Myers Industries (MYE) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 8.1% YoY to $171.3M; Infrastructure and Food & Beverage led growth, while resin, mix and maintenance pressured margins.

• Q3 net loss was $0.9M, including $5.6M in discontinued-operations losses; adjusted diluted EPS rose 3.2% to $0.32.

• Myers Tire Supply’s North American business sale simplified the portfolio and sharpened focus on specialty engineered products and selected growth platforms.

Financial highlights

• Net sales increased $12.9M YoY, driven by $8.9M higher volume and $4.2M higher pricing, partly offset by $0.2M unfavorable currency translation.

• Gross profit fell 5.0% to $46.8M; adjusted gross margin was 28.2%, down 360 bps YoY.

• Operating income declined 11.2% to $14.8M; adjusted operating income fell 9.9% to $17.9M, and adjusted EBITDA declined 8.2% to $26.6M.

• 9M net sales rose 6.6% to $515.1M; continuing-operations income was $37.3M and adjusted EBITDA was $100.7M versus $86.5M.

Outlook and guidance

• Significant sequential margin improvement expected in Q4 as resin costs stabilize and pricing actions continue; adjusted EBITDA margin expected to return in line with its trailing 12-month average.

• 2026 outlook: strong growth in Infrastructure and Food & Beverage; moderate growth in Industrial and Consumer; Vehicle down.

• Signature Systems targets mid-to-high-teens revenue CAGR through 2029, 30% capacity additions in both 2027 and 2029, and over $60M incremental revenue from product launches.