Financial Data and Key Metrics Changes - Net sales for Q1 2024 were $207.1 million, a decrease of $8.6 million or 4% compared to 2023, primarily driven by lower volume in the Distribution segment [39][40] - Adjusted gross profit was $67.6 million with a margin of 32.7%, down from $71.2 million and 33% in 2023 [39] - Adjusted earnings per share decreased to $0.21 from $0.38 in 2023, attributed to lower sales and operating margins as well as increased interest expenses related to the new term loan [39][40] Business Line Data and Key Metrics Changes - Material Handling segment net sales decreased by $0.3 million or 0.2% year-over-year, with a slight decline in volumes due to trough conditions in the marine and RV markets [40] - Distribution segment net sales decreased by $8.3 million or 13.1% year-over-year, driven by lower sales volumes, partially offset by higher pricing [34] - Adjusted EBITDA for Material Handling increased by $2.2 million or 7.1% to $32.5 million, while Distribution's adjusted EBITDA decreased by $2 million or 59.4% to $1.4 million [34] Market Data and Key Metrics Changes - The company is experiencing trough levels of demand in key end markets, particularly in RV, marine, and consumer discretionary sectors [19][20] - There is a noted slowdown in the automotive aftermarket, impacting overall performance [20][36] - The agricultural seed box orders were significantly delayed, affecting first quarter results but expected to ramp up later in the year [50][53] Company Strategy and Development Direction - The company is transitioning into Horizon 2 of its strategy, focusing on efficiency and cost reduction while maximizing the value of its businesses [5][11] - The acquisition of Signature Systems is seen as a pivotal point in the company's growth story, expected to accelerate transformation into a higher-margin company [18][31] - The company aims to achieve $15 million to $17 million in annual cost reduction and margin improvement through various initiatives [22][35] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the first quarter results were disappointing and anticipates continued challenges in certain end markets [47][48] - Despite the slow start, the company maintains its full-year guidance for adjusted earnings per share at $1.30 to $1.45, albeit at the lower end of the range [20][35] - Management expresses confidence in the growth potential of the Signature acquisition and the storage handling and protection portfolio as key components of future success [43][76] Other Important Information - SG&A expenses increased by $1.4 million or 2.6% compared to 2023, primarily due to the addition of Signature Systems [33] - The company ended Q1 with a debt to adjusted EBITDA ratio of 4.2x, largely due to the debt incurred for the Signature acquisition [35] Q&A Session Summary Question: Was there a slowdown at the time of the Analyst Day? - Management noted that a significant agricultural order was pushed to later in the year, which occurred after the Investor Day, impacting first quarter results [50][51] Question: What gives confidence to maintain the current guidance? - Confidence stems from expected shifts in high-profit businesses and some upticks in consumer business, despite recognizing the first quarter miss [45][46] Question: What surprised management in the material handling side of the business? - The primary surprise was the shift of agricultural seed box orders and weaker-than-expected gas can sales in March [78] Question: Can you elaborate on the $7 million to $9 million cost savings? - These cost savings are currently identified and are expected to be achieved through footprint reduction activities and improved operational efficiency [90][91] Question: What are the expectations for free cash flow? - Management indicated that $80 million in free cash flow is reasonable based on the performance of Signature and core Myers [75][76]

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, 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) incorporation or organization) Number) (330) 253-5592 ( ...

Exhibit 99.1 Myers Industries Announces First Quarter 2024 Results Newly acquired Signature Systems delivers strong results due to Infrastructure tailwinds. May 7, 2024, Akron, Ohio - Myers Industries Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry, today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights President and CEO Mike McGaugh commented, "A ...

