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 |
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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) today announced that it will report financial results for the second quarter of 2024 on Thursday, August 1, 2024, 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=ca1ab624&confId=68382. 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 th
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 July 5, 2024, to shareholders of record as of June 18, 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/20240604092392
Newly acquired Signature Systems delivers strong results due to Infrastructure tailwinds. Management maintains full-year outlook guiding to lower end of earnings-per-share range, based on Q1 results and weakness in Automotive Aftermarket, Vehicle and Consumer end markets. Additional Self-Help actions to be taken in near term to improve EBITDA while executing five-year roadmap as outlined during recent Investor Day. 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 results for the first quarter ended March 31, 2024. First Quarter 2024 Financial
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the first quarter 2024 on Tuesday, May 7, 2024, 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 following online participation registration link: https://www.netroadshow.com/events/login?show=557864a8&confId=63806. 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 webca
Self-Help Initiatives and Myers Business System Drive Solid Operating Performance Company Initiates Fiscal Year 2024 Outlook and Expects Improved Profitability as Compared to Prior Year Myers to Host Investor & Analyst Day Event in New York City on March 19, 2024 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 results for the fourth quarter and full year ended December 31, 2023. In reviewing the 2023 financial results, Myers Industries' President and CEO Mike McGaugh commented, "Although our results were not what we originally planned to de
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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
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Myers Indus's (NYSE:MYE) short percent of float has risen 24.88% since its last report. The company recently reported that it has 692 thousand shares sold short, which is 2.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.49 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
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Shares of Beyond, Inc. (NYSE:BYON) fell sharply during Tuesday’s session following weaker-than-expected quarterly results. Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company’s sales came in at $382.281 million versus estimates of $389.264 million, according to data from Benzinga Pro. Beyond shares dipped 20.8% to $17.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Golden Sun Health Technology Group Limited (NASDAQ:GSUN) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement. MMTec, Inc. (NASDAQ:MTC) gained
Myers Indus (NYSE:MYE) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.32 by 34.38 percent. This is a 44.74 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $207.102 million which missed the analyst consensus estimate of $241.800 million by 14.35 percent. This is a 4.00 percent decrease over sales of $215.739 million the same period last year.
Keybanc analyst Steve Barger maintains Myers Indus (NYSE:MYE) with a Overweight and raises the price target from $22 to $30.
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
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
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 Tire Supply—the nation's largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry—will feature live demonstrations of its innovative, all-digital MTS Xpress platform each day of the 2024 SEMA Show. Visit Myers Tire Supply (booth #43087, Lower South Hall) at SEMA, Nov. 5-8 at the Las Vegas Convention Center. Launched in 2023, MTS Xpress is the only mobile app-based system of its kind in the under-vehicle service industry. With MTS Xpress, users gain the power to: Consolidate suppliers, streamlining inventory management and enhancing order accuracy, Control inventory levels across the organization, and Cash in by reducing labor
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
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
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
Myers Industries' Connect-A-Dock brand has been named Official Dock Supplier for the prestigious Head Of The Charles Regatta (HOCR), the world's largest rowing event. For more than two decades, Connect-A-Dock has been a proud supporter of the three-day HOCR, which has been held annually on the Charles River in Cambridge, Mass., since 1965. This year, the regatta takes place Oct. 18 to 20 and is expected to attract more than 12,000 athletes—including many of the world's best crew teams—along with thousands of spectators. "Connect-A-Dock is a fantastic partner for the Head Of The Charles Regatta," said Mason Cox, chief commercial officer for the event. "The docking system allows us to safel
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
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
Scepter, a Myers Industries company, received a prestigious 2024 Pro Tool Innovation Award for its Powered Fueling Station, a professional-grade mobile refueling container designed to deliver gasoline with the flip of a switch. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916409050/en/The Powered Fueling Station, a professional-grade mobile refueling container designed to deliver gasoline with the flip of a switch, won a prestigious 2024 Pro Tool Innovation Award. The PFS is manufactured by Scepter, a Myers Industries Company. (Photo: Business Wire) Pro Tool Innovation Awards highlight groundbreaking power tools, hand tools,