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Myers Industries
(NYSE:MYE)
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Rating:68Neutral
Price Target:
$35.00
▲(5.14% Upside)
Action:Reiterated
Date:10/24/26
MYE scores as moderately attractive, led by improving financial performance (profit rebound and strong free cash flow) and a constructive technical setup (price above key moving averages with positive MACD). The score is held back by balance-sheet leverage risk and only average valuation support (P/E ~23.7 with a modest ~1.64% yield), despite upbeat management sentiment and guidance tempered by expected near-term margin pressure and pockets of end-market softness.
Positive Factors
Margin and earnings recovery
Substantial margin expansion indicates that volume, mix, pricing, and the Focused Transformation are improving operating efficiency. If sustained, stronger margins can enhance earnings quality, support reinvestment, and provide greater resilience across Myers’ industrial and consumer end markets.
Negative Factors
Elevated leverage
Although leverage improved to management’s target range, debt remains sizable relative to equity and cash generation would require multiple years to materially reduce it. This limits financial flexibility and can constrain acquisitions, shareholder returns, or investment if operating conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin and earnings recovery
Substantial margin expansion indicates that volume, mix, pricing, and the Focused Transformation are improving operating efficiency. If sustained, stronger margins can enhance earnings quality, support reinvestment, and provide greater resilience across Myers’ industrial and consumer end markets.
Read all positive factors
Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.21B
Dividend Yield1.68%
Average Volume (3M)282.58K
Price to Earnings (P/E)23.1
Beta (1Y)0.76
Revenue Growth-8.73%
EPS Growth268.62%
CountryUS
Employees2,200
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)1.39
Shares Outstanding37,618,070
10 Day Avg. Volume248,921
30 Day Avg. Volume282,577
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.38
Price to Sales (P/S)0.85
P/FCF Ratio10.41
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue2.16
Enterprise Value/Gross Profit6.39
Enterprise Value/Ebitda12.36
Forecast
1Y Price Target
$37.00Price Target Upside11.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.86
Revenue Forecast (FY)$666.90M
Myers Industries Business Overview & Revenue Model
Company Description
Myers Industries, Inc., an Akron, Ohio-based company established in 1933, operates through two principal business divisions: Material Handling and Distribution. The Material Handling segment specializes in manufacturing a diverse range of plastic ...
How the Company Makes Money
Myers Industries makes money primarily by selling manufactured plastic material-handling products and by distributing equipment and supplies to service-oriented customers.
1) Material Handling segment (manufacturing revenue)
- Product sales: The ...
Myers Industries Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call was strongly positive overall. Myers reported broad-based revenue growth, substantial margin and adjusted EPS expansion, improved cash flow, lower leverage, and progress in its Focused Transformation and military packaging expansion. The main challenges were soft RV and consumer demand, automotive tariff uncertainty, resin-cost volatility with expected third-quarter margin pressure, seasonality and normalization after World Cup-related demand, and the absence of a definitive timeline for the MTS sale.Positive Updates
Strong Second-Quarter Revenue Growth
Second-quarter revenue increased 9.8% year-over-year, supported by strength in infrastructure and food and beverage. Excluding the impact of exiting low-margin products and idling two rotational molding facilities in the fourth quarter of 2025, net sales would have increased 13% year-over-year.
Negative Updates
Soft Vehicle and Consumer Demand
Strong infrastructure and food and beverage growth were partially offset by soft vehicle and consumer demand. The vehicle end markets are expected to be stable overall, with mixed demand indicators.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Second-Quarter Revenue Growth
Second-quarter revenue increased 9.8% year-over-year, supported by strength in infrastructure and food and beverage. Excluding the impact of exiting low-margin products and idling two rotational molding facilities in the fourth quarter of 2025, net sales would have increased 13% year-over-year.
