Myers Industries Q3 2026: Revenue Beat Masked by a Margin Hit
As seen on the 24/7 Wall St. homepage on October 29, 2026.
A resin cost spike knocked gross margin down 380 basis points, and earnings missed expectations even as revenue topped them. CEO Aaron Schapper says resin has since declined and stabilized while pricing actions stay in place, pointing to sequential margin recovery in the fourth quarter.
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Myers Industries beat on revenue in Q3 2026, but adjusted earnings per share of $0.32 came in missing expectations as resin costs compressed gross margin. The cost side, not demand, is what investors are paying for here.
Margin pressure dominated the quarter: higher volumes and pricing actions could not offset the resin cost surge, and adjusted EBITDA slipped 8.2%. A loss from discontinued operations tied to the sale of Myers Tire Supply weighed further on the bottom line.
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Infrastructure revenue jumped 38%, anchored by Signature Systems matting, and Food and Beverage also grew. Those segments are carrying growth while the company absorbs input costs.
CEO Aaron Schapper said resin costs have declined and stabilized from their recent peak with pricing actions still in place, and management expects significant sequential margin improvement in Q4. The vehicle end market outlook has been cut to down, while Infrastructure and Food and Beverage are flagged for strong growth.
Mentioned: MYE