Myers Industries Announces 2025 Fourth Quarter and Full Year Results

Myers Industries Announces 2025 Fourth Quarter and Full Year Results March 5, 2026 Fourth Quarter EPS Improved 173% and Adjusted EPS Improved 63% Year-over-year Material Handling Drives Year-over-year Margin Expansion Strong Free Cash Flow of $67M in 2025, Up 23% Year-over-year Annualized Costs Reduced by $20M in 2025, primarily in SG&A, Achieving our Commitment Meaningful Progress in 2025 on Focused Transformation that Delivers Consistent, Reliable Results and Creates Sustainable Shareholder Value Myers Industries Inc. (NYSE: MYE), a leading manufacturer of Products that Protect™ the world from the ground up, today announced results for the fourth quarter and full year ended December 31, 2025. Myers Industries President and CEO Aaron Schapper commented, “2025 was a great year for Myers as the team performed well and we made significant progress on Focused Transformation. As part of our portfolio realignment, we are focusing on our core businesses that protect from the ground up, while progressing with the sale of Myers Tire Supply. We streamlined our manufacturing operations to rationalize capacity and improved our cost structure, delivering on our commitment to reduce annualized costs by $20 million. We improved free cash flow, further strengthened our balance sheet, and continued to deliver on debt and leverage reduction. We enter 2026 with momentum and confidence and are on the right track to deliver consistent, reliable results and create sustainable shareholder value." Fourth Quarter 2025 Financial Summary Quarter Ended December 31, (Dollars in thousands, except per share data) 2025 2024 % Inc (Dec) Net sales $ 203,974 $ 203,876 0.0 % Gross profit $ 67,744 $ 65,889 2.8 % Gross margin 33.2 % 32.3 % Operating income $ 20,238 $ 14,637 38.3 % Net income $ 11,330 $ 4,297 163.7 % Net income per diluted share $ 0.30 $ 0.11 172.7 % Adjusted operating income $ 22,502 $ 17,637 27.6 % Adjusted net income $ 11,620 $ 7,308 59.0 % Adjusted earnings per diluted share $ 0.31 $ 0.19 63.2 % Adjusted EBITDA $ 32,127 $ 27,470 17.0 % Net sales: Essentially flat year-over-year as we exited low-margin products with the idling of two rotational molding facilities. Excluding the impact from idling the Alliance, Ohio, facilities, net sales increased 3% year-over-year as higher volume was partially offset by lower price. By end market, Food & Beverage, Infrastructure, and Industrial growth was offset by soft Consumer and Vehicle demand.Gross profit and Operating income: Increased due to favorable mix, higher volume, and reduced SG&A, partially offset by unfavorable price. Fourth Quarter 2025 Segment Results (Dollar amounts in the segment tables below are reported in millions) Material Handling Net Sales Op Income Op Income Margin Adj EBITDA Adj EBITDA Margin Q4 2025 Results $152.3 $28.9 19.0% $39.0 25.6% Q4 2024 Results $152.7 $25.9 17.0% $34.7 22.7% $ Increase (decrease) vs prior year ($0.4) $3.0 $4.3 % Increase (decrease) vs prior year (0.3)% 11.6% +200bps 12.3% +290bps Items in this table may not recalculate due to rounding Operating income and Adjusted EBITDA: Increased primarily due to improved mix, higher volume, and reduced SG&A due to the Focused Transformation program, partially offset by unfavorable pricing. Distribution Net Sales Did yOp Income Op Income Margin Adj EBITDA Adj EBITDA Margin Q4 2025 Results $51.7 ($0.1) -0.1% $0.5 1.0% Q4 2024 Results $51.2 ($1.6) -3.0% ($0.3) -0.6% $ Increase (decrease) vs prior year $0.5 $1.5 $0.8 % Increase (decrease) vs prior year 0.9% 96.1% +290bps 277.2% +160bps Items in this table may not recalculate due to rounding Operating income and Adjusted EBITDA: Increased due to favorable pricing and SG&A, partially offset by lower volume. Full Year 2025 