Highest-materiality recent filing
Myers Industries Q2 EPS $0.50 (adj. $0.53) up 92% YoY; revenue up 9.8%; amends credit facility
EPS from continuing ops $0.50 (adj. $0.53), up 92.3% and 60.6% YoY respectively.
Myers Industries Q1 2026 EPS from continuing ops $0.37 (+94.7% YoY); adjusted EBITDA margin 21.3%
Net sales $164.6M, up 1.8% YoY; ex low-margin product exits, sales up 5%; Infrastructure +26%, Consumer +14%.
Myers Industries Q4 EPS jumps 173% to $0.30; adjusted EPS $0.31, up 63% YoY
Net sales $203.97M flat YoY; Material Handling segment operating margin expanded to 19.0% from 17.0%.
Myers Q3 net income improves to $7.1M, free cash flow $21.5M; starts sale of Tire Supply
Net sales flat at $205.4M; gross profit up 5.3% to $68.6M, gross margin 33.4% vs 31.8% YoY.
Adjusted EPS $0.31 vs $0.39 YoY; net income $9.7M down 5.6%.
Myers Industries Q1 profit surges; EPS $0.18 vs $0.09; adjusted EBITDA up 14% on flat sales
Net sales flat at $206.8M; gross margin expanded to 33.4% from 31.0%.
CFO Grant Fitz resigns effective May 2, 2025; Daniel Hoehn named interim CFO
Grant Fitz resigns as EVP and CFO effective May 2, 2025; will assist with transition until then.
Myers Industries Q4 revenue up 7% to $203.9M; launches $20M cost-savings plan; suspends guidance
Q4 GAAP EPS $0.11 vs $0.34 prior year; adjusted EPS $0.19 vs $0.29; adjusted EBITDA $27.5M (+26%)
Aaron Schapper appointed Myers Industries CEO effective Jan 1, 2025 with $800K base, $2.5M LTI
Aaron Schapper, former Valmont Industries executive, named President and CEO effective Jan 1, 2025; also joins Board.
Myers Industries Q3 net loss of $10.9M on $22M goodwill impairment; guides FY24 adj. EPS $0.92-$1.02
Net sales $205.1M (+3.7% YoY) driven by Signature Systems acquisition; Distribution segment sales fell 16.8%.
Myers Industries CEO Mike McGaugh departs; Dave Basque named interim CEO
Michael McGaugh terminated as President and CEO effective immediately; Board engages national search.
Myers Industries Q2 adj EPS $0.39; lowers FY 2024 outlook to $1.05–$1.20
Net sales $220.2M (+5.7% YoY); net income $10.3M (diluted EPS $0.28) vs $10.6M ($0.29) last year.
Myers Industries Q1 EPS $0.09 ($0.21 adj) vs $0.35 prior; guides to low end of FY range
Net sales $207.1M, down 4.0% YoY; GAAP net income $3.5M vs $13.0M.
Signature CR FY2023 net sales $110.2M (up 3.2% YoY), net income $16.0M (up 117% YoY).
Myers Industries unveils Horizon Two strategy at March 19 Investor Day
Investor Day in NYC on March 19, 2024, led by CEO Mike McGaugh and CFO Grant Fitz.
Q4 net sales $191.1M (down 10.2% YoY); GAAP diluted EPS $0.34; adjusted diluted EPS $0.29.
Myers Industries enters $400M term loan for acquisition; repays $12M in senior notes
Amended loan agreement adds $400M term loan facility to finance Strong Acquisition; $250M revolving facility also available.
Myers Industries completes $350M acquisition of Signature Systems, funded with new term loan A
Cash transaction of $350M; funded via $250M revolver and $400M term loan A ($50M above initial plan).
Myers Industries to acquire Signature Systems for $350M; EPS accretion expected from 2025
Acquisition consideration of $350M, subject to customary adjustments; expected close in Q1 2024.
Myers Industries Q3 net sales down 13.3%; lowers FY2023 adjusted EPS guidance to $1.35-$1.40
Net sales $197.8M (-13.3% YoY); GAAP EPS $0.34 vs $0.37; adjusted EPS $0.38 vs $0.41.
Myers Industries Q2 sales down 10.6%; lowers FY revenue guidance, maintains adj EPS guidance
Net sales $208.5M, down 10.6% YoY; GAAP EPS $0.29 vs $0.43; adjusted EPS $0.35 vs $0.45.
Myers Industries Q1 net sales down 4.3% to $215.7M; adj EPS $0.38 vs $0.50; reaffirms FY outlook
GAAP EPS $0.35 vs $0.47; adjusted EPS $0.38 vs $0.50; gross margin expanded 100 bps to 32.9%.
Q4 net sales $212.8M (+6.6% YoY); GAAP EPS $0.36; adjusted EPS $0.32 (+39% YoY).
Myers Industries Q3 net sales up 14% to $228.1M; adj. EPS $0.41; raises FY adj. EPS guidance
Net sales $228.1M (+14% YoY); organic sales +4%; gross margin expanded to 31.4% vs 27.1%.
Myers Industries enters $250M revolver, ups dividend capacity to $22M
New $250M revolving credit facility with JPMorgan as agent; used to repay existing revolver.
Myers Industries Q2 EPS $0.43 (+43% YoY); revenue $233.2M (+24%); raises FY2022 guidance
GAAP diluted EPS $0.43, up 43% YoY; adjusted diluted EPS $0.45, up 55%.
Myers Industries acquires Mohawk Rubber Sales for $25.5M; adds four distribution centers
Purchase price of $25.5 million financed via revolving credit facility, subject to customary adjustments.
Myers Industries CFO Sonal Robinson resigns; Monica Vinay named interim CFO
CFO Sonal Robinson resigns effective July 1, 2022, to pursue other opportunities; not related to accounting practices.
Net sales $225.5M (+29% YoY); organic sales +23% with 20% from pricing, 3% volume.
Myers Industries Q4 sales up 45%, adj. EPS $0.23; FY2022 adj. EPS guidance $1.20-$1.40
Q4 net sales $199.6M (+45% overall, +28% organic); adj. EPS $0.23 vs $0.11 (+109%).
Net sales $200.1M (+51.3% YoY), organic growth 20%; acquisitions contributed $40.8M.
Net sales $187.4M (+58.3% YoY); organic growth 32% excluding Elkhart acquisition.
Myers Industries acquires Trilogy Plastics for ~$35M revenue bolt-on; accretive in 2021
Acquired certain assets of custom rotational molder Trilogy Plastics; funded via revolving credit facility.
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, the Company’s Vice President and Corporate Controller, will be named Interim Chief Financial Officer effective upon Mr. Fitz’s departure.
Grant Fitz, the Company’s Executive Vice President and Chief Financial Officer, has submitted his resignation effective May 2, 2025.
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.
the Board of Directors has appointed Aaron M. Schapper as President and Chief Executive Officer effective January 1, 2025.
The Board of Directors will also appoint Mr. Schapper as a member of the Board of Directors effective January 1, 2025
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
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.
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.
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.
Monica Vinay, the Company’s Vice President, Investor Relations and Treasurer, has submitted her resignation, effective June 30, 2023.
Jim Gurnee, Vice President, Sales, Marketing and Commercial Excellence, will also serve as Vice President, Distribution, effective June 1, 2023.
Max materiality 0.85 · Median 0.65 · Most common event earnings