Read all positive updates
Company Guidance
For 2026, Myers expects CapEx to be 3.5% of sales, industrial to see moderate growth, infrastructure to see strong growth, vehicle end markets to be stable overall, consumer to have stable sales, and food and beverage to achieve moderate growth; C137 is expected to remain flat to prior year, seed is anticipated to be flat for the full year, and third quarter infrastructure is expected to be a little softer than what we saw in Q2, with the third quarter expected to slow slightly given the drier ground conditions and typical seasonality. The company expects continued pressure on margins in the third quarter, anticipates ongoing demand for turf protection products at a more moderate pace than in the second quarter, and expects automotive program launches to drive increased demand beginning in the second half of the year, with more specifically in Q4 on the automotive side. Ammo packaging revenues are expected to grow at a 10%-15% CAGR through 2028, with a serviceable market of approximately $300 million; the target net leverage ratio is 1.5x-2.5x.Myers Industries Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
52
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 753.19M | 825.74M | 836.28M | 813.07M | 899.55M | 761.43M |
| Gross Profit | 254.32M | 276.05M | 270.81M | 259.09M | 284.07M | 212.32M |
| EBITDA | 131.49M | 113.83M | 83.07M | 95.19M | 106.79M | 69.24M |
| Net Income | 52.25M | 34.93M | 7.20M | 48.87M | 60.27M | 33.54M |
Balance Sheet | ||||||
| Total Assets | 845.04M | 851.32M | 860.82M | 541.63M | 542.63M | 484.55M |
| Cash, Cash Equivalents and Short-Term Investments | 47.63M | 45.05M | 32.22M | 30.29M | 23.14M | 17.66M |
| Total Debt | 338.91M | 378.67M | 413.87M | 95.49M | 132.36M | 130.04M |
| Total Liabilities | 538.67M | 557.10M | 583.30M | 248.83M | 286.21M | 275.22M |
| Stockholders Equity | 306.37M | 294.23M | 277.51M | 292.80M | 256.43M | 209.32M |
Cash Flow | ||||||
| Free Cash Flow | 91.82M | 67.21M | 54.86M | 63.32M | 48.33M | 27.05M |
| Operating Cash Flow | 108.06M | 86.76M | 79.29M | 86.17M | 72.62M | 44.91M |
| Investing Cash Flow | -14.51M | -18.93M | -372.50M | -22.76M | -50.38M | -50.29M |
| Financing Cash Flow | -82.74M | -54.48M | 295.10M | -56.52M | -16.32M | -5.19M |
Myers Industries Technical Analysis
Positive
33.29
Price Trends
31.56
Positive
30.95
Positive
26.07
Positive
Market Momentum
0.24
Negative
55.69
Neutral
89.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYE, the sentiment is Positive. The current price of 33.29 is above the 20-day moving average (MA) of 31.36, above the 50-day MA of 31.56, and above the 200-day MA of 26.07, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 55.69 is Neutral, neither overbought nor oversold. The STOCH value of 89.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYE.
Myers Industries Risk Analysis
Myers Industries disclosed 29 risk factors in its most recent earnings report. Myers Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Myers Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.42B | 1.65 | 83.76% | 0.40% | -21.18% | 2519.53% | |
77 Outperform | $1.06B | 21.12 | 32.51% | 3.43% | 11.62% | 57.06% | |
71 Outperform | $4.46B | 4.67 | 33.40% | 2.87% | -24.38% | 43.47% | |
68 Neutral | $1.21B | 23.12 | 17.77% | 1.68% | -8.73% | 268.62% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $4.96B | -23.75 | -6.12% | 4.27% | 3.57% | ― | |
48 Neutral | $315.59M | -8.36 | -7.18% | ― | 9.77% | -8.65% |
* Consumer Cyclical Sector Average
MYE
Myers Industries
32.13
15.12
88.89%
GEF
Greif Class A
82.27
24.96
43.54%
SON
Sonoco Products
50.12
12.29
32.50%
TRS
Trimas
39.60
0.70
1.79%
PACK
Ranpak Holdings
3.68
-1.83
-33.21%
KRT
Karat Packaging Inc
53.00
29.63
126.74%
Myers Industries Corporate Events
Business Operations and StrategyExecutive/Board Changes
Myers Industries Enhances Senior Executive Severance Protections
Positive
Oct 23, 2026
On October 22, 2026, Myers Industries adopted an amended and restated Senior Officer Severance Plan covering key executives, including its CEO, CFO, Chief Legal Officer, and Chief Human Resources Officer. The plan builds on versions first introduc...
Business Operations and StrategyM&A Transactions
Myers Industries Divests Myers Tire Supply Business
Positive
Aug 31, 2026
On Aug. 31, 2026, Myers Industries completed the sale of its North American Myers Tire Supply business, including related subsidiaries, to Lion Equity Partners for $30 million, subject to customary post-closing adjustments. The deal divested Myers...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Myers Industries Posts Strong Second-Quarter 2026 Results
Positive
Jul 30, 2026
On July 28, 2026, Myers Industries refinanced and extended its credit facilities, amending its existing loan agreement to create new $250 million revolving and $250 million term loan facilities, both maturing in 2031. The revised structure lowers ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.