Financial Summary Year Ended December 31, (Dollars in thousands, except per share data) 2025 2024 % Inc (Dec) Net sales $ 825,742 $ 836,281 (1.3 )% Gross profit $ 276,054 $ 270,805 1.9 % Gross margin 33.4 % 32.4 % Operating income $ 74,556 $ 44,480 67.6 % Net income $ 34,928 $ 7,201 385.0 % Net income per diluted share $ 0.93 $ 0.19 389.5 % Adjusted operating income $ 84,893 $ 83,645 1.5 % Adjusted net income $ 41,327 $ 39,004 6.0 % Adjusted earnings per diluted share $ 1.10 $ 1.04 5.8 % Adjusted EBITDA $ 124,170 $ 122,238 1.6 % Net sales: Growth in Industrial and Infrastructure was more than offset by lower demand in Consumer, Vehicle, and Automotive Aftermarket. Excluding the impact from idling the Alliance, Ohio, facilities and the decision to exit certain unprofitable products, net sales decreased 0.6% year-over-year.Gross profit and Operating income: Increased due to lower material cost, favorable cost productivity, favorable mix, and benefits from our Focused Transformation program. Full Year 2025 Segment Results (Dollar amounts in the segment tables below are reported in millions) Material Handling Net Sales Op Income Op Income Margin Adj EBITDA Adj EBITDA Margin Full Year 2025 Results $622.1 $112.4 18.1% $150.1 24.1% Full Year 2024 Results $621.7 $77.8 12.5% $142.2 22.9% $ Increase (decrease) vs prior year $0.5 $34.6 $7.9 % Increase (decrease) vs prior year 0.1% 44.5% +560bps 5.6% +120bps Items in this table may not recalculate due to rounding Operating income: Increased primarily due to a $22 million non-cash charge for goodwill impairment in 2024. Excluding this item, operating income would have improved by $12.6 million.Adjusted EBITDA: Increased due to favorable material costs, higher volume, and benefits from our Focused Transformation program, partially offset by unfavorable pricing. Distribution Net Sales Op Income Op Income Margin Adj EBITDA Adj EBITDA Margin Full Year 2025 Results $203.9 ($0.9) -0.5% $5.1 2.5% Full Year 2024 Results $214.8 $3.4 1.6% $8.0 3.7% $ Increase (decrease) vs prior year ($10.9) ($4.3) ($2.9) % Increase (decrease) vs prior year (5.1)% (127.9)% -210bps (36.6)% -120bps Items in this table may not recalculate due to rounding Operating income and Adjusted EBITDA: Decreased due to lower volume and higher operations costs, partially offset by favorable SG&A due to our Focused Transformation program. Balance Sheet & Cash Flow As of December 31, 2025, the Company’s total liquidity was $289.8 million, including $244.7 million of availability under the revolving credit facility and $45.1 million in cash on hand.For the fourth quarter of 2025, cash flow from operations was $22.6 million, free cash flow was $18.9 million, and capital expenditures were $3.6 million.For the full year 2025, cash flow from operations was $86.8 million, free cash flow was $67.2 million, and capital expenditures were $19.6 million.Total debt was reduced by $16.0 million in the fourth quarter and $31.0 million in 2025, ending the year with a net leverage ratio of 2.4x.$2.5 million shares repurchased in 2025 under the 2025 Share Repurchase Program. Portfolio Transformation The transformation of the Company continues to be on track, including the previously announced process to divest Myers Tire Supply (MTS) to create a more focused portfolio to better deliver shareholder value. MTS is expected to qualify for discontinued operations accounting treatment beginning in the first quarter reporting period of 2026. 