MYERS INDUSTRIES INC

Listed Company

MYECIK 0000069488NYSEAcceleratedPlastics Products, NecOhioFY ends Dec 31

Period

FY 2025

Revenue

$825.74M

Net Income

$34.93M

Total Assets

$851.32M

Equity

$294.23M

Shares Out

37.40M

Op. Cash Flow

$86.76M

Business

MYERS INDUSTRIES INC designs, manufactures, and markets a range of plastic, metal and rubber products and distributes tools, equipment and supplies for tire, wheel and under-vehicle service. Its main products include reusable plastic containers, pallets, small parts bins, bulk shipping containers, storage and organization products, composite ground protection matting, consumer fuel and water containers, OEM and custom plastic parts, and tire repair and retreading products. The company operates through two business segments — Material Handling, which produces engineered polymer packaging and ground protection, and Distribution, which supplies tire service equipment and related consumables. It serves customers across the United States, Canada, Central America and international export markets, selling directly and through distributors and regional distribution centers.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	826	836	813	900	761
Cost of sales	550	565	554	616	550
Gross profit	276	271	259	283	211
Selling, general and administrative expenses	172	174	167	199	164
Depreciation and amortization	17	18	9	—	—
Freight out	11	12	11	—	—
(Gain) loss on disposal of fixed assets	604,000	201,000	−195,000	−667,000	−1
Impairment charges	0	22	0	0	0
Operating income (loss)	75	44	72	84	49
Interest expense, net	29	31	6	6	4
Income before income taxes	45	14	66	78	45
Income tax expense	10	6	17	18	12
Net income	35	7	49	60	34
Basic	0.93	0.19	1.33	1.66	0.93
Diluted	0.93	0.19	1.32	1.64	0.92
Dividends declared per share	0.54	0.54	0.54	0.54	0.54

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	45	32	30	23	18
Trade accounts receivable, less allowances of $4,572 and $5,234, respectively	125	109	114	126	101
Other accounts receivable, net	14	13	15	8	—
Income tax receivable	4	0	—	0	3
Inventories, net	86	97	91	93	94
Prepaid expenses and other current assets	7	8	7	7	6
Total Current Assets	281	259	257	257	220
Property, plant, and equipment, net	129	138	108	102	92
Right of use asset - operating leases	25	31	28	29	29
Goodwill	256	256	95	95	89
Intangible assets, net	151	166	45	52	50
Deferred income taxes	178,000	205,000	209,000	129,000	106,000
Other	8	11	8	8	4
Total Assets	851	861	542	543	485
Accounts payable	71	71	79	74	82
Accrued employee compensation	20	15	17	25	22
Income taxes payable	0	5	4	2	0
Accrued taxes payable, other than income taxes	3	3	3	3	3
Accrued interest	208,000	267,000	1	1	966,000
Other current liabilities	33	27	28	26	20
Operating lease liability - short-term	7	7	6	6	5
Finance lease liability - short-term	645,000	621,000	593,000	518,000	500,000
Long-term debt - current portion	35	20	26	0	0
Total Current Liabilities	169	147	165	138	133
Long-term debt	311	355	32	94	91
Operating lease liability - long-term	18	24	22	23	24
Finance lease liability - long-term	7	8	9	9	9
Other liabilities	15	15	12	15	13
Deferred income taxes	36	34	9	8	5
Total Liabilities	557	583	249	286	275
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0	0	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 37,381,741 and 37,262,566; net of treasury shares of 5,170,716 and 5,289,891, respectively)	23	23	23	22	22
Additional paid-in capital	326	325	323	316	307
Accumulated other comprehensive loss	−21	−22	−17	−18	−15
Retained deficit	−34	−48	−36	−64	−104
Total Shareholders Equity	294	278	293	256	209
Total Liabilities and Shareholders Equity	851	861	542	543	485

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	35	7	49	60	34
Depreciation and amortization	39	39	23	21	20
Amortization of deferred financing costs	2	2	313,000	441,000	463,000
Amortization of acquisition-related inventory step-up	0	4	0	0	—
Non-cash stock-based compensation expense	4	2	7	7	3
Deferred taxes	3	−6	1	2	3
Other	−2	−297,000	944,000	2	−1
Accounts receivable - trade and other, net	−12	27	3	−24	−15
Inventories	11	6	3	8	−25
Prepaid expenses and other current assets	−3	−525,000	151,000	−1	−676,000
Accounts payable and accrued expenses	8	−23	310,000	−3	28
Net cash provided by (used for) operating activities	87	79	86	73	45
Capital expenditures	−20	−24	−23	−24	−18
Acquisition of business, net of cash acquired	0	−348	−160,000	−28	−36
Proceeds from sale of property, plant and equipment	624,000	242,000	258,000	2	3
Net cash provided by (used for) investing activities	−19	−373	−23	−50	−50
Borrowings on revolving credit facility	302	466	740	1,264	887
Repayments on revolving credit facility	−302	−486	−776	−1,261	−834
Proceeds from Term Loan A	0	400	0	0	—
Repayments of Term Loan A	−31	−18	0	0	—
Repayments of senior unsecured notes	0	−38	0	0	—
Payments on finance lease	−621,000	−593,000	−542,000	−500,000	−402,000
Cash dividends paid	−20	−20	−20	−20	−20
Proceeds from issuance of common stock	1	3	2	2	4
Shares withheld for employee taxes on equity awards	−965,000	−2	−2	−451,000	−888,000
Repurchase of common stock	−3	0	0	—	—
Deferred financing fees	0	−9	0	−889,000	−1
Net cash provided by (used for) financing activities	−54	295	−57	−16	−5
Foreign exchange rate effect on cash	−521,000	50,000	252,000	−439,000	−83,000
Net increase (decrease) in cash	13	2	7	5	−11
Interest	28	32	6	5	4
Income taxes	15	13	13	13	11

Filings

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