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Myers Industries

OverviewSuggest Edit

Myers Industries is a company that manufactures polymer products and distributes tools for the tire, wheel, and under-vehicle service industries. It works within two business segments: Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets plastic and metal products, including small parts storage bins, plastic recreational vehicle tanks and parts, marine tanks and parts, portable plastic fuel tanks, water containers, etc. The Distribution Segment is engaged in the distribution of tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles, as well as in the manufacture of tire repair materials and custom rubber products.
TypePublic
Founded1933
HQAkron, OH, USMap
Websitemyersindustries.com
Employee Ratings2.7More
View Jobs (72)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)2,400(+47%)
Job Openings72
Revenue (FY, 2020)$510.4 M(-1%)
Share Price (May 2022)$23.5
Cybersecurity ratingAMore
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Key People/Management at Myers Industries

Mike McGaugh

Mike McGaugh

President and Chief Executive Officer, Director
Sonal Robinson

Sonal Robinson

Executive Vice President and Chief Financial Officer
Jeff Baker

Jeff Baker

Vice President, Shared Services
Jim Gurnee

Jim Gurnee

Vice President, Sales, Marketing, and Commercial Excellence
Dave Basque

Dave Basque

Vice President, Integration, Vice President, Material Handling Segment, Injection Molding
Mike Miller

Mike Miller

Vice President, Material Handling Segment
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Myers Industries Office Locations

Myers Industries has an office in Akron
Akron, OH, US (HQ)
1293 S Main St
Show all (1)

Myers Industries Financials and Metrics

Myers Industries Revenue

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Myers Industries's revenue was reported to be $510.37 m in FY, 2020 which is a 1% decrease from the previous period.
USD

Revenue (Q3, 2021)

200.1m

Gross profit (Q3, 2021)

54.2m

Gross profit margin (Q3, 2021), %

27.1%

Net income (Q3, 2021)

7.9m

EBIT (Q3, 2021)

11.8m

Market capitalization (13-May-2022)

852.7m

Closing stock price (13-May-2022)

23.5

Cash (30-Sept-2021)

14.8m

EV

989.6m
Myers Industries's current market capitalization is $852.7 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

566.7m515.7m510.4m

Revenue growth, %

(9%)(1%)

Cost of goods sold

387.4m344.4m338.4m

Gross profit

179.3m171.3m172.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

139.1m134.3m125.5m122.3m118.4m132.3m174.4m187.4m200.1m

Cost of goods sold

93.6m87.3m85.9m79.8m75.8m85.2m124.0m132.4m145.9m

Gross profit

45.6m46.9m39.6m42.5m42.6m47.1m50.4m55.0m54.2m

Gross profit Margin, %

33%35%32%35%36%36%29%29%27%
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

58.9m75.5m28.3m

Accounts Receivable

72.9m62.3m83.7m

Prepaid Expenses

2.5m2.8m4.8m

Inventories

43.6m44.3m65.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

67.3m75.2m74.8m73.2m72.3m83.7m16.7m13.5m14.8m

Accounts Receivable

71.9m73.1m65.1m65.3m71.3m75.5m94.6m98.6m116.2m

Prepaid Expenses

1.8m4.6m3.4m3.0m5.7m4.6m9.6m9.6m7.2m

Inventories

42.5m42.3m44.0m49.1m49.6m48.1m69.8m79.5m90.4m
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(3.3m)24.3m36.8m

Depreciation and Amortization

26.1m23.6m20.9m

Inventories

3.2m2.2m(7.9m)

Accounts Payable

713.0k(20.7m)4.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

6.8m13.4m18.6m16.7m25.1m33.8m7.3m18.4m26.3m

Depreciation and Amortization

6.0m12.1m17.7m5.8m11.8m15.9m5.3m10.8m15.6m

Inventories

1.2m1.5m2.4m(5.2m)(5.5m)(3.9m)(3.9m)(13.4m)(21.8m)

Accounts Payable

(12.4m)(15.0m)(15.5m)2.6m2.7m8.4m13.8m25.7m26.0m
show all
USDFY, 2018

Revenue/Employee

314.9k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x
Show all financial metrics

Myers Industries Operating Metrics

FY, 2018FY, 2019FY, 2020

Branches

333

Distribution Centers

455

Manufacturing Facilities

8815

Sales Offices

15135
Show all operating metrics

Myers Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
Elkhart Plastics, Inc.November 10, 2020$100 m
Tuffy Manufacturing Industries, Inc.August 26, 2019$20 m
Akro-Mils
Ameri-Kart Corp.
Ameri-Kart (MI) Corp.
Buckhorn Canada
Buckhorn Inc.
Buckhorn Services, Inc.
DSS Direct, Inc.
Elkhart Plastics LLC
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Myers Industries Revenue Breakdown

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Myers Industries revenue breakdown by business segment: 32.6% from Distribution and 67.4% from Material Handling

Myers Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

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Myers Industries Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Myers Industries Online and Social Media Presence

Myers Industries's Trends

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Myers Industries News and Updates

July 23, 2018

Myers Industries: Buy The Pullback?

May 07, 2018

Myers Industries, Inc. 2018 Q1 - Results - Earnings Call Slides

 Myers Industries Frequently Asked Questions

  • When was Myers Industries founded?

    Myers Industries was founded in 1933.

  • Who are Myers Industries key executives?

    Myers Industries's key executives are Mike McGaugh, Sonal Robinson and Jeff Baker.

  • How many employees does Myers Industries have?

    Myers Industries has 2,400 employees.

  • What is Myers Industries revenue?

    Latest Myers Industries annual revenue is $510.4 m.

  • What is Myers Industries revenue per employee?

    Latest Myers Industries revenue per employee is $212.7 k.

  • Who are Myers Industries competitors?

    Competitors of Myers Industries include Kordsa, HEXPOL and SP Group.

  • Where is Myers Industries headquarters?

    Myers Industries headquarters is located at 1293 S Main St, Akron.

  • Where are Myers Industries offices?

    Myers Industries has an office in Akron.

  • How many offices does Myers Industries have?

    Myers Industries has 1 office.