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Myers Industries (MYE)
NYSE:MYE
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Myers Industries
(NYSE:MYE)
Rating:64Neutral
Price Target:
$17.00
▲(0.35% Upside)
Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$628.48M
Dividend Yield3.19%
Average Volume (3M)218.54K
Price to Earnings (P/E)62.5
Beta (1Y)0.87
Revenue Growth1.11%
EPS Growth-74.94%
CountryUS
Employees2,700
SectorConsumer Cyclical
Sector Strength80
IndustryPackaging & Containers
Share Statistics
EPS (TTM)0.31
Shares Outstanding37,409,725
10 Day Avg. Volume228,916
30 Day Avg. Volume218,536
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.44
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit3.35
Enterprise Value/Ebitda11.19
Forecast
1Y Price Target
$21.00Price Target Upside23.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Myers Industries Business Overview & Revenue Model
Company DescriptionMyers Industries, Inc. is a leading manufacturer of plastic and rubber products, serving various sectors including automotive, industrial, and consumer markets. The company operates through two primary segments: Material Handling and Specialty Tools, which encompass a diverse range of products such as storage containers, pallets, and tool storage solutions. With a focus on innovation and quality, Myers Industries aims to provide effective solutions that meet the needs of its customers across multiple industries.
How the Company Makes MoneyMyers Industries generates revenue primarily through the sale of its manufactured products in the Material Handling and Specialty Tools segments. Key revenue streams include the production and distribution of plastic pallets, bins, and storage solutions, as well as specialized tools and equipment for various applications. The company benefits from established relationships with distributors and retailers, enabling a wide reach in the market. Additionally, Myers Industries invests in product development and innovation, which helps attract new customers and retain existing ones. Factors contributing to its earnings include operational efficiencies, economies of scale in production, and a focus on customer service.
Myers Industries Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with strong progress on cost reduction and strategic initiatives, alongside challenges from reduced sales and tariff uncertainties. The company's transformation efforts and backlog strength offer a positive future outlook, but current financial metrics indicate concerns.Q2-2025 Updates
Positive Updates
Strong Free Cash Flow Generation
The company reported strong free cash flow generation of $25 million in the quarter, an improvement of $22.7 million sequentially, driven by improved cash generation from working capital.
Progress Towards Cost Reduction Goals
The company is on track to deliver $20 million in cost savings by the end of 2025, primarily from SG&A reductions. They have already achieved $18 million in savings, with more opportunities identified.
Strategic Review of Myers Tire Supply
A strategic review has been launched for Myers Tire Supply business, aiming to improve the profitability of the overall portfolio and potentially benefit from focused investment under different ownership.
Military and Infrastructure Market Strength
Strong demand for military products and infrastructure projects, with military product sales expected to exceed $40 million for the full year of 2025.
Negative Updates
Overall Revenue Decline
Second quarter net sales were $209.6 million, down 4.8% from last year, with lower sales in both segments due to demand headwinds in vehicle and automotive aftermarket.
Adjusted Gross Margin Decrease
Adjusted gross margin fell 220 basis points to 33.9%, impacted by lower volume, product sales mix, and pricing issues primarily in the Distribution segment.
Impact of Tariffs and Export Uncertainty
Tariff-related uncertainties affected export sales, particularly in Europe and Canada, causing delays in customer purchases.
Idling of Rotational Molding Facilities
The decision to idle 2 of 9 rotational molding facilities will result in costs of up to $14 million, including $1 million of cash costs and $4 million of noncash write-downs.
Company Guidance
During the Myers 2025 Second Quarter Earnings Results Call, the company provided guidance indicating a strategic shift and cost-saving measures that are expected to drive future growth. The company reported second-quarter net sales of $209.6 million, a decrease of 4.8% from the previous year, with adjusted earnings per share at $0.31. Despite headwinds in vehicle and automotive aftermarket sales, strong demand in military products and infrastructure projects bolstered their outlook, supported by a robust backlog. Myers is on track to achieve $20 million in cost savings, primarily by reducing SG&A expenses, with $18 million in sight. Additionally, the company announced the strategic review of its Myers Tire Supply business and the consolidation of its rotational molding facilities, expected to save $3 million annually. The company also reported strong free cash flow of $25 million for the quarter, enhancing its capacity for disciplined capital allocation, including a $10 million share buyback program. Overall, Myers is focusing on a "Focused Transformation" to streamline operations and enhance profitability, with a positive outlook for the second half of 2025.Myers Industries Financial Statement Overview
Summary
Myers Industries demonstrates a stable financial profile with moderate profitability and effective cash management. The income statement shows moderate profitability with a gross profit margin of 33.0% and a net profit margin of 1.3%. The balance sheet indicates a stable financial position with a debt-to-equity ratio of 1.52. Cash flow analysis reveals solid operational cash generation with an operating cash flow to net income ratio of 6.58.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 | 81.06M | 83.07M | 95.19M | 105.16M | 69.72M | 74.08M |
| 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 | -25.68M | -372.50M | -22.76M | -50.38M | -50.29M | -75.55M |
| Financing Cash Flow | -53.38M | 295.10M | -56.52M | -16.32M | -5.19M | -18.32M |
Myers Industries Technical Analysis
Positive
16.94
Price Trends
15.39
Positive
13.53
Positive
12.53
Positive
Market Momentum
0.43
Negative
66.91
Neutral
72.61
Neutral
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 16.94 is above the 20-day moving average (MA) of 16.08, above the 50-day MA of 15.39, and above the 200-day MA of 12.53, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 66.91 is Neutral, neither overbought nor oversold. The STOCH value of 72.61 is Neutral, 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 | $1.57B | 41.99 | 5.36% | 0.41% | 6.72% | -6.68% | |
70 Outperform | $511.36M | 15.87 | 20.44% | 6.91% | 7.99% | 13.05% | |
64 Neutral | $628.48M | 62.47 | 3.43% | 3.19% | 1.11% | -74.94% | |
61 Neutral | $17.75B | 12.56 | -5.49% | 3.02% | 1.43% | -14.12% | |
58 Neutral | $2.19B | ― | -69.06% | 10.90% | 8.39% | 72.18% | |
54 Neutral | $469.89M | ― | -6.24% | ― | 10.38% | -123.75% | |
53 Neutral | $2.04B | ― | -18.69% | ― | -3.36% | 11.88% |
* Consumer Cyclical Sector Average
Performance Comparison
MYE
Myers Industries
16.94
2.39
16.43%
OI
O-I Glass
13.05
0.26
2.03%
TRS
Trimas
38.67
13.48
53.51%
PACK
Ranpak Holdings
5.39
-1.69
-23.87%
KRT
Karat Packaging Inc
25.34
1.22
5.06%
AMBP
Ardagh Metal Packaging
3.69
0.61
19.81%
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.
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.