MYE · Myers Industries, Inc.

Myers Industries reported strong first quarter 2026 results, with GAAP diluted EPS from continuing operations of $0.37, up 94.7% year-over-year, and adjusted diluted EPS of $0.44, up 57.1%. Net sales increased 1.8% to $164.6 million, or 5% excluding the impact of exiting low-margin products and idling two rotational molding facilities in Q4 2025. Gross margin expanded 330 bps to 34.4%, and operating income margin expanded 450 bps to 15.1%, driven by favorable mix, lower material costs, and lower manufacturing costs from the Focused Transformation program. Adjusted EBITDA margin expanded 420 bps to 21.3%. By end market, Infrastructure grew 26% and Consumer grew 14%, while Vehicle declined 14% and Food & Beverage declined 12%. The company generated $26.7 million in operating cash flow and $23.9 million in free cash flow, with capital expenditures of $2.8 million. Net debt was reduced by $18.3 million, and the net leverage ratio stood at 2.2x. Management highlighted the positive trajectory and benefits from transformation initiatives, and provided 2026 end market outlook: Infrastructure strong growth, Industrial moderate growth, Vehicle stable, Consumer stable with normal storm response, and Food & Beverage slightly down. The company also reclassified Myers Tire Supply as discontinued operations and now reports as a single operating segment.