Myers Industries, Inc. (N:MYE)
Business Focus: Plastic Container & Packaging
| Sector: Basic Materials | Industry: Non-Paper Containers & Packaging |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1293 S MAIN ST AKRON OH 44301 |
| Tel: | N/A |
| Website: | https://www.myersindustries.com |
| IR: | See website |
| Key People | ||
| Michael P. McGaugh President, Chief Executive Officer, Director | Grant E. Fitz Chief Financial Officer, Executive Vice President | James H. Gurnee Vice President - Sales, Marketing and Commercial Excellence, Vice President - Distribution | Jeffrey Jon Baker Vice President - Shared Services |
| Business Overview |
| Myers Industries, Inc. is a manufacturer of a range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. It is also a distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the United States. It operates through two segments. The Material Handling segment manufactures a selection of durable plastic reusable containers that are used repeatedly. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, custom plastic products, consumer fuel containers, and tanks for water, fuel and waste handling. The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire servicing, wheel, and automotive under-vehicle service on passenger, heavy truck, and off-road vehicles and the manufacturing of tire repair materials and custom rubber. It also manufactures composite matting ground protection for industrial applications. |
| Financial Overview |
| For the three months ended 31 March 2024, Myers Industries, Inc. revenues decreased 4% to $207.1M. Net income decreased 73% to $3.5M. Revenues reflect Distribution segment decrease of 13% to $54.9M. Net income also reflects Corporate segment loss increase of 39% to $12M, Material Handling segment income decrease of 12% to $22.3M, Distribution segment income decrease of 73% to $605K. Dividend per share remained flat at $0.14. |
| Employees: | 2,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $970.77M as of Mar 31, 2024 |
| Annual revenue (TTM): | $804.43M as of Mar 31, 2024 |
| EBITDA (TTM): | $91.50M as of Mar 31, 2024 |
| Net annual income (TTM): | $39.39M as of Mar 31, 2024 |
| Free cash flow (TTM): | $40.87M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $376.96M as of Mar 31, 2024 |
| Shares outstanding: | 37,182,954 as of May 3, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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