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Myers Industries, Inc. reports company news tied to its role as a manufacturer of sustainable plastic and metal products for Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket end markets. Its Products that Protect portfolio includes durable products and solutions used in material handling, storage, organization, OEM applications, and related industrial uses.
Recurring developments include quarterly and annual earnings, single-segment financial reporting, focused transformation initiatives, manufacturing cost actions, cash flow and leverage updates, dividends, annual meeting matters, and board composition. Company updates also address changes in financial presentation, end-market demand, raw material and production-cost risks, and governance actions approved by shareholders or the board.
Myers Industries, Inc. (NYSE: MYE) announced that CEO Mike McGaugh will present at the Baird 2020 Global Industrial Conference on November 12, 2020, from 9:05 – 9:35 a.m. EST. The virtual conference will include a presentation on the company's strategy, followed by one-on-one meetings with management. Myers Industries is a leading manufacturer of polymer products and the largest distributor of tools and supplies in the tire, wheel, and under-vehicle service industry in the U.S.
Myers Industries (NYSE: MYE) reported a strong performance for Q3 2020, with net sales increasing by 5.4% to $132.3 million and gross margin rising to 35.6%. GAAP income per diluted share rose to $0.24 from $0.15 in Q3 2019, while adjusted income per diluted share was $0.30. The company unveiled a multi-phased strategic vision aimed at organic growth and operational excellence. However, it has revised 2020 revenue expectations to a low-to-mid single-digit decline, reflecting a cautious outlook for Q4. The company's focus is on strengthening through enhanced customer-centric innovations.
Myers Industries, Inc. (NYSE: MYE) has announced a quarterly cash dividend of $0.135 per share, scheduled for payment on January 5, 2021, to shareholders of record as of December 7, 2020. This dividend reflects the company's ongoing commitment to providing returns to its shareholders. Myers Industries is a manufacturer of polymer products catering to various markets, including industrial, agricultural, and automotive sectors.
Myers Industries (NYSE: MYE) has joined the Alliance to End Plastic Waste, a global nonprofit aimed at eliminating plastic waste. This partnership includes nearly fifty companies from the plastics value chain, focusing on infrastructure, innovation, education, and cleanup efforts. CEO Mike McGaugh emphasized the company's commitment to shaping future projects that recover and eliminate plastic waste. The Alliance aims to develop solutions to prevent environmental contamination and promote a circular economy.
Myers Industries, Inc. (NYSE: MYE) will announce its financial results for Q3 2020 on October 29, 2020, before market opening. A conference call will take place at 8:30 a.m. ET on the same day to discuss the results. Investors can register for the call online or access a live webcast through the company's website. A replay of the teleconference will be available until November 5, 2020. Myers Industries is a leading manufacturer of polymer products and the top distributor of service tools and supplies in the U.S.