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Myers Industries (MYE)
:MYE
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Myers Industries
(NYSE:MYE)
Rating:60Neutral
Price Target:
$15.50
▼(-2.02% Downside)
Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$589.95M
Dividend Yield3.41%
Average Volume (3M)229.70K
Price to Earnings (P/E)59.8
Beta (1Y)0.84
Revenue Growth1.11%
EPS Growth-74.94%
CountryUS
Employees2,700
SectorConsumer Cyclical
Sector Strength74
IndustryPackaging & Containers
Share Statistics
EPS (TTM)0.31
Shares Outstanding37,409,725
10 Day Avg. Volume238,514
30 Day Avg. Volume229,704
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.54
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit3.35
Enterprise Value/Ebitda12.02
Forecast
1Y Price Target
$21.00Price Target Upside32.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Myers Industries Business Overview & Revenue Model
Company DescriptionMyers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational, and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.
How the Company Makes MoneyMyers Industries generates revenue through the sale of its manufactured products and distribution services. In the Material Handling segment, revenue is derived from the manufacture and sale of products such as plastic containers, storage products, and other specialty items. This segment primarily serves the agriculture, food processing, and industrial sectors, contributing a substantial portion of the company’s earnings. The Distribution segment makes money by distributing tire service supplies and equipment, which includes tools, accessories, and other products essential for tire dealers and automotive service centers. This segment's revenue is driven by the automotive aftermarket demand, which is influenced by factors such as vehicle maintenance trends and the overall health of the automotive industry. Key revenue streams include direct sales to businesses, distributors, and through partnerships with other manufacturers and service providers.
Myers Industries Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: 8.06%|
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with several strategic and operational improvements on the horizon, but faced with current challenges including a decline in net sales and adjusted gross margin. The company is actively working on transformation strategies to navigate market demands and streamline operations.Q2-2025 Updates
Positive Updates
Strong Free Cash Flow
The company reported strong free cash flow generation of $25 million in the quarter, which is an improvement of $18.2 million sequentially and $14 million from the prior year.
Military and Infrastructure Backlog
The company remains confident in second-half growth based on a strong backlog for military products in the industrial end market and infrastructure products.
Cost Reduction Progress
The company is on track to achieve $20 million in cost savings by the end of 2025, with $18 million already in sight due to manufacturing consolidation and other measures.
Operational Improvements
Implementation of lean principles and focus on execution and accountability is creating positive impacts and helping in achieving cost savings.
Strategic Review of Myers Tire Supply
The Board of Directors approved a strategic review of Myers Tire Supply business to focus on core businesses that align with the company's mission.
Negative Updates
Decline in Net Sales
Second quarter net sales were $209.6 million, down 4.8% from last year, with lower revenue in both segments.
Adjusted Gross Margin Decrease
The adjusted gross margin fell 220 basis points to 33.9% due to lower volume, product sales mix, and pricing primarily in the Distribution segment.
Challenges in Automotive Aftermarket
The company encountered demand headwinds in the vehicle and automotive aftermarket, resulting in lower sales across both segments.
Impact of Tariffs on Export Sales
Uncertainty due to tariffs affected the timing of sales, particularly within the Signature business's export sales to Europe and Canada.
