Myers Industries Inc
NYSE:MYE
Myers Industries Inc
Myers Industries, Inc. engages in the manufacture and trade of polymer products. The company is headquartered in Akron, Ohio and currently employs 2,725 full-time employees. The Company’s segments include Material Handling and Distribution. The Material Handling Segment manufactures a broad selection of durable plastic reusable containers that are used repeatedly during the course of their service life. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, original equipment manufacturer (OEM) parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire, wheel and under-vehicle service on passenger, heavy truck and off-road vehicles and the manufacturing of tire repair materials and custom rubber products. The company serves retail and truck tire dealers, commercial auto and truck fleets, truck stop operations, auto dealers, general service and repair centers and government agencies.
Myers Industries, Inc. engages in the manufacture and trade of polymer products. The company is headquartered in Akron, Ohio and currently employs 2,725 full-time employees. The Company’s segments include Material Handling and Distribution. The Material Handling Segment manufactures a broad selection of durable plastic reusable containers that are used repeatedly during the course of their service life. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, original equipment manufacturer (OEM) parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire, wheel and under-vehicle service on passenger, heavy truck and off-road vehicles and the manufacturing of tire repair materials and custom rubber products. The company serves retail and truck tire dealers, commercial auto and truck fleets, truck stop operations, auto dealers, general service and repair centers and government agencies.
Profitability: Adjusted operating margin expanded to 11.0% in Q4 (up 230 bps) and adjusted gross margin improved to 33.6%, driving a 63% year-over-year increase in adjusted EPS for the quarter.
Sales: Q4 net sales were $204.0 million, essentially flat YoY; excluding the idling of two rotational molding facilities, sales would have grown about 3%.
Cost actions: The Focus transformation delivered $20.0 million of annualized cost savings in 2025, primarily SG&A, improving margins and underpinning further efficiency efforts for 2026.
Portfolio move: Management completed a strategic review of Myers Tire Supply (MTS) and is selling the business; MTS is expected to be classified as discontinued operations starting in Q1 2026.
Cash & balance sheet: Full-year free cash flow was $67.2 million (up 23%); net debt was reduced by $44.2 million to a 2.4x net leverage ratio; year-end cash was $45.1 million and total liquidity was $289.8 million.
End-market backdrop: Management expects moderate industrial growth, strong infrastructure/backlog for matting, stable consumer and RV/marine, mixed vehicle demand with recovery in commercial vehicles in H2 2026, and food & beverage slightly down.
