Myers Industries(MYE)
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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 ...
Myers Industries(MYE) - 2023 Q1 - Earnings Call Transcript
2023-05-05 04:04
Myers Industries, Inc. Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Michael McGaugh - President, CEO & Director Monica Vinay - VP of IR, Treasurer & Interim CFO Conference Call Participants Jonnathan Navarrete - TD Cowen Robert Stephen Barger - KeyBanc Capital Markets Operator Good morning, and welcome to the Myers Industries First Quarter 2023 Earnings Conference Call. All participants are will be in listen-only mode. [Operator Instructions] After today’s presentation there ...
Myers Industries(MYE) - 2023 Q1 - Quarterly Report
2023-05-05 04:01
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 March 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 jurisdiction of (IRS Em ...
Myers Industries(MYE) - 2023 Q1 - Earnings Call Presentation
2023-05-05 03:14
| --- | --- | |-------|----------------------------| | | Earnings Call Presentation | | | First Quarter 2023 | | | May 4, 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" ...
Myers Industries(MYE) - 2022 Q4 - Annual Report
2023-03-04 05:01
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, 2022 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 ...