Myers Industries(MYE)
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Myers Industries(MYE) - 2024 Q1 - Quarterly Results
2024-05-07 18:33
Exhibit 99.1 Myers Industries Announces First Quarter 2024 Results Newly acquired Signature Systems delivers strong results due to Infrastructure tailwinds. Management maintains full-year outlook guiding to lower end of earnings-per-share range, based on Q1 results and weakness in Automotive Aftermarket, Vehicle and Consumer end markets. Additional Self-Help actions to be taken in near term to improve EBITDA while executing five-year roadmap as outlined during recent Investor Day. May 7, 2024, Akron, Ohio - ...
Myers Industries(MYE) - 2023 Q4 - Annual Report
2024-03-06 05:00
2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________ COMMISSION FILE NUMBER 001-08524 MYERS INDUSTRIES, INC. (Exact name of registrant as specified in its charter) OHIO 34-0778636 (State or other juris ...
Myers Industries(MYE) - 2023 Q4 - Earnings Call Transcript
2024-03-05 23:45
财务数据和关键指标变化 - 2023年全年收入为8.131亿美元,同比下降9.6% [17] - 2023年全年调整后毛利为2.599亿美元,调整后毛利率为32%,同比提升40个基点 [17] - 2023年全年调整后EBITDA为9800万美元,同比下降10.1% [10] - 2023年全年调整后每股收益为1.39美元,同比下降17.2% [10] 各条业务线数据和关键指标变化 - 材料处理业务2023年第四季度收入下降10.8%,主要受RV、海洋、农业和消费品市场需求疲软影响 [20] - 材料处理业务2023年第四季度调整后EBITDA增长11.2%,调整后EBITDA率提升440个基点至22.4% [20] - 分销业务2023年第四季度收入下降9.1%,主要受销量下降影响,但价格上涨部分抵消了销量下降 [20] - 分销业务2023年第四季度调整后EBITDA下降76.4%,主要受产品成本上升和销量下降影响 [20] 各个市场数据和关键指标变化 - RV、海洋和消费品市场需求持续疲软,对材料处理业务产生不利影响 [12][20] - 农业市场需求下降,对材料处理业务的大型种子箱产品产生价格压力 [35][36] - 汽车轮胎维修行业持续整合,为分销业务带来长期增长机遇 [44][45] - 基础设施投资带动Signature Systems业务的强劲增长 [46] 公司战略和发展方向及行业竞争 - 公司正在实施3个阶段的战略转型,目前处于Horizon 1阶段 [8][25] - 通过收购Signature Systems,公司向Horizon 1目标迈进,并为Horizon 2奠定基础 [14] - 公司正在通过自助式的卓越运营和商业卓越来提升盈利能力,为未来增长奠定基础 [11][26][27] - 公司正在整合分销业务的销售组织和ERP系统,以提升服务水平和盈利能力 [13][38][39] 管理层对经营环境和未来前景的评论 - 尽管面临周期性市场需求下滑,但公司通过自助式改善措施提升了抗风险能力 [11][26][27] - 公司看好RV、海洋和消费品市场的长期前景,并将在这些市场反弹时受益 [41][42][43] - 公司看好基础设施投资带来的Signature Systems业务增长机遇 [46] - 公司对2024年的收入和利润增长充满信心,预计收入增长15%-20%,调整后每股收益1.30-1.45美元 [23][24] 问答环节重要的提问和回答 问题1 **Christian Zyla 提问** 2024年收入指引中,有多少来自于有机增长,有多少来自于Signature Systems收购? [33][34] **Grant Fitz 回答** 公司预计2024年有1-2位数的有机增长,加上Signature Systems收购带来的10%-15%增长,共实现15%-20%的收入增长 [34] 问题2 **Christian Zyla 提问** 2023年第四季度,价格和销量对收入的贡献分别如何,分销业务和材料处理业务有何不同? [35][36] **Grant Fitz 回答** 分销业务价格上涨对收入有较大贡献,而材料处理业务中农业市场的价格压力抵消了部分原材料成本下降带来的利润改善 [36] 问题3 **Christian Zyla 提问** 原材料价格下降对材料处理业务毛利率的影响有多大? [47][48] **Michael McGaugh 回答** 公司采购团队发挥了很好的作用,但原材料价格下降的利润改善被农业市场的价格压力所抵消,整体毛利率受到一定影响 [48]
Myers Industries(MYE) - 2023 Q4 - Earnings Call Presentation
2024-03-05 21:49
Earnings Call Presentation Fourth Quarter and Full Year 2023 March 5, 2024 Safe Harbor Statement & Non-GAAP Measures Statements in this release include contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as ...
Myers Industries(MYE) - 2023 Q4 - Annual Results
2024-03-05 19:30
Exhibit 99.1 Myers Industries Announces Fourth Quarter and Full Year 2023 Results Self-Help Initiatives and Myers Business System Drive Solid Operating Performance Company Initiates Fiscal Year 2024 Outlook and Expects Improved Profitability as Compared to Prior Year Myers to Host Investor & Analyst Day Event in New York City on March 19, 2024 March 5, 2024, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wh ...
Myers Industries(MYE) - 2023 Q3 - Quarterly Report
2023-11-02 04:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-08524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) Ohio 34-0778636 (State or other jurisdiction of (IR ...
