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 ...

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) 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) 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 ...

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 ...

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]

Core Insights - Myers Industries, based in Akron, Ohio, is viewed as a compelling investment opportunity due to a recent surge in share price following a stronger-than-expected Q4 earnings report, consistent dividend payouts, and the launch of its "Focused Transformation" program aimed at growth and efficiency [1][5][15] Financial Performance - The Q4 2024 earnings report revealed adjusted earnings per share (EPS) of 19 cents and GAAP EPS of 11 cents, both exceeding the estimated 10 cents [2] - Net sales increased by 6.7% to $203.9 million, slightly above the projected $203.10 million, with gross margin expanding to 32.3% and adjusted EBITDA rising by 26.2% to $27.5 million, indicating improved operational efficiency [3] - The Material Handling segment saw a 20.3% increase in net sales to $152.7 million, while the Distribution segment experienced a 20.2% decline to $51.2 million due to volume and pricing pressures [4] Strategic Initiatives - The "Focused Transformation" program aims to enhance long-term performance, optimize business structure, improve cost competitiveness, and enable sustainable growth, targeting a $20 million reduction in SG&A expenses by 2025 [6][7] - A comprehensive business portfolio review is underway to identify value creation opportunities, with a focus on high-value opportunities and disciplined cost optimization [7] Dividend and Shareholder Value - Myers Industries has a consistent commitment to returning value to shareholders, with a current dividend yield of approximately 4.40% and an annual dividend of $0.54 per share [8][9] - The trailing dividend payout ratio is high at approximately 125%, but analysts project it to decrease to around 46.2% as earnings grow, enhancing sustainability [10] Market Reaction and Analyst Outlook - Following the positive earnings release, the stock price surged by approximately 27%, indicating strong investor confidence in the company's strategic initiatives [12] - Analysts maintain a Hold rating on the stock, with a consensus price target of $22.00, suggesting a potential upside of over 75% [13][14]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2024 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 incorporatio ...

Myers Industries (MYE) Q4 2024 Earnings Call March 06, 2025 08:42 PM ET Company Participants Meghan Beringer - Senior Director of Investor RelationsAaron Schapper - President & CEOGrant Fitz - Executive VP & CFOChristian Zyla - Senior Associate Equity ResearchBill Dezellem - Founder, President & Chief Investment Officer Conference Call Participants Carolina Jolly - Senior Research Analyst Operator Hello, and welcome to the Myers '20 '20 '4 Fourth Quarter and Full Year Results. My name is Elliot, and I will ...

Myers Industries, Inc. (NYSE:MYE) Q4 2024 Earnings Conference Call March 6, 2025 8:30 AM ET Company Participants Meghan Beringer – Senior Director-Investor Relations Aaron Schapper – President and Chief Executive Officer Grant Fitz – Executive Vice President and Chief Financial Officer Conference Call Participants William Dezellem – Tieton Capital Management Operator Hello, and welcome to the Myers 2024 Fourth Quarter and Full Year Results. My name is Elliot and I'll be your coordinator today. [Operator Ins ...