Company Guidance
During the Myers 2025 Second Quarter Earnings Results Call, the company provided several key metrics and updates about their financial performance and strategic initiatives. Net sales for the second quarter were reported at $209.6 million, representing a 4.8% decrease year-over-year, with adjusted EPS at $0.31. Despite facing demand headwinds in the vehicle and automotive aftermarket segments, the company noted strong growth in military products within the industrial sector. Myers is on track to achieve a targeted $20 million SG&A cost reduction by the end of 2025, with $18 million already in sight following announced consolidations. Free cash flow was noted at $25 million for the quarter, and the company expects sales of military products to exceed $40 million for the full year. The strategic review of the Myers Tire Supply business, along with the consolidation of rotational molding facilities, is expected to result in annual savings of at least $3 million. The company also reiterated its commitment to a debt reduction strategy, with $13 million in debt repaid during the quarter, and confirmed ongoing efforts toward a net leverage target of 1.5x to 2.5x.Myers Industries Financial Statement Overview
Summary
Myers Industries demonstrates a stable financial profile with moderate profitability and effective cash management. The balance sheet indicates a stable financial position with moderate leverage. Revenue growth challenges exist, but the company manages its cash flow effectively, supporting potential reinvestment or debt reduction.Income Statement
The income statement shows moderate profitability with a gross profit margin of 33.0% and a net profit margin of 1.3% for TTM. Revenue growth has been inconsistent, showing a -7.1% decline from 2022 to 2023 and a slight decrease in TTM. EBIT and EBITDA margins are 6.0% and 10.2% respectively, indicating reasonable operational efficiency but with room for improvement in net profitability.65
Positive
Balance Sheet
The balance sheet indicates a stable financial position with a debt-to-equity ratio of 1.52, showing moderate leverage. The return on equity (ROE) is 3.8% for TTM, reflecting modest returns for shareholders. The equity ratio stands at 31.4%, suggesting a balanced capital structure, though maintaining a cautious eye on debt levels is advised.70
Positive
Cash Flow
Cash flow analysis reveals solid operational cash generation with an operating cash flow to net income ratio of 6.58. Free cash flow growth is healthy, though it declined from 2022 to 2023. The free cash flow to net income ratio is 4.03, highlighting effective cash management and potential for reinvestment or debt reduction.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 825.28M | 836.28M | 813.07M | 899.55M | 761.43M | 510.37M |
| Gross Profit | 270.76M | 270.81M | 259.09M | 283.37M | 211.42M | 171.96M |
| EBITDA | 75.44M | 83.07M | 95.19M | 105.16M | 49.30M | 53.55M |
| Net Income | 9.93M | 7.20M | 48.87M | 60.27M | 33.54M | 36.77M |
Balance Sheet | ||||||
| Total Assets | 862.71M | 860.82M | 541.63M | 542.63M | 484.55M | 400.01M |
| Cash, Cash Equivalents and Short-Term Investments | 41.29M | 32.22M | 30.29M | 23.14M | 17.66M | 28.30M |
| Total Debt | 405.81M | 413.87M | 95.49M | 132.36M | 130.04M | 95.69M |
| Total Liabilities | 578.07M | 583.30M | 248.83M | 286.21M | 275.22M | 210.91M |
| Stockholders Equity | 284.64M | 277.51M | 292.80M | 256.43M | 209.32M | 189.10M |
Cash Flow | ||||||
| Free Cash Flow | 57.12M | 54.86M | 63.32M | 48.33M | 27.05M | 33.09M |
| Operating Cash Flow | 83.12M | 79.29M | 86.17M | 72.62M | 44.91M | 46.51M |
| Investing Cash Flow | -25.77M | -372.50M | -22.76M | -50.38M | -50.29M | -75.55M |
| Financing Cash Flow | -34.87M | 295.10M | -56.52M | -16.32M | -5.19M | -18.32M |
Myers Industries Technical Analysis
Positive
15.82
Price Trends
14.63
Positive
12.93
Positive
12.22
Positive
Market Momentum
0.29
Negative
63.21
Neutral
90.87
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 15.82 is above the 20-day moving average (MA) of 15.11, above the 50-day MA of 14.63, and above the 200-day MA of 12.22, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 63.21 is Neutral, neither overbought nor oversold. The STOCH value of 90.87 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 27 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
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.44B | 38.99 | 5.36% | 0.46% | 6.72% | -6.68% | |
71 Outperform | $541.26M | 17.98 | 19.64% | 6.73% | 6.21% | 1.47% | |
61 Neutral | $16.55B | 10.17 | -9.03% | 3.32% | 1.46% | -22.90% | |
61 Neutral | $2.34B | ― | -69.06% | 10.51% | 8.39% | 72.18% | |
60 Neutral | $589.95M | 59.78 | 3.43% | 3.41% | 1.11% | -74.94% | |
53 Neutral | $2.00B | ― | -18.69% | ― | -3.36% | 11.88% | |
49 Neutral | $363.60M | ― | -6.24% | ― | 10.38% | -123.75% |
* Consumer Cyclical Sector Average
Performance Comparison
MYE
Myers Industries
15.82
2.76
21.13%
OI
O-I Glass
13.36
1.72
14.78%
TRS
Trimas
35.12
11.52
48.81%
PACK
Ranpak Holdings
3.98
-3.57
-47.28%
KRT
Karat Packaging Inc
26.74
4.36
19.48%
AMBP
Ardagh Metal Packaging
3.80
1.03
37.18%
Myers Industries Corporate Events
M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Myers Industries Reports Q2 Results and Strategic Review
Neutral
Jul 31, 2025
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.
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.