Earnings Presentation | FOURTH QUARTER 2020 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", "target", "goal", "view" and similar expressions identify forward-looking statements. These s ...

Myers Industries, Inc. (NYSE:MYE) Q3 2020 Results Earnings Conference Call October 294, 2020, 08:30 AM ET Company Participants Monica Vinay - Vice President of Investor Relations and Treasurer Mike McGaugh - President and Chief Executive Officer Dan Hoehn - Interim Chief Financial Officer Conference Call Participants Tim Wojs - Baird Lance Vitanza - Cowen and Company Carl Schemm - KeyBanc Capital Market Operator Ladies and gentlemen, thank you for standing by. And welcome to the Myers Industries 2020 Third ...

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, 2020 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 1-8524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) Ohio 34-0778636 (State or other jurisdiction of (IRS E ...

Financial Data and Key Metrics Changes - Net sales for Q2 2020 were $118 million, a decrease of 12% compared to Q2 2019 [14] - Adjusted gross profit margin increased to 36%, up from 35% a year ago, due to favorable price-cost margin and lower operating costs [9][14] - Adjusted operating income decreased 14% to $12.3 million, with the adjusted operating income margin remaining flat despite lower sales volume [14][15] - Adjusted diluted earnings per share were $0.23 compared to $0.27 for Q2 2019 [15] - Free cash flow generated during the quarter was $3.7 million, down from $9.4 million last year [19] Business Segment Data and Key Metrics Changes - In the Material Handling segment, net sales decreased by 15.7%, with declines in Food and Beverage, vehicle, and industrial end markets, but adjusted operating income margin increased to 19.5% from 18.3% [16] - The Distribution segment saw a sales decrease of 2.2%, with adjusted operating income dropping to $1.6 million from $3.3 million a year ago, resulting in an adjusted operating income margin of 4.4% compared to 8.7% [17][18] Market Data and Key Metrics Changes - The consumer end market experienced significant sales increases due to higher demand for fuel containers [8] - The auto aftermarket sector showed improved demand as stay-at-home restrictions were lifted, leading to better-than-anticipated sales [8][17] - Replacement tire shipments were down 30% to 35% in Q2, impacting the Distribution segment [48] Company Strategy and Development Direction - The company aims to focus on profitable growth and increasing shareholder value, with plans for disciplined M&A to enhance technological strength in plastics manufacturing [27][28] - Organic growth will be pursued by building out commercial, sales, and marketing capabilities [28] - The company is positioned to capitalize on opportunities in the RV market and other sectors, with a focus on enhancing cross-selling and solutions mindset [35][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's financial strength and ability to meet customer needs during challenging times [11] - The outlook for full-year sales is now anticipated to decline in the mid to high single-digit range, an improvement from previous expectations of a 10% decline [21][25] - The company expects continued gross margin expansion in the Material Handling segment, driven by favorable revenue and cost control [40][42] Other Important Information - Cash on the balance sheet at the end of Q2 was $72 million, with a debt to adjusted EBITDA ratio of 1.2 times [20] - The effective tax rate is anticipated to be 26%, slightly lower than previous guidance of 27% [25] Q&A Session Questions and Answers Question: What metrics are most important in the business and how is capital deployment being considered? - Management emphasized the importance of cash flow and operating income, with a focus on customer satisfaction and order fill rates. Capital allocation remains a priority, with dividends being sacrosanct and continued investment in CapEx [31][32] Question: Can the company make progress on customer-facing objectives during COVID? - Management believes that strong operations and a good balance sheet allow for a focus on growth, with opportunities for organic growth and M&A despite the pandemic [35] Question: What drove the gross margin strength? - Gross margin strength was attributed to favorable price-cost margins and effective cost control in both cost of sales and SG&A [38] Question: Is the weakness in the Distribution segment due to less traffic on the road? - The impact of COVID-19 significantly affected the industry, with replacement tire shipments down and miles driven reduced. However, there is optimism as volume began to return towards the end of Q2 [48] Question: What is the outlook for the RV market? - Management sees strong potential in the RV market, with consumer trends indicating a long-term opportunity for growth, although immediate results may take time [51] Question: What types of companies are being considered for M&A? - The focus is on lower-middle market privately held companies in plastics technologies that can enhance capabilities and deliver better returns, avoiding commodity markets [55]

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, 2020 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 1-8524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) Ohio 34-0778636 (State or other jurisdiction of (IRS Employ ...

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, 2020 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 1-8524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) Ohio 34-0778636 (State or other jurisdiction of (IRS Emplo ...

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, 2019 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) OHIO 34-0778636 (State or other jurisdicti ...

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, 2019 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 1-8524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (IRS Employer Identifi ...

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, 2019 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 1-8524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) incorporation or organization) Number) 1293 South Main Stre ...

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 (Exact name of registrant as specified in its charter) Ohio 34-0778636 (State or other jurisdiction of (IRS Employer Identification incorporation or organization) Number) 1293 South Main Street Akron, Ohio 44301 (Address of principal executive of ices) (Zip code) For the quarterly period ended March 31, 2019 OR ☐ Transition report pursuan ...