Myers Industries Announces 2026 Second Quarter Results

Myers Industries Announces 2026 Second Quarter Results July 30, 2026 EPS From Continuing Operations of $0.50 and Adjusted EPS of $0.53 Grew 92.3% and 60.6% Year-over-year Respectively Revenue Grew 9.8% as Focused Transformation Initiatives are Driving Commercial Excellence and Improved Financial Metrics Operating Income Margin of 17.4% and Adjusted EBITDA Margin of 21.8% Expanded 520 bps and 350 bps Year-over-year Respectively Free Cash Flow of $26.5 Million, up 10.5% vs First Quarter Capital Investment in Europe Reinforces Myers’ Commitment to Protect our Troops and Positions the Company for Military Product-Line Growth Myers Industries Inc. (NYSE: MYE), a leading manufacturer of Products that Protect™, today announced results for the second quarter ended June 30, 2026. Myers Industries President and CEO Aaron Schapper commented, “Our second quarter results reflect continued execution against our Focused Transformation initiatives and the disciplined actions we have taken to improve the quality of the business. We posted outstanding revenue growth, expanded profitability, generated strong cash flow, and remain focused on serving our customers. The results we have achieved through the first half of 2026, combined with our simplified portfolio, operational improvements and growth investments, position us to sustain our momentum and strengthen our confidence to continue delivering consistent financial performance and long-term value for our shareholders.” Second Quarter 2026 Financial Summary Quarter Ended June 30, (Dollars in thousands, except per share data) 2026 2025 % Inc (Dec) Net sales $ 179,202 $ 163,232 9.8 % Gross profit $ 61,463 $ 51,053 20.4 % Gross margin 34.3 % 31.3 % +300 bps Operating income $ 31,172 $ 19,839 57.1 % Operating income margin 17.4 % 12.2 % +520 bps Income from continuing operations $ 18,749 $ 9,617 95.0 % Income per diluted share from continuing operations $ 0.50 $ 0.26 92.3 % Adjusted operating income $ 29,993 $ 20,539 46.0 % Adjusted operating income margin 16.7 % 12.6 % +410 bps Adjusted income from continuing operations $ 20,108 $ 12,189 65.0 % Adjusted income per diluted share from continuing operations $ 0.53 $ 0.33 60.6 % Adjusted EBITDA $ 39,057 $ 29,914 30.6 % Adjusted EBITDA margin 21.8 % 18.3 % +350 bps Revenue by end market Quarter Ended June 30, 2026 2025 % Inc (Dec) Industrial 66,295 65,311 2% Infrastructure 48,589 32,018 52% Consumer 22,504 26,121 (14%) Food & Beverage 21,309 14,359 48% Vehicle 20,505 25,423 (19%) Net sales increased 13% excluding the impact from our decision to exit approximately $5 million low-margin products with the idling of two rotational molding facilities in the fourth quarter of 2025. Infrastructure grew 52% and Food & Beverage grew 48%, offset by soft Vehicle and Consumer demand, down 19% and 14%, respectively.Gross profit and Operating income increased due to improved volume and mix, price, and lower manufacturing costs from our Focused Transformation program, which collectively more than offset higher material costs. Balance Sheet & Cash Flow Total liquidity was $292.3 million, including $244.7 million of availability under the revolving credit facility and $47.6 million in cash on hand.On July 28, 2026, the company amended its credit agreement to refinance its existing credit facilities with a new $250 million Revolving Credit Facility and a new $250 million Term Loan. Maturity date of the revolver and the new Term Loan extended from 2027 and 2029 respectively, to 2031.Cash flow from operations was $32.1 million, free cash flow was $26.5 million, and capital expenditures were $5.6 million.Net debt as defined by the credit agreement was reduced by $21.2 million while the net leverage ratio improved to 1.9x from 2.2x in the previous quarter. 