Myers Industries (MYE)
NYSE:MYE
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Myers Industries
(NYSE:MYE)
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Rating:65Neutral
Price Target:
$28.00
▲(29.33% Upside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by improving fundamentals and cash generation, tempered by higher leverage and a soft top-line trend. Technicals are supportive with price strength above key moving averages and positive momentum indicators. Valuation is reasonable but not especially compelling, while the latest earnings call was broadly positive with reaffirmed guidance and strong margin/earnings execution despite near-term input-cost headwinds.
Positive Factors
Strong free cash flow generation
Sustained free cash flow (TTM ~$89M and Q1 FCF $23.9M) provides durable internal funding for capital allocation, debt reduction, and reinvestment. Strong FCF supports resilience through cycles, funds targeted CapEx (~3.5% of sales) and enables strategic options without immediate external financing.
Negative Factors
Elevated leverage limits flexibility
Higher leverage (debt-to-equity ~1.25, net leverage ~2.2x) constrains financial flexibility and raises interest-rate and covenant sensitivity. Elevated debt reduces room for opportunistic M&A, increases refinancing risk in stress, and makes the firm more vulnerable to cyclical revenue or margin shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained free cash flow (TTM ~$89M and Q1 FCF $23.9M) provides durable internal funding for capital allocation, debt reduction, and reinvestment. Strong FCF supports resilience through cycles, funds targeted CapEx (~3.5% of sales) and enables strategic options without immediate external financing.
Read all positive factors
Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$993.39M
Dividend Yield2.8%
Average Volume (3M)286.88K
Price to Earnings (P/E)24.2
Beta (1Y)0.89
Revenue Growth-6.26%
EPS Growth149.36%
CountryUS
Employees2,700
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)1.12
Shares Outstanding37,557,323
10 Day Avg. Volume335,107
30 Day Avg. Volume286,875
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.38
Price to Sales (P/S)0.85
P/FCF Ratio10.41
Enterprise Value/Market Cap1.18
Enterprise Value/Revenue1.50
Enterprise Value/Gross Profit4.51
Enterprise Value/Ebitda9.66
Forecast
1Y Price Target
$26.00Price Target Upside20.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.22
Revenue Forecast (FY)$824.70M
Myers Industries Business Overview & Revenue Model
Company Description
Myers Industries, Inc., an Akron, Ohio-based company established in 1933, operates through two principal business divisions: Material Handling and Distribution. The Material Handling segment specializes in manufacturing a diverse range of plastic ...
How the Company Makes Money
Myers Industries makes money mainly by (1) manufacturing and selling material-handling products and (2) distributing equipment and supplies for tire/wheel and under-vehicle service.
1) Material Handling segment revenue: This segment generates rev...
Myers Industries Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call highlights material operational and financial progress — including a 57.1% increase in adjusted EPS, a 27% rise in adjusted EBITDA, strong free cash flow, reduced net debt and improving margins — supported by a clear transformation plan (portfolio simplification, footprint optimization, recycled material investments and targeted CapEx). Headwinds include modest reported revenue growth (1.8%), near-term margin pressure from recent resin price spikes, some soft end markets (vehicle and food & beverage), and timing uncertainty around the MTS divestiture. Overall, positive execution and cash generation outweigh the short-term cost and revenue headwinds, with management reiterating the outlook and steps to mitigate cost pressures.Positive Updates
Strong Adjusted EPS Growth
Adjusted EPS of $0.44, an increase of 57.1% year-over-year, driven by margin expansion and cost actions.
Negative Updates
Modest Reported Revenue Growth
Net sales were only up 1.8% year-over-year (though ~5% on an adjusted basis excluding exited low-margin products), indicating top-line softness in parts of the business.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Adjusted EPS Growth
Adjusted EPS of $0.44, an increase of 57.1% year-over-year, driven by margin expansion and cost actions.
