Myers Industries Reports Q2 Results and Strategic Review

An announcement from Myers Industries ( (MYE) ) is now available.

On July 31, 2025, Myers Industries announced its second-quarter results for the period ending June 30, 2025, revealing a decline in sales due to weak demand in the vehicle and automotive aftermarket sectors, despite growth in industrial sales driven by Scepter military products. The company reported significant improvements in free cash flow and is on track to achieve $20 million in cost savings by the end of 2025. Additionally, Myers Industries is launching a strategic review of its Myers Tire Supply business to streamline its portfolio and focus on core operations, which may lead to divestiture. These actions are part of a broader transformation program aimed at enhancing financial performance and shareholder value.

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 overall stock score is driven primarily by stable financial performance and effective cash management, tempered by valuation concerns and mixed technical signals. Earnings call insights reinforce improved operational efficiencies but highlight revenue growth challenges and economic uncertainties.

To see Spark’s full report on MYE stock, click here.

More about Myers Industries

Myers Industries Inc. is a leading manufacturer of products designed to protect the world from the ground up. The company focuses on industrial and consumer end markets, with a notable presence in the automotive aftermarket sector through its Myers Tire Supply business.

Average Trading Volume: 237,298

Technical Sentiment Signal: Hold

Current Market Cap: $561.9M

Learn more about MYE stock on TipRanks’ Stock Analysis page.