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Myers Industries ( (MYE) ) has issued an update.
On May 7, 2026, Myers Industries reported strong first-quarter 2026 results for the period ended March 31, 2026, highlighted by modest 1.8% net sales growth to $164.6 million but significantly higher profitability, with gross margin up 330 basis points and operating income margin up 450 basis points year over year as EPS from continuing operations nearly doubled. Management attributed the gains to favorable mix, lower material and manufacturing costs from its Focused Transformation program, the exit of low-margin products and idling of two rotational molding facilities in late 2025, solid growth in infrastructure and consumer markets, and robust free cash flow of $23.9 million that helped reduce net leverage, while the sale and reclassification of Myers Tire Supply and a shift to a single operating segment simplified reporting and sharpened strategic focus for investors and other stakeholders.
The most recent analyst rating on (MYE) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Myers Industries stock, see the MYE Stock Forecast page.
Spark’s Take on MYE Stock
According to Spark, TipRanks’ AI Analyst, MYE is a Neutral.
The score is driven primarily by improving operating performance and cash generation highlighted on the earnings call (cost savings, margin gains, stronger free cash flow, and reduced net debt). This is tempered by a weaker balance-sheet profile versus prior years (higher leverage), limited/declining revenue growth, and only neutral technical and valuation signals.
To see Spark’s full report on MYE stock, click here.
More about Myers Industries
Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of “Products that Protect,” including industrial containers, organizational bins, totes, carts, cabinets, ground protection matting, RV and marine components, fuel containers, outdoor products and bulk containers. The company serves industrial, infrastructure, vehicle, consumer, and food and beverage end markets, with industrial solutions representing the largest share of sales and infrastructure identified as a key growth driver.
Average Trading Volume: 241,617
Technical Sentiment Signal: Buy
Current Market Cap: $775M
For detailed information about MYE stock, go to TipRanks’ Stock Analysis page.