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Myers Inds - MYE STOCK NEWS

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.

Overview

Myers Industries Inc (MYE) has been a stalwart in the industrial manufacturing arena since its founding in 1933 in Akron, Ohio. The company has built a reputation for designing, manufacturing, and marketing a diverse array of polymer, metal, and rubber products that serve critical functions in material handling and distribution. With an emphasis on sustainable and reusable solutions, Myers Industries creates products that are essential for reducing waste and optimizing operational efficiencies across several markets.

Core Business Segments

The company operates primarily through two key business segments:

  • Material Handling Segment: This segment is responsible for the design and manufacture of reusable plastic and metal products, including bulk boxes, storage bins, pallets, and containers. Their innovative range extends to durable fuel, water, and waste tanks, as well as portable fuel containers that cater to a range of applications from marine and recreational vehicles to military uses. The products in this segment are engineered to replace disposable packaging solutions, providing cost savings and environmental benefits to industries that require robust and long-lasting material handling systems.
  • Distribution Segment: Focused on distributing tire retread and repair products, as well as offering tools, equipment, and supplies for under-vehicle services, this segment supports the automotive, commercial, and heavy truck industries. It emphasizes reliability and quality, ensuring that service providers and maintenance operations have access to critical components that keep vehicles operating safely and efficiently.

Product Portfolio and Market Applications

Myers Industries boasts a highly diversified portfolio comprising plastic reusable containers, pallets, small parts bins, bulk shipping containers, metal shelving systems, and custom-designed products. This expansive range is tailored to meet the rigorous demands of several key markets, including:

  • Agriculture: Durable storage solutions and reusable packaging provide a practical alternative to traditional disposable materials in the agricultural supply chain.
  • Food and Beverage: Custom storage bins and transportation containers help maintain product integrity while reducing packaging waste.
  • Industrial and Retail: The company serves a broad base of industrial and commercial operations that require reliable material handling systems to improve logistic efficiencies.
  • Healthcare: Sterile and robust storage and organization solutions cater to healthcare operations where precision and reliability are critical.
  • Marine and Recreational: The design and supply of specialized fuel and water tanks along with portable containers are indispensable for marine applications, recreational vehicles, and even military usage.

Manufacturing Excellence and Operational Strengths

At the heart of Myers Industries’ operations is a commitment to quality manufacturing and innovation. The company leverages advanced polymer processing techniques and precision engineering to ensure its products meet the stringent requirements of diverse industrial applications. The emphasis on reusable and sustainable solutions not only addresses cost reduction for businesses but also supports environmental initiatives by minimizing waste. The company’s ability to cater to niche product demands while maintaining a broad appeal across multiple sectors underscores its operational versatility and technical expertise.

Competitive Position and Industry Significance

Myers Industries occupies a distinct position within the competitive landscape of material handling and distribution. Its longstanding market presence, coupled with a diversified product line, provides it with a competitive edge when addressing varied customer needs. The company differentiates itself through its blend of innovative design, manufacturing excellence, and broad application reach. By continuously adapting its product offerings to meet the evolving requirements of industries such as agriculture, automotive, and healthcare, Myers Industries has established itself as a dependable partner within the supply chains it serves.

Expertise and Market Impact

Demonstrating a deep understanding of both manufacturing processes and the operational demands of key sectors, Myers Industries has successfully integrated industry-specific innovations that resonate with contemporary market needs. The company’s focus on durable, reusable solutions has positioned it as an important contributor to cost-effective and efficient operations in markets that require reliability and prolonged product lifecycles. Through continuous advancements in material science and engineering, Myers Industries stands as a testament to the benefits of combining tradition with modern innovation.

Operational Philosophy and Strategic Relevance

Central to the operational philosophy of Myers Industries is a commitment to delivering high-performance, sustainable solutions that enhance operational efficiency across industries. The company prioritizes engineering excellence and product reliability, ensuring that every product is developed to withstand rigorous operational environments. This strategic approach not only bolsters the company’s reputation in the industrial sector but also reinforces its role in driving forward the evolution of material handling and distribution systems.

Conclusion

In summary, Myers Industries Inc (MYE) is an established entity in the manufacturing and distribution of polymer, metal, and rubber products. By offering a diversified portfolio that meets the stringent demands of material handling and distribution, the company plays a significant role across multiple high-impact markets. Its commitment to quality, innovation, and sustainability makes it a noteworthy subject of study for investors, industry analysts, and market researchers seeking an in-depth understanding of how robust manufacturing capabilities can drive operational success across various segments.

