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 ...

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 ...

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]