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Myers Industries, Inc. - MYE STOCK NEWS

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.

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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.

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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.

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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.

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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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Scepter introduces Powered Fueling Station, a professional-grade mobile refueling container that simplifies refueling with the flip of a switch. The 14-gallon container is fast, smart, and mobile, equipped with a high-quality fuel pump, intuitive features, and robust wheel treads. Certified by the Department of Transportation, it aims to minimize refueling downtime and empower consumers at work and home.
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Myers Industries, Inc. (NYSE: MYE) will report its first-quarter 2024 financial results on May 7, 2024, followed by a conference call at 8:30 a.m. Eastern Time. Investors and analysts can access the call online or via a live webcast on the Company's website.
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Myers Industries, Inc. to host 2024 Investor Day event outlining strategic growth plans and future outlook through fiscal year 2026. The event will focus on the Three Horizon Strategy, transitioning to Horizon Two, and long-term vision for the Company.
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Myers Industries, Inc. announces solid operating performance driven by Self-Help Initiatives and Myers Business System. The company expects improved profitability in Fiscal Year 2024. Despite cyclical headwinds, 2023 saw progress with top years in adjusted earnings per share, adjusted EBITDA, and revenue. Financial highlights include net sales of $191.1 million in Q4 2023, $813.1 million in full year 2023, and cash flow improvements. Acquisition of Signature Systems enhances long-term growth prospects.
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Myers Industries, Inc. (MYE) declares a quarterly cash dividend of $0.135 per share for shareholders, payable on April 4, 2024.
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Myers Industries, Inc. has completed the acquisition of Signature Systems, strengthening its portfolio of market-leading brands and enhancing its margin and EPS growth profiles. The $350 million cash transaction was funded through an amendment and restatement of Myers' existing loan agreement, with a $400 million 5-year senior secured term loan A being added. The acquisition is expected to deliver double-digit EPS accretion and $8 million of run-rate synergies by 2025, with the Company's net leverage ratio at approximately 3.0x, within management's target range. Pro forma for the acquisition, Signature Systems' financial results are expected to be included within Myers' Material Handling segment. The transaction is expected to be neutral to slightly dilutive to US GAAP EPS in fiscal year 2024 but is anticipated to deliver EPS accretion of $0.20 to $0.30 in 2025 and $0.40 to $0.50 in 2026, with additional meaningful EPS accretion beyond 2026. Moelis & Company LLC served as the exclusive financial advisor to Myers with respect to the transaction, while Vorys, Sater, Seymour and Pease LLP and Davis Polk & Wardwell LLP provided legal counsel.
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FAQ

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

The current stock price of Myers Industries (MYE) is $11.85 as of December 6, 2024.

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

The market cap of Myers Industries (MYE) is approximately 449.0M.

What does Myers Industries, Inc. do?

Myers Industries manufactures polymer products for material handling and distributes tire retread and repair products.

What are the key segments of Myers Industries?

The key segments are Material Handling and Distribution.

Where is Myers Industries headquartered?

Myers Industries is headquartered in Akron, Ohio.

When was Myers Industries founded?

Myers Industries was founded in 1933.

What markets does Myers Industries serve?

Myers Industries serves markets including agriculture, medical, automotive, food and beverage, industrial, retail, healthcare, manufacturing, marine, and recreational vehicles.

What products are included in the Material Handling segment?

The Material Handling segment includes reusable boxes, bins, pallets, fuel tanks, water tanks, and portable fuel containers.

What does the Distribution segment of Myers Industries offer?

The Distribution segment offers tools, equipment, and supplies for tire, wheel, and under-vehicle services.

What recent achievements has Myers Industries accomplished?

Recent achievements include strategic initiatives and growth in the company's market presence and product innovation.

Where can I find the latest news about Myers Industries?

You can find the latest news and updates on Myers Industries' official website and financial news platforms.

Which segment generates the majority of Myers Industries' revenue?

The Material Handling segment generates the majority of Myers Industries' revenue.

Myers Industries, Inc.

NYSE:MYE

MYE Rankings

MYE Stock Data

448.98M
36.61M
1.73%
93.22%
2.99%
Packaging & Containers
Plastics Products, Nec
Link
United States of America
AKRON