Myers Industries Q2 sales miss estimates

Myers Industries

31/07/2025 12:22

Overview

Myers Q2 2025 sales down 4.8% yr/yr, missing analyst expectations

Adjusted EPS for Q2 2025 fell 20.5% yr/yr

Co launches strategic review of Myers Tire Supply business

Outlook

Company on track for $20 mln cost savings by end of 2025

Myers Industries reviewing strategic options for Tire Supply business

Company expects $3 mln annual savings from production consolidation

2025 end market outlook unchanged with moderate industrial growth

Result Drivers

INDUSTRIAL SALES GROWTH - Growth in Scepter military products within the Industrial segment helped offset declines in Vehicle and Automotive Aftermarket sales

COST REDUCTION - Lower SG&A expenses contributed to operating income, despite lower pricing and volume

CASH FLOW IMPROVEMENT - Significant improvement in free cash flow, generating $25 mln during the quarter, attributed to better working capital management, particularly in accounts receivable

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$209.58 mln
$220.60 mln (1 Analyst)
Q2 EPS
$0.26
Q2 Net Income
$9.70 mln
Q2 Adjusted EBITDA
$32.88 mln
Q2 Adjusted operating income
$22.81 mln
Q2 Gross Profit
$70.66 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 $21.00, about 30.3% above its July 30 closing price of $14.64

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw9PBLc6a

(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.)