Myers Industries(US:MYE)2025-10-30 12:30Q3 2025 Financial Highlights - Net sales increased slightly by 0.2% to $205.4 million compared to $205.1 million in Q3 2024[11] - Adjusted operating income increased by 1.8% to $20.9 million compared to $20.5 million in Q3 2024[11] - Adjusted net income increased by 7.7% to $9.9 million[11] - Adjusted diluted EPS increased by 4.0% to $0.26[11] - Free cash flow generation was strong at $21.5 million, up $11.4 million from last year[11] Segment Performance - Material Handling net sales increased by 1.9% to $153.5 million in Q3 2025 compared to $150.7 million in Q3 2024[24] - Material Handling adjusted operating income increased significantly by 15.4% to $28.0 million with an adjusted operating income margin of 18.3%[24] - Distribution net sales decreased by 4.4% to $52.0 million in Q3 2025 compared to $54.4 million in Q3 2024[26] - Distribution adjusted operating income decreased significantly by 61.3% to $0.9 million with an adjusted operating income margin of 1.8%[26] Strategic Initiatives and Outlook - The company remains on track to deliver $20 million in targeted cost reductions, primarily in SG&A, by the end of 2025[11] - The company is making steady progress on its 'Focused Transformation' plan, including the intent to sell Myers Tire Supply (MTS)[11] - The company is targeting capital expenditure of approximately 3% of sales, focusing on high-growth opportunities with superior returns[13]