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)
Myers Industries Office Locations
Myers Industries Data and Metrics
Myers Industries Financial Metrics
Revenue (FY, 2016) | 558.1 m |
Revenue growth (FY, 2015 - FY, 2016), % | (7%) |
Gross profit (FY, 2016) | 164.6 m |
Gross profit margin (FY, 2016), % | 30% |
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) | 18.7 |
Cash (31-Dec-2016) | 7.9 m |
EV | 735.1 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 584.7 m | 623.6 m | 601.5 m | 558.1 m |
Revenue growth, % | 7% | (4%) | (7%) | |
Cost of goods sold | 415.2 m | 462.4 m | 423.3 m | 393.4 m |
Gross profit | 169.6 m | 161.3 m | 178.3 m | 164.6 m |
Gross profit Margin, % | 29% | 26% | 30% | 30% |
Sales and marketing expense | 55.4 m | 60.3 m | ||
General and administrative expense | 69.8 m | 78.4 m | ||
Operating expense total | 125.2 m | 138.7 m | ||
EBIT | 44.3 m | 22.6 m | 30.9 m | 16.2 m |
EBIT margin, % | 8% | 4% | 5% | 3% |
Interest expense | 9 m | 8.2 m | ||
Interest income | (213 k) | (127 k) | ||
Pre tax profit | 21.9 m | 8 m | ||
Income tax expense | 39.8 m | 14.1 m | 7.8 m | 6.5 m |
Net Income | 26 m | (8.7 m) | 17.8 m | 1.1 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 7.3 m | 7.9 m | ||
Current Assets | 154.3 m | 141.2 m | ||
PP&E | 130.8 m | 111.5 m | ||
Goodwill | 64 m | 59.2 m | ||
Total Assets | 429.9 m | 381.7 m | ||
Accounts Payable | 71.3 m | 49 m | ||
Total Debt | 189.5 m | |||
Current Liabilities | 116.8 m | 79.3 m | ||
Additional Paid-in Capital | 196.7 m | 202 m | ||
Retained Earnings | (77.8 m) | (93.1 m) | ||
Total Equity | 97.7 m | 93 m | ||
Debt to Equity Ratio | 2 x | |||
Debt to Assets Ratio | 0.5 x | |||
Financial Leverage | 4.4 x | 4.1 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 26 m | (8.7 m) | 17.8 m | 1.1 m |
Depreciation and Amortization | 24.7 m | 24.6 m | ||
Accounts Receivable | 3.5 m | 4.3 m | ||
Inventories | 5.3 m | 9.7 m | ||
Accounts Payable | 98.3 m | 77.3 m | (13.1 m) | (27.3 m) |
Cash From Operating Activities | 2.6 m | (1.9 m) | 37.7 m | 33.7 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 m | 8.9 m | ||
Income Taxes Paid | 6.5 m | 3.1 m | 10.1 m | 8.1 m |
Free Cash Flow | 61.5 m | 21.2 m |
| Y, 2016 | |
|---|---|
EV/EBIT | 45.5 x |
EV/CFO | 21.8 x |
EV/FCF | 34.7 x |
Debt/Equity | 2 x |
Debt/Assets | 0.5 x |
Financial Leverage | 4.1 x |
