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Myers Industries Inc

Consumer Cyclical US MYE

22.03USD
0.02(0.09%)

Last update at 2024-04-25T20:10:00Z

Day Range

21.6222.03
LowHigh

52 Week Range

15.5325.73
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 78.21M 45.09M 48.86M 33.18M 1.39M
Minority interest - - - - -
Net income 60.27M 33.54M 36.77M 24.33M -3.34900M
Selling general administrative 199.49M 163.50M 74.01M 76.78M 79.83M
Selling and marketing expenses - - 56.32M 56.35M 59.50M
Gross profit 283.37M 211.42M 171.96M 171.31M 179.29M
Reconciled depreciation 21.22M 20.89M 20.93M 23.58M 26.12M
Ebit 83.94M 49.30M 53.55M 37.27M 6.63M
Ebitda 104.49M 68.80M 74.48M 61.77M 32.75M
Depreciation and amortization 20.55M 19.50M 20.93M 24.50M 26.12M
Non operating income net other - - - - -
Operating income 83.94M 49.30M 53.55M 37.27M 6.33M
Other operating expenses 816.27M 713.52M 456.82M 477.52M 560.11M
Interest expense 5.73M 4.21M 4.69M 4.08M 4.94M
Tax provision 17.94M 11.55M 12.09M 8.97M 3.04M
Interest income 5.73M 4.21M 0.21M 0.81M 1.22M
Net interest income -5.73100M -4.20800M -4.68800M -4.08300M -4.93800M
Extraordinary items - 0.00000M 0.00000M 0.12M -2.00100M
Non recurring - - - 0.92M 0.31M
Other items - - - - -
Income tax expense 17.94M 11.55M 12.09M 8.97M 3.04M
Total revenue 899.55M 761.43M 510.37M 515.70M 566.74M
Total operating expenses 200.09M 163.50M 118.41M 133.13M 172.67M
Cost of revenue 616.18M 550.01M 338.41M 344.39M 387.44M
Total other income expense net -5.73100M -4.20800M -4.68800M -4.08300M -0.30000M
Discontinued operations - - - 0.12M -1.70100M
Net income from continuing ops 60.27M 33.54M 36.77M 24.21M -1.64800M
Net income applicable to common shares 60.27M 33.54M 36.77M 24.33M -3.34900M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 542.63M 484.55M 400.01M 353.14M 348.64M
Intangible assets 51.75M 50.18M 41.04M 30.75M 30.28M
Earning assets - - - - -
Other current assets 7.00M 5.50M 4.76M 2.83M 2.53M
Total liab 286.21M 275.22M 210.91M 186.46M 194.01M
Total stockholder equity 256.43M 209.32M 189.10M 166.68M 154.64M
Deferred long term liab - 1.10M 2.96M - -
Other current liab 46.92M 39.77M 33.84M 31.08M 33.21M
Common stock 22.33M 22.17M 21.94M 21.79M 21.55M
Capital stock 22.33M 22.17M 21.94M 21.79M 21.55M
Retained earnings -63.97700M -104.16600M -117.91800M -135.11700M -141.18700M
Other liab 22.78M 18.53M 17.33M 22.58M 19.79M
Good will 95.16M 88.78M 79.26M 66.77M 59.07M
Other assets 8.04M 143.30M 22.04M 9.70M 10.98M
Cash 23.14M 17.66M 28.30M 75.53M 58.89M
Cash and equivalents - - - - -
Total current liabilities 137.76M 132.50M 142.25M 82.62M 97.42M
Current deferred revenue 10.61M 5.19M 2.91M 2.62M 3.37M
Net debt 109.22M 112.38M 67.39M 7.78M 17.90M
Short term debt 6.70M 5.84M 44.35M 2.06M 0.00000M
Short long term debt - - 39.99M - -
Short long term debt total 132.36M 130.04M 95.69M 83.31M 76.79M
Other stockholder equity 315.87M 306.72M 300.85M 296.36M 292.56M
Property plant equipment 101.57M 92.05M 73.95M 54.96M 65.46M
Total current assets 257.21M 219.91M 183.73M 185.04M 182.85M
Long term investments - - - - -
Net tangible assets 256.43M 70.37M 82.56M 73.23M 65.29M
Short term investments - - - - -
Net receivables 133.72M 103.21M 84.75M 62.42M 77.83M
Long term debt 93.96M 90.94M 37.58M 77.18M 76.79M
Inventory 93.35M 93.55M 65.92M 44.26M 43.60M
Accounts payable 73.54M 81.69M 61.15M 46.87M 60.85M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -17.79300M -15.40100M -15.77300M -16.34900M -18.28000M
Additional paid in capital - - - - -
Common stock total equity 22.33M 22.17M 21.94M 21.79M 21.55M
Preferred stock total equity - - - - -
Retained earnings total equity -63.97700M -104.16600M -117.91800M -135.11700M -141.18700M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 7.92M 143.19M 123.86M 101.42M 95.06M
Deferred long term asset charges - - - 5.81M 5.27M
Non current assets total 285.43M 264.63M 216.28M 168.10M 165.79M
Capital lease obligations 38.40M 39.09M 18.11M 16.86M 10.40M
Long term debt total 102.88M 100.38M 37.58M 77.18M 76.79M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -50.38100M -50.28900M 1.20M -20.75700M -2.49000M
Change to liabilities -2.58500M 28.09M 7.47M -17.10900M 0.89M
Total cashflows from investing activities -50.38100M -50.28900M -75.55300M -20.75700M -2.49000M
Net borrowings 2.11M 11.90M 12.60M 12.60M -74.55700M
Total cash from financing activities -16.31700M -5.18800M -18.31600M -16.98800M -10.75800M
Change to operating activities -1.40900M -0.67600M -0.96900M -0.24300M -0.35300M
Net income 60.27M 33.54M 36.77M 24.33M -3.34900M
Change in cash 5.48M -10.64600M -47.22600M 16.63M 47.72M
Begin period cash flow 17.66M 28.30M 75.53M 58.89M 11.18M
End period cash flow 23.14M 17.66M 28.30M 75.53M 58.89M
Total cash from operating activities 72.62M 44.91M 46.51M 54.32M 61.25M
Issuance of capital stock 2.32M 3.79M 1.73M 3.34M 82.38M
Depreciation 21.22M 20.89M 20.93M 23.58M 26.12M
Other cashflows from investing activities -26.08900M -32.42200M -63.33200M -10.46300M 2.63M
Dividends paid -19.79700M -19.59600M -19.42500M -19.31600M 17.86M
Change to inventory 7.96M -24.88500M -7.86800M 2.22M 3.15M
Change to account receivables -23.62500M -15.27300M -11.58900M 12.48M 4.93M
Sale purchase of stock 2.32M -0.88800M -0.62300M -1.00800M -0.71400M
Other cashflows from financing activities 1262.86M 51.91M 0.62M 1.01M -2.49000M
Change to netincome 10.36M 3.24M 1.77M 9.59M 19.43M
Capital expenditures 24.29M 17.87M 13.42M 10.29M 5.12M
Change receivables -23.62500M -15.27300M -11.58900M 12.48M 4.93M
Cash flows other operating -1.40900M 32.86M 35.80M 23.56M 6.73M
Exchange rate changes - - - - -
Cash and cash equivalents changes 5.92M -10.56300M -47.36200M 16.58M 48.00M
Change in working capital -19.66400M -12.74600M -12.95800M -2.65100M 8.62M
Stock based compensation 7.44M 3.20M 3.53M 1.72M 4.26M
Other non cash items 1.29M -2.78500M -10.50000M 8.27M 35.05M
Free cash flow 48.33M 27.05M 33.09M 44.03M 56.13M

