Myers Industries Reports Q2 2025 Decline: Net Sales Down 4.8%, Net Income Drops 5.6%, EPS Falls 7.1%

Reuters
07/31
Myers Industries Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Decline: Net Sales Down 4.8%, Net Income Drops 5.6%, EPS Falls 7.1%

Myers Industries Inc. reported its financial results for the second quarter of 2025. The company experienced a decrease in net sales, which amounted to $209.6 million, down 4.8% from $220.2 million in the same period of 2024. The decline in sales was primarily attributed to lower demand in the Vehicle and Automotive Aftermarket sectors, although this was partially offset by growth in the Industrial end market, particularly in military products. The gross profit for the quarter decreased to $70.7 million, representing a 6.4% decline from the previous year's $75.5 million. Consequently, the gross margin slightly decreased from 34.3% to 33.7%. Operating income also saw a decrease of 15.8%, amounting to $20.0 million compared to $23.7 million in the prior year. Net income for the quarter was reported at $9.7 million, a decline of 5.6% from $10.3 million in the previous year. Adjusted net income was $11.4 million, down 21.5% from $14.6 million last year. Adjusted earnings per diluted share were recorded at $0.31, showing a decrease of 20.5% from $0.39 in the same quarter of the previous year. Myers Industries continues to focus on enhancing shareholder value despite the challenges reflected in the latest financial results. The company's efforts to manage pricing and volume fluctuations, along with the reduction of material costs and SG&A expenses, aim to mitigate the impact of lower demand in certain sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Myers Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-100551), on July 31, 2025, and is solely responsible for the information contained therein.

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