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1. Company Snapshot

1.a. Company Description

Myers Industries, Inc.engages in distribution of tire service supplies in Ohio.It operates through The Material Handling and Distribution segments.


The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational, and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics 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 re-treaders, truck stop operations, and government agencies.The company was founded in 1933 and is headquartered in Akron, Ohio.

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1.b. Last Insights on MYE

The recent 3 months performance of Myers Industries, Inc. was negatively impacted by the resignation of CFO Grant Fitz, effective April 3, 2025, and the subsequent appointment of Daniel Hoehn to the interim role. This leadership change may create uncertainty and disrupt the company's financial planning and execution. Additionally, the lack of recent earnings release data makes it challenging to assess the company's current financial performance.

1.c. Company Highlights

2. Myers Industries' 2025 Earnings: A Clear Inflection Point

Myers Industries reported its fourth-quarter and full-year 2025 results, showcasing a significant improvement in profitability. The company's adjusted operating margins expanded 230 basis points, and adjusted EPS improved 63% year-over-year to $0.31, beating analyst estimates of $0.23. Fourth-quarter sales were essentially flat year-over-year but would have been up 3% excluding the impact of exiting low-margin products. For the full year, the company achieved $20 million in cost reductions, primarily in SG&A, and structurally reduced expenses while optimizing organizational efficiency.

Publication Date: Mar -08

📋 Highlights
  • Profitability Surge:: Adjusted operating margins expanded 230 basis points, and adjusted EPS surged 63% YoY to $X, driven by cost reductions and margin improvements.
  • Cost Savings & Cash Flow:: Achieved $20M in annualized SG&A savings, boosting free cash flow to $67.2M (up 23%) and returning $23M to shareholders via dividends and buybacks.
  • Material Handling Turnaround:: Segment margins hit 18%, a new baseline, from strategic actions like facility consolidations, despite 3% sales growth excluding low-margin product exits.
  • Defense Growth Momentum:: Ammunition demand spiked due to Ukraine-Russia conflict; defense sales growth expected to continue with strong U.S./NATO contracts and geopolitical tensions.

Segment Performance

The Material Handling segment saw significant margin improvement, driven by focused transformation efforts, including the idling of roto facilities and SG&A reductions. The company expects to continue improving, but will be monitoring risks such as material costs. The defense business is expected to grow, driven by geopolitical tensions and the need for ammunition. The company has a strong position in this market, with operations in both Canada and the U.S. serving NATO and U.S. military customers.

Outlook and Guidance

For 2026, the company expects moderate growth in the industrial market, driven by a modest recovery in manufacturing capital expenditure trends. The infrastructure market is expected to see strong growth, driven by large construction and utility projects. The company's capital allocation framework balances investing in growth while returning cash to shareholders. The company plans to further reduce debt in 2026, bringing its net leverage ratio closer to the midpoint of its target range.

Valuation and Metrics

With a P/E Ratio of 23.08 and an EV/EBITDA of 9.14, the company's valuation appears reasonable. The stock also offers a dividend yield of 2.5% and a Free Cash Flow Yield of 8.33%. The company's ROIC of 9.12% and ROE of 12.22% indicate a decent return on capital and equity. Analysts estimate next year's revenue growth at 1.8%, which is relatively modest. As the company continues to invest in growth vectors and optimize its organizational efficiency, its financial performance is expected to remain on track.

3. NewsRoom

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Allspring Global Investments Holdings LLC Decreases Stock Position in Myers Industries, Inc. $MYE

07:09

Source: defenseworld.net

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Myers Industries Announces Reporting Date and Conference Call for 2026 First Quarter Results

Mar -31

Source: businesswire.com

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Myers Industries Q4 Earnings Call Highlights

Mar -08

Source: defenseworld.net

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Myers Industries, Inc. (MYE) Q4 2025 Earnings Call Transcript

Mar -05

Source: seekingalpha.com

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Myers Industries Announces 2025 Fourth Quarter and Full Year Results

