Myers Industries: Q2 Earnings Insights

Shares of Myers Industries (NYSE:MYE) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 14.81% over the past year to $0.23, which beat the estimate of $0.13.

Revenue of $118,394,000 declined by 11.83% year over year, which beat the estimate of $107,290,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 30, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestor.myersindustries.com%2Finvestor-relations%2Fevents%2Fdefault.aspx&eventid=2396145&sessionid=1&key=55046B50BBC43EA180F53D78011F23B2&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $18.46

52-week low: $6.91

Price action over last quarter: Up 34.03%

Company Profile

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under vehicle service on passenger, heavy truck, and off-road vehicles.