Myers Industries Q2 sales miss estimates

Reuters
Jul 31
Myers Industries <a href="https://laohu8.com/S/QTWO">Q2</a> sales miss estimates

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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