Financial Performance - Net sales for the year ended December 31, 2023 were $813.1 million, a decrease of $86.5 million or 9.6% compared to 2022, primarily due to lower overall volume/mix and pricing [135]. - The Material Handling Segment reported net sales of $555.3 million, a decrease of $92.4 million or 14.3%, while the Distribution Segment saw an increase of $5.9 million or 2.3% to $257.9 million [135][137]. - Gross profit decreased by $24.3 million or 8.6% to $259.1 million, with a gross margin of 31.9%, up from 31.5% in the prior year [138][139]. - Selling, general and administrative (SG&A) expenses were $186.9 million, a decrease of $12.6 million or 6.3%, primarily due to lower incentive compensation and variable selling expenses [140]. Debt and Liquidity - As of December 31, 2023, the Company had $30.3 million in cash and $224.3 million available under its Loan Agreement, indicating strong liquidity [144]. - The Company was in compliance with all debt covenants, with an interest coverage ratio of 16.17 and a leverage ratio of 0.70 as of December 31, 2023 [154]. - The Company repaid $26.0 million of Senior Unsecured Notes upon maturity and prepaid the remaining $12.0 million, terminating the Note Purchase Agreement [155]. - Amendment No. 1 to the Loan Agreement includes a new 5-year $400 million term loan facility, with quarterly amortization of $20 million in the first two years and $40 million in the last three years [156]. - The maximum leverage ratio was modified to not exceed 4.00 to 1.00 for the first fiscal quarter after the Signature Systems acquisition and 3.25 to 1.00 thereafter [158]. - The Company incurred approximately $9 million in deferred financing fees related to the Loan Agreement amendment [157]. Tax and Interest - Net interest expense increased to $6.3 million, up 10.8% from $5.7 million in 2022, due to a higher weighted-average borrowing rate of 6.86% [141]. - The effective tax rate rose to 26.0% for 2023, compared to 22.9% in the prior year, primarily due to the recognition of a previously unrecognized tax benefit [142]. Operational Highlights - Cash provided by operating activities increased to $86.2 million in 2023 from $72.6 million in 2022, driven by lower working capital [147]. - The Company acquired Signature Systems for $350 million in February 2024, which generated approximately $110 million in revenue in 2023 [143]. Risk Management - If market interest rates increase by 1%, the Company's variable interest expense would increase by approximately $0.2 million annually [170]. - The net foreign currency exposure related to operations in Canada is generally less than $1 million [171]. - The Company currently has no derivative contracts to hedge changes in raw material pricing, particularly for plastic resins and natural rubber [172]. Off-Balance Sheet Arrangements - The Company has no off-balance sheet arrangements that materially affect its financial condition as of December 31, 2023 [159].

Statements in this release include contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company's financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or variations of these words, or similar exp ...

Exhibit 99.1 Myers Industries Announces Fourth Quarter and Full Year 2023 Results Self-Help Initiatives and Myers Business System Drive Solid Operating Performance Company Initiates Fiscal Year 2024 Outlook and Expects Improved Profitability as Compared to Prior Year Myers to Host Investor & Analyst Day Event in New York City on March 19, 2024 March 5, 2024, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wh ...

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 September 30, 2023 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) incorporation or organization) Number) 1293 South M ...

| --- | --- | --- | --- | |-------|--------------------|----------------------------|-------| | | | | | | | Third Quarter 2023 | Earnings Call Presentation | | | | November 1, 2023 | | | Safe Harbor Statement & Non-GAAP Measures Statements in this presentation include "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed "forward-looking". Words such as "will", "expect", "believe", "project", "plan" ...

