Myers Industries Reports Strong Q3 Profit Growth

Myers Industries ( (MYE) ) just unveiled an announcement.

On October 30, 2025, Myers Industries announced its third-quarter results, highlighting a year-over-year increase in gross profit and significant improvement in free cash flow. The company reported a gross profit of $68.57 million, up 5.3% from the previous year, and a free cash flow of $21.5 million, more than doubling from $10.1 million in 2024. Despite challenges in the vehicle and automotive aftermarket sectors, the company achieved growth in its infrastructure and industrial markets, driven by a favorable product mix. Myers Industries also initiated a sale process for its Myers Tire Supply business, partnering with KeyBanc as a financial advisor, as part of a strategic review.

The most recent analyst rating on (MYE) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on Myers Industries stock, see the MYE Stock Forecast page.

Spark’s Take on MYE Stock

According to Spark, TipRanks’ AI Analyst, MYE is a Neutral.

Myers Industries’ overall stock score reflects a mixed financial performance with strong cash flow but high leverage and declining profitability. The technical analysis suggests a neutral to slightly bearish trend, while the high P/E ratio indicates potential overvaluation. The earnings call highlighted strategic initiatives and cost-saving measures, offering a positive outlook despite current challenges.

To see Spark’s full report on MYE stock, click here.

More about Myers Industries

Myers Industries Inc. is a leading manufacturer specializing in products that protect the world from the ground up, with a focus on infrastructure, industrial, and consumer markets.

Average Trading Volume: 232,421

Technical Sentiment Signal: Buy

Current Market Cap: $650.2M

For detailed information about MYE stock, go to TipRanks’ Stock Analysis page.