Myers Industries

Myers Industries, Inc. is a diversified, international plastics manufacturer of returnable packaging, storage and safety products and specialty molding. The Company is also the largest wholesale tire repair supply distributor in the United States.

Myers Industries was started in 1933, by Meyer and Louis Myers, as a tire supply storefront in Akron, Ohio. In 1946, the Company began manufacturing plastic and rubber products related to the tire industry for distribution.

In 1963, Myers Industries, Inc. was established and grew into a diversified plastics manufacturer and tire repair supply distributor. Over the last 50 years, Myers Industries has expanded to become a leading polymer manufacturer of material handling containers and wholesale distributor of tire repair and retread products for both domestic and international markets.

With over 2,500 experienced, dedicated employees, Myers Industries is committed to providing superior products that last. Trust Myers Industries to deliver the highest quality products from the most experienced team in the industry.

Myers Industries, Inc. is traded on the New York Stock Exchange under the symbol MYE and focuses on two core segments: Material Handling and Distribution.

Company Growth (employees)
Akron, US
Size (employees)
3,200 (est)+36%
Myers Industries is headquartered in Akron, US

Myers Industries Office Locations

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

Myers Industries Data and Metrics

Myers Industries Financial Metrics

Myers Industries's revenue was reported to be $558.1 m in FY, 2016 which is a 7% decrease from the previous period.

Revenue (FY, 2016)

558.1 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

164.6 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

1.1 m

EBIT (FY, 2016)

16.2 m

Market capitalization (20-Jul-2017)

553.5 m

Closing share price (20-Jul-2017)


Cash (31-Dec-2016)

7.9 m


735.1 m
Myers Industries's current market capitalization is $553.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


584.7 m623.6 m601.5 m558.1 m

Revenue growth, %


Cost of goods sold

415.2 m462.4 m423.3 m393.4 m

Gross profit

169.6 m161.3 m178.3 m164.6 m

Gross profit Margin, %


Sales and marketing expense

55.4 m60.3 m

General and administrative expense

69.8 m78.4 m

Operating expense total

125.2 m138.7 m


44.3 m22.6 m30.9 m16.2 m

EBIT margin, %


Interest expense

9 m8.2 m

Interest income

(213 k)(127 k)

Pre tax profit

21.9 m8 m

Income tax expense

39.8 m14.1 m7.8 m6.5 m

Net Income

26 m(8.7 m)17.8 m1.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


7.3 m7.9 m

Current Assets

154.3 m141.2 m


130.8 m111.5 m


64 m59.2 m

Total Assets

429.9 m381.7 m

Accounts Payable

71.3 m49 m

Total Debt

189.5 m

Current Liabilities

116.8 m79.3 m

Additional Paid-in Capital

196.7 m202 m

Retained Earnings

(77.8 m)(93.1 m)

Total Equity

97.7 m93 m

Debt to Equity Ratio

2 x

Debt to Assets Ratio

0.5 x

Financial Leverage

4.4 x4.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

26 m(8.7 m)17.8 m1.1 m

Depreciation and Amortization

24.7 m24.6 m

Accounts Receivable

3.5 m4.3 m


5.3 m9.7 m

Accounts Payable

98.3 m77.3 m(13.1 m)(27.3 m)

Cash From Operating Activities

2.6 m(1.9 m)37.7 m33.7 m

Capital Expenditures

(23.7 m)(12.5 m)

Cash From Investing Activities

47.7 m(16.1 m)

Dividends Paid

(16.7 m)(16.2 m)

Cash From Financing Activities

(81.8 m)(17.8 m)

Interest Paid

10.1 m8.9 m

Income Taxes Paid

6.5 m3.1 m10.1 m8.1 m

Free Cash Flow

61.5 m21.2 m
Y, 2016


45.5 x


21.8 x


34.7 x


2 x


0.5 x

Financial Leverage

4.1 x

Myers Industries Market Value History

Myers Industries Online and Social Media Presence

Myers Industries Company Life and Culture

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