Myers Industries Q3 sales beat; starts sale process for Myers Tire Supply

Myers Industries

30/10/2025 11:25

Overview

Myers Industries Q3 net sales rose 0.2%, beating analyst expectations

Adjusted operating income for Q3 beats estimates, reflecting improved cost productivity

Company initiates sale process for Myers Tire Supply, partnering with KeyBanc

Outlook

Myers Industries expects moderate growth in the Industrial market for 2025

Company anticipates strong growth in Infrastructure market in 2025

Myers Industries forecasts declines in Vehicle and Consumer markets for 2025

Result Drivers

GROSS PROFIT GROWTH - Driven by favorable product mix and cost productivity improvements, says CEO Aaron Schapper

FREE CASH FLOW IMPROVEMENT - Significant increase due to better working capital management, generating $21.5 mln this qtr

COST REDUCTIONS - Idling of two production facilities identified $19 mln in structural cost reductions, aiming for $20 mln annual savings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$205.44 mln
$198.80 mln (1 Analyst)
Q3 EPS
$0.19
Q3 Net Income
$7.08 mln
Q3 Adjusted EBITDA
Beat
$30.59 mln
$30 mln (1 Analyst)
Q3 Adjusted operating income
Beat
$20.91 mln
$19.80 mln (1 Analyst)
Q3 Gross Profit
$68.57 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 17.2% above its October 29 closing price of $17.38

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw7Pxq0ka

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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.)