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) is an Akron, Ohio-based manufacturer of sustainable plastic and metal products serving Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket end markets. The MYE news feed on Stock Titan aggregates company press releases, earnings announcements, and other public updates that reflect how this diversified industrial business is evolving.
Investors and followers of Myers Industries can use the news stream to monitor developments in its Material Handling and Distribution segments, including performance in key end markets and updates on brands such as Akro-Mils, Buckhorn, Jamco, Scepter, Signature Systems, and Tuff Series. News items also highlight activities at subsidiaries like Elkhart Plastics, which produces Connect-A-Dock floating dock systems and related accessories.
Typical MYE news coverage includes quarterly and annual earnings releases, segment and end-market commentary, dividend declarations, and information about strategic initiatives. Recent communications have discussed a Focused Transformation program, a strategic review of the Myers Tire Supply business in the Automotive Aftermarket Distribution segment, and actions such as consolidating rotational molding production capacity and targeting cost savings in selling, general and administrative expenses.
Corporate governance and leadership updates are also part of the Myers Industries news flow, including board appointments and executive leadership changes, as reported in Current Reports on Form 8-K and accompanying press releases. Product and brand news, such as the launch of new accessories within the Connect-A-Dock line, provide additional insight into how Myers Industries expands and refines its product offerings.
By reviewing the MYE news page, readers can follow how Myers Industries communicates its financial results, portfolio decisions, and product developments across the diverse end markets it serves.
Myers Industries (NYSE: MYE) reported Q2 2024 results with net sales of $220.2 million, up 5.7% year-over-year. Net income was $10.3 million, slightly down from $10.6 million in Q2 2023. Adjusted EBITDA increased significantly to $38.9 million, compared to $24.7 million last year. The company's gross margin improved to 34.3%, up 150 basis points.
Despite strong performance from Signature Systems, Myers lowered its full-year guidance due to continued demand pressure in Recreational Vehicle, Marine, and Automotive Aftermarket end markets. The company now expects adjusted EPS of $1.05 - $1.20 for 2024. Myers is executing cost reduction initiatives, including facility consolidations, targeting $7M-$9M in annualized savings by 2025.
Myers Industries (NYSE: MYE) will release its Q2 2024 financial results on August 1, 2024, before the market opens. A conference call to review the performance is scheduled for the same day at 8:30 a.m. Eastern Time. Investors can register for the call or access a live webcast through the company's website. An archived replay will be available shortly after the call. Myers Industries is a leading manufacturer of polymer products and the largest distributor of tools and supplies for the tire and under-vehicle service industry in the U.S.
Myers Industries (NYSE: MYE) has announced its reporting date and conference call for 2024 second quarter results. The company will release financial results on Thursday, August 1, 2024, before the market opens, followed by a conference call at 8:30 a.m. Eastern Time.
Investors and analysts can access the call by registering through a provided participation link. Alternatively, a live webcast will be available on the company's website. An archived replay of the call will be accessible shortly after the event, with dial-in numbers provided for telephone replay.
Myers Industries is a leading manufacturer of polymer products for various markets and the largest distributor of tools and equipment for the tire and vehicle service industry in the U.S.
Myers Industries (NYSE: MYE) has announced a quarterly cash dividend of $0.135 per share.
This dividend will be payable on July 5, 2024, to shareholders of record as of June 18, 2024.
Myers Industries is a prominent manufacturer of polymer and metal products for various markets, including industrial, agricultural, automotive, and consumer sectors.
The company is also the largest U.S. distributor of tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry.
Myers Industries Inc. announced first quarter 2024 results with net sales of $207.1 million, GAAP gross margin of 31.0%, and adjusted earnings per diluted share of $0.21. The newly acquired Signature Systems delivered strong results due to Infrastructure tailwinds. Management maintains full-year outlook at lower end of earnings-per-share range, focusing on EBITDA improvement and executing five-year roadmap.
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