$MYE
MYERS INDUSTRIES INC
CIK:0000069488|SEC Filings
Condensed Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Net sales | $ 179,202 | $ 163,232 | $ 343,782 | $ 324,899 |
| Cost of sales | 117,739 | 112,179 | 225,774 | 223,627 |
| Gross profit | 61,463 | 51,053 | 118,008 | 101,272 |
| Selling, general and administrative expenses | 26,557 | 27,353 | 54,552 | 56,638 |
| Depreciation and amortization | 3,658 | 3,756 | 7,356 | 7,508 |
| (Gain) loss on disposal of fixed assets | 76 | 105 | 76 | 86 |
| Operating income | 31,172 | 19,839 | 56,024 | 37,040 |
| Interest expense, net | 6,267 | 7,364 | 12,959 | 14,750 |
| Income from continuing operations before income taxes | 24,905 | 12,475 | 43,065 | 22,290 |
| Income tax expense (benefit) | 6,156 | 2,858 | 10,517 | 5,485 |
| Income from continuing operations | 18,749 | 9,617 | 32,548 | 16,805 |
| Income (loss) from discontinued operations, net of income tax | 1,283 | 88 | (14,344) | (295) |
| Net income | $ 20,032 | $ 9,705 | $ 18,204 | $ 16,510 |
| Income per common share from continuing operations: | ||||
| Basic | $ 0.5 | $ 0.26 | $ 0.87 | $ 0.45 |
| Diluted | 0.5 | 0.26 | 0.86 | 0.45 |
| Income (loss) per common share from discontinued operations: | ||||
| Basic | 0.03 | 0 | (0.38) | (0.01) |
| Diluted | 0.03 | 0 | (0.38) | (0.01) |
| Net income per common share: | ||||
| Basic | 0.53 | 0.26 | 0.49 | 0.44 |
| Diluted | $ 0.53 | $ 0.26 | $ 0.48 | $ 0.44 |
Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current Assets | ||
| Cash | $ 47,635 | $ 40,514 |
| Trade accounts receivable, less allowances of $1,329 and $1,060, respectively | 108,713 | 95,435 |
| Other accounts receivable, net | 7,113 | 12,195 |
| Income tax receivable | 0 | 3,783 |
| Inventories, net | 77,018 | 67,559 |
| Prepaid expenses and other current assets | 4,651 | 6,033 |
| Assets held for sale - current | 68,415 | 55,940 |
| Total Current Assets | 313,545 | 281,459 |
| Property, plant, and equipment, net | 123,375 | 127,943 |
| Right of use asset - operating leases | 19,311 | 22,199 |
| Goodwill | 240,911 | 241,284 |
| Intangible assets, net | 139,530 | 146,059 |
| Other | 8,368 | 8,230 |
| Assets held for sale | 0 | 25,402 |
| Total Assets | 845,040 | 852,576 |
| Current Liabilities | ||
| Accounts payable | 76,211 | 51,270 |
| Accrued employee compensation | 15,415 | 16,645 |
| Income taxes payable | 86 | 0 |
| Accrued taxes payable, other than income taxes | 3,639 | 1,975 |
| Accrued interest | 231 | 208 |
| Other current liabilities | 27,535 | 30,894 |
| Operating lease liability - short-term | 5,980 | 5,974 |
| Finance lease liability - short-term | 667 | 645 |
| Long-term debt - current portion | 39,479 | 34,601 |
| Liabilities held for sale - current | 25,716 | 26,801 |
| Total Current Liabilities | 194,959 | 169,013 |
| Long-term debt | 272,402 | 311,210 |
| Operating lease liability - long-term | 13,374 | 16,130 |
| Finance lease liability - long-term | 7,007 | 7,349 |
| Other liabilities | 12,349 | 14,916 |
| Deferred income taxes | 38,581 | 37,727 |
| Liabilities held for sale | 0 | 2,005 |
| Total Liabilities | 538,672 | 558,350 |
| Shareholders’ Equity | ||
| Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding) | 0 | 0 |
| Common Shares, without par value (authorized 60,000,000 shares; outstanding 37,599,933 and 37,381,741; net of treasury shares of 4,952,524 and 5,170,716, respectively) | 23,173 | 23,041 |
| Additional paid-in capital | 329,100 | 326,213 |
| Accumulated other comprehensive loss | (19,900) | (21,128) |
| Retained deficit | (26,005) | (33,900) |
| Total Shareholders’ Equity | 306,368 | 294,226 |
| Total Liabilities and Shareholders’ Equity | $ 845,040 | $ 852,576 |