Read all positive updates
Company Guidance
Management reaffirmed its March 5, 2026 outlook while noting the market outlook excludes the Q4’25 exit that removed roughly $5 million of revenue per quarter and the idling of two rotational molding facilities; Q1 results included net sales up 1.8% year‑over‑year (would be +5% excluding the exit), adjusted gross margin 34.7%, adjusted operating margin 15.7%, adjusted EBITDA margin 21.3% (up 420 bps YoY) with adjusted EBITDA up 27% and adjusted EPS of $0.44 (up 57.1% YoY). Q1 free cash flow was $23.9 million (operating cash flow $26.7M), cash balance $44.6M and total liquidity $289.3M, net debt was reduced by $18.3M to a net leverage of 2.2x (target 1.5–2.5); CapEx was $2.8M in Q1 (~1.7% of sales) with full‑year CapEx expected at ~3.5% of sales. Management flagged near‑term margin pressure in Q2 from sharp resin cost increases but expects margin recovery and expansion in H2 via contractual pricing actions, cost reductions and higher recycled‑material usage, cited MegaDeck orders up >130% year‑over‑year, and reiterated end‑market views (moderate industrial growth, rising military demand, strong infrastructure backed by data center and conversion trends, stable vehicle demand with H2 recovery for commercial vehicles, and a slightly down food & beverage outlook).Myers Industries Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
45
Neutral
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 783.57M | 825.74M | 836.28M | 813.07M | 899.55M | 761.43M |
| Gross Profit | 259.82M | 276.05M | 270.81M | 259.09M | 284.07M | 212.32M |
| EBITDA | 121.31M | 113.83M | 82.87M | 95.19M | 106.79M | 69.24M |
| Net Income | 41.92M | 34.93M | 7.20M | 48.87M | 60.27M | 33.54M |
Balance Sheet | ||||||
| Total Assets | 836.73M | 851.32M | 860.82M | 541.63M | 542.63M | 484.55M |
| Cash, Cash Equivalents and Short-Term Investments | 44.59M | 45.05M | 32.22M | 30.29M | 23.14M | 17.66M |
| Total Debt | 360.14M | 378.67M | 413.87M | 95.49M | 132.36M | 130.04M |
| Total Liabilities | 547.86M | 557.10M | 583.30M | 248.83M | 286.21M | 275.22M |
| Stockholders Equity | 288.88M | 294.23M | 277.51M | 292.80M | 256.43M | 209.32M |
Cash Flow | ||||||
| Free Cash Flow | 88.59M | 67.21M | 54.86M | 63.32M | 48.33M | 27.05M |
| Operating Cash Flow | 102.83M | 86.76M | 79.29M | 86.17M | 72.62M | 44.91M |
| Investing Cash Flow | -13.49M | -18.93M | -372.50M | -22.76M | -50.38M | -50.29M |
| Financing Cash Flow | -76.16M | -54.48M | 295.10M | -56.52M | -16.32M | -5.19M |
Myers Industries Technical Analysis
Positive
21.65
Price Trends
22.33
Positive
21.82
Positive
19.63
Positive
Market Momentum
1.12
Negative
71.65
Negative
88.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYE, the sentiment is Positive. The current price of 21.65 is below the 20-day moving average (MA) of 23.48, below the 50-day MA of 22.33, and above the 200-day MA of 19.63, indicating a bullish trend. The MACD of 1.12 indicates Negative momentum. The RSI at 71.65 is Negative, neither overbought nor oversold. The STOCH value of 88.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYE.
Myers Industries Risk Analysis
Myers Industries disclosed 29 risk factors in its most recent earnings report. Myers Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Myers Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.47B | 1.70 | 101.07% | 0.45% | -7.64% | 3005.55% | |
74 Outperform | $595.52M | 18.86 | 20.96% | 7.94% | 11.71% | 5.13% | |
65 Neutral | $993.39M | 24.17 | 14.53% | 2.80% | -6.26% | 149.36% | |
65 Neutral | $5.00B | 4.87 | 30.14% | 4.33% | 17.41% | 167.71% | |
64 Neutral | $3.44B | 4.01 | 35.34% | 3.19% | -29.32% | -9.87% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | $610.79M | -16.47 | -7.04% | ― | 8.06% | -72.92% |
* Consumer Cyclical Sector Average
MYE
Myers Industries
27.10
12.69
88.08%
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5.96
9.54%
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KRT
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5.06
20.23%
Myers Industries Corporate Events
Business Operations and StrategyFinancial Disclosures
Myers Industries Delivers Strong, Higher-Margin Q1 2026 Results
Positive
May 7, 2026
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 p...
Executive/Board ChangesShareholder Meetings
Myers Industries Shareholders Back Directors, Compensation and Auditor
Positive
Apr 24, 2026
At Myers Industries’ annual meeting held after the March 4, 2026 record date, shareholders representing about 92.55% of outstanding common shares participated in person or by proxy, underscoring strong investor engagement. Shareholders elect...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.