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Myers Industries, Inc. announces its participation in two upcoming investor conferences.
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Myers Industries, Inc. will report Q3 2023 financial results on November 1, 2023, before the market opens. A conference call will be held at 8:30 a.m. ET to review performance.
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Myers Industries, Inc. approves quarterly cash dividend of $0.135 per share.
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Myers Industries reports first quarter 2023 financial results, with net sales of $215.7 million, gross margin of 32.9%, and adjusted earnings per diluted share of $0.38. The company emphasizes gross margin expansion and increased cash flow generation. However, reduced demand for products serving the Recreational Vehicle end market and high-quality, high-dollar discretionary purchases for consumers remains a challenge. The Distribution segment shows promise with the acquisition of Mohawk Rubber.
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Myers Industries, Inc. (NYSE: MYE) will report its first quarter financial results for the period ended March 31, 2023, on May 4, 2023, before market opens. A conference call will follow at 8:00 a.m. Eastern Time the same day to discuss its performance. Interested investors can access the call at 1-833-630-1956 for toll-free or 1-412-317-1837 for international participation. A live webcast is also available through their website.

Myers Industries is a prominent manufacturer of polymer and metal products across various markets, including industrial and automotive sectors. Additionally, it leads in distributing tools and equipment for the tire and wheel service industry in the U.S.

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Myers Industries (NYSE: MYE) appointed Grant E. Fitz as Executive Vice President and Chief Financial Officer, effective May 8, 2023. With over 30 years of financial experience, Fitz will oversee the finance organization, including accounting, financial planning, and investor relations. President and CEO Mike McGaugh praised Fitz's ability to drive growth and execute strategies, while thanking interim CFO Monica Vinay for her leadership. Fitz previously served as CFO of EFI and held executive roles at Valassis, Xerox, and General Motors. The company aims to further its operational and financial excellence under his leadership.

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Myers Industries, Inc. (NYSE: MYE) has declared a quarterly cash dividend of $0.135 per share, set for payment on April 4, 2023. Shareholders of record as of March 16, 2023 will receive this dividend. The company is recognized as a leading manufacturer of polymer and metal products across various markets and is the largest distributor of tire and automotive service tools in the U.S.

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FAQ

What is the current stock price of Myers Inds (MYE)?

The current stock price of Myers Inds (MYE) is $12.31 as of April 1, 2025.

What is the market cap of Myers Inds (MYE)?

The market cap of Myers Inds (MYE) is approximately 456.3M.

What are the primary business segments of Myers Industries?

Myers Industries operates through a Material Handling segment focused on manufacturing reusable plastic and metal products, and a Distribution segment that handles tire retread and repair products along with related equipment.

Which industries does Myers Industries primarily serve?

The company serves a broad range of markets including agriculture, food and beverage, industrial and retail, healthcare, marine, recreational, and military sectors.

How does Myers Industries contribute to sustainability?

By manufacturing reusable plastic containers, pallets, and storage systems, Myers Industries offers cost-effective alternatives to disposable packaging, thereby reducing waste and environmental impact.

What types of products does the Material Handling segment produce?

This segment produces a variety of reusable products such as bulk boxes, storage bins, pallets, metal shelving systems, and specialized tanks for fuel, water, and waste handling.

How does the Distribution segment support its customers?

The Distribution segment supplies vital tools, equipment, and supplies for tire, wheel, and under-vehicle services which are essential for automotive and commercial repair operations.

What role does engineering excellence play in Myers Industries' operations?

Engineering excellence is central to the company, guiding the design, development, and manufacturing of products that meet high durability and performance standards required by diverse industries.

How does Myers Industries differentiate itself from competitors?

The company differentiates itself through its long-standing expertise, diversified product portfolio, and commitment to innovation and quality in manufacturing durable, reusable solutions.

What is the significance of polymer products in the company’s portfolio?

Polymer products are foundational to Myers Industries as they form the core of their reusable containers and structural components, driving cost efficiency and sustainability across multiple market segments.
Myers Inds

NYSE:MYE

MYE Rankings

MYE Stock Data

456.32M
36.65M
1.71%
91.14%
2.04%
Packaging & Containers
Plastics Products, Nec
Link
United States
AKRON