Welcome to our dedicated page for Myers Industries news (Ticker: MYE), a resource for investors and traders seeking the latest updates and insights on Myers Industries stock.
Myers Industries, Inc., founded in 1933 in Akron, Ohio, is a leading manufacturer of polymer products for material handling and a distributor of tire retread and repair products. Serving diverse markets from agriculture to medical and automotive to commercial, Myers Industries operates under two key segments: Material Handling and Distribution.
In the Material Handling segment, Myers Industries is renowned for its reusable boxes, bins, and pallets that replace disposable packaging, thus reducing waste and cost. The company also supplies fuel, waste, and water tanks for various applications, including marine, RV, and military. Notable products in this segment include plastic reusable bulk boxes, storage bins, metal shelving systems, and portable fuel containers.
The Distribution segment focuses on tools, equipment, and supplies essential for tire, wheel, and under-vehicle services. This division caters to a wide range of vehicles from passenger cars to heavy trucks and off-road vehicles.
Myers Industries' innovative solutions serve key markets such as agriculture, food and beverage, industrial, retail, consumer distribution, healthcare, manufacturing, marine, and recreational vehicles. With a diversified portfolio and a commitment to quality, the company continues to expand its footprint and impact across North America.
Recent achievements highlight Myers Industries' strategic initiatives and growth. The company's ongoing projects and partnerships reflect its dedication to innovation and sustainability in the manufacturing sector. As of the latest reports, Myers Industries generates the majority of its revenue from the Material Handling segment, showcasing its strength and expertise in this area.
For those seeking the latest updates and relevant information about Myers Industries, including performance, events, and developments, keeping an eye on recent news and financial reports is essential.
Myers Industries, Inc. (NYSE: MYE) will report its financial results for Q1 2022 on May 5, 2022, before the market opens. A conference call to discuss the performance will occur at 8:30 a.m. ET on the same day. Investors can join the call via online registration or through a live webcast on the company's website. An archived replay will be available shortly after the event. Myers Industries is a leading manufacturer of polymer products and a major distributor of tools for the tire and under-vehicle service industry in the U.S.
Myers Industries, Inc. (NYSE: MYE) announced price increases effective April 18, 2022, affecting a majority of its Material Handling Segment products. This decision is primarily driven by record inflation and escalating costs in raw materials, freight, energy, fuel, labor, and corrugated packaging. The company's portfolio includes brands such as Akro-Mils and Scepter. The price hike aims to offset increased operational costs and maintain profitability amid challenging economic conditions.
Myers Industries, Inc. (NYSE: MYE) reported a 45% increase in fourth-quarter net sales to $199.6 million, driven by strong organic growth of 28%. For the full year, net sales rose 49% to $761.4 million. Despite a 150% increase in quarterly net income per diluted share to $0.20, annual net income per diluted share decreased by 10% to $0.92, affected by prior-year sales from an asset sale. Adjusted EBITDA for Q4 grew 55% to $17.6 million. The company anticipates strong revenue growth and profitability for fiscal 2022, projecting higher sales and earnings per share, supported by acquisitions and operational strategies.
Myers Industries, Inc. (NYSE: MYE) has announced a quarterly cash dividend of $0.135 per share. This dividend is payable on April 4, 2022 to shareholders who are on record as of March 17, 2022. This decision reflects the company's ongoing commitment to returning value to shareholders while maintaining a strong financial position in the polymer products industry.
Myers Industries, Inc. (NYSE: MYE) has announced it will report its financial results for Q4 and the full year ending December 31, 2021, on March 10, 2022, before market open. A conference call for investors and analysts will follow at 8:30 a.m. ET to discuss performance. The Company also scheduled its Annual Meeting of Shareholders virtually for April 28, 2022, at 9:00 a.m. ET, with a record date of March 4, 2022. Myers Industries is a leader in manufacturing polymer products across various markets and is the largest U.S. distributor of tire service equipment.
Myers Industries, Inc. (NYSE: MYE) has announced that President and CEO Mike McGaugh, along with CFO Sonal Robinson, will present at the Baird 2021 Global Industrial Conference. The virtual presentation is scheduled for November 11, 2021, from 11:25 to 11:55 a.m. EST. They will discuss the company's strategy and hold one-on-one meetings afterward. Myers Industries is a leading manufacturer of polymer products across various sectors and the largest U.S. distributor of tire and under-vehicle service tools.
Myers Industries (NYSE: MYE) reported a 51.3% increase in net sales for Q3 2021, totaling $200.1 million, driven by acquisitions and strong demand across various markets. However, net income per diluted share decreased to $0.22 from $0.24 year-over-year, reflecting inflationary pressures and margin compression due to rising raw material and labor costs. The company is committed to mitigating these challenges while maintaining high service levels. For 2021, net sales growth is expected to be in the mid-to-high 40% range.
Myers Industries, Inc. (NYSE: MYE) has approved a quarterly cash dividend of $0.135 per share. This dividend is scheduled to be paid on January 5, 2022, to shareholders on record as of December 6, 2021. Myers Industries is a prominent manufacturer of polymer products across various sectors, including industrial, agricultural, automotive, and consumer markets. It also stands as the largest distributor of tools and equipment for the service industry in the U.S.
Myers Industries, Inc. (NYSE: MYE) announced it will release its third quarter financial results for the period ending September 30, 2021, on November 4, 2021, before market opening. A conference call to discuss these results will occur the same day at 8:30 a.m. Eastern Time. Investors can register for the call or access a live webcast via the company’s website. A replay will be available until November 11, 2021. Myers Industries is a key manufacturer of polymer products and tool supplies for various markets in the U.S.
Myers Industries, Inc. (NYSE: MYE) has declared a quarterly cash dividend of $0.135 per share, scheduled for payment on October 4, 2021. Shareholders of record as of September 13, 2021 will receive this dividend. Myers Industries is recognized for its diverse range of polymer products across various sectors and is the top distributor of tools and supplies for the tire and automotive service industry in the U.S.
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