Loading…
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. The company operates through two segments, The Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets plastic, metal and rubber products, including plastic reusable containers, pallets, small parts bins, bulk shipping containers, OEM parts, storage and organization, custom plastic products, composite ground protection matting, consumer fuel containers and tanks for water, and fuel and waste handling, as well as offers injection molded, rotationally molded, compression molded or blow molded products. This segment serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, construction, infrastructure, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, MTS Xpress, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $826M | $114M | $35M | $67M | 11.9% | -1.3% | 385.0% |
| 2024 | $836M | $83M | $7M | $55M | 2.6% | 2.9% | -85.3% |
| 2023 | $813M | $95M | $49M | $63M | 16.7% | -9.6% | -18.9% |
| 2022 | $900M | $105M | $60M | $48M | 23.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 899.55 | 813.07 | 836.28 | 825.74 |
| Cost Of Revenue | 616.18 | 553.98 | 565.48 | 549.69 |
| Gross Profit | 283.37 | 259.09 | 270.81 | 276.05 |
| Operating Expense | 200.09 | 186.88 | 204.11 | 200.89 |
| Operating Income | 83.27 | 72.21 | 66.70 | 75.16 |
| EBITDA | 105.16 | 95.19 | 83.07 | 113.83 |
| EBIT | 83.94 | 72.41 | 44.48 | 74.56 |
| Pretax Income | 78.21 | 66.06 | 13.54 | 45.13 |
| Tax Provision | 17.94 | 17.19 | 6.34 | 10.21 |
| Net Income | 60.27 | 48.87 | 7.20 | 34.93 |
| Net Income Common Stockholders | 60.27 | 48.87 | 7.20 | 34.93 |
| Total Expenses | 816.27 | 740.86 | 769.58 | 750.58 |
| Interest Expense | 5.73 | 6.35 | 30.94 | 29.42 |
| Selling General And Administration | 199.49 | 178.13 | 186.03 | 183.45 |
| Normalized EBITDA | 104.49 | 95 | 105.29 | 114.44 |
| Normalized Income | 59.75 | 48.72 | 24.75 | 35.40 |
| Basic EPS | 1.66 | 1.33 | 0.19 | 0 |
| Diluted EPS | 1.64 | 1.32 | 0.19 | 0 |
| Tax Effect Of Unusual Items | 0.15 | 0.05 | -4.67 | -0.14 |
| Tax Rate For Calcs | 0.23 | 0.26 | 0.21 | 0.23 |
| Total Unusual Items | 0.67 | 0.20 | -22.22 | -0.60 |
| Total Unusual Items Excluding Goodwill | 0.67 | 0.20 | -22.22 | -0.60 |
| Net Income From Continuing Operation Net Minority Interest | 60.27 | 48.87 | 7.20 | 34.93 |
| Reconciled Depreciation | 21.22 | 22.79 | 38.59 | 39.28 |
| Reconciled Cost Of Revenue | 616.18 | 539.94 | 544.96 | 527.86 |
| Net Interest Income | -5.73 | -6.35 | -30.94 | -29.42 |
| Net Income From Continuing And Discontinued Operation | 60.27 | 48.87 | 7.20 | 34.93 |
| Total Operating Income As Reported | 83.94 | 72.41 | 44.48 | 74.56 |
| Diluted Average Shares | 36.79 | 37.10 | 37.40 | 0 |
| Basic Average Shares | 36.41 | 36.74 | 37.14 | 0 |
| Diluted NI Availto Com Stockholders | 60.27 | 48.87 | 7.20 | 34.93 |
| Net Income Including Noncontrolling Interests | 60.27 | 48.87 | 7.20 | 34.93 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 60.27 | 48.87 | 7.20 | 34.93 |
| Other Income Expense | 0.67 | 0.20 | -22.22 | -0.60 |
| Special Income Charges | 0.67 | 0.20 | -22.22 | -0.60 |
| Gain On Sale Of Ppe | 0.67 | 0.20 | -0.20 | -0.60 |
| Write Off | 0 | 0 | 22.02 | 0 |
| Net Non Operating Interest Income Expense | -5.73 | -6.35 | -30.94 | -29.42 |
| Interest Expense Non Operating | 5.73 | 6.35 | 30.94 | 29.42 |
| Other Operating Expenses | 0.60 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0 | 8.75 | 18.08 | 17.45 |
| Depreciation And Amortization In Income Statement | 0 | 8.75 | 18.08 | 17.45 |
| Selling And Marketing Expense | 0 | 10.85 | 12 | 11.05 |
| General And Administrative Expense | 0 | 167.28 | 174.03 | 172.40 |
| Other Gand A | 0 | 167.28 | 174.03 | 172.40 |
| Operating Revenue | 899.55 | 813.07 | 836.28 | 825.74 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Myers Industries, Inc.this co. | MYE | $745M | 21.41↓ discount | 2.53 | 11.9% | 8.70 |
| Sweetgreen, Inc. | SG | $803M | - | 2.25 | -37.6% | -17.31 |
| Petco Health and Wellness Company, Inc. | WOOF | $796M | 93.33 | 0.68 | 0.8% | 10.74 |
| First Watch Restaurant Group, Inc. | FWRG | $796M | 41.65 | 1.26 | 3.1% | 16.34 |
| Carriage Services, Inc. | CSV |
| $780M |
| 15.13 |
| 3.04 |
| 20.2% |
| 10.89 |
| Solid Power, Inc. | SLDP | $752M | - | 1.62 | -22.4% | -6.08 |
| Arko Corp. | ARKO | $706M | 41.93 | 2.61 | 6.2% | 13.13 |
| American Woodmark Corporation | AMWD | $663M | 6.65 | 0.72 | 10.9% | 5.83 |
| Hovnanian Enterprises, Inc. | HOV | $662M | 17.25 | 0.94 | 7.7% | 12.98 |
| Peer Median | - | 29.45 | 1.44 | 4.6% | 10.81 | |