tiprankstipranks
Myers Industries (MYE)
NYSE:MYE
Want to see MYE full AI Analyst Report?

Myers Industries (MYE) AI Stock Analysis

203 Followers

Top Page

MYE

Myers Industries

(NYSE:MYE)

Select Model
Select Model
Select Model
Neutral 69 (OpenAI - 5.2)
Rating:69Neutral
Price Target:
$40.00
▲(27.23% Upside)
Action:Reiterated
Date:07/30/26
MYE scores solidly due to strengthening profitability and cash flow alongside strong upward price trend versus key moving averages. Offsetting factors are a leveraged balance sheet and a relatively expensive valuation (high P/E with only a modest yield), while the latest earnings call was constructive but noted near-term margin pressure from resin costs.
Positive Factors
Margin Expansion
Myers has materially expanded gross and operating margins via pricing, mix and cost actions. These higher margins are supported by portfolio simplification and efficiency initiatives, creating a more durable earnings base that can sustain profitability even if top-line growth is modest.
Negative Factors
Elevated Leverage
Sizable debt reduces financial flexibility and raises interest and covenant sensitivity. Though management is de-levering (net leverage ~2.2x), operating cash flow currently covers only a portion of total debt, meaning it may take several quarters of strong cash conversion to materially improve balance-sheet headroom.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Myers has materially expanded gross and operating margins via pricing, mix and cost actions. These higher margins are supported by portfolio simplification and efficiency initiatives, creating a more durable earnings base that can sustain profitability even if top-line growth is modest.
Read all positive factors

Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)

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:Oct 29, 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
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
Profitability and cash generation are improving (net income rebound, stronger EBIT margin, and solid/free-cash-flow conversion), but the balance sheet remains a constraint due to elevated leverage and recent revenue softness/choppiness.
Income Statement
68
Positive
Balance Sheet
52
Neutral
Cash Flow
74
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue753.19M825.74M836.28M813.07M899.55M761.43M
Gross Profit254.32M276.05M270.81M259.09M284.07M212.32M
EBITDA126.09M113.83M82.87M95.19M106.79M69.24M
Net Income52.25M34.93M7.20M48.87M60.27M33.54M
Balance Sheet
Total Assets845.04M851.32M860.82M541.63M542.63M484.55M
Cash, Cash Equivalents and Short-Term Investments47.63M45.05M32.22M30.29M23.14M17.66M
Total Debt338.91M378.67M413.87M95.49M132.36M130.04M
Total Liabilities538.67M557.10M583.30M248.83M286.21M275.22M
Stockholders Equity306.37M294.23M277.51M292.80M256.43M209.32M
Cash Flow
Free Cash Flow91.82M67.21M54.86M63.32M48.33M27.05M
Operating Cash Flow108.06M86.76M79.29M86.17M72.62M44.91M
Investing Cash Flow-14.51M-18.93M-372.50M-22.76M-50.38M-50.29M
Financing Cash Flow-82.74M-54.48M295.10M-56.52M-16.32M-5.19M

Myers Industries Technical Analysis

Technical Analysis Sentiment
Positive
Last Price31.44
Price Trends
50DMA
29.21
Positive
100DMA
25.25
Positive
200DMA
22.25
Positive
Market Momentum
MACD
1.73
Negative
RSI
66.29
Neutral
STOCH
84.17
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 31.44 is below the 20-day moving average (MA) of 32.24, above the 50-day MA of 29.21, and above the 200-day MA of 22.25, indicating a bullish trend. The MACD of 1.73 indicates Negative momentum. The RSI at 66.29 is Neutral, neither overbought nor oversold. The STOCH value of 84.17 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$4.46B4.9133.43%2.93%-24.38%43.47%
72
Outperform
$803.34M25.3120.96%4.55%11.71%5.13%
71
Outperform
$5.57B8.7018.34%3.66%12.01%
69
Neutral
$1.29B34.8617.77%1.72%-8.73%268.62%
69
Neutral
$1.43B1.5682.44%0.40%-21.18%2519.53%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
45
Neutral
$439.08M-11.64-7.04%9.77%-8.65%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MYE
Myers Industries
35.35
19.96
129.62%
GEF
Greif Class A
90.12
25.84
40.20%
SON
Sonoco Products
58.46
14.53
33.08%
TRS
Trimas
40.91
5.90
16.87%
PACK
Ranpak Holdings
5.50
1.52
38.19%
KRT
Karat Packaging Inc
42.34
17.49
70.36%

Myers Industries Corporate Events

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Myers Industries Posts Strong Second-Quarter 2026 Results
Positive
Jul 30, 2026
On July 28, 2026, Myers Industries refinanced and extended its credit facilities, amending its existing loan agreement to create new $250 million revolving and $250 million term loan facilities, both maturing in 2031. The revised structure lowers ...
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...
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.Date of analysis: Jul 30, 2026