Last $16.65 USD
Change Today -0.24 / -1.42%
Volume 160.0K
MYE On Other Exchanges
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As of 4:15 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

myers industries inc (MYE) Snapshot

Open
$16.84
Previous Close
$16.89
Day High
$17.09
Day Low
$16.54
52 Week High
04/17/14 - $24.74
52 Week Low
10/29/14 - $13.94
Market Cap
524.7M
Average Volume 10 Days
88.9K
EPS TTM
$0.67
Shares Outstanding
31.5M
EX-Date
11/25/14
P/E TM
24.9x
Dividend
$0.52
Dividend Yield
3.13%
Current Stock Chart for MYERS INDUSTRIES INC (MYE)

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myers industries inc (MYE) Details

Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company’s Material Handling segment provides plastic reusable material handling containers, pallets, and bins, as well as metal shelving, cabinet, and racking systems primarily under the Buckhorn, Akro-Mils, Novel, and Jamco Products brand names for automotive, appliance, general industrial/manufacturing, retail distribution, agriculture, and food processing markets. Its Lawn and Garden segment offers injection-molded and thermoformed pots, hanging baskets, flats and carry trays, plug trays, nursery containers, propagation sheets, specialty pots, decorative resin planters, and seed starting kits, as well as planters, vertical gardens, dependable hanging baskets, ergonomic watering cans, and other related items for the home gardener. This segment markets its products to professional growers, greenhouses, nurseries, retail garden centers, mass merchandisers, and consumers under the brand names of Dillen, ITML, Pro Cal, Listo, Planters’ Pride, and Akro-Mils Lawn & Garden. The company’s Engineered Products segment provides plastic and rubber original equipment and replacement parts, rubber tire repair and retread products, and custom plastic and rubber products for automotive, recreational vehicle, recreational marine, construction and agriculture equipment, healthcare, and transportation markets under the Ameri-Kart, Patch Rubber, and WEK brands. Its Distribution segment distributes equipment, tools, and supplies that are used for tire servicing and automotive undervehicle repair under the Myers Tire Supply and Myers Tire Supply International brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

3,401 Employees
Last Reported Date: 03/11/14
Founded in 1933

myers industries inc (MYE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $762.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

myers industries inc (MYE) Key Developments

Myers Industries Inc. Appoints Michael Valentino as Vice President, General Manager

Myers Industries Inc. announced that Michael Valentino has joined the Company as Vice President, General Manager of Myers do Brasil, Novel, Scepter and Ameri-Kart. Prior to joining Myers Industries, Valentino spent over fifteen years with The Marmon Group, a Berkshire Hathaway Company, holding numerous leadership positions. Most recently, he served as sector president of Marmon Foodservice Technologies and president of Prince Castle and Silver King. In that role, Valentino had full P&L responsibility for $120 million, was responsible for five global P&L statements and four manufacturing facilities within North America and Asia. During his tenure with Marmon, Valentino was instrumental in increasing shareholder value by improving margins, optimizing resources and developing a pipeline of innovative new products.

Myers Industries Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Capital Expenditure Guidance for the Full Year 2014

Myers Industries Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $162,109,000 against $141,442,000 for the same period last year. Operating loss was $2,678,000 against operating income of $12,265,000 for the same period last year. Loss from continuing operations before income taxes was $5,315,000 against income from continuing operations before income taxes of $11,152,000 for the same period last year. Loss from continuing operations was $3,618,000 or $0.11 per basic and diluted share against income from continuing operations of $6,859,000 or $0.20 per basic and diluted share for the same period last year. Net loss was $2,743,000 or $0.09 per basic and diluted share against net income of $6,488,000 or $0.19 per basic and diluted share for the same period last year. Income from continuing operations before income taxes as adjusted was $3,673,000 against $11,177,000 a year ago. Net income as adjusted was $4.9 million or $0.15 per diluted share against $8.5 million or $0.25 per diluted share for the same period last year. Income from continuing operations as adjusted was $2,314,000 or $0.07 per diluted share against $7,052,000 or $0.21 per diluted share a year ago. For the nine months, the company reported net sales of $465,378,000 against $440,009,000 for the same period last year. Operating income was $17,491,000 against $34,998,000 for the same period last year. Income from continuing operations before income taxes was $11,603,000 against $31,689,000 for the same period last year. Income from continuing operations was $7,472,000 or $0.23 per diluted share against $20,060,000 or $0.59 per diluted share for the same period last year. Net income was $3,686,000 or $0.11 per diluted share against $22,683,000 or $0.67 per diluted share for the same period last year. Net cash used for operating activities was $16,884,000 against net cash provided by operating activities of $46,843,000 for the same period last year. Capital expenditures were $10,860,000 against $13,464,000 for the same period last year. Income from continuing operations before taxes as adjusted was $22,636,000 against $31,931,000 a year ago. Net income as adjusted was $16.6 million or $0.50 per diluted share against $24.9 million or $0.73 per diluted share for the same period last year. Income from continuing operations as adjusted was $14,261,000 or $0.43 per diluted share against $20,140,000 or $0.59 per diluted share a year ago. The company anticipates that the current soft market conditions and product mix issues, which have continued into the fourth quarter, may result in a decrease in adjusted earnings from continuing operations (excluding restructuring and other unusual pre-tax charges) for the second half and full year of 2014 compared to the same periods in 2013. For the full year 2014, the company forecasts capital expenditures to be between $20 million and $25 million for the full year of 2014. The company anticipates cash flow from continuing operations will be in the range of $37 million to $43 million.

Myers Industries Inc. Declares Quarterly Dividend Payable on January 5, 2015

The Board of Directors of Myers Industries Inc. declared on October 24, 2014 a regular quarterly dividend of $0.13 per share payable on January 5, 2015, to shareholders of record as of November 28, 2014.

 

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Industry Analysis

MYE

Industry Average

Valuation MYE Industry Range
Price/Earnings 41.9x
Price/Sales 0.6x
Price/Book 3.0x
Price/Cash Flow 76.0x
TEV/Sales 0.3x
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