2026 End Market Outlook The following table presents the Company’s current 2026 outlook for each of its end markets. End Markets (% of TTM Sales as of June 30, 2026) 2026 Outlook* Industrial (40% of sales) Akro-Mils®, Buckhorn® & Jamco® containers, organizational bins, totes, carts and cabinets; Scepter® military ammunition containers; OEM parts for general industrial equipment Moderate growth Infrastructure (23% of sales) Signature Systems® ground protection matting for construction, industrial sites, and event venues Strong growth Vehicle (13% of sales) RV, marine, and automotive components Stable Consumer (12% of sales) Scepter® fuel containers; outdoor furniture and equipment Stable, affected by normal level of storm response Food & Beverage (12% of sales) Buckhorn® seed boxes, intermediate bulk containers, and Tuff Series bulk containers for agricultural and chemical customers Moderate growth *Excludes impact from exiting low-margin products and idling two rotational molding facilities in Q4 2025 Conference Call Details The Company will host an earnings conference call and webcast for investors and analysts on Thursday, July 30, 2026, at 10:00 a.m. ET. The call is anticipated to last one hour and may be accessed via live webcast or a replay, by visiting the Company's website www.myersindustries.com and clicking on the Investor Relations tab. An archived replay of the call will also be available shortly after the event. Use of Non-GAAP Financial Measures The Company uses certain non-GAAP measures in this release. Adjusted gross profit, adjusted gross margin, adjusted operating income (loss), adjusted operating income margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA margin, adjusted net income, adjusted earnings per diluted share (adjusted EPS), and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal Products that Protect™ for Consumer, Vehicle, Food & Beverage, Industrial, and Infrastructure end markets. Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, we have established ourselves as a leading diversified industrial company. We provide critical solutions to our customers, delivering exceptional value. Visit www.myersindustries.com to learn more. Caution on Forward-Looking Statements Statements in this release include “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” or variations of these words, or similar expressions. These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, these statements inherently involve a wide range of uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. The Company’s actual actions, results, and financial condition may differ materially from what is expressed or implied by the forward-looking statements. Specific factors that could cause such a difference on our business, financial position, results of operations and/or liquidity include, without limitation, raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world, including the impacts of U.S. and foreign tariff policies; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events; our ability to successfully execute our announced intended divestiture of the Myers Tire Supply business; and other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including without limitation, the risk factors disclosed in Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Given these factors, as well as other variables that may affect our operating results, readers should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company expressly disclaims any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them. M-INV Source: Myers Industries, Inc. MYERS INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Dollars in thousands, except share and per share data) Quarter Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net sales $ 179,202 $ 163,232 $ 343,782 $ 324,899 Cost of sales 117,739 112,179 225,774 223,627 Gross profit 61,463 51,053 118,008 101,272 Selling, general and administrative expenses 26,557 27,353 54,552 56,638 Depreciation and amortization 3,658 3,756 7,356 7,508 (Gain) loss on disposal of fixed assets 76 105 76 86 Operating income (loss) 31,172 19,839 56,024 37,040 Interest expense, net 6,267 7,364 12,959 14,750 Income (loss) from continuing operations before income taxes 24,905 12,475 43,065 22,290 Income tax expense (benefit) 6,156 2,858 10,517 5,485 Income (loss) from continuing operations 18,749 9,617 32,548 16,805 Income (loss) from discontinued operations, net of income tax 1,283 88 (14,344 ) (295 ) Net income (loss) $ 20,032 $ 9,705 $ 18,204 $ 16,510 Income (loss) per common share from continuing operations: Basic $ 0.50 $ 0.26 $ 0.87 $ 0.45 Diluted $ 0.50 $ 0.26 $ 0.86 $ 0.45 