Stock Data
$0.20 (0.60%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
PACKAGING & CONTAINERS
Myers Industries Inc, based in Akron, Ohio, specializes in the distribution and manufacturing of a wide range of products for various industries. Its offerings include pallets, bins, bulk containers, and custom plastic products for sectors like industrial manufacturing, food processing, and healthcare. Additionally, it provides tools, equipment, and supplies for tire and vehicle service, catering to dealers, fleets, and repair centers. With brands like Akro-Mils and Myers Tire Supply, Myers Industries serves customers directly and through distributors, emphasizing innovation and quality in its solutions.
Myers Industries smashed earnings with a 47% EPS beat as margin expansion from its Focused Transformation program offset a deliberate retreat from low-margin products, while Infrastructure surged 52% year-over-year. Gross margins widened 300 basis points to 34.3% and operating income jumped 56% despite 14.5% revenue decline.
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