Myers Industries (MYE) Q4 2025 earnings summary

Executive summary

• Fourth quarter 2025 net sales were flat year-over-year at $204 million, with growth in Infrastructure and Industrial offset by softness in Consumer and Vehicle demand; excluding the exit of low-margin products and idling of two facilities, sales would have risen 3%.

• Adjusted EPS for Q4 improved 63% year-over-year, with both gross and operating margins expanding; Q4 EPS rose 173%.

• Free cash flow for 2025 increased 23% to $67.2 million, supporting investments, debt reduction, and shareholder returns.

• Transformation program and cost reductions delivered $20 million in annualized savings, mainly in SG&A.

• Portfolio realignment advanced with the planned divestiture of Myers Tire Supply, focusing on core businesses.

Financial highlights

• Q4 net sales: $204 million, flat year-over-year; adjusted gross margin up 140 bps to 33.6%; adjusted EBITDA up 17% to $32.1 million.

• Full year 2025 net sales: $825.7 million, down 1.3% year-over-year; adjusted EBITDA reached $124.2 million, up 1.6% with a 15% margin.

• Free cash flow for the year: $67.2 million, up 23%; net debt reduced by $44.2 million; net leverage ratio at year-end: 2.4x.

• Year-end cash balance: $45.1 million; total liquidity: $289.8 million, including $244.7 million revolver availability.

• $23 million returned to shareholders via dividends and share repurchases in 2025.

Outlook and guidance

• 2026 outlook anticipates moderate growth in Industrial, strong growth in Infrastructure, stable Vehicle, slightly down Food & Beverage, and slightly down Consumer markets; excludes impact of exited low-margin products and idled facilities.

• Strategic priorities for 2026 include focusing on core markets, operational excellence, and investments in high-return growth platforms.

• No outlook provided for Automotive Aftermarket due to planned divestiture.