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Myers Industries (MYE)
NYSE:MYE
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.39Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 19.43%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were notable improvements in margins, cost control, and successful acquisition integration, challenges persist with flat revenue growth, declines in the Distribution segment, and economic uncertainty affecting the vehicle market.Company Guidance
In the call, Myers Industries provided guidance on several key metrics for 2025. First-quarter net sales were $206.8 million, remaining flat year-over-year, with growth in Material Handling, attributed to the Signature acquisition, offset by softness in the Distribution segment. Adjusted gross margin expanded by 80 basis points to 33.5%, driven by favorable product mix and cost management. Adjusted operating income increased to $18.7 million, improving the margin by 100 basis points to 9% of sales. The company also reported an adjusted EBITDA margin expansion of 170 basis points. Myers aims for annualized cost savings of $20 million by year-end 2025, primarily in SG&A, and has launched a $10 million share repurchase plan, with $1 million already repurchased. The company maintains a CapEx target of around 3% of sales and total liquidity of $267 million, aiming to support growth initiatives and return cash to shareholders. Looking ahead, Myers anticipates moderate growth in industrial applications, strong growth in infrastructure, and stable sales in consumer and food & beverage sectors, while the vehicle market is expected to decline due to economic uncertainties.Improved Margins and Cost Control
Margins improved as the company managed costs effectively. SG&A expenses were reduced as a percentage of sales, leading to an increase in EPS.
Successful Integration of Signature Acquisition
The Signature acquisition contributed to a 3.6% increase in Material Handling sales. The acquisition also delivered $12 million in cost synergies, exceeding the original $8 million target.
Resilience to Tariff Impacts
With a predominantly domestic supply chain and less than 15% of Distribution products sourced from China, the company expects minimal direct impact from tariffs.
Focused Transformation Program
The company is implementing a Focused Transformation program aimed at achieving $20 million in annualized cost savings by year-end 2025, primarily in SG&A.
Strong Liquidity Position
The company maintained total liquidity of $267 million, including $231.7 million of availability under the revolving credit facility.
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MYE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MYE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $10.50 | $11.06 | +5.33% |
Mar 06, 2025 | $9.64 | $12.34 | +28.01% |
Nov 04, 2024 | $11.45 | $11.14 | -2.71% |
Aug 01, 2024 | $14.43 | $15.05 | +4.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Myers Industries (MYE) report earnings?
Myers Industries (MYE) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Myers Industries (MYE) earnings time?
Myers Industries (MYE) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MYE EPS forecast?
MYE EPS forecast for the fiscal quarter 2025 (Q2) is 0.33.
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