Myers Industries Q1 Earnings Call Highlights

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Tue, May 12, 2026 astatine 4:10 AM CDT 7 min read

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Key Points

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Myers Industries delivered a beardown Q1 2026, with adjusted EPS up 57.1% twelvemonth implicit twelvemonth to $0.44 and adjusted EBITDA up 27%, portion EBITDA borderline expanded to 21.3%. Management said the results amusement aboriginal advancement from its “focused transformation” efforts.
Profitability and currency travel improved materially, arsenic adjusted gross borderline roseate to 34.7% and escaped currency travel reached $23.9 million. The institution besides reduced nett indebtedness by $18.3 million, leaving nett leverage astatine 2.2x and wrong its people range.
The institution reaffirmed its 2026 outlook portion flagging near-term unit from higher resin costs, which whitethorn measurement connected second-quarter gross margins. Myers expects to offset this done pricing actions and outgo reductions, portion continuing to prioritize indebtedness simplification and the planned MTS sale.

Is Myers Industries Poised for a Breakout?

Myers Industries (NYSE:MYE) reported a stronger archetypal 4th of 2026, with absorption pointing to gross growth, borderline betterment and higher escaped currency travel arsenic aboriginal grounds that its “focused transformation” programme is gaining traction.

President and Chief Executive Officer Aaron Schapper said the institution “began 2026 connected a affirmative trajectory,” gathering connected momentum from 2025. He said Myers is seeing benefits from initiatives aimed astatine improving margins, expanding operating ratio and embedding continuous betterment crossed the organization.

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For the archetypal quarter, adjusted net per stock roseate 57.1% twelvemonth implicit twelvemonth to $0.44. Adjusted EBITDA accrued 27%, portion adjusted EBITDA borderline expanded to 21.3%, up 420 ground points from the prior-year period. Net income accrued 1.8% twelvemonth implicit year, oregon 5% excluding the interaction of the company’s fourth-quarter 2025 determination to exit low-margin products and idle 2 rotational molding facilities.

Margin Gains and Cash Flow Improvement

Executive Vice President and Chief Financial Officer Samantha Rutty said adjusted gross borderline improved to 34.7%, driven by favorable mix, little worldly costs and little manufacturing costs. Adjusted operating borderline roseate to 15.7%.

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The institution besides reported stronger currency generation. Operating currency travel was $26.7 cardinal successful the quarter, portion superior expenditures were $2.8 million, producing escaped currency travel of $23.9 million. Rutty said escaped currency travel was importantly higher than past twelvemonth and up 28.5% compared with the 4th quarter.

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