive Vice President and Chief Financial Officer, has submitted his resignation effective May 2, 2025.”
Dave Basque departed as Interim President and Chief Executive Officer at MYERS INDUSTRIES INC.
“Dave Basque will continue to serve in his current capacity as Interim President and Chief Executive Officer until Mr. Schapper assumes his duties as President and Chief Executive Officer effective January 1, 2025.”
Aaron M. Schapper was appointed as member of the Board of Directors at MYERS INDUSTRIES INC.
“The Board of Directors will also appoint Mr. Schapper as a member of the Board of Directors effective January 1, 2025”
Aaron M. Schapper was appointed as President and Chief Executive Officer at MYERS INDUSTRIES INC.
“the Board of Directors has appointed Aaron M. Schapper as President and Chief Executive Officer effective January 1, 2025.”
Dave Basque was appointed as Interim President and Chief Executive Officer at MYERS INDUSTRIES INC.
“and the appointment by the Board of Directors of Dave Basque to serve as Interim President and Chief Executive Officer until a new President and Chief Executive Officer is appointed.”
Michael McGaugh departed as President and Chief Executive Officer at MYERS INDUSTRIES INC.
“On September 9, 2024, Myers Industries, Inc. (the “Company”) issued a press release announcing the departure of Michael McGaugh, President and Chief Executive Officer, as an officer and director of the Company effective immediately”
Jim Gurnee departed as Vice President of Distribution at MYERS INDUSTRIES INC.
“The Company and Jim Gurnee, the current Vice President of Distribution, have mutually agreed to a separation date of September 30, 2024, to help provide a smooth transition in leadership of the Distribution Segment.”
Jeff Baker was appointed as President, Distribution Segment at MYERS INDUSTRIES INC.
“Myers Industries, Inc. (the “Company”) has appointed Jeff Baker as President, Distribution Segment, effective October 1, 2024, at which time Mr. Baker will transition from his current role as Vice President, Shared Services.”
Earnings Releases
MYERS INDUSTRIES INC reported full year ended December 31, 2023 results: revenue $813.1 million, EPS $1.32 per diluted share. Guidance initiated.
“to $0.32 in the prior year period • Cash flow provided by operations was $15.4 million and free cash flow was $11.8 million Full Year 2023 Financial Highlights • Net sales of $813.1 million compared to $899.5 million in the prior year period • Gross margin of 31.9%, up 40 basis points versus the prior year period • GAAP net income per diluted share of $1.32 compared”
Earnings Releases
MYERS INDUSTRIES INC reported fourth quarter ended December 31, 2023 results: revenue $191.1 million, net income $12,539, EPS $0.34 per diluted share. Guidance initiated.
“as we continue to benefit from early implementation of the Myers Business System to help drive Operational Excellence.” Fourth Quarter 2023 Financial Highlights • Net sales of $191.1 million compared to $212.8 million in the prior year period • Gross margin of 30.0%, down 60 basis points versus the prior year period • GAAP net income per diluted share of $0.34”
Governance Changes
MYERS INDUSTRIES INC: Adopted amended and restated Code of Ethics & Business Conduct (effective 2024-03-01).
“On February 29, 2024, the Board of Directors (the "Board") of Myers Industries, Inc. ("Myers" or the "Company") approved and adopted an amended and restated Code of Ethics & Business Conduct (the "Amended Code").”
Debt Financings
MYERS INDUSTRIES INC amended credit facility with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at increase the applicable margins for the loans under the Amended Loan Agreement a.
“increase the applicable margins for the loans under the Amended Loan Agreement and such increase shall range between 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and between 0.775% and 1.35% for base rate loans”
Debt Financings
MYERS INDUSTRIES INC incurred term loan of $400 million with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and bet maturing fifth anniversary of the Amendment.
“permit a new term loan facility (the “Term Loan Facility”) in the aggregate principal amount of $400 million (the “Term Loans”) as an Incremental Term Loan (as defined in the Existing Loan Agreement)”
Material Agreements
MYERS INDUSTRIES INC amended Amendment No. 1 to Seventh Amended and Restated Loan Agreement with JPMorgan Chase Bank, National Association, as administrative agent, and the existing and new financial institutions party thereto as lenders valued at $400 million (effective 2024-02-08).
“On February 8, 2024, Myers Industries, Inc. (the “Company”), MYE Canada Operations Inc. and Scepter Canada Inc., each as foreign subsidiary borrowers (together with the Company, collectively, the “Borrowers”) amended that certain Seventh Amended and Restated Loan Agreement, dated as of September 29, 2022, among the Borrowers, the other foreign subsidiary borrowers party thereto from time to time, JPMorgan Chase Bank, National Association, as administrative agent (the “Administrative Agent”), and the certain financial institutions party thereto as lenders (the “Existing Loan Agreement”) pursuant to the Amendment No. 1 to Seventh Amended and Restated Loan Agreement, dated as of February 8, 2024, among the Borrowers, the Administrative Agent, and the existing and new financial institutions party thereto as lenders (the “Amendment", and the Existing Loan Agreement, as amended pursuant to the Amendment being referred to herein as the “Amended Loan Agreement”).”
M&A Transactions
MYERS INDUSTRIES INC completed an acquisition involving Signature CR Intermediate Holdco, Inc. for $350,000,000 (closed 2024-02-08).
““Merger”), with Signature as the surviving entity in the Merger. Pursuant to the terms of the Merger Agreement, the Company acquired Signature for aggregate consideration of $350,000,000. The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.