Fundamentals

  • Previous Close 22.01
  • Market Cap733.82M
  • Volume154323
  • P/E Ratio14.84
  • Dividend Yield2.72%
  • EBITDA93.49M
  • Revenue TTM834.83M
  • Revenue Per Share TTM22.77
  • Gross Profit TTM 284.07M
  • Diluted EPS TTM1.34

Peer Comparison

Sector: Consumer Cyclical Industry: Packaging & Containers

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MYE
Myers Industries Inc
0.02 0.09% 22.03 14.84 - 0.87 2.61 0.97 8.65
BALL
Ball Corporation
0.26 0.40% 65.45 29.79 16.75 1.24 4.46 1.85 14.34
AVY
Avery Dennison Corp
4.74 2.23% 217.16 33.88 20.75 1.96 7.85 2.33 18.05
PKG
Packaging Corp of America
-2.67 1.54% 171.25 18.79 20.33 1.86 3.75 2.13 10.38
AMCCF
Amcor plc
- -% 9.30 14.62 14.24 0.96 3.52 1.45 10.20

Reports Covered

Stock Research & News

Profile

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

Myers Industries Inc

1293 South Main Street, Akron, OH, United States, 44301

Key Executives

Name Title Year Born
Mr. Michael P. McGaugh Pres, CEO & Director 1974
Mr. Daniel W. Hoehn VP & Corp. Controller 1979
Ms. Monica Vinay VP of Investor Relations, Treasurer & Interim CFO NA
Mr. James H. Gurnee VP of Sales, Marketing & Commercial Excellence 1958
Mr. Kevin M. McElgunn Sr. Director of Strategy & Corp. Devel. NA
Ms. Lorelei Evans VP of HR NA
Mr. Michael Valentino Group Pres of Material Handling NA
David Basque Pres of Buckhorn & VP of Integration NA
Ms. Sue A. Rilley Sr. Corp. Counsel & Sec. NA

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