Myers Industries (MYE)
NYSE:MYE
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Myers Industries
(NYSE:MYE)
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Rating:65Neutral
Price Target:
$24.50
▲(13.16% Upside)
Action:Reiterated
Date:05/09/26
MYE scores in the mid-range primarily due to improving profitability and strong cash generation, balanced by higher leverage and a soft/declining revenue trend. Technicals add support as the stock trades above key moving averages with positive momentum. Valuation is a modest positive via the dividend, but the provided P/E is not usable, limiting conviction on cheapness.
Positive Factors
Strong free cash flow
Sustained, growing free cash flow provides durable financial flexibility to repay debt, fund ~3% of sales capex, support dividends/buybacks, and execute opportunistic M&A. Robust cash conversion reduces reliance on external financing through cyclical demand swings.
Negative Factors
Elevated leverage
Leverage materially stepped up versus prior years, leaving less financial flexibility. Higher debt ratios increase interest and refinancing risk during cyclical slowdowns and constrain the pace of buybacks, capex increases or M&A without further deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained, growing free cash flow provides durable financial flexibility to repay debt, fund ~3% of sales capex, support dividends/buybacks, and execute opportunistic M&A. Robust cash conversion reduces reliance on external financing through cyclical demand swings.
Read all positive factors
Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$819.88M
Dividend Yield2.8%
Average Volume (3M)286.88K
Price to Earnings (P/E)14.3
Beta (1Y)0.90
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 Cap1.39
Enterprise Value/Revenue1.46
Enterprise Value/Gross Profit4.39
Enterprise Value/Ebitda9.41
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. 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 par...
How the Company Makes Money
Myers Industries primarily makes money by selling products and solutions through two operating segments. (1) Material Handling: The company generates revenue by manufacturing and selling engineered material-handling products—commonly including reu...
Myers Industries Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed constructive progress in profitability, cash generation and strategic repositioning: material margin expansion, $20 million of annualized cost savings, a 23% increase in free cash flow, net debt reduction and active capital allocation (share returns and disciplined reinvestment). Revenue trends were modestly negative for the full year and several end markets (consumer, vehicle, distribution) remain soft, and the planned divestiture of MTS introduces near-term uncertainty and revenue removal (~$5 million/quarter). On balance the operational improvements, cash flow strength and margin gains outweigh the top-line softness and near-term uncertainty, supporting an overall positive outlook.Positive Updates
Q4 Revenue Stability and Underlying Growth
Fourth quarter net sales of $204.0 million were essentially flat year-over-year; excluding the impact of exiting low-margin products and idling two rotational molding facilities, sales would have grown ~3% year-over-year.
Negative Updates
Modest Revenue Decline for the Full Year
Full year net sales were $825.7 million, down 1.3% year-over-year (down 0.6% excluding the idled rotational molding facilities), reflecting soft demand in distribution and select end markets.
Read all updates
Q4-2025 Updates
Positive
Negative
Q4 Revenue Stability and Underlying Growth
Fourth quarter net sales of $204.0 million were essentially flat year-over-year; excluding the impact of exiting low-margin products and idling two rotational molding facilities, sales would have grown ~3% year-over-year.
Read all positive updates
Company Guidance
Management did not give a single company-level revenue or EPS target for 2026 but provided a market-by-market guide and clear capital/financial priorities: they expect moderate industrial growth, strong infrastructure (matting backlog is the largest in the business’ history), overall vehicle demand stable (RV/marine flat, commercial vehicles recovering in H2, OEM program-driven packaging demand), consumer stable (planning for an average of 3 landed storms in the U.S.), and food & beverage slightly down; they will not provide automotive aftermarket guidance due to the planned Myers Tire Supply divestiture (to be treated as discontinued operations in Q1) and they excluded the impact of exiting low‑margin products and idling two rotational molding facilities (~$5 million revenue/quarter) from their outlook. Key financial/portfolio metrics and targets include continuing to invest with 2026 CapEx expected near ~3% of sales (2025 CapEx was $19.6M, ~2.4% of sales), maintaining a target net leverage range of 1.5x–2.5x (ended 2025 at 2.4x after reducing net debt by $44.2M and ending cash of $45.1M with total liquidity of $289.8M) and moving leverage toward the midpoint, pursuing opportunistic M&A only disciplinarily, and driving margin and cash conversion after achieving $20M of annualized cost savings in 2025, full‑year FCF of $67.2M (up 23%), Q4 FCF $18.9M, Q4 net sales $204M, Q4 adjusted gross margin 33.6% (+140 bps), Q4 adjusted operating margin 11% (+230 bps), full‑year net sales $825.7M, full‑year adjusted gross margin 33.7% (+30 bps) and full‑year adjusted operating margin 10.3% (+30 bps), while returning $23M to shareholders in 2025.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 | 83.07M | 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
Neutral
21.65
Price Trends
21.34
Positive
21.05
Positive
18.95
Positive
Market Momentum
0.25
Negative
47.81
Neutral
30.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYE, the sentiment is Neutral. The current price of 21.65 is above the 20-day moving average (MA) of 21.54, above the 50-day MA of 21.34, and above the 200-day MA of 18.95, indicating a neutral trend. The MACD of 0.25 indicates Negative momentum. The RSI at 47.81 is Neutral, neither overbought nor oversold. The STOCH value of 30.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $548.20M | 20.67 | 20.96% | 7.94% | 11.71% | 5.13% | |
72 Outperform | $1.37B | 0.42 | 101.07% | 0.45% | -7.64% | 3005.55% | |
65 Neutral | $819.88M | 14.35 | 14.53% | 2.80% | -6.26% | 149.36% | |
65 Neutral | $4.64B | 19.61 | 30.14% | 4.33% | 17.41% | 167.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $3.24B | 75.79 | 35.34% | 3.19% | -29.32% | -9.87% | |
52 Neutral | $484.18M | -7.42 | -7.04% | ― | 8.06% | -72.92% |
* Consumer Cyclical Sector Average
MYE
Myers Industries
21.39
9.68
82.73%
GEF
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61.32
7.70
14.37%
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KRT
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27.02
-2.11
-7.24%
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...
Business Operations and StrategyFinancial Disclosures
Myers Industries Posts Strong 2025 Earnings and Margin Expansion
Positive
Mar 5, 2026
On March 5, 2026, Myers Industries reported fourth-quarter and full-year 2025 results showing that while quarterly net sales were essentially flat at about $204 million, earnings improved sharply, with diluted EPS up 173% and adjusted EPS up 63% y...
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.