Myers Industries(MYE) - 2023 Q3 - Earnings Call Transcript
2023-11-02 02:42
财务数据和关键指标变化 - 第三季度净销售额下降13.3%,主要是材料处理和分销两个业务部门的销售下降 [17] - 尽管销售下降,但调整后毛利率增加20个基点至30.7%,这是公司连续第七个季度实现同比毛利率扩张 [18] - 第三季度调整后营业利润下降9%,主要是毛利下降未能完全被销售费用降低抵消 [21] - 第三季度调整后EBITDA下降5.6%,但调整后EBITDA利润率增加110个基点至13% [22] - 第三季度调整后每股收益为0.38美元,同比下降7.3% [22] 各条业务线数据和关键指标变化 材料处理业务 - 第三季度销售额下降14.9%,主要是露营车、游艇和面向消费者的市场需求疲软 [23] - 调整后EBITDA下降11.6%,但调整后EBITDA利润率增加70个基点至19%,得益于自助改善措施 [24] 分销业务 - 第三季度销售额下降9.8%,主要是销量下降 [25] - 尽管销售下降,但调整后EBITDA增加9.4%至6.6百万美元,得益于定价改善和成本结构优化 [26] 各个市场数据和关键指标变化 - 露营车和游艇市场需求疲软,预计将持续至2024年 [60] - 军品相关产品需求强劲,预计将弥补燃料罐市场的减少 [40][41] - 工业食品和汽车Buckhorn业务有望弥补农业装备销售可能下降带来的种子箱销售下滑 [42] - 电商将是重要的有机增长动力,确保材料处理和分销业务在短期和中期内实现高于市场的增长 [43] - 电动车浪潮将增加轮胎维修需求,带动分销业务增长 [44][45] 公司战略和发展方向及行业竞争 - 公司保持专注于有机增长和战略性并购,以实现1000亿美元收入和15%EBITDA利润率的Horizon 1目标 [36][37][38] - 公司将专注于更大规模、更有影响力的并购,利用在Horizon 1阶段积累的经验和能力 [47][48] - 公司正在持续优化运营卓越,通过Myers业务系统提升供应链和采购效率,实现成本节约 [49][50] - 公司正在建设高绩效文化,通过引进行业资深人才提升组织能力 [51][52] 管理层对经营环境和未来前景的评论 - 尽管面临宏观经济挑战和部分市场需求疲软,但公司通过自助改善措施保持了毛利率和EBITDA利润率的韧性 [9][10] - 公司看好军品、工业食品和汽车等领域的有机增长机会,以及电动车和老旧车队带来的分销业务增长 [40][41][42][44][45] - 公司保持谨慎乐观,相信可以在适当的时机和价格条件下进行有价值的并购 [12][13][14] 其他重要信息 - 公司第三季度自由现金流增加84%至18.1百万美元,主要得益于营运资金改善 [28] - 公司维持强劲的资产负债表,净负债/调整后EBITDA仅0.7倍,为未来增长提供支持 [29] - 公司2023年全年收入指引下调至中高个位数下降,调整后每股收益指引下调至1.20-1.28美元 [30][31] 问答环节重要的提问和回答 问题1 **Lance Vitanza 提问** 公司是否会过度专注于成本控制,而影响未来需求恢复时的参与度 [69][70] **Michael McGaugh 回答** 公司正在保持投资于销售、营销和创新,同时通过Myers业务系统持续优化成本,以保持未来增长的能力 [71][72][73] 问题2 **Christian Zyla 提问** 公司2024年上半年的有机增长预期如何 [92][93][94][95] **Michael McGaugh 和 Grant Fitz 回答** 公司看好汽车后市场、电商和军品业务的增长前景,但对露营车和游艇市场保持谨慎态度 [92][93][94][95] 问题3 **William Dezellem 提问** 公司在军品炮弹壳业务中是否存在替代竞争风险 [107][108][109][110][111][112][113] **Michael McGaugh 回答** 公司目前在该领域具有技术优势,未来可能会面临更多竞争,但公司有信心保持领先地位 [107][108][109][110][111][112][113]
Myers Industries(MYE) - 2023 Q3 - Earnings Call Presentation
2023-11-02 00:24
Earnings Call Presentation Third Quarter 2023 November 1, 2023 Safe Harbor Statement & Non-GAAP Measures Statements in this presentation include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed “forward-looking”. Words such as “will”, “expect”, “believe”, “project”, “plan”, “anticipate”, “intend”, “objective”, “outlook”, “target”, “goal”, “view” and similar expressions identify forward-looking ...
Myers Industries(MYE) - 2023 Q2 - Earnings Call Transcript
2023-08-06 21:00
Myers Industries, Inc. (NYSE:MYE) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Michael McGaugh - President & Chief Executive Officer Grant Fitz - Financial Officer Conference Call Participants Jonnathan Navarrete - TD Cowen Operator Hello and welcome to today's Myers Industries, Inc. Q2 2023 Earnings Call. My name is Jordan and I'll be coordinating your call today. [Operator Instructions] I'm now going to hand over to Grant Fitz, Chief Financial Officer at Myers Industries ...
Myers Industries(MYE) - 2023 Q2 - Quarterly Report
2023-08-04 04:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-08524 Myers Industries, Inc. (Exact name of registrant as specified in its charter) Ohio 34-0778636 (State or other jurisdiction of (IRS Emp ...