Welcome to our dedicated page for Myers Inds news (Ticker: MYE), a resource for investors and traders seeking the latest updates and insights on Myers Inds stock.
Myers Industries Inc (NYSE: MYE) delivers innovative polymer solutions and material handling systems across industrial markets. This news hub provides investors and professionals with essential updates on strategic initiatives, product developments, and operational milestones.
Access timely press releases and analysis covering MYE's advancements in reusable packaging, tire service equipment distribution, and custom manufacturing solutions. Our curated collection features updates across key areas including sustainability projects, manufacturing expansions, and partnership announcements.
Discover comprehensive coverage of earnings reports, leadership changes, and technological innovations driving efficiency in agriculture, healthcare, and automotive sectors. All content maintains factual accuracy while highlighting MYE's role in industrial supply chain optimization.
Bookmark this page for streamlined access to Myers Industries' latest developments. Check regularly for updates on product launches, market strategies, and industry recognition shaping this established manufacturer's trajectory.
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Scepter introduces Powered Fueling Station, a professional-grade mobile refueling container that simplifies refueling with the flip of a switch. The 14-gallon container is fast, smart, and mobile, equipped with a high-quality fuel pump, intuitive features, and robust wheel treads. Certified by the Department of Transportation, it aims to minimize refueling downtime and empower consumers at work and home.
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Myers Industries, Inc. (NYSE: MYE) will report its first-quarter 2024 financial results on May 7, 2024, followed by a conference call at 8:30 a.m. Eastern Time. Investors and analysts can access the call online or via a live webcast on the Company's website.
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Myers Industries, Inc. to host 2024 Investor Day event outlining strategic growth plans and future outlook through fiscal year 2026. The event will focus on the Three Horizon Strategy, transitioning to Horizon Two, and long-term vision for the Company.
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Myers Industries, Inc. announces solid operating performance driven by Self-Help Initiatives and Myers Business System. The company expects improved profitability in Fiscal Year 2024. Despite cyclical headwinds, 2023 saw progress with top years in adjusted earnings per share, adjusted EBITDA, and revenue. Financial highlights include net sales of $191.1 million in Q4 2023, $813.1 million in full year 2023, and cash flow improvements. Acquisition of Signature Systems enhances long-term growth prospects.
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Myers Industries, Inc. (MYE) declares a quarterly cash dividend of $0.135 per share for shareholders, payable on April 4, 2024.
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Myers Industries, Inc. has completed the acquisition of Signature Systems, strengthening its portfolio of market-leading brands and enhancing its margin and EPS growth profiles. The $350 million cash transaction was funded through an amendment and restatement of Myers' existing loan agreement, with a $400 million 5-year senior secured term loan A being added. The acquisition is expected to deliver double-digit EPS accretion and $8 million of run-rate synergies by 2025, with the Company's net leverage ratio at approximately 3.0x, within management's target range. Pro forma for the acquisition, Signature Systems' financial results are expected to be included within Myers' Material Handling segment. The transaction is expected to be neutral to slightly dilutive to US GAAP EPS in fiscal year 2024 but is anticipated to deliver EPS accretion of $0.20 to $0.30 in 2025 and $0.40 to $0.50 in 2026, with additional meaningful EPS accretion beyond 2026. Moelis & Company LLC served as the exclusive financial advisor to Myers with respect to the transaction, while Vorys, Sater, Seymour and Pease LLP and Davis Polk & Wardwell LLP provided legal counsel.
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Myers Industries, Inc. (NYSE: MYE) will report Q4 and full year 2023 financial results on March 5, 2024. The conference call will be available via webcast, with an archived replay. The Annual Meeting of Shareholders is scheduled for April 25, 2024, with both in-person and webcast options.
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Myers Industries, Inc. (NYSE: MYE) announced the acquisition of Signature Systems, a leader in composite ground protection solutions, to bolster its margin and profitability profile. The acquisition is projected to deliver $8 million in annualized operational and cost synergies by 2025, with US GAAP EPS projected to be flat to slightly dilutive in 2024, and $0.20 - $0.30 per share accretion in 2025, $0.40 - $0.50 per share accretion in 2026, and additional meaningful accretion beyond 2026.
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Myers Industries, Inc. (NYSE: MYE) announced the appointment of Meghan Beringer as Senior Director of Investor Relations. Beringer brings twenty years of leadership experience and a strong network from her previous roles in the utility and banking industries. She will focus on driving transparency in communications with the investment community, reporting to Grant Fitz, Chief Financial Officer.
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Myers Industries, Inc. reported net sales of $197.8 million for Q3 2023, a decrease of 13.3% compared to the prior year period. Gross margin increased by 10 basis points to 31.5%. GAAP net income per diluted share was $0.34, while adjusted earnings per diluted share were $0.38. Cash flow provided by operations was $22.1 million and free cash flow was $18.1 million. The Material Handling segment saw a decrease in net sales and operating income, while the Distribution segment experienced a decrease in net sales but an increase in operating income. The company's cash on hand was $24.8 million and total debt was $69.3 million as of September 30, 2023. The company revised its outlook for fiscal 2023, expecting a decline in net sales and adjusted earnings per diluted share.
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Myers Inds
NYSE:MYE
MYE Rankings
MYE Stock Data
352.82M
36.65M
1.71%
91.14%
2.04%
Packaging & Containers
Plastics Products, Nec
United States
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