$566.8 M

MYE Mkt cap, 11-Oct-2018

$293.1 M

Myers Industries Revenue Q2, 2018
Myers Industries Gross profit (Q2, 2018)95.1 M
Myers Industries Gross profit margin (Q2, 2018), %32.4%
Myers Industries Net income (Q2, 2018)15.5 M
Myers Industries EBIT (Q2, 2018)25.1 M
Myers Industries Cash, 30-Jun-201838.9 M
Myers Industries EV606.5 M

Myers Industries Revenue

Myers Industries revenue was $547.04 m in FY, 2017 which is a 2.4% year over year increase from the previous period.

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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

Myers Industries Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

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

Cost of goods sold

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

Gross profit

169.6m161.3m178.3m161.9m157.5m

Gross profit Margin, %

29%26%30%30%29%

Sales and marketing expense

55.4m60.3m58.8m56.6m

General and administrative expense

69.8m78.4m73.8m78.9m

Operating expense total

125.2m138.7m132.6m135.5m

EBIT

44.3m22.6m30.9m27.4m24.9m

EBIT margin, %

8%4%5%5%5%

Interest expense

9.0m8.6m7.3m

Interest income

213.0k127.0k

Pre tax profit

21.9m18.7m15.7m

Income tax expense

39.8m14.1m7.8m7.4m4.9m

Net Income

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

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%

General and administrative expense

41.6m47.4m31.2m42.6m39.0m30.8m39.1m38.5m32.0m32.9m34.6m33.2m35.5m70.0m

Operating expense total

41.6m47.4m31.2m42.6m39.0m30.8m39.1m38.5m32.0m32.9m34.6m33.2m35.5m70.0m

EBIT

12.1m2.6m11.3m(2.7m)6.7m19.7m2.6m1.1m11.2m3.0m7.4m5.6m7.1m12.0m25.1m

EBIT margin, %

6%1%7%(2%)4%12%2%1%8%2%5%4%5%8%9%

Interest expense

1.1m1.6m1.7m2.6m2.7m2.5m1.7m2.0m2.1m2.0m2.0m1.8m1.6m3.0m

Pre tax profit

11.0m1.1m9.6m(5.3m)4.0m17.3m849.0k(890.0k)9.1m971.0k5.4m3.8m5.3m10.4m22.2m

Income tax expense

4.5m380.0k3.3m(1.7m)1.4m6.4m218.0k2.4m3.4m547.0k2.3m1.8m2.1m2.6m5.8m

Net Income

6.5m680.0k5.7m(2.7m)5.2m11.4m333.0k(3.4m)5.5m414.0k3.1m2.0m3.3m6.8m15.5m

Myers Industries Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

7.3m2.4m2.5m

Accounts Receivable

64.3m76.7m

Inventories

44.8m47.0m

Current Assets

154.3m141.2m150.0m

PP&E

130.8m106.3m83.9m

Goodwill

64.0m59.2m60.0m

Total Assets

429.9m381.7m355.9m

Accounts Payable

71.3m47.6m63.6m

Short-term debt

Current Liabilities

116.8m79.3m98.7m

Long-term debt

193.0m189.5m151.0m

Total Debt

193.0m189.5m151.0m

Additional Paid-in Capital

196.7m202.0m209.3m

Retained Earnings

(77.8m)(93.1m)(119.5m)

Total Equity

97.7m93.0m93.8m

Debt to Equity Ratio

2 x2 x1.6 x

Debt to Assets Ratio

0.4 x0.5 x0.4 x

Financial Leverage

4.4 x4.1 x3.8 x

Quarterly

USDQ1, 2018Q2, 2018

Cash

3.0m38.9m

Inventories

47.8m49.4m

Current Assets

151.2m168.0m

PP&E

79.5m73.8m

Goodwill

59.7m59.5m

Total Assets

349.7m360.7m

Accounts Payable

66.6m56.1m

Current Liabilities

96.6m88.3m

Long-term debt

144.4m78.7m

Total Debt

144.4m78.7m

Additional Paid-in Capital

210.2m289.1m

Retained Earnings

(116.5m)(112.8m)

Total Equity

95.9m181.3m

Debt to Equity Ratio

1.5 x0.4 x

Debt to Assets Ratio

0.4 x0.2 x

Financial Leverage

3.6 x2 x

Myers Industries Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

24.7m24.6m20.0m

Accounts Receivable

3.5m4.3m(6.8m)

Inventories

5.3m9.7m(1.9m)

Accounts Payable

98.3m77.3m(13.1m)(27.3m)18.3m

Cash From Operating Activities

2.6m(1.9m)37.7m33.7m44.4m

Cash From Investing Activities

47.7m(16.1m)4.1m

Dividends Paid

(16.7m)(16.2m)(16.3m)

Cash From Financing Activities

(81.8m)(17.8m)(53.7m)

Interest Paid

10.1m8.9m8.9m

Income Taxes Paid

6.5m3.1m10.1m8.1m5.7m

Free Cash Flow

14.0m21.2m38.6m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

6.5m680.0k5.7m(2.7m)5.2m16.7m17.0m(3.4m)16.7m17.0m(3.4m)3.3m6.8m15.5m

Depreciation and Amortization

6.6m13.4m

Accounts Receivable

(4.5m)9.1m

Inventories

(796.0k)(2.5m)

Accounts Payable

3.5m(8.1m)

Cash From Operating Activities

10.8m28.2m

Cash From Investing Activities

1.1m315.0k

Dividends Paid

(4.2m)(8.3m)

Cash From Financing Activities

(10.8m)(752.0k)

Free Cash Flow

9.5m25.9m

Myers Industries Ratios

USDY, 2018

EV/EBIT

24.1 x

EV/CFO

21.5 x

EV/FCF

23.4 x

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2 x
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