Myers Industries Financials

$547 M

Revenue FY, 2017

$731.4 M

Mkt cap, 20-Apr-2018
Gross profit (FY, 2017)157.5 M
Gross profit margin (FY, 2017), %28.8%
Net income (FY, 2017)(9.9 M)
EBIT (FY, 2017)24.9 M
Cash, 31-Dec-20172.5 M
EV879.9 M

Revenue/Financials

Income Statement

Annual

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

Revenue

584.7 m623.6 m601.5 m558.1 m547 m

Revenue growth, %

7%(4%)(7%)

Cost of goods sold

415.2 m462.4 m423.3 m393.4 m389.6 m

Gross profit

169.6 m161.3 m178.3 m164.6 m157.5 m

Gross profit Margin, %

29%26%30%30%29%

Sales and marketing expense

55.4 m60.3 m56.6 m

General and administrative expense

69.8 m78.4 m78.9 m

Operating expense total

125.2 m138.7 m135.5 m

EBIT

44.3 m22.6 m30.9 m16.2 m24.9 m

EBIT margin, %

8%4%5%3%5%

Interest expense

9 m8.2 m7.3 m

Interest income

213 k127 k

Pre tax profit

21.9 m8 m15.7 m

Income tax expense

39.8 m14.1 m7.8 m6.5 m4.9 m

Net Income

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

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

28%24%28%25%29%31%29%32%31%27%30%28%28%

General and administrative expense

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

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

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

Pre tax profit

11 m1.1 m9.6 m(5.3 m)4 m17.3 m849 k(890 k)9.1 m971 k5.4 m3.8 m5.3 m

Income tax expense

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

Net Income

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

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

7.3 m7.9 m2.5 m

Accounts Receivable

Inventories

47 m

Current Assets

154.3 m141.2 m150 m

PP&E

130.8 m111.5 m83.9 m

Goodwill

64 m59.2 m60 m

Total Assets

429.9 m381.7 m355.9 m

Accounts Payable

71.3 m49 m63.6 m

Short-term debt

Current Liabilities

116.8 m79.3 m98.7 m

Long-term debt

193 m189.5 m151 m

Total Debt

189.5 m151 m

Additional Paid-in Capital

196.7 m202 m209.3 m

Retained Earnings

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

Total Equity

97.7 m93 m93.8 m

Debt to Equity Ratio

2 x

Debt to Assets Ratio

0.5 x

Financial Leverage

4.4 x4.1 x3.8 x

Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

24.7 m24.6 m20 m

Accounts Receivable

3.5 m4.3 m(6.8 m)

Inventories

5.3 m9.7 m(1.9 m)

Accounts Payable

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

Cash From Operating Activities

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

Cash From Investing Activities

47.7 m(16.1 m)4.1 m

Dividends Paid

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

Cash From Financing Activities

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

Interest Paid

10.1 m8.9 m8.9 m

Income Taxes Paid

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

Free Cash Flow

61.5 m21.2 m38.6 m

Quarterly

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

Net Income

6.5 m680 k5.7 m(2.7 m)5.2 m16.7 m17 m(3.4 m)16.7 m17 m(3.4 m)3.3 m

Ratios

USDY, 2017

EV/EBIT

35.4 x

EV/CFO

19.8 x

EV/FCF

22.8 x

Revenue/Employee

171 k

Financial Leverage

3.8 x
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