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.
Myers Industries Inc
MYE at a Glance
- Market cap
- $1.1B
- P/E ratio
- 22.2
- Dividend yield
- 1.93%
- Revenue (TTM)
- $857.5M
- Profit margin
- 3.3%
- EPS (TTM)
- $1.29
- 52-week range
- $16 – $37
- Street target
- $37.00
Headquartered in Akron, OH Fiscal year ends December NYSE: MYE myersindustries.com
About Myers Industries
Myers Industries Inc. (NYSE: MYE) manufactures plastic and metal protective products, marketed as Products that Protect, for five end markets.
- Industrial (39% of trailing-twelve-month sales): Akro-Mils, Buckhorn and Jamco containers, organizational bins, totes, carts and cabinets; Scepter military ammunition containers; and OEM parts for general industrial equipment.
- Infrastructure (24%): Signature Systems ground protection matting for construction, industrial sites and event venues.
- Vehicle (13%): RV, marine and automotive components.
- Consumer (12%): Scepter fuel containers and outdoor furniture and equipment.
- Food & Beverage (12%): Buckhorn seed boxes, intermediate bulk containers and Tuff Series bulk containers for agricultural and chemical customers.
In the third quarter of 2026 the company completed the sale of its Myers Tire Supply distribution business, now reported as discontinued operations, to focus on core specialty engineered products. It is pursuing a Focused Transformation program aimed at commercial excellence, cost savings and operational productivity. Resin is a key raw material input. Updated
Frequently Asked Questions
What does Myers Industries do?
Myers Industries Inc. (NYSE: MYE) manufactures plastic and metal protective products, marketed as Products that Protect, for five end markets. - Industrial (39% of trailing-twelve-month sales): Akro-Mils, Buckhorn and Jamco containers, organizational bins, totes, carts and cabinets; Scepter military ammunition…
What is the MYE stock price target?
The Wall Street consensus 12-month price target for MYE is $37.00.