Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. It operates through two segments, Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets various plastic and metal products, including plastic reusable material handling containers and small parts storage bins, plastic recreational vehicle tanks and parts, marine tanks and parts, portable plastic fuel tanks and water containers, portable marine fuel containers, ammunition containers, storage totes, bulk shipping containers, and metal carts and cabinets. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and other markets under the Buckhorn, Akro-Mils, Jamco, Ameri-Kart, and Scepter brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.
IPO Year: 1983
Exchange: NYSE
Website: myersindustries.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 3/2/2023 | $28.50 → $23.75 | Outperform → Market Perform | TD Cowen |
| 8/24/2021 | $25.00 → $27.00 | Overweight | Keybanc |
KeyBanc Capital Markets downgraded Myers Industries from Overweight to Sector Weight
TD Cowen downgraded Myers Industries from Outperform to Market Perform and set a new price target of $23.75 from $28.50 previously
Keybanc reiterated coverage of Myers Industries with a rating of Overweight and set a new price target of $27.00 from $25.00 previously
Cowen reiterated coverage of Myers Industries with a rating of Outperform and set a new price target of $25.00 from $23.00 previously
Elkhart Plastics, a Myers Industries Company and recognized leader in rotational molding, introduced its new Vertical Water Storage Tanks—broadening its product portfolio and marking its entry into a new market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506578129/en/Elkhart Plastics, a Myers Industries Company and recognized leader in rotational molding, introduced its new Vertical Water Storage Tanks—broadening its product portfolio and marking its entry into a new market. Designed to protect people, livestock, crops, and property, these vertical storage tanks support a wide range of commercial and residential water need
Year-over-year Improvement in Gross Profit, Operating Income and EPS on Flat Sales Reduced SG&A Showing Early Signs of Progress with "Focused Transformation" Efforts, Driving Improved Financial Performance and Culture of Accountability Repurchased $1 Million in Shares as Part of $10 Million 2025 Share Repurchase Program Strategically Positioned to Provide Customers with U.S. Supply Chain Options as more than 90% of Material Handling's 2025 Revenue is Expected to be Manufactured in the U.S. Previously Announced CFO Transition Plan Myers Industries Inc. (NYSE:MYE), a leading manufacturer of products that protect the world from the ground up, today announced results for the first quarter
Myers Industries, Inc. (NYSE:MYE), a leading manufacturer of products that protect the world from the ground up, announced on April 2, 2025, that Grant Fitz, the Company's Executive Vice President and Chief Financial Officer, has submitted his resignation, effective May 2, 2025. To help ensure a smooth transition, Mr. Fitz will remain in his current role until his departure date, working closely with Daniel Hoehn, Vice President and Corporate Controller. Mr. Hoehn will serve in an interim role until a permanent CFO is named. The company has already launched a formal search to identify candidates. These leadership changes are not the result of any matters relating to the Company's accounti
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the first quarter 2025 on Thursday, May 1, 2025, before the market opens. The Company will host a conference call the same day at 8:30 a.m. Eastern Time to review its performance. Investors and analysts may access the call using the online participation registration link. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast or a replay, visit the Company's website www.myersindustries.com and click o
Fourth Quarter Net Sales Increased by 7% Led by Material Handling Business with Margin Expansion New Leadership Initiates "Focused Transformation" Centered on Optimizing Business Structure, Delivering Results, Improving Cost Competitiveness and Enabling Growth Opportunities. Commits to Deliver Annualized Cost Savings, Primarily in SG&A, of $20 Million by Year-end 2025. Board Authorizes a New $10 Million 2025 Share Repurchase Program Enabling Meaningful Capital Return to Shareholders while Investing in Growth Myers Industries Inc. (NYSE:MYE), a leading manufacturer of products that protect the world from the ground up, today announced results for the fourth quarter and full year ended Dec
Myers Industries, Inc. (NYSE:MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share, payable on April 4, 2025, to shareholders of record as of March 14, 2025. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Visit myersindustries.com to learn more. M-INV View source version on businesswire.com: https://www.businesswire.com/news/hom