2026 End Market Outlook The following table presents the Company’s current 2026 outlook for each of its end markets. Due to the planned divestment of Myers Tire Supply, the Company is not providing an outlook for Automotive Aftermarket. End Markets (TTM Sales of Material Handling Segment as of December 31, 2025) 2026 Outlook* Industrial (41% of sales) Moderate growth Akro-Mils®, Buckhorn® & Jamco® containers, organizational bins, totes, carts and cabinets; Scepter® military ammunition containers; OEM parts for general industrial equipment Infrastructure (19% of sales) Strong growth Signature Systems® ground protection matting for construction, industrial sites, and event venues Vehicle (15% of sales) Stable RV, marine, and automotive components Consumer (13% of sales) Stable, affected by normal level of storm response Scepter® fuel containers; outdoor furniture and equipment Food & Beverage (12% of sales) Slightly down Buckhorn® seed boxes, intermediate bulk containers, and Tuff Series bulk containers for agricultural and chemical customers *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, March 5, 2026, at 8:30 a.m. ET. The call is anticipated to last one hour and may be accessed using the following online participation registration link: https://events.q4inc.com/analyst/316740658?pwd=hRjcz32B. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast or a replay, visit the Company's website www.myersindustries.com and click on the Investor Relations tab. An archived replay of the call will also be available on the site shortly after the event. An archive of the webcast will be available for replay following the meeting using the following link: https://events.q4inc.com/attendee/316740658 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 the world from the ground up for Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket 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 MYERS INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Dollars in thousands, except share and per share data) Quarter Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net sales $ 203,974 $ 203,876 $ 825,742 $ 836,281 Cost of sales 136,230 137,987 549,688 565,476 Gross profit 67,744 65,889 276,054 270,805 Selling, general and administrative expenses 39,850 44,281 172,401 174,028 Depreciation and amortization 4,222 4,462 17,447 18,077 Freight out 2,929 2,561 11,046 12,003 (Gain) loss on disposal of fixed assets 505 (52 ) 604 201 Impairment charges — — — 22,016 Operating income (loss) 20,238 14,637 74,556 44,480 Interest expense, net 7,174 7,761 29,421 30,937 Income (loss) before income taxes 13,064 6,876 45,135 13,543 Income tax expense (benefit) 1,734 2,579 10,207 6,342 Net income (loss) $ 11,330 $ 4,297 $ 34,928 $ 7,201 Net income (loss) per common share: Basic $ 0.30 $ 0.12 $ 0.93 $ 0.19 Diluted $ 0.30 $ 0.11 $ 0.93 $ 0.19 Weighted average common shares outstanding: Basic 37,390,627 37,255,837 37,368,578 37,141,030 Diluted 37,646,478 37,444,040 37,561,592 37,403,518 MYERS INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (Dollars in thousands) December 31, 2025 December 31, 2024 Assets Current Assets Cash $ 45,050 $ 32,222 Trade accounts receivable, net 125,314 109,372 Other accounts receivable, net 14,164 12,654 Inventories, net 86,064 97,001 Other current assets 10,867 8,058 Total Current Assets 281,459 259,307 Property, plant, & equipment, net 129,105 137,564 Right of use asset - operating leases 24,818 30,561 Goodwill and intangible assets, net 407,465 421,853 Deferred income taxes 178 205 Other assets 8,296 11,325 Total Assets $ 851,321 $ 860,815 Liabilities & Shareholders' Equity Current Liabilities Accounts payable $ 71,172 $ 71,049 Accrued expenses 55,868 49,196 Operating lease liability - short-term 6,727 6,597 Finance lease liability - short-term 645 621 Long-term debt - current portion 34,601 19,649 Total Current Liabilities 169,013 147,112 Long-term debt 311,210 355,310 Operating lease liability - long-term 18,135 23,700 Finance lease liability - long-term 7,349 7,994 Other liabilities 14,916 15,303 Deferred income taxes 36,472 33,884 Total Shareholders' Equity 294,226 