Myers Industries Q2 revenue rises on Infrastructure and Food & Beverage strength

Myers Industries

30/07/2026 12:39

Overview
U.S. industrial products maker's Q2 revenue rose 9.8% yr/yr
Adjusted EPS for Q2 increased 60.6% yr/yr
Growth driven by transformation initiatives, improved volume and mix, and lower manufacturing costs

Outlook
Myers Industries expects moderate growth in Industrial and Food & Beverage end markets
Company sees strong growth in Infrastructure segment for 2026
Vehicle and Consumer segments expected to remain stable in 2026

Result Drivers
TRANSFORMATION INITIATIVES - Company said Focused Transformation program drove commercial improvements, better volume and mix, and lower manufacturing costs
END MARKET PERFORMANCE - Strong growth in Infrastructure and Food & Beverage offset weaker Vehicle and Consumer demand
PORTFOLIO SIMPLIFICATION - Exiting low-margin products and idling two facilities contributed to improved sales mix and margin expansion

Company press release: ID:nBw9z6947a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$179.20 mln
$166 mln (1 Analyst)
Q2 Adjusted EPS
Beat
$0.53
$0.36 (1 Analyst)
Q2 Net Income
 
$20.03 mln
 
Q2 Adjusted EBITDA
Beat
$39.06 mln
$30.60 mln (1 Analyst)
Q2 Adjusted operating income
Beat
$29.99 mln
$21.20 mln (1 Analyst)
Q2 Gross Profit
 
$61.46 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy"
Wall Street's median 12-month price target for Myers Industries Inc is $37.00, about 12.5% above its July 29 closing price of $32.89
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
July 29 - Industrial products maker Fortive lifts profit view on strong automation business
July 28 - Illinois Tool Works Q2 revenue beats on segment growth; raises outlook
July 28 - Crane Company Q2 sales rise 26%, beat estimates; outlook raised

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(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.)