Myers Industries (MYE) Q2 2026 earnings summary

Executive summary

• Q2 2026 net sales rose 9.8% year-over-year to $179.2 million, driven by strong growth in Infrastructure (up 52%) and Food & Beverage (up 48%), with favorable pricing, volume, and currency translation.

• Adjusted EPS increased 60.6% to $0.53, and EPS from continuing operations rose 92.3% year-over-year; adjusted EBITDA grew 30.6% to $39.1 million, reflecting margin expansion and operational improvements.

• Focused Transformation program and segment realignment simplified operations, improved productivity, and positioned the business for sustainable growth.

• Strategic investments in military packaging and European expansion, along with leadership changes, are supporting long-term value creation.

• Net income for Q2 2026 was $20.0 million, more than double the prior year’s $9.7 million.

Financial highlights

• Net sales for Q2 2026 were $179.2 million (+9.8% YoY); excluding exited low-margin products, sales increased 13%.

• Adjusted gross margin rose to 34.6%; adjusted operating margin improved to 16.7%, up 410 basis points year-over-year.

• Adjusted EBITDA margin reached 21.8%, up 350 basis points year-over-year.

• Free cash flow for Q2 was $26.5 million, up 10.5% sequentially.

• Net interest expense for Q2 2026 was $6.3 million, down 14.9% year-over-year.

Outlook and guidance

• 2026 outlook projects moderate growth in Industrial and Food & Beverage, strong growth in Infrastructure, and stable conditions in Vehicle and Consumer segments.

• Infrastructure expected to maintain strong growth, with some moderation in turf protection demand post-World Cup and typical seasonality in Q3.

• Continued margin pressure expected in Q3 due to resin market volatility; company is monitoring resin costs and taking pricing actions.

• Full-year 2026 capital expenditures expected to be approximately 3.5% of revenue.

• Management believes liquidity and borrowing capacity are sufficient to meet business requirements and navigate macroeconomic uncertainty.