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. 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 (NYSE: MYE) appointed Grant E. Fitz as Executive Vice President and Chief Financial Officer, effective May 8, 2023. With over 30 years of financial experience, Fitz will oversee the finance organization, including accounting, financial planning, and investor relations. President and CEO Mike McGaugh praised Fitz's ability to drive growth and execute strategies, while thanking interim CFO Monica Vinay for her leadership. Fitz previously served as CFO of EFI and held executive roles at Valassis, Xerox, and General Motors. The company aims to further its operational and financial excellence under his leadership.
Myers Industries, Inc. (NYSE: MYE) has declared a quarterly cash dividend of $0.135 per share, set for payment on April 4, 2023. Shareholders of record as of March 16, 2023 will receive this dividend. The company is recognized as a leading manufacturer of polymer and metal products across various markets and is the largest distributor of tire and automotive service tools in the U.S.
Myers Industries (NYSE: MYE) reported robust financial performance for Q4 and the full year 2022, highlighting significant growth. Q4 net sales reached $213 million, a 7% increase year-over-year, while full-year sales totaled $900 million, an 18% rise. GAAP EPS for Q4 was $0.36, up 80%, with adjusted EPS at $0.32, a 39% increase. The company generated $22 million in cash flow from operations. Notable acquisitions in 2022 strengthened its Distribution and Material Handling segments. For 2023, Myers anticipates low-to-mid single-digit sales growth and diluted EPS between $1.51 and $1.81.
Myers Industries, Inc. (NYSE: MYE) will disclose its financial results for the fourth quarter and full year ended December 31, 2022, on March 1, 2023, before the market opens. The company will hold a conference call at 8:30 a.m. ET the same day to discuss its performance. Investors can register for the call online or join via a live webcast on Myers’ website. Additionally, the Annual Meeting of Shareholders is scheduled for April 27, 2023, at 9:00 a.m. ET, with a record date of March 3, 2023. The meeting will be accessible through an audio webcast as well. Myers Industries is a leading manufacturer of polymer and metal products across various markets.
Myers Industries, Inc. (NYSE: MYE) reported third-quarter results for 2022, showing record financial performance with net sales of $228.1 million, a 14% increase year-over-year. Earnings per diluted share surged 68% to $0.37. Adjusted EBITDA rose 57% to $27.2 million, with cash flow from operations increasing to $16.5 million. The company raised its adjusted EPS outlook for 2022 to a range of $1.50 - $1.70. Despite inflationary pressures, effective price actions helped achieve these results, indicating robust business resilience and growth.
Myers Industries, Inc. (NYSE: MYE) has declared a quarterly cash dividend of $0.135 per share, set for payment on January 4, 2023. Shareholders of record as of December 5, 2022 will receive this dividend. Myers Industries is recognized for its diverse range of polymer and metal products serving various markets including industrial and agricultural. Additionally, it holds a significant position in tool and equipment distribution for the tire service industry in the U.S.
Myers Industries (NYSE: MYE), a leader in engineered plastics solutions, showcases its diverse product portfolio at Pack Expo, taking place from October 23-26, 2022 in Chicago, Illinois. Key offerings include reusable packaging solutions such as Intermediate Bulk Containers (IBC) and high-value storage options, designed for various industries including manufacturing and food processing. Vice President Jim Gurnee emphasizes the importance of in-person demonstrations to showcase product features and performance.
Myers Industries, Inc. (NYSE: MYE) is set to report its third quarter financial results for the period ending September 30, 2022, on October 27, 2022, prior to market opening. A conference call will follow at 8:30 a.m. Eastern Time, allowing investors and analysts to review the company's performance during the quarter. Interested parties can access the call via an online registration link or through a live webcast on the company's website. An archived replay will also be available shortly after the event.
Myers Industries, Inc. (NYSE: MYE) has declared a quarterly cash dividend of $0.135 per share, with the payment date set for October 4, 2022. Shareholders of record as of September 14, 2022 will receive this dividend. Myers Industries is a prominent manufacturer of polymer and metal products across various sectors, including industrial, agricultural, and automotive markets, and is the largest distributor of tools and equipment for tire and vehicle service in the U.S.
Myers Industries, Inc. (NYSE: MYE) reported record second-quarter results for 2022, achieving net sales of $233.2 million, a 24% increase from $187.4 million in 2021. Earnings per diluted share rose 43% to $0.43, supported by a 41% increase in adjusted EBITDA to $28.9 million. The company attributes success to strategic acquisitions and consistent pricing actions. As a result, the fiscal outlook for 2022 has been raised, with projected net sales growth in the high teens and adjusted EPS ranging from $1.40 to $1.60, reflecting ongoing operational improvements.