Income (loss) per common share from discontinued operations: Basic $ 0.03 $ — $ (0.38 ) $ (0.01 ) Diluted $ 0.03 $ — $ (0.38 ) $ (0.01 ) Net income (loss) per common share: Basic $ 0.53 $ 0.26 $ 0.49 $ 0.44 Diluted $ 0.53 $ 0.26 $ 0.48 $ 0.44 Weighted average common shares outstanding: Basic 37,551,351 37,391,097 37,480,205 37,345,032 Diluted 37,791,663 37,412,937 37,742,984 37,429,514 MYERS INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (Dollars in thousands) June 30, 2026 December 31, 2025 Assets Current Assets Cash $ 47,635 $ 40,514 Trade accounts receivable, net 108,713 95,435 Other accounts receivable, net 7,113 12,195 Inventories, net 77,018 67,559 Other current assets 4,651 9,816 Assets held for sale - current 68,415 55,940 Total Current Assets 313,545 281,459 Property, plant, & equipment, net 123,375 127,943 Right of use asset - operating leases 19,311 22,199 Goodwill and intangible assets, net 380,441 387,343 Other assets 8,368 8,230 Assets held for sale — 25,402 Total Assets $ 845,040 $ 852,576 Liabilities & Shareholders' Equity Current Liabilities Accounts payable $ 76,211 $ 51,270 Accrued expenses 46,906 49,722 Operating lease liability - short-term 5,980 5,974 Finance lease liability - short-term 667 645 Long-term debt - current portion 39,479 34,601 Liabilities held for sale - current 25,716 26,801 Total Current Liabilities 194,959 169,013 Long-term debt 272,402 311,210 Operating lease liability - long-term 13,374 16,130 Finance lease liability - long-term 7,007 7,349 Other liabilities 12,349 14,916 Deferred income taxes 38,581 37,727 Liabilities held for sale — 2,005 Total Shareholders' Equity 306,368 294,226 Total Liabilities & Shareholders' Equity $ 845,040 $ 852,576 MYERS INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Dollars in thousands) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Cash Flows From Operating Activities Net income (loss) $ 20,032 $ 9,705 $ 18,204 $ 16,510 Income (loss) from discontinued operations, net of income taxes 1,283 88 (14,344 ) (295 ) Income (loss) from continuing operations 18,749 9,617 32,548 16,805 Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used for) operating activities Depreciation and amortization 9,064 9,375 18,229 18,565 Amortization of deferred financing costs 642 540 1,306 1,080 Non-cash stock-based compensation expense 1,683 571 2,921 1,548 (Gain) loss on disposal of fixed assets 76 105 76 86 Other (227 ) (276 ) (2,734 ) 288 Cash flows provided by (used for) working capital Accounts receivable - trade and other, net 59 25,521 (8,500 ) 4,787 Inventories (11,816 ) 3,977 (9,744 ) (2,577 ) Prepaid expenses and other current assets 375 (5,376 ) 1,362 (4,943 ) Accounts payable and accrued expenses 13,466 (16,416 ) 23,327 2,275 Net cash provided by (used for) operating activities - continuing operations 32,071 27,638 58,791 37,914 Net cash provided by (used for) operating activities - discontinued operations, net 1,470 673 954 528 Net cash provided by (used for) operating activities 33,541 28,311 59,745 38,442 Cash Flows From Investing Activities Capital expenditures (5,606 ) (3,561 ) (8,380 ) (11,609 ) Proceeds from sale of property, plant, and equipment 1,180 85 1,595 161 Net cash provided by (used for) investing activities - continuing operations (4,426 ) (3,476 ) (6,785 ) (11,448 ) Net cash provided by (used for) investing activities - discontinued operations, net (116 ) (46 ) (329 ) (81 ) Net cash provided by (used for) investing activities (4,542 ) (3,522 ) (7,114 ) (11,529 ) Cash Flows From Financing Activities Net borrowings (repayments) on revolving credit facility — (8,000 ) — 5,000 Repayments of Term Loan A (20,000 ) (5,000 ) (35,000 ) (10,000 ) Payments on finance lease (161 ) (155 ) (321 ) (309 ) Cash dividends paid (5,192 ) (5,066 ) (10,339 ) (10,383 ) Proceeds from issuance of common stock 329 278 621 573 Shares withheld for employee taxes on equity awards (63 ) (57 ) (739 ) (885 ) Repurchase of common stock — (507 ) — (1,515 ) Net cash provided by (used for) financing activities - continuing operations (25,087 ) (18,507 ) (45,778 ) (17,519 ) Net cash provided by (used for) financing activities - discontinued operations, net — — — — Net cash provided by (used for) financing activities (25,087 ) (18,507 ) (45,778 ) (17,519 ) Foreign exchange rate effect on cash 485 (294 ) 893 (326 ) Net increase (decrease) in cash - continuing operations 3,043 5,361 7,121 8,621 Beginning Cash 44,592 31,886 40,514 28,626 Ending Cash $ 47,635 $ 37,247 $ 47,635 $ 37,247 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED GROSS PROFIT, ADJUSTED OPERATING INCOME, ADJUSTED EBITDA AND FREE CASH FLOW (UNAUDITED) (Dollars in thousands) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Adjusted gross profit reconciliation: Gross profit $ 61,463 $ 51,053 $ 118,008 $ 101,272 Restructuring expenses and other adjustments 626 388 1,262 496 Adjusted gross profit $ 62,089 $ 51,441 $ 119,270 $ 101,768 Adjusted operating income (loss) reconciliation: Operating income (loss) $ 31,172 $ 19,839 $ 56,024 $ 37,040 Restructuring expenses and other adjustments 858 2,290 1,511 3,507 Acquisition non-income tax reserve release (2,037 ) — (2,037 ) — Pension termination — 1,585 — 1,585 Recovery of purchased credit deteriorated assets — (3,175 ) — (3,175 ) Environmental reserves, net — — 400 — Adjusted operating income (loss) $ 29,993 $ 20,539 $ 55,898 $ 38,957 Adjusted EBITDA reconciliation: Income (loss) from continuing operations $ 18,749 $ 9,617 $ 32,548 $ 16,805 Income tax expense (benefit) 6,156 2,858 10,517 5,485 Interest expense, net 6,267 7,364 12,959 14,750 Operating income (loss) 31,172 19,839 56,024 37,040 Depreciation and amortization 9,064 9,375 18,229 18,565 Restructuring expenses and other adjustments 858 2,290 1,511 3,507 Acquisition non-income tax reserve release (2,037 ) — (2,037 ) — Pension termination — 1,585 — 1,585 Recovery of purchased credit deteriorated assets — (3,175 ) — (3,175 ) Environmental reserves, net — — 400 — Adjusted EBITDA $ 39,057 $ 29,914 $ 74,127 $ 57,522 Free cash flow reconciliation: Net cash provided by (used for) operating activities - continuing operations $ 32,071 $ 27,638 $ 58,791 $ 37,914 Capital expenditures (5,606 ) (3,561 ) (8,380 ) (11,609 ) Free cash flow $ 26,465 $ 24,077 $ 50,411 $ 26,305 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED INCOME (LOSS) FROM CONTINUING OPERATIONS AND ADJUSTED INCOME (LOSS) PER DILUTED SHARE FROM CONTINUING OPERATIONS (UNAUDITED) (Dollars in thousands, except per share data) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Adjusted income (loss) from continuing operations reconciliation: Income (loss) from continuing operations $ 18,749 $ 9,617 $ 32,548 $ 16,805 Income tax expense (benefit) 6,156 2,858 10,517 5,485 Income (loss) before income taxes 24,905 12,475 43,065 22,290 Restructuring expenses and other adjustments 858 2,290 1,511 3,507 Acquisition non-income tax reserve release (2,037 ) — (2,037 ) — Pension termination — 1,585 — 1,585 Recovery of purchased credit deteriorated assets — (3,175 ) — (3,175 ) Intangible amortization 3,265 3,296 6,530 6,592 Environmental reserves, net — — 400 — Adjusted income (loss) before income taxes 26,991 16,471 49,469 30,799 Income tax expense, as adjusted(1) (6,883 ) (4,282 ) (12,615 ) (8,007 ) Adjusted income (loss) from continuing operations $ 20,108 $ 12,189 $ 36,854 $ 22,792 Adjusted income (loss) per diluted share from continuing operations reconciliation: Income (loss) per diluted share from continuing operations $ 0.50 $ 0.26 $ 0.86 $ 0.45 Restructuring expenses and other adjustments 0.02 0.06 0.04 0.09 Acquisition non-income tax reserve release (0.05 ) — (0.05 ) — Pension termination — 0.04 — 0.04 Recovery of purchased credit deteriorated assets — (0.08 ) — (0.08 ) Intangible amortization 0.09 0.09 0.17 0.18 Environmental reserves, net — — 0.01 — Adjusted effective income tax rate impact (0.02 ) (0.04 ) (0.06 ) (0.07 ) Adjusted income (loss) per diluted share from continuing operations(2) $ 0.53 $ 0.33 $ 0.98 $ 0.61 Items in this table may not recalculate due to rounding (1) Income taxes are calculated using the normalized effective tax rate for each period. The rate used in 2026 is 25.5% and in 2025 is 26.0%. (2) Adjusted income (loss) per diluted share from continuing operations is calculated using the weighted average common shares outstanding for the respective period. Meghan Beringer, Senior Director Investor Relations, 252-536-5651 Source: Myers Industries, Inc.