Overview
Myers Q2 2025 sales down 4.8% yr/yr, missing analyst expectations
Adjusted EPS for Q2 2025 fell 20.5% yr/yr
Co launches strategic review of Myers Tire Supply business
Outlook
Company on track for $20 mln cost savings by end of 2025
Myers Industries reviewing strategic options for Tire Supply business
Company expects $3 mln annual savings from production consolidation
2025 end market outlook unchanged with moderate industrial growth
Result Drivers
INDUSTRIAL SALES GROWTH - Growth in Scepter military products within the Industrial segment helped offset declines in Vehicle and Automotive Aftermarket sales
COST REDUCTION - Lower SG&A expenses contributed to operating income, despite lower pricing and volume
CASH FLOW IMPROVEMENT - Significant improvement in free cash flow, generating $25 mln during the quarter, attributed to better working capital management, particularly in accounts receivable
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $209.58 mln | $220.60 mln (1 Analyst) |
Q2 EPS | $0.26 | ||
Q2 Net Income | $9.70 mln | ||
Q2 Adjusted EBITDA | $32.88 mln | ||
Q2 Adjusted operating income | $22.81 mln | ||
Q2 Gross Profit | $70.66 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy"
Wall Street's median 12-month price target for Myers Industries Inc is $21.00, about 30.3% above its July 30 closing price of $14.64
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nBw9PBLc6a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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