Financial Data and Key Metrics Changes - In Q2 2023, net sales decreased by $24.7 million or 10.6% compared to Q2 2022, primarily due to lower sales in the Material Handling segment and softening consumer end-markets [53][56] - Adjusted gross profit margin increased by 90 basis points to 32.9% compared to 32% in Q2 2022 [54] - Adjusted EBITDA was $24.7 million, a decrease of $4.2 million or 14.4% compared to the prior period, with an adjusted EBITDA margin of 11.9% [55] Business Line Data and Key Metrics Changes - Material Handling segment net sales decreased by $29.8 million or 17.2% due to lower sales in consumer vehicle and industrial end-markets [56] - Distribution segment net sales increased by $5.1 million or 8.5% year-over-year, but organic net sales decreased by 6.9% [57] - Adjusted EBITDA for the Material Handling segment decreased by $2.7 million or 8.2% to $29.9 million [56] Market Data and Key Metrics Changes - The company observed softness in the RV and marine markets, impacting the Material Handling segment significantly [56] - Continued strong sales in the food and beverage end market, particularly for seed boxes, were noted [26] - The company expects a mid-single digit decline in top-line guidance for the fiscal year 2023 due to macro challenges [60] Company Strategy and Development Direction - The company is focused on a three-horizon strategy, with Horizon 1 establishing a solid foundation and Horizon 2 aiming for transformation [34][36] - Investments are being made in commercial capabilities and M&A processes to prepare for larger acquisition opportunities [37][41] - The company is pursuing innovative growth projects, particularly in military lightweighting and e-commerce channels [74] Management Comments on Operating Environment and Future Outlook - Management noted a mixed outlook for end markets, with some areas showing weakness while others, like military and e-commerce, are expected to grow [26][60] - The company remains committed to operational excellence and cost management to navigate current market conditions [41][63] - Management expressed confidence in the long-term growth trajectory of the tire industry, particularly due to the rise of electric vehicles [46][92] Other Important Information - Free cash flow for Q2 2023 was $16.7 million, down from $21.1 million in Q2 2022, primarily due to lower earnings [58] - The company has a strong balance sheet with a debt-to-adjusted EBITDA ratio of 0.9 times [59] - The company is actively working on procurement savings and standardizing processes to enhance operational efficiency [63][67] Q&A Session All Questions and Answers Question: Can you discuss the opportunity in electric vehicles? - Management highlighted that electric vehicles tend to wear out tires faster, presenting a growth opportunity for the tire industry as it is expected to grow by 3% to 5% [46] Question: Can you talk about the contribution from volume and price in the quarter? - Management noted that product costs rose, and while some price increases were captured, further price increases are being considered to manage costs [48] Question: Can you elaborate on new business wins? - Management confirmed winning a significant nationwide customer in the distribution segment, which is expected to bring substantial revenue [50]

Financial Performance - Net sales for the quarter ended June 30, 2023, were $208.5 million, a decrease of $24.7 million or 10.6% compared to the same quarter in 2022[100]. - For the six months ended June 30, 2023, total net sales were $424.2 million, a decrease of $34.5 million or 7.5% compared to the same period in 2022[107]. - The Material Handling Segment reported net sales of $143.3 million, a decrease of $29.8 million or 17.2% year-over-year, primarily due to lower volume/mix[101]. - The Distribution Segment saw an increase in net sales of $5.1 million or 8.5%, driven by $9.3 million from the acquisition of Mohawk and higher pricing[102]. - The Material Handling Segment's net sales for the six months decreased by $53.9 million or 15.4%, primarily due to lower volume/mix[108]. - The Distribution Segment's net sales increased by $19.4 million or 17.8%, supported by higher pricing and incremental sales from the Mohawk acquisition[109]. Profitability - Gross profit for the quarter decreased by $6.3 million or 8.4%, with a gross margin of 32.8%, up from 32.0% in the prior year[103]. - Gross profit for the six months ended June 30, 2023, was $139.5 million, a decrease of $7.2 million or 4.9%, with a gross margin of 32.9%[110]. - Income before income taxes decreased to $31.7 million for the six months ended June 30, 2023, down from $44.7 million in 2022[113]. Expenses - Selling, general and administrative (SG&A) expenses were $52.4 million, a slight increase of 0.1% compared to the same period last year[104]. - SG&A expenses for the six months ended June 30, 2023 were $104.4 million, an increase of $4.1 million or 4.1% compared to the same period in 2022[111]. - Net interest expense increased by $0.6 million or 47.8% to $1.8 million, attributed to a higher weighted-average borrowing rate[105]. - Net interest expense for the six months ended June 30, 2023 was $3.4 million, an increase of $1.1 million or 45.7% compared to $2.4 million in the same period in 2022[112]. Cash Flow - Net cash provided by operating activities increased to $48.6 million for the six months ended June 30, 2023, compared to $34.3 million in the same period in 2022[115]. - Net cash used by investing activities was $15.2 million for the six months ended June 30, 2023, a decrease from $33.7 million in the same period in 2022[116]. - Cash used by financing activities was $26.0 million for the six months ended June 30, 2023, compared to cash provided of $4.3 million in 2022[117]. Financial Position - As of June 30, 2023, the Company had $30.7 million in cash and $203.3 million available under the Loan Agreement[114]. - The Company’s interest coverage ratio was 15.68, significantly above the required minimum of 3.00 to 1[122]. Capital Expenditures - The Company expects full year 2023 capital expenditures to be approximately $25 million to $30 million[116].