Myers Industries(NYSE) MYE

Myers makes containers that help businesses store and move goods. They also sell tools to shops that fix tires and cars. Their products help farmers and factories work more efficiently.

What Myers Makes

• Material Handling: Produces reusable plastic containers, pallets, and storage bins for industrial and food markets; accounts for 75% of net sales.
• Distribution: Supplies tools, valves, and equipment for tire servicing and under-vehicle repair; accounts for 25% of net sales.
• Fuel and Water Tanks: Manufactures portable fuel containers and tanks for marine, military, and consumer use under the Scepter brand.
• Ground Protection: Offers composite matting used to protect stadium turf or create temporary roads for construction through Signature Systems.

Recent Moves and Changes

• Acquired Signature CR Intermediate Holdco, Inc. on February 8, 2024, to increase focus on value-added engineered plastic products.
• Started a strategic review to sell the domestic and Central American parts of the Myers Tire Supply business.
• Idled specific manufacturing facilities in Georgia and Ohio as part of restructuring efforts to improve overall profit margins.

How the Business Works

Myers uses specialized molding methods to create durable plastic products that can be recycled and reprocessed at the end of their service life. The company maintains a broad operational network with 14 manufacturing sites and multiple distribution centers across the United States, Canada, and Central America.

The Latest Financial Numbers

• Operating income reached $31 million in Q4 2025, up 111.8% from $15 million in Q4 2024.
• Net income hit $11 million in Q4 2025, up 163.7% from $4 million in Q4 2024.
• Net sales for the full year 2025 were $826 million, a 1.3% decrease from the previous year.
• Free cash flow hit $19 million in Q4 2025, down 6.3% from $20 million in Q4 2024.

The Big Picture

Myers has evolved from a small tire supply storefront into an international manufacturer of sustainable plastic solutions. This shift toward high-growth engineered products and streamlined distribution marks a significant change in its long-term business strategy.