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Last $13.88 USD
Change Today -0.38 / -2.66%
Volume 197.1K
MYE On Other Exchanges
Symbol
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As of 6:40 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

myers industries inc (MYE) Key Developments

Myers Industries Inc. Declares Quarterly Dividend, Payable October 5, 2015

Myers Industries Inc. declared a regular quarterly dividend of $0.135 per share payable October 5, 2015, to shareholders of record as of September 4, 2015.

Myers Industries Inc. Announces Retirement of John C. Orr as President and CEO, Effective December 31, 2015

Myers Industries Inc. announced that the company’s President and CEO, John C. Orr, has decided to retire as an officer effective December 31, 2015. Mr. Orr will work with the Board to select the best qualified successor and to ensure an orderly transition of the management of the Company. Mr. Orr, hired by Myers Industries Inc. in 2000 as part of the Company’s succession strategy, became President and CEO in 2005. As CEO he effected the transformation of the Company’s operations, including a systematic execution of strategic plans to consolidate the business portfolio of disparate businesses into today’s two major operating segments: Distribution and Material Handling. During Mr. Orr’s CEO tenure the Company developed a significant manufacturing presence in Brazil and modernized the legacy Distribution business that started the Company in 1933.

Myers Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital expenditure Guidance for the Year 2015

Myers Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $164.335 million compared to $152.784 million a year ago. Operating income was $19.742 million compared to $11.286 million a year ago. Income from continuing operations before income taxes was $17.275 million compared to $9.619 million a year ago. Income from continuing operations was $10.925 million or $0.35 per diluted share compared to $6.327 million or $0.19 per diluted share a year ago. Net income was $11.419 million or $0.37 per diluted share compared to $9.619 million or $0.17 per diluted share a year ago. For the six months, the company reported net sales of $320.683 million compared to $303.269 million a year ago. Operating income was $26.458 million compared to $20.169 million a year ago. Income from continuing operations before income taxes was $21.289 million compared to $16.918 million a year ago. Income from continuing operations was $13.547 million or $0.43 per diluted share compared to $11.090 million or $0.33 per diluted share a year ago. Net income was $16.658 million or $0.53 per diluted share compared to $6.429 million or $0.19 per diluted share a year ago. Net cash used for operating activities was $14.641 million compared to $21.026 million a year ago. Capital expenditures were $9.381 million compared to $6.971 million a year ago. Cash flow used for continuing operations $3 million compared to cash flow used for continuing operations of $6.8 million for the same period in 2014. Cash flow used for continuing operations decreased compared to the six months ended June 30, 2014, primarily as a result of increased earnings in this quarter. For the year 2015, the company expects capital expenditures to be approximately $30 million. Approximately 70% of capital expenditures will be used for growth and productivity projects. Anticipate effective tax rate for full year 2015 will be approximately 32.5%.

Myers Industries Inc. to Report Q2, 2015 Results on Jul 23, 2015

Myers Industries Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Jul 23, 2015

Myers Industries Inc., Q2 2015 Earnings Call, Jul 23, 2015

Myers Industries Inc., Q2 2015 Earnings Call, Jul 23, 2015

 

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MYE

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Valuation MYE Industry Range
Price/Earnings 39.6x
Price/Sales 0.7x
Price/Book 3.4x
Price/Cash Flow 285.6x
TEV/Sales 0.4x
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