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Myers Industries (MYE) Earnings Call Presentation
2025-05-29 08:55
Company Overview - Myers Industries' net sales reached $836 million, with an adjusted EBITDA of $126 million and an adjusted EBITDA margin of 15%[9] - The company's adjusted EPS stands at $105[9] - Material Handling segment accounts for 75% of the company's end market, while Distribution represents 25%[9] Segment Performance (TTM) - Material Handling segment's net sales were $627 million, representing 75% of net revenue, with an adjusted EBITDA of $146 million and a 23% adjusted EBITDA margin[12,13,14] - Distribution segment's net sales were $209 million, accounting for 25% of net revenue, with an adjusted EBITDA of $7 million and a 3% adjusted EBITDA margin[17] Q1 2025 Financial Results - Net sales were $2068 million, a slight decrease of 02% year-over-year[37,39] - Adjusted operating income increased by 122% to $187 million[37,39] - Diluted adjusted EPS increased by 48% to $022[37,39] - Adjusted EBITDA increased by 137% to $286 million, with an adjusted EBITDA margin of 138%[39] Q1 2025 Segment Results - Material Handling net sales increased by 36% to $1577 million, with an adjusted EBITDA margin of 230%[48] - Distribution net sales decreased by 103% to $492 million, with an adjusted EBITDA margin of 09%[50] Balance Sheet and Cash Flow - Free cash flow generated in Q1 2025 was $20 million[53] - Net leverage ratio increased to 28x[53] - Working capital as a percentage of TTM sales was 141%[53]