Mar -05

Source: businesswire.com

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23,058 Shares in Myers Industries, Inc. $MYE Acquired by Semanteon Capital Management LP

Feb -23

Source: defenseworld.net

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Hillsdale Investment Management Inc. Acquires Shares of 159,560 Myers Industries, Inc. $MYE

Feb -23

Source: defenseworld.net

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Principal Financial Group Inc. Invests $444,000 in Myers Industries, Inc. $MYE

Feb -20

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.63%)

6. Segments

Material Handling

Expected Growth: 7%

Myers Industries' Material Handling segment growth is driven by increasing demand for storage and logistics solutions, e-commerce growth, and investments in automation and digitalization. Additionally, the segment benefits from a strong presence in the aftermarket and a diversified customer base across industries, contributing to its 7% growth.

Distribution

Expected Growth: 9%

Myers Industries, Inc.'s 9% distribution growth is driven by increasing demand for plastic reusable containers and pallets, expansion in e-commerce and grocery retail, and strategic acquisitions. Additionally, the company's focus on operational efficiency, cost savings, and product innovation also contribute to its growth momentum.

Inter-company Sales

Expected Growth: 6%

Myers Industries, Inc.'s 6% inter-company sales growth is driven by increasing demand for its material handling and distribution products, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on operational efficiency and cost savings initiatives have contributed to the growth. Furthermore, the company's diversified customer base and product offerings have helped to mitigate risks and drive sales growth.

7. Detailed Products

Material Handling Solutions

Myers Industries, Inc. offers a range of material handling solutions, including plastic reusable containers, pallets, and bulk containers, designed to optimize supply chain efficiency and reduce costs.

Returnable Packaging

The company provides returnable packaging solutions, including reusable containers, totes, and crates, designed to reduce waste and minimize environmental impact.

Custom Molding

Myers Industries, Inc. offers custom molding services, producing plastic parts and components for various industries, including automotive, industrial, and consumer products.

Akers Packaging

The company provides a range of packaging solutions, including corrugated boxes, paper products, and specialty packaging, designed to protect and transport goods.

Distribution and Fulfillment

Myers Industries, Inc. offers distribution and fulfillment services, including warehousing, order fulfillment, and logistics management.

8. Myers Industries, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Myers Industries, Inc. is moderate due to the availability of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of buyers in the market, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers and the company's ability to switch suppliers if needed.

Threat Of New Entrants

The threat of new entrants is moderate due to the moderate barriers to entry and the availability of resources and technology.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several competitors in the market, leading to a highly competitive environment.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 18.06%
Debt Cost 8.99%
Equity Weight 81.94%
Equity Cost 10.56%
WACC 10.27%
Leverage 22.04%

11. Quality Control: Myers Industries, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Myers Industries

A-Score: 5.8/10

Value: 5.5

Growth: 4.6

Quality: 4.2

Yield: 6.0

Momentum: 9.0

Volatility: 5.7

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Karat Packaging

A-Score: 5.7/10

Value: 3.9

Growth: 7.9

Quality: 5.3

Yield: 9.0

Momentum: 2.0

Volatility: 6.0

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Tupperware

A-Score: 4.4/10

Value: 9.5

Growth: 5.2

Quality: 6.0

Yield: 0.0

Momentum: 6.0

Volatility: 0.0

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TriMas

A-Score: 4.4/10

Value: 3.4

Growth: 2.7

Quality: 4.4

Yield: 0.0

Momentum: 8.5

Volatility: 7.3

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Pactiv Evergreen

A-Score: 4.4/10

Value: 5.7

Growth: 2.0

Quality: 1.6

Yield: 3.0

Momentum: 8.5

Volatility: 5.3

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Ranpak

A-Score: 2.5/10

Value: 5.7

Growth: 2.6

Quality: 2.9

Yield: 0.0

Momentum: 2.5

Volatility: 1.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

21.09$

Current Price

21.09$

Potential

-0.00%

Expected Cash-Flows