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Myers Industries(MYE) - 2025 Q2 - Quarterly Report
2025-07-31 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-08524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (IRS Employer Identifica ...
Myers Industries(MYE) - 2025 Q2 - Earnings Call Transcript
2025-07-31 13:30
Myers Industries (MYE) Q2 2025 Earnings Call July 31, 2025 08:30 AM ET Speaker0Good morning. Thank you for joining today's Myers twenty twenty five Second Quarter Earnings Results Call. My name is Makayah, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for your questions and answers at the end. At this time, I'd like to pass the call over to our host, Megan Beringer.Megan, you may begin today's call.Speaker1Thank you. Good ...
Myers Industries(MYE) - 2025 Q2 - Earnings Call Presentation
2025-07-31 12:30
Aaron Schapper President and Chief Executive Officer Dan Hoehn Vice President and Corporate Controller, Interim Chief Financial Officer Q2 2025 Results Protecting the World from the Ground Up July 31, 2025 1 Today's Speakers Meghan Beringer Sr. Director, Investor Relations 2 Safe Harbor Statement & Non-GAAP Measures Statements in this presentation contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including info ...
Myers Industries(MYE) - 2025 Q2 - Quarterly Results
2025-07-31 11:05
Exhibit 99.1 Myers Industries Announces Second Quarter 2025 Results and Launches Strategic Review of Myers Tire Supply Growth in Industrial Sales Due to Strength in Scepter Military Products Offset by Softness in Vehicle and Automotive Aftermarket, Resulting in Year-over-Year Sales Decline Significant Free Cash Flow Improvement Year-over-Year Launching Strategic Review of Myers Tire Supply Business to Accelerate Focused Transformation Program Idling Two Rotational Molding Production Facilities to Improve As ...
Myers Industries (MYE) Earnings Call Presentation
2025-05-29 08:55
KeyBanc Industrials & Basic Materials Conference Boston, MA May 29, 2025 1 Today's Speakers Aaron Schapper President and Chief Executive Officer Dan Hoehn Vice President and Corporate Controller, Interim Chief Financial Officer Meghan Beringer Sr. Director, Investor Relations 2 Safe Harbor Statement & Non-GAAP Measures Statements in this presentation contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including i ...
Myers Industries(MYE) - 2025 Q1 - Quarterly Report
2025-05-01 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to (330) 253-5592 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Commission File Number 001-08524 Myers ...
Myers Industries(MYE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:32
Myers Industries (MYE) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Meghan Beringer - Senior Director of Investor RelationsAaron Schapper - President & CEOGrant Fitz - Executive VP & CFODaniel Hoehn - VP & Corporate ControllerChristian Zyla - Senior Associate Equity ResearchBill Dezellem - Founder, President & Chief Investment Officer Conference Call Participants A. Carolina Jolly - Senior Research Analyst Operator I would now like to hand you over to Megan Mehringer, Senior Director ...
Myers Industries(MYE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Myers Industries (MYE) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 I would now like to hand you over to Megan Mehringer, Senior Director of Investor Relations at Myers Industries to begin. Megan, please go ahead when you're ready. Speaker1 Thank you. Good morning, everyone, and thank you for joining Myers conference call to review twenty twenty five first quarter results. I'm Megan Behringer, senior director of investor relations at Myers Industries. Joining me today are Aaron Shopper, president ...
Myers Industries(MYE) - 2025 Q1 - Earnings Call Presentation
2025-05-01 11:12
Q1 2025 Results Protecting the World from the Ground Up May 1, 2025 1 Today's Speakers Aaron Schapper President and Chief Executive Officer Grant Fitz Executive Vice President and Chief Financial Officer Dan Hoehn Vice President and Corporate Controller, Interim Chief Financial Officer Meghan Beringer Sr. Director, Investor Relations 2 Safe Harbor Statement & Non-GAAP Measures Statements in this presentation contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Pr ...
Myers Industries(MYE) - 2025 Q1 - Quarterly Results
2025-05-01 10:35
Financial Performance - First quarter 2025 net sales were $206.75 million, a slight decrease of 0.2% compared to $207.10 million in Q1 2024[4] - Gross profit increased by 7.5% to $69.08 million, resulting in a gross margin of 33.4%, up from 31.0% in the prior year[4] - Operating income rose significantly by 53.0% to $16.65 million, while net income increased by 94.3% to $6.81 million, leading to a net income per diluted share of $0.18, doubling from $0.09 in Q1 2024[4] - Adjusted EBITDA for Q1 2025 was $28,573,000, compared to $25,140,000 in Q1 2024, reflecting a 9.7% year-over-year growth[23] - Adjusted operating income for Q1 2025 was $18,678,000, up from $16,643,000 in Q1 2024, indicating a 12.2% increase[23] - Adjusted net income for Q1 2025 was $8,356,000, compared to $7,923,000 in Q1 2024, reflecting a 5.4% increase[24] - The diluted earnings per share for Q1 2025 was $0.18, up from $0.09 in Q1 2024, marking a 100% increase[26] - The company reported a net income of $6,805,000 for Q1 2025, compared to $3,503,000 in Q1 2024, which is a 94.5% increase[26] Segment Performance - The Material Handling segment reported net sales of $157.7 million, a 3.6% increase year-over-year, with operating income margin improving by 280 basis points to 17.4%[5] - The Distribution segment experienced a decline in net sales to $49.2 million, down 10.3% from the previous year, resulting in an operating income margin of -2.4%[6] Liquidity and Cash Flow - Total liquidity at the end of the quarter was $267.0 million, with $231.7 million available under the revolving credit facility and cash on hand of $35.3 million[9] - Cash flows from operating activities for Q1 2025 were $10,131,000, down from $20,270,000 in Q1 2024[20] - Ending cash balance increased to $35,302,000 in Q1 2025 from $32,730,000 in Q1 2024, reflecting a growth of 7.7%[20] - The company reported a net cash provided by financing activities of $988,000 in Q1 2025, a significant decrease from $336,874,000 in Q1 2024[20] Expenses and Liabilities - Selling, general and administrative expenses for Q1 2025 were $44,755,000, slightly lower than $47,113,000 in Q1 2024, indicating a decrease of 5.7%[26] - Total current liabilities rose to $162,580,000 in Q1 2025, compared to $147,112,000 in Q4 2024, marking an increase of 10.5%[19] - The company incurred restructuring expenses of $2,028,000 in Q1 2025, compared to $241,000 in Q1 2024, indicating a significant rise in restructuring costs[24] - Interest expense for Q1 2025 was $7,386,000, down from $6,079,000 in Q1 2024, showing an increase of 21.5%[26] Capital Expenditures and Assets - Capital expenditures for Q1 2025 were $8,083,000, compared to $5,707,000 in Q1 2024, representing an increase of 41.8%[20] - Total assets increased to $883,842,000 as of March 31, 2025, up from $860,815,000 at the end of 2024, representing a 2.4% increase[19] Future Outlook - The 2025 outlook for the Industrial end market is moderate growth, while the Infrastructure segment is expected to see strong growth[11] - More than 90% of revenue from the Material Handling segment is anticipated to be manufactured in the U.S. in 2025, providing supply chain advantages[3] - The company aims to foster a culture of accountability and continuous improvement through its "Focused Transformation" program[3] Taxation - The effective income tax rate for 2025 was 26%, compared to 25% in 2024, reflecting a slight increase[24]