Myers Industries(MYE) - 2023 Q1 - Earnings Call Transcript

On an organic basis, the contribution from higher pricing was more than offset by a decline in volume mix. Quarterly adjusted gross profit decreased $1.2 million or 1.6% as contributions from pricing actions, lower raw material costs and the Mohawk Rubber acquisition were not enough to offset lower volume and a change in sales mix. However, adjusted gross margin for the quarter increased 90 basis points to 33% compared with 32.1% in the first quarter of 2022. First quarter adjusted operating income decrease ...