Myers Industries, Inc., an Akron, Ohio-based company established in 1933, operates through two principal business divisions: Material Handling and Distribution. The Material ...
Myers Industries, Inc. is a diversified industrial products company whose roots date to 1933, when Meyer and Louis Myers established Myers Tire Supply in Akron, Ohio. The company has since developed into a publicly traded manufacturer and distributor serving customers across North America and selected international markets. Its common stock ...Myers Industries, Inc. is a diversified industrial products company whose roots date to 1933, when Meyer and Louis Myers established Myers Tire Supply in Akron, Ohio. The company has since developed into a publicly traded manufacturer and distributor serving customers across North America and selected international markets. Its common stock trades on the New York Stock Exchange under the symbol MYE.
The business is organized around two principal areas. The Material Handling segment designs and manufactures reusable plastic and metal solutions used to store, move, protect, and organize goods. Its portfolio includes pallets, small-parts organizers, bulk shipping containers, material-handling systems, drums, tanks, portable fuel containers, water and waste-management products, and custom molded components. Manufacturing processes include injection molding, rotational molding, and blow molding. Brands associated with this area include Akro-Mils, Buckhorn, Jamco, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics. End markets include industrial manufacturing, food processing, agriculture, automotive, marine and recreational products, retail distribution, healthcare, and consumer goods.
The Distribution segment supplies tools, equipment, consumables, and ancillary products used in tire, wheel, and under-vehicle maintenance. Customers include passenger-car and commercial tire dealers, automotive repair businesses, fleets, truck stops, tire retreaders, off-road operators, and government organizations. Products include tire-repair and retreading materials, wheel-service equipment, specialty tools, rubber products, and reflective highway-marking materials. Distribution provides market access and recurring aftermarket demand, while Material Handling provides exposure to long-term trends such as reusable packaging, supply-chain efficiency, industrial automation, and durable product substitution.
Myers competes through established brands, manufacturing expertise, customer relationships, product breadth, and the ability to provide both standard and customized solutions. Material costs are an important consideration because resins, metals, rubber, energy, transportation, and other inputs affect product margins. The company’s bill of materials varies considerably by product: molded products generally require polymer resin, colorants, additives, tooling, packaging, and labor, while distribution products may incorporate rubber compounds, metal components, equipment, chemicals, and purchased inventory. Pricing actions, sourcing, production efficiency, and inventory management therefore influence profitability.
Aaron M. Schapper became President and Chief Executive Officer effective January 1, 2025. The supplied trailing-twelve-month snapshot indicates approximately $1.29 billion in market capitalization, a 33.8% gross margin, a 12.5% EBIT margin, a 16.7% EBITDA margin, a 6.9% net margin, and about $110.3 million of free cash flow to the firm. It also shows debt-to-equity of approximately 1.11, net debt to EBITDA of about 2.31, and a dividend yield near 1.6%; these figures fluctuate with market prices and reporting periods. Myers’ strategic priorities include sustainable and reusable products, operational improvement, disciplined capital allocation, innovation, customer service, and profitable growth across its industrial and automotive aftermarket markets.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$825.7M
-1.3%
+8.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$34.9M
+385.0%
+45.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+33.4%
+3.2%
+13.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+9.1%
+71.1%
+15.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+4.2%
+391.2%
+33.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$67.2M
+22.5%
+19.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+8.1%
+24.1%
+9.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
128.7%
-13.7%
-11.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.67x
-5.5%
-2.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone. Thank you for joining us, and welcome to Myers Industries 2026 First Quarter Results Conference Call. [Operator Instructions] I will now hand the call over to Meghan Beringer, Senior Director of Investor Relations. Meghan, please go ahead.
Meghan Beringer: Thank you. Good morning, everyone, and welcome to Myers First Quarter 2026 Earnings Review. Joining me today are Aaron Schapper, President and Chief Executive Officer; and Samantha Rutty, Executive Vice President and Chief Financial Officer. After the prepared remarks, we will host a question-and-answer session. Earlier this morning, we issued a press release outlining our first quarter financial results. In addition, a presentation to accompany today's prepared remarks has been posted. Those documents are available on the Investor Relations section of our website at myersindustries.com. This call is being webcast live on our website and will be archived along with the transcript of the call shortly after this event. Please turn to Slide 3 of the presentation for our safe harbor disclosures. I would like to remind you that we may make some forward-looking statements during this call. These comments are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and involve risks, uncertainties and other factors, which may cause results to differ materially from those expressed or implied in these statements. Further, information concerning these risks, uncertainties and other factors are set forth in the company's periodic SEC filings. Also, please be advised that certain non-GAAP financial measures such as adjusted gross profit, adjusted operating income, adjusted EBITDA and adjusted earnings per share may be discussed on this call. Finally, all results presented and discussed in today's call are from continuing operations. Now please turn to Slide 4 of our presentation as I turn the call over to Aaron.
Aaron Schapper: Thank you, Meghan. Good morning, everyone, and thank you for joining us. I will begin today's call with a review of our first quarter, followed by an update on our focused transformation program. Sam will then provide a detailed review of the first quarter financials and our outlook for the year. Turning to Slide 5, we began 2026 on a positive trajectory, building on the momentum we created in 2025. The team performed well, delivering revenue growth, improved earnings and strong cash flow. We are continuing to see benefit from our focused transformation initiatives to improve margins, increase operating efficiency and instill a culture of continuous improvement across the organization. First quarter adjusted EPS improved 57.1% year-over-year and adjusted EBITDA increased 27%. Free cash flow improved to $23.9 million, providing additional financial strength and flexibility to fund our growth platforms. It was a strong quarter to begin the year, and I am …