277,512 Total Liabilities & Shareholders' Equity $ 851,321 $ 860,815 MYERS INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Dollars in thousands) Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Cash Flows From Operating Activities Net income (loss) $ 11,330 $ 4,297 $ 34,928 $ 7,201 Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities Depreciation and amortization 9,625 9,833 39,277 38,593 Amortization of deferred financing costs 702 599 2,323 1,917 Amortization of acquisition-related inventory step-up — — — 4,457 Non-cash stock-based compensation expense 836 923 3,536 1,660 (Gain) loss on disposal of fixed assets 505 (52 ) 604 201 Impairment charges — — — 22,016 Deferred taxes 3,206 (6,048 ) 3,206 (6,048 ) Other 731 (847 ) (2,100 ) (297 ) Cash flows provided by (used for) working capital Accounts receivable - trade and other, net (9,781 ) 11,176 (11,908 ) 26,822 Inventories 13,689 7,612 11,393 6,227 Prepaid expenses and other current assets (1,077 ) 1,143 (2,800 ) (525 ) Accounts payable and accrued expenses (7,205 ) (1,288 ) 8,302 (22,932 ) Net cash provided by (used for) operating activities 22,561 27,348 86,761 79,292 Cash Flows From Investing Activities Capital expenditures (3,618 ) (7,133 ) (19,553 ) (24,435 ) Acquisition of business, net of cash acquired — — — (348,312 ) Proceeds from sale of property, plant, and equipment (37 ) 130 624 242 Net cash provided by (used for) investing activities (3,655 ) (7,003 ) (18,929 ) (372,505 ) Cash Flows From Financing Activities Net borrowings (repayments) from revolving credit facility — (5,000 ) — (20,000 ) Proceeds from Term Loan A — — — 400,000 Repayments of Term Loan A (16,000 ) (8,000 ) (31,000 ) (18,000 ) Repayments of senior unsecured notes — — — (38,000 ) Payments on finance lease (157 ) (151 ) (621 ) (593 ) Cash dividends paid (5,055 ) (5,040 ) (20,494 ) (20,432 ) Proceeds from issuance of common stock 256 289 1,122 3,342 Shares withheld for employee taxes on equity awards (36 ) (23 ) (965 ) (2,050 ) Repurchase of common stock (504 ) — (2,525 ) — Deferred financing fees — — — (9,172 ) Net cash provided by (used for) financing activities (21,496 ) (17,925 ) (54,483 ) 295,095 Foreign exchange rate effect on cash (325 ) 92 (521 ) 50 Net increase (decrease) in cash (2,915 ) 2,512 12,828 1,932 Beginning Cash 47,965 29,710 32,222 30,290 Ending Cash $ 45,050 $ 32,222 $ 45,050 $ 32,222 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) Quarter Ended December 31, 2025 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 152,308 $ 51,685 $ 203,993 $ (19 ) $ 203,974 Net income (loss) 11,330 Net income margin 5.6 % Gross profit 67,744 Add: Restructuring expenses and other adjustments 749 Adjusted gross profit 68,493 Gross margin as adjusted 33.6 % Operating income (loss) 28,942 (61 ) 28,881 (8,643 ) 20,238 Operating income margin 19.0 % -0.1 % 14.2 % n/a 9.9 % Add: Restructuring expenses and other adjustments 1,271 — 1,271 228 1,499 Add: Myers Tire Supply strategic review / sale costs — — — 565 565 Add: Environmental reserves, net(2) — — — 200 200 Adjusted operating income (loss)(1) 30,213 (61 ) 30,152 (7,650 ) 22,502 Adjusted operating income margin 19.8 % -0.1 % 14.8 % n/a 11.0 % Add: Depreciation and amortization 8,782 598 9,380 245 9,625 Adjusted EBITDA $ 38,995 $ 537 $ 39,532 $ (7,405 ) $ 32,127 Adjusted EBITDA margin 25.6 % 1.0 % 19.4 % n/a 15.8 % (1) Includes gross profit adjustments of $749 and SG&A adjustments of $1,515 (2) Includes environmental charges of $1,600 net of probable insurance recoveries of $1,400 Quarter Ended December 31, 2024 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 152,704 $ 51,225 $ 203,929 $ (53 ) $ 203,876 Net income (loss) 4,297 Net income margin 2.1 % Gross profit 65,889 Less: Restructuring expenses and other adjustments (157 ) Adjusted