Myers Industries, Inc. (NYSE:MYE) announced today that it will hold its Annual Meeting of Shareholders on Thursday, April 24, 2025, at 9:00 a.m. Eastern Time. Shareholders will be able to attend the meeting via a live audio webcast that will be available on the Investor Relations section of the Company's website at www.myersindustries.com and the meeting will be held in person at: Courtyard by Marriott, 41 Furnace St., Akron, OH 44308. An archive of the webcast will be available for replay following the meeting. The Company's Board of Directors set March 6, 2025 as the record date for shareholders entitled to notice of and to vote at the annual meeting. About Myers Industries Myers In
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 6, 2025, before the market opens. The Company will host a conference call the same day at 8:30 a.m. Eastern Time to review its performance. Investors and analysts may access the call by registering with the following participation link: https://www.netroadshow.com/events/login?show=02f7baf5&confId=76932. Upon registering, each participant will receive call details and a registrant ID. Reminders will be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To acc
Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the "Company" or "Myers"), today announced that its Board of Directors (the "Board") has appointed Aaron M. Schapper as the Company's new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers' Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE:ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions. Azenta's market capitalization is no longer representative of the mid-cap market space.Concentra Group Holdings Inc. (NYSE:CON) will replace Myers Industries Inc. (NYSE:MYE) in the S&P SmallCap 600 effective prior to the openin
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Year-over-year Improvement in Gross Profit, Operating Income and EPS on Flat Sales Reduced SG&A Showing Early Signs of Progress with "Focused Transformation" Efforts, Driving Improved Financial Performance and Culture of Accountability Repurchased $1 Million in Shares as Part of $10 Million 2025 Share Repurchase Program Strategically Positioned to Provide Customers with U.S. Supply Chain Options as more than 90% of Material Handling's 2025 Revenue is Expected to be Manufactured in the U.S. Previously Announced CFO Transition Plan Myers Industries Inc. (NYSE:MYE), a leading manufacturer of products that protect the world from the ground up, today announced results for the first quarter
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the first quarter 2025 on Thursday, May 1, 2025, before the market opens. The Company will host a conference call the same day at 8:30 a.m. Eastern Time to review its performance. Investors and analysts may access the call using the online participation registration link. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast or a replay, visit the Company's website www.myersindustries.com and click o
Fourth Quarter Net Sales Increased by 7% Led by Material Handling Business with Margin Expansion New Leadership Initiates "Focused Transformation" Centered on Optimizing Business Structure, Delivering Results, Improving Cost Competitiveness and Enabling Growth Opportunities. Commits to Deliver Annualized Cost Savings, Primarily in SG&A, of $20 Million by Year-end 2025. Board Authorizes a New $10 Million 2025 Share Repurchase Program Enabling Meaningful Capital Return to Shareholders while Investing in Growth Myers Industries Inc. (NYSE:MYE), a leading manufacturer of products that protect the world from the ground up, today announced results for the fourth quarter and full year ended Dec
Myers Industries, Inc. (NYSE:MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share, payable on April 4, 2025, to shareholders of record as of March 14, 2025. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Visit myersindustries.com to learn more. M-INV View source version on businesswire.com: https://www.businesswire.com/news/hom
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 6, 2025, before the market opens. The Company will host a conference call the same day at 8:30 a.m. Eastern Time to review its performance. Investors and analysts may access the call by registering with the following participation link: https://www.netroadshow.com/events/login?show=02f7baf5&confId=76932. Upon registering, each participant will receive call details and a registrant ID. Reminders will be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To acc
Improved gross margins and adjusted EBITDA driven by strong performance of Signature Systems Ongoing demand headwinds within certain end markets expected for the remainder of 2024 Continued focus on cost reduction; additional $15 million of annualized run rate cost savings targeted by 2025 Full-year guidance revised to $0.92 - $1.02 for adjusted earnings per share Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for tire, wheel, and under vehicle service industry, today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net sales of $205.1 million compared with
Myers Industries, Inc. (NYSE:MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share payable on January 3, 2025, to shareholders of record as of December 3, 2024. About Myers Industries Myers Industries, Inc. is a leading manufacturer of a wide range of polymer and metal products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the U.S. Visit www.myersindustries.com to learn more. M-INV View source version on businesswire.com: https://www.businesswire.com/news/home/202410250254
