Myers Industries(US:MYE)2023-03-01 14:32Financial Performance & Outlook - Q4 2022 net sales increased by 6.6% to $212.8 million, compared to $199.6 million in Q4 2021[17] - Adjusted diluted EPS for Q4 2022 was $0.32, a 39.1% increase from $0.23 in Q4 2021[17] - Full year 2022 net sales reached $899.5 million, an 18.1% increase from $761.4 million in 2021[26] - Adjusted diluted EPS for full year 2022 was $1.68, a 73.2% increase from $0.97 in 2021[26] - The company initiates adjusted EPS guidance of $1.55 to $1.85 for FY2023[5] - Net sales growth for full year fiscal 2023 is expected to be in the low to mid single digits[11] Segment Results - Material Handling segment net sales declined by 3.4% to $142.2 million in Q4 2022, compared to $147.3 million in Q4 2021[20] - Distribution segment net sales increased by 35.0% to $70.6 million in Q4 2022, compared to $52.3 million in Q4 2021[20] Cash Flow & Debt - Quarterly free cash flow was $15.2 million, with capital expenditures of $6.7 million[3] - Debt to adjusted EBITDA stood at 0.9x[22]