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Myers Industries manufactures a diverse range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The Company is engaged in the manufacturing of plastic reusable material handling containers and pallets, and plastic fuel tanks. Other principal product lines include plastic storage and organization containers, rubber tire repair products and custom plastic and rubber products. Myers Industries is also the wholesale distributor of tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry. The distribution products range from tire balancers and alignment systems to valve caps, tire repair tools, and other consumable service supplies.

TypePublic
Founded1933
HQAkron, US
Websitemyersindustries.com
Employee Ratings2.3

Latest Updates

Employees (est.) (Dec 2018)1,800(-5%)
Job Openings8
Revenue (FY, 2018)$566.7 M(+4%)
Share Price (Mar 2019)$17 (-5%)

Key People/Management at Myers Industries

R. David Banyard

R. David Banyard

President & Chief Executive Officer, Myers Industries, Inc.
Sarah R. Coffin

Sarah R. Coffin

Chairman, Compensation Committee; Audit Committee
F. Jack Liebau

F. Jack Liebau

Chairman of the Board; Audit Committee; Compensation Committee; Governance & Nominating Committee
Bruce M. Lisman

Bruce M. Lisman

Chairman, Governance & Nominating Committee; Compensation Committee
Robert A. Stefanko

Robert A. Stefanko

Chairman, Audit Committee; Compensation Committee
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Myers Industries Office Locations

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

Myers Industries Revenue

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Myers Industries's revenue was reported to be $566.74 m in FY, 2018
USD

Revenue (FY, 2018)

566.7m

Gross profit (FY, 2018)

179.3m

Gross profit margin (FY, 2018), %

31.6%

Net income (FY, 2018)

(3.3m)

EBIT (FY, 2018)

6.3m

Market capitalization (22-Mar-2019)

603.0m

Closing stock price (22-Mar-2019)

17.0

Cash (31-Dec-2018)

58.9m

EV

620.9m
Myers Industries's current market capitalization is $603 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

584.7m623.6m601.5m534.4m547.0m566.7m

Revenue growth, %

7%(4%)(11%)2%

Cost of goods sold

415.2m462.4m423.3m372.5m389.6m387.4m

Gross profit

169.6m161.3m178.3m161.9m157.5m179.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

194.9m208.8m152.8m162.1m156.3m164.3m141.7m151.2m144.1m132.7m141.7m142.3m144.1m152.6m293.1m

Cost of goods sold

141.3m158.8m110.3m122.1m110.6m113.8m100.0m103.0m99.6m96.8m99.7m103.0m103.3m105.5m198.0m

Gross profit

53.6m50.0m42.5m40.0m45.8m50.6m41.7m48.2m44.5m35.9m42.0m39.3m40.7m47.1m95.1m

Gross profit Margin, %

28%24%28%25%29%31%29%32%31%27%30%28%28%31%32%
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Cash

6.5m7.3m2.4m2.5m58.9m

Accounts Receivable

64.3m76.7m

Inventories

44.8m47.0m43.6m

Current Assets

234.9m154.3m141.2m150.0m182.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

5.7m35.8m8.4m3.9m5.2m5.6m6.5m5.5m7.3m4.7m4.5m3.0m38.9m

Inventories

47.8m49.4m

Current Assets

265.8m334.6m345.0m176.8m165.9m164.6m152.0m145.7m144.8m144.5m153.3m151.2m168.0m

PP&E

146.5m95.7m134.6m131.4m129.1m128.4m124.4m118.3m105.4m94.0m91.9m79.5m73.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

26.0m(8.7m)17.8m1.1m(9.9m)(3.3m)

Depreciation and Amortization

24.7m24.6m20.0m26.1m

Inventories

5.3m9.7m(1.9m)3.2m

Accounts Payable

98.3m77.3m(13.1m)(27.3m)18.3m713.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

6.5m680.0k5.7m(2.7m)5.2m16.7m17.0m(3.4m)16.7m17.0m(3.4m)5.1m3.3m6.8m15.5m

Depreciation and Amortization

16.3m6.6m13.4m

Inventories

(2.1m)(796.0k)(2.5m)

Accounts Payable

7.1m3.5m(8.1m)
USDY, 2018

EV/EBIT

98.1 x

EV/CFO

10.1 x

EV/FCF

11.1 x

Revenue/Employee

314.9k

Financial Leverage

2.3 x
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Myers Industries Revenue Breakdown

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Myers Industries revenue breakdown by business segment: 28.6% from Distribution and 71.4% from Material Handling

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Myers Industries Online and Social Media Presence

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Myers Industries News and Updates

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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 R. David Banyard, Sarah R. Coffin and F. Jack Liebau.

  • How many employees does Myers Industries have?

    Myers Industries has 1,800 employees.

  • What is Myers Industries revenue?

    Latest Myers Industries annual revenue is $566.7 m.

  • What is Myers Industries revenue per employee?

    Latest Myers Industries revenue per employee is $314.9 k.

  • Who are Myers Industries competitors?

    Competitors of Myers Industries include Discount Tire, Laminated Materials Corporation and US Precision Mold.

  • 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.