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after market close. The Company will host a conference call the same day at 4:30 p.m. Eastern Time to review its performance. Investors and analysts may access the call by registering with the following participation link: https://www.netroadshow.com/events/login?show=2acccce1&confId=72128. Upon registering, each participant will receive call details and a registrant ID. Reminders will be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast, visit the Compa
Myers Industries, Inc. (NYSE:MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share, payable on October 3, 2024, to shareholders of record as of September 13, 2024. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Visit myersindustries.com to learn more. M-INV View source version on businesswire.com: https://www.businesswire.co
Strong Signature Systems performance improves second quarter results Actions taken in the second quarter to reduce costs and leverage productivity gains; executing against previously communicated target of $7M-$9M in annualized cost savings by 2025 Full-year guidance lowered to $1.05 - $1.20 for adjusted earnings per share, primarily due to continued demand pressure in Recreational Vehicle, Marine, and Automotive Aftermarket end markets Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for tire, wheel, and under-vehicle service industry, today announced results for the second quarter ended June 30, 2024. Second Qua
Myers Industries, Inc. (NYSE:MYE), a leading manufacturer of products that protect the world from the ground up, announced on April 2, 2025, that Grant Fitz, the Company's Executive Vice President and Chief Financial Officer, has submitted his resignation, effective May 2, 2025. To help ensure a smooth transition, Mr. Fitz will remain in his current role until his departure date, working closely with Daniel Hoehn, Vice President and Corporate Controller. Mr. Hoehn will serve in an interim role until a permanent CFO is named. The company has already launched a formal search to identify candidates. These leadership changes are not the result of any matters relating to the Company's accounti
Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the "Company" or "Myers"), today announced that its Board of Directors (the "Board") has appointed Aaron M. Schapper as the Company's new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers' Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE:ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions. Azenta's market capitalization is no longer representative of the mid-cap market space.Concentra Group Holdings Inc. (NYSE:CON) will replace Myers Industries Inc. (NYSE:MYE) in the S&P SmallCap 600 effective prior to the openin
Dave Basque, Vice President of Special Projects and Former Vice President in Myers' Material Handling Segment, Named Interim President and CEO Board Has Initiated a Search for a New CEO Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry, today announced a leadership transition to support the continued transformation of the Company. The Board of Directors has appointed Dave Basque, Myers Industries' Vice President, Special Projects, to the additional role of Interim President and CEO, replacing Mike McGaugh, effective immediately. Dave Basque will serve in that role un
Brings More Than 30 Years of Significant Financial and Operational Experience Myers Industries, Inc. (NYSE:MYE), today announced the appointment of Grant E. Fitz to the position of Executive Vice President and Chief Financial Officer (CFO), effective May 8, 2023. As CFO, Mr. Fitz will lead Myers' entire finance organization and financial activities including accounting and controllership, financial planning and analysis, tax, investor relations, and treasury. "Grant's proven track record as a leader who can drive profitable growth and execute transformational strategies made him a natural choice to serve as Myers' Chief Financial Officer," said Mike McGaugh, Myers Industries' President
AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel and under-vehicle service industry, today announced the appointment of Paul Johnson as Myers’ Business Vice President, Distribution Segment. Johnson will be responsible for leading Myers’ growing Distribution segment and will assume the role on March 15, 2021. “I am pleased to welcome Paul Johnson to Myers Industries. Paul has over 30 years of experience in the auto and automotive aftermarket industries. Paul’s deep understanding of the automotive distribution market will be critical to the success of the Distribution Segment,” said Mike McGaugh
AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE) a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that Yvette Dapremont Bright, current president of Brighter Horizon Foundation, and Jeffrey Kramer, current Chief Executive Officer of Schweitzer-Mauduit International (NYSE: SWM) have been appointed to Myers Industries’ Board of Directors effective February 12, 2021. “Both Yvette and Jeff’s extensive careers in leading corporate transformations will bring significant value and capability to Myers’ Board of Directors and will add fuel to our journey of creating a multibillion-dollar, high growt