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Myers Industries (MYE) investor relations material
Myers Industries Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 net sales reached $205.4M, up 0.2% year-over-year, driven by growth in Infrastructure and Industrial segments, while Vehicle, Consumer, and Automotive Aftermarket lagged due to soft demand and lack of storm events.
Adjusted net income rose 7.7% to $9.9M, adjusted EPS increased to $0.26, and free cash flow doubled year-over-year to $21.5M, reflecting improved operational execution and cost discipline.
Profitability improved due to higher volume, favorable mix, cost productivity, and lower material costs.
The Focused Transformation program advanced, including the decision to divest the Myers Tire Supply business and idling of two rotational molding facilities to optimize the portfolio and improve margins.
Leadership transition included the appointment of a new CFO, Sam Rutty, to accelerate transformation and strategic execution.
Financial highlights
Net sales for Q3 were $205.4M, with Material Handling up 1.9% to $153.5M and Distribution down 4.4% to $52.0M.
Adjusted gross margin increased 150 bps to 33.9%, and adjusted operating margin improved 20 bps to 10.2%.
Free cash flow was $21.5M, doubling year-over-year, with operating cash flow at $25.8M and CapEx at $4.2M.
Debt reduced by $10M to $369M; net leverage ratio improved to 2.6x.
Share repurchases totaled $500,000 in Q3, $2M year-to-date, with $8M remaining under the 2025 program.
Outlook and guidance
Moderate growth expected in Industrial and strong growth in Infrastructure, with military sales projected to exceed $40M in 2025.
Vehicle, Consumer, and Automotive Aftermarket end markets anticipated to decline due to economic uncertainty and lack of storm-driven demand.
Food & Beverage market stable, with 8% year-over-year growth in Q3 and further improvement expected in Q4.
SG&A costs expected to decrease as transformation savings materialize, with $20M in annualized cost savings targeted by end of 2025.
Capex targeted at 3% of sales, focusing on high-growth opportunities.
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