Myers Industries

Myers Industries has completed the sale of its Myers Tire Supply North America unit to Lion Equity Partners for $30 million; the purchase price is subject to customary closing adjustments. The unit employs 233 people and distributes tools, equipment and accessories for tire, wheel and suspension service maintenance. The sale is part of Myers Industries’ strategic refocus on engineered resin and composite products for infrastructure, industrial, consumer, food and vehicle markets. KeyBanc and Vorys, Sater, Seymour and Pease advised on the transaction; the final agreement will be filed in a Form 8‑K with the SEC. » Más en de.investing.com

Myers Industries is executing a transformation centered on divesting Myers Tire Supply and exiting lower‑margin products to reallocate capital to Signature Systems, military applications and Scepter. In Q1 2026 revenue rose 1.8% to $164.6 million while adjusted EPS gained 57% to $0.44 and adjusted EBITDA increased 27%, with margins expanding to 21.3%. Management cites accelerating infrastructure demand—megadeck orders up over 130% year‑over‑year—and improving military visibility as drivers of higher‑quality earnings. Near‑term risks include resin inflation, weather‑sensitive consumer demand, softness in food & beverage and uncertainty on the timing of the tire‑supply divestiture. » Más en finance.yahoo.com

Myers Industries reported Q1 2026 EPS of $0.44 versus an expected $0.32, while revenue of $164.58 million missed the $209.2 million forecast. Adjusted gross margin rose to 34.7% and free cash flow climbed to $23.9 million. The company saw strong growth in its infrastructure and military segments and emphasized continued focus on operational excellence and cost reductions. The stock rose about 10.8% in premarket trading despite the revenue disappointment; Myers remains cautiously optimistic for 2026. » Más en de.investing.com