Myers Inds Stock Price, News & Analysis

Myers Industries (NYSE: MYE) has appointed Samantha Rutty as Executive Vice President and Chief Financial Officer, effective September 22, 2025. Rutty, 44, brings over two decades of finance leadership experience from global services and manufacturing companies.

Rutty joins Myers from The Brink's Company, where she served as VP and CFO of Brink's North America since November 2022. Previously, she spent 20 years at Eaton Corporation in various senior finance roles. She holds an MBA from Western Michigan University and succeeds Daniel Hoehn, who has served as interim CFO since May 2, 2025. Hoehn will continue as Vice President and Corporate Controller.

Myers Industries (NYSE: MYE), a leading manufacturer of sustainable plastic and metal products, has declared a quarterly cash dividend of $0.135 per share. The dividend will be payable on October 2, 2025, to shareholders of record as of September 12, 2025.

The company, based in Akron, Ohio, serves multiple end markets including Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket segments. Myers Industries has built its reputation on strong brands and innovative products, establishing itself as a diversified industrial leader through continuous product development and strategic acquisitions.

Myers Industries (NYSE:MYE) reported Q2 2025 results with net sales decreasing 4.8% to $209.6 million, while net income declined 5.6% to $9.7 million. The company announced three strategic initiatives: a strategic review of Myers Tire Supply business (with LTM revenue of $189M), the idling of two rotational molding facilities in Ohio, and progress toward $20 million in cost savings by end-2025.

Q2 highlights include significant free cash flow improvement to $24.7 million, up $14.8M year-over-year. The Material Handling segment saw operating income increase 2.7%, while Distribution segment performance declined. The company maintains strong liquidity of $281 million and reduced total debt by $13 million, achieving a net leverage ratio of 2.8x.

Myers Industries (NYSE:MYE) subsidiary Elkhart Plastics has launched the Schwig's Garden Box™, a new modular dock accessory designed for the Connect-A-Dock® 2000 Series floating dock system. The innovative product features a 20-cubic-foot capacity floating, raised-bed design that enables dock owners to grow plants and vegetables directly on their waterfront.

The Garden Box, developed in partnership with Schwig Outdoors, serves both residential and commercial applications, offering potential for transforming public shorelines, retention basins, and floodplains into green spaces. The product is now available through Connect-A-Dock's dealer network.

Myers Industries (NYSE: MYE) has scheduled its second quarter 2025 financial results announcement for Thursday, July 31, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results.

Participants can join through online registration or access a live webcast via the company's investor relations website. A replay will be available by dialing 1-929-458-6194 (Local) or 1-866-813-9403 (Toll-Free) with access code 139592.

Myers Industries (NYSE: MYE) has declared a quarterly cash dividend of $0.135 per share, demonstrating its commitment to shareholder returns. The dividend will be paid on July 3, 2025, to shareholders of record as of June 18, 2025. Myers Industries, headquartered in Akron, Ohio, is a prominent manufacturer of sustainable plastic and metal products serving various end markets including consumer, vehicle, food & beverage, industrial, infrastructure, and automotive aftermarket sectors. The company has built its reputation on strong brands, innovative products, and strategic acquisitions to become a leading diversified industrial company.

Elkhart Plastics, a Myers Industries (MYE) company, has launched the new E-Series, expanding its TUFF line of Intermediate Bulk Containers (IBCs). Manufactured in Middlebury, Indiana, the E-Series is designed for secure liquid handling across various industrial applications including chemical manufacturing, waste management, and water treatment. The product features a durable rotomolded base, 99.9% drainage efficiency, and a TUFF LinQ® Outlet Valve Connection that's 30% stronger than comparable brands. Unlike traditional single-use IBCs, this reusable solution aims to reduce packaging waste and long-term costs while providing superior protection for regulated and non-regulated liquid materials.

Elkhart Plastics, a Myers Industries (MYE) subsidiary, has launched new Vertical Water Storage Tanks, marking its entry into the water storage market. The tanks, designed for commercial and residential use, are available in four capacities: 1,000, 1,500, 2,500, and 3,000 gallons, with more sizes planned.

The tanks feature UV-resistant, FDA-approved high-density polyethylene construction with a 10-year limited warranty. Key design elements include multiple connection points, dual manway lids, integrated air bleeds, and reinforced tank tops. The products serve various applications including crop irrigation, livestock care, manufacturing processes, and fire suppression.

The tanks can be purchased directly from Elkhart or through their dealer network.

Myers Industries (NYSE: MYE) reported improved Q1 2025 financial results despite flat sales. Net sales slightly decreased by 0.2% to $206.7 million, while net income nearly doubled to $6.8 million. Gross profit increased 7.5% to $69.1 million, and earnings per share doubled to $0.18. The company's Material Handling segment showed strong performance with a 3.6% sales increase, while Distribution segment sales declined 10.3%. Myers activated a $10 million share repurchase program, buying back $1 million in shares during Q1. The company maintains a strong domestic manufacturing presence, with 15 U.S. facilities expected to produce over 90% of Material Handling segment revenue in 2025. Total liquidity stood at $267 million with a net leverage ratio of 2.8x.