Financial Data and Key Metrics Changes - Myers Industries reported a 24% increase in net sales for Q2 2022 compared to the same period last year, marking the seventh consecutive quarter of double-digit growth [9][10] - Adjusted EPS increased by 55% to $0.45, while adjusted EBITDA rose by 41% to $28.9 million, reflecting strong performance across the company [10][19] - Gross margins improved by 260 basis points to 32% compared to 29.4% in Q2 2021, driven by pricing actions that offset inflationary pressures [11][17] Business Line Data and Key Metrics Changes - In the material handling segment, net sales increased by 26%, with organic sales growth of approximately 19%, driven by favorable pricing [20] - The distribution segment saw a 20% increase in sales, with organic growth of 8%, primarily due to pricing actions [22] - Adjusted operating income for material handling increased by 65% to $28 million, while the distribution segment's adjusted operating income rose slightly over 1% to $4.3 million [21][23] Market Data and Key Metrics Changes - Demand remained resilient across most segments, particularly in agriculture and industrial markets, while consumer discretionary and RV markets showed some softening [56][58] - The decline in volume mix was primarily driven by the consumer market, with most other markets experiencing growth [57] Company Strategy and Development Direction - The company is focused on a three-horizon strategy that includes self-help initiatives, organic growth, and bolt-on M&A [30][36] - Recent acquisitions, including Trilogy Plastics and Mohawk Rubber, are expected to enhance customer service and operational capabilities [36][41] - The company aims to maintain a culture of operational excellence and servant leadership to drive long-term growth [44][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties, citing strong demand in core markets [56][58] - The fiscal 2022 outlook has been raised, anticipating net sales growth in the high teens range and adjusted EPS in the range of $1.40 to $1.60 [26][27] - Management emphasized the importance of continued investment in innovation and talent to sustain growth [65] Other Important Information - Free cash flow for the quarter was $21.1 million, up from $11.7 million in Q2 2021, indicating strong operational performance [24] - The company maintains a strong balance sheet with leverage at 1.2x, providing flexibility for future growth initiatives [25] Q&A Session Summary Question: How would you describe the business environment today? - Management noted resilience in demand across most segments, with softening in consumer discretionary and RV markets [55][56] Question: Can we expect the net margin benefit to continue? - Management indicated that margins should hold due to a focus on cost management and pricing strategies [60] Question: What is the outlook for SG&A expenses? - SG&A is expected to remain around 22% of net sales for the remainder of the year, with ongoing investments in the company [64] Question: How is the integration of Mohawk progressing? - Integration is going well, with a complementary culture and no significant overlap in geography or customer mix [68] Question: What is the pipeline for future acquisitions? - Management remains active in the M&A market and is prepared to capitalize on opportunities as they arise [71][72]

| --- | --- | |-------|----------------------------| | | Earnings Call Presentation | | | Second Quarter 2022 | | | Tuesday, August 2, 2022 | 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", "anticipate", "intend", "objective", "outlo ...

| --- | --- | |-------|----------------------------| | | Earnings Call Presentation | | | First Quarter 2022 | | | Thursday, May 5, 2022 | 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", "anticipate", "intend", "objective", "outlook" ...

Myers Industries, Inc. (NYSE:MYE) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ET Company Participants Monica Vinay - Vice President of Investor Relations and Treasurer Mike McGaugh - President and Chief Executive Officer Sonal Robinson - Executive Vice President and Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Capital Markets Jonnathan Navarrete - Cowen Operator Hello, and welcome to today's Myers Industries First Quarter 2022 Earnings Call. My name is Bailey, and I wi ...

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, 2022 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 Identific ...

| --- | --- | |-------|----------------------------| | | Earnings Call Presentation | | | Fourth Quarter 2021 | | | Thursday, March 10, 2022 | 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", "anticipate", "intend", "objective", "outl ...

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, 2021 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, Inc. (NYSE:MYE) Q4 2021 Earnings Conference Call March 10, 2022 8:30 AM ET Company Participants Monica Vinay – Vice President of Investor Relations and Treasurer Mike McGaugh – President and Chief Executive Officer Sonal Robinson – Executive Vice President and Chief Financial Officer Conference Call Participants Lance Vitanza – Cowen and Company Ken Newman – KeyBanc Capital Markets Operator Hello everyone, and welcome to the Myers Industries 2021 Fourth Quarter Earnings Call. My name is Vi ...

Myers Industries, Inc. (NYSE:MYE) Q3 2021 Earnings Conference Call November 4, 2021 8:30 AM ET Company Participants Monica Vinay - Vice President of Investor Relations and Treasurer Mike McGaugh - President and Chief Executive Officer Sonal Robinson - Executive Vice President and Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Capital Markets Operator Hello. Good morning, and welcome to the Myers Industries 2021 Third Quarter Earnings Call. My name is Gemma, and I'll be the opera ...

| --- | --- | --- | |-------|----------------------------|----------------------------| | | | Earnings Call Presentation | | | Third Quarter 2021 | | | | Thursday, November 4, 2021 | | 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", ...