gross profit 65,732 Gross margin as adjusted 32.2 % Operating income (loss) 25,924 (1,552 ) 24,372 (9,735 ) 14,637 Operating income margin 17.0 % -3.0 % 12.0 % n/a 7.2 % Add: Restructuring expenses and other adjustments 7 427 434 1,854 2,288 Add: Acquisition and integration costs — — — 212 212 Add: Environmental reserves, net(2) — — — 500 500 Adjusted operating income (loss)(1) 25,931 (1,125 ) 24,806 (7,169 ) 17,637 Adjusted operating income margin 17.0 % -2.2 % 12.2 % n/a 8.7 % Add: Depreciation and amortization 8,793 822 9,615 218 9,833 Adjusted EBITDA $ 34,724 $ (303 ) $ 34,421 $ (6,951 ) $ 27,470 Adjusted EBITDA margin 22.7 % -0.6 % 16.9 % n/a 13.5 % (1) Includes gross profit adjustments of $(157) and SG&A adjustments of $3,157 (2) Includes environmental charges of $2,100 net of probable insurance recoveries of $1,600 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) Year Ended December 31, 2025 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 622,147 $ 203,887 $ 826,034 $ (292 ) $ 825,742 Net income (loss) 34,928 Net income margin 4.2 % Gross profit 276,054 Add: Restructuring expenses and other adjustments 2,347 Adjusted gross profit 278,401 Gross margin as adjusted 33.7 % Operating income (loss) 112,368 (939 ) 111,429 (36,873 ) 74,556 Operating income margin 18.1 % -0.5 % 13.5 % n/a 9.0 % Add: Restructuring expenses and other adjustments 3,902 3,051 6,953 4,209 11,162 Add: Myers Tire Supply strategic review / sale costs — — — 565 565 Add: Pension termination 1,585 — 1,585 — 1,585 Less: Recovery of purchased credit deteriorated assets (3,175 ) — (3,175 ) — (3,175 ) Add: Environmental reserves, net(2) — — — 200 200 Adjusted operating income (loss)(1) 114,680 2,112 116,792 (31,899 ) 84,893 Adjusted operating income margin 18.4 % 1.0 % 14.1 % n/a 10.3 % Add: Depreciation and amortization 35,426 2,966 38,392 885 39,277 Adjusted EBITDA $ 150,106 $ 5,078 $ 155,184 $ (31,014 ) $ 124,170 Adjusted EBITDA margin 24.1 % 2.5 % 18.8 % n/a 15.0 % (1) Includes gross profit adjustments of $2,347 and SG&A adjustments of $7,990 (2) Includes environmental charges of $2,500 net of probable insurance recoveries of $2,300 Year Ended December 31, 2024 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 621,655 $ 214,768 $ 836,423 $ (142 ) $ 836,281 Net income (loss) 7,201 Net income margin 0.9 % Gross profit 270,805 Add: Restructuring expenses and other adjustments 4,006 Add: Acquisition-related inventory step-up 4,457 Adjusted gross profit 279,268 Gross margin as adjusted 33.4 % Operating income (loss) 77,767 3,363 81,130 (36,650 ) 44,480 Operating income margin 12.5 % 1.6 % 9.7 % n/a 5.3 % Add: Executive severance costs — — — 1,405 1,405 Add: Restructuring expenses and other adjustments 3,867 1,402 5,269 2,271 7,540 Add: Acquisition and integration costs 305 — 305 4,344 4,649 Add: Acquisition-related inventory step-up 4,457 — 4,457 — 4,457 Add: Impairment charges 22,016 — 22,016 — 22,016 Less: Insurance recovery of legal fees (702 ) — (702 ) — (702 ) Less: Environmental reserves, net(2) — — — (200 ) (200 ) Adjusted operating income (loss)(1) 107,710 4,765 112,475 (28,830 ) 83,645 Adjusted operating income margin 17.3 % 2.2 % 13.4 % n/a 10.0 % Add: Depreciation and amortization 34,499 3,248 37,747 846 38,593 Adjusted EBITDA $ 142,209 $ 8,013 $ 150,222 $ (27,984 ) $ 122,238 Adjusted EBITDA margin 22.9 % 3.7 % 18.0 % n/a 14.6 % (1) Includes gross profit adjustments of $8,463, impairment charges of $22,016 and SG&A adjustments of $8,686 (2) Includes environmental charges of $3,100 net of probable insurance recoveries of $3,300 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED OPERATING INCOME, ADJUSTED EBITDA AND FREE CASH FLOW (UNAUDITED) (Dollars in thousands) Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Adjusted operating income (loss) reconciliation: Operating income (loss) $ 20,238 $ 14,637 $ 74,556 $ 44,480 Restructuring expenses and other adjustments 1,499 2,288 11,162 7,540 Myers Tire Supply strategic review / sale costs 565 — 565 — Pension termination — — 1,585 — Acquisition and integration costs — 212 — 4,649 Acquisition-related inventory step-up — — — 4,457 Recovery of purchased credit deteriorated assets — — (3,175 ) — Impairment charges — — — 22,016 Insurance recovery of legal fees — — — (702 ) Executive severance costs — — — 1,405 Environmental reserves, net 200 500 200 (200 ) Adjusted operating income (loss) $ 22,502 $ 17,637 $ 84,893 $ 83,645 Adjusted EBITDA reconciliation: Net income (loss) $ 11,330 $ 4,297 $ 34,928 $ 7,201 Income tax expense (benefit) 1,734 2,579 10,207 6,342 Interest expense, net 7,174 7,761 29,421 30,937 Operating income (loss) 20,238 14,637 74,556 44,480 Depreciation and amortization 9,625 9,833 39,277 38,593 Restructuring expenses and other adjustments 1,499 2,288 11,162 7,540 Myers Tire Supply strategic review / sale costs 565 — 565 — Pension termination — — 1,585 — Acquisition and integration costs — 212 — 4,649 Acquisition-related inventory step-up — — — 4,457 Recovery of purchased credit deteriorated assets — — (3,175 ) — Impairment charges — — — 22,016 Insurance recovery of legal fees — — — (702 ) Executive severance costs — — — 1,405 Environmental reserves, net 200 500 200 (200 ) Adjusted EBITDA $ 32,127 $ 27,470 $ 124,170 $ 122,238 Free cash flow reconciliation: Net cash provided by (used for) operating activities $ 22,561 $ 27,348 $ 86,761 $ 79,292 Capital expenditures (3,618 ) (7,133 ) (19,553 ) (24,435 ) Free cash flow $ 18,943 $ 20,215 $ 67,208 $ 54,857 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER DILUTED SHARE (UNAUDITED) (Dollars in thousands, except per share data) Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Adjusted net income (loss) reconciliation: Net income (loss) $ 11,330 $ 4,297 $ 34,928 $ 7,201 Income tax expense (benefit) 1,734 2,579 10,207 6,342 Income (loss) before income taxes 13,064 6,876 45,135 13,543 Restructuring expenses and other adjustments 1,499 2,288 11,162 7,540 Myers Tire Supply strategic review / sale costs 565 — 565 — Pension termination — — 1,585 — Acquisition and integration costs — 212 — 4,649 Acquisition-related inventory step-up — — — 4,457 Recovery of purchased credit deteriorated assets — — (3,175 ) — Impairment charges — — — 22,016 Insurance recovery of legal fees — — — (702 ) Executive severance costs — — — 1,405 Environmental reserves, net 200 500 200 (200 ) Adjusted income (loss) before income taxes 15,328 9,876 55,472 52,708 Income tax expense, as adjusted(1) (3,708 ) (2,568 ) (14,145 ) (13,704 ) Adjusted net income (loss) $ 11,620 $ 7,308 $ 41,327 $ 39,004 Adjusted earnings per diluted share reconciliation: Net income (loss) per common diluted share $ 0.30 $ 0.11 $ 0.93 $ 0.19 Restructuring expenses and other adjustments 0.04 0.06 0.30 0.20 Myers Tire Supply strategic review / sale costs 0.01 — 0.01 — Pension termination — — 0.04 — Acquisition and integration costs — 0.01 — 0.13 Acquisition-related inventory step-up — — — 0.12 Recovery of purchased credit deteriorated assets — — (0.08 ) — Impairment charges — — — 0.59 Insurance recovery of legal fees — — — (0.02 ) Executive severance costs — — — 0.04 Environmental reserves, net 0.01 0.01 0.01 (0.01 ) Adjusted effective income tax rate impact (0.05 ) 0.00 (0.10 ) (0.20 ) Adjusted earnings per diluted share(2) $ 0.31 $ 0.19 $ 1.10 $ 1.04 Items in this table may not recalculate due to rounding (1) Income taxes are calculated using the normalized effective tax rate for each year. The rate used in 2025 is 25.5% and in 2024 is 26%. (2) Adjusted earnings per diluted share 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.