Myers Industries Q1 adjusted EPS jumps 57% yr/yr

Myers Industries

07/05/2026 12:31

Overview

U.S. industrial products maker's Q1 revenue rose 1.8% year-over-year

Adjusted EPS for Q1 grew 57% year-over-year

Company benefited from lower material costs and transformation initiatives

Outlook

Company expects moderate growth in Industrial and strong growth in Infrastructure for 2026

Myers Industries sees stable conditions in Vehicle and Consumer segments in 2026

Company forecasts Food & Beverage segment to be slightly down in 2026

Result Drivers

COST REDUCTIONS - Gross profit and operating income increased due to lower material costs and manufacturing savings from Focused Transformation program

PRODUCT MIX - Improved profitability attributed in part to a more favorable product mix

PORTFOLIO ACTIONS - Net sales growth was reduced by the exit of low-margin products and idling of two rotational molding facilities

Company press release: ID:nBw7n9Bqta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$164.58 mln
$209.30 mln (1 Analyst)
Q1 Adjusted EPS
Beat
$0.44
$0.28 (1 Analyst)
Q1 EPS
$0.37
Q1 Net Income
-$1.83 mln
Q1 Adjusted EBITDA
Beat
$35.07 mln
$30.60 mln (1 Analyst)
Q1 Adjusted operating income
Beat
$25.91 mln
$20.70 mln (1 Analyst)
Q1 Gross Profit
$56.55 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for Myers Industries Inc is $26.00, about 25.5% above its May 6 closing price of $20.72

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)