Myers Industries (NYSE:MYE – Get Free Report) posted its quarterly earnings data on Thursday. The industrial products company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17, FiscalAI reports. The business had revenue of $179.20 million for the quarter, compared to analyst estimates of $166.00 million. Myers Industries had a net margin of 3.36% and a return on equity of 17.23%.
Here are the key takeaways from Myers Industries’ conference call:
- Strong second-quarter performance: Revenue increased 9.8% year over year, while adjusted EBITDA rose 30.6% and adjusted EPS increased 60.6% to $0.53. Adjusted gross margin expanded 310 basis points to 34.6% and adjusted operating margin improved to 16.7%.
- Infrastructure revenue grew 52%, supported by utility, data-center, construction and turf-protection demand, while food and beverage revenue increased 48% on strong seed-box and intermediate bulk container sales. Management raised its 2026 food and beverage outlook from slightly down to moderate growth based on backlog and quoting activity.
- Military packaging is a key growth platform: Myers began shipping ammunition containers from a Poland-based production operation in April, improving access to European and NATO programs with limited capital investment. The company expects ammo-packaging revenue to grow 10%–15% annually through 2028, compared with an estimated $300 million serviceable market.
- Cash generation and balance-sheet flexibility improved, with $26.5 million of free cash flow in the quarter, a $21.2 million reduction in net debt and leverage declining to 1.9x. A new credit facility and term loan extend debt maturities to 2031, while management plans to continue reducing debt.
- Management expects infrastructure revenue to moderate in the third quarter after a FIFA World Cup-related demand spike, and resin-cost volatility is expected to pressure margins. Vehicle markets also remain mixed, with continued weakness in recreational vehicles and tariff uncertainty affecting automotive supply chains, although passenger-vehicle improvement is anticipated mainly in the fourth quarter.
Myers Industries Trading Up 5.2%
Shares of NYSE MYE traded up $1.73 during mid-day trading on Friday, hitting $34.70. 274,287 shares of the company traded hands, compared to its average volume of 330,487. The business has a 50 day moving average of $28.48 and a two-hundred day moving average of $23.89. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 49.51 and a beta of 0.88. Myers Industries has a 1 year low of $12.96 and a 1 year high of $36.00. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 1.04.
Myers Industries Announces Dividend
More Myers Industries News
Here are the key news stories impacting Myers Industries this week:
- Positive Sentiment: Second-quarter results exceeded expectations. Myers reported revenue of $179.2 million, up 9.8% year over year and above the $166 million consensus estimate. Adjusted earnings were reported at $0.53 per share, topping expectations of $0.36. Net income more than doubled to $20 million, while operating income reached $31.2 million. Myers Industries Announces 2026 Second Quarter Results
- Positive Sentiment: Defense and infrastructure demand are supporting growth. Infrastructure sales increased 52%, and the company said its ammunition-packaging business could achieve a 10% to 15% compound annual growth rate through 2028. Myers also launched European production of Scepter military ammunition containers, beginning with manufacturing in Europe and expanding its defense footprint to Poland. Local production could improve customer access, supply-chain resilience and long-term defense revenue. Myers Industries Expands Defense Manufacturing Footprint to Poland
- Positive Sentiment: Cash generation and liquidity remain solid. Operating cash flow was $32.1 million, free cash flow was $26.5 million, and total liquidity stood at $292.3 million. The company also recently refinanced and extended its credit facilities, which may improve financial flexibility for expansion. Myers Industries Posts Strong Second-Quarter 2026 Results
- Negative Sentiment: Several end markets remain weak. Vehicle revenue declined 19% and Consumer revenue fell 14%, highlighting continued uneven demand. Management expects strong Infrastructure growth but only moderate Industrial and Food & Beverage growth, with stable conditions in Vehicle and Consumer markets. The stock’s elevated valuation, including a reported P/E near 49, also leaves less room for disappointing results.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Myers Industries by 12.5% during the fourth quarter. Invesco Ltd. now owns 76,177 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 8,489 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Myers Industries by 23.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,641 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 2,394 shares during the period. XTX Topco Ltd purchased a new position in Myers Industries during the 4th quarter worth approximately $597,000. Polymer Capital Management US LLC grew its position in Myers Industries by 16.0% during the 4th quarter. Polymer Capital Management US LLC now owns 19,051 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 2,629 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Myers Industries by 9.5% during the 4th quarter. AQR Capital Management LLC now owns 414,536 shares of the industrial products company’s stock valued at $7,760,000 after purchasing an additional 36,088 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MYE. Wall Street Zen cut Myers Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp raised their target price on Myers Industries from $26.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered Myers Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.00.
About Myers Industries
Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.
Myers operates primarily through two business segments.
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