Myers Industries Inc MYE

Consumer Cyclical Packaging & Containers

Myers Industries, Inc. is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also a distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Its Material Handling segment manufactures a selection of durable plastic reusable containers that are used repeatedly. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, custom plastic products, consumer fuel containers, and tanks for water, fuel and waste handling. Its Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire servicing, wheel, and automotive under-vehicle service on passenger, heavy truck, and off-road vehicles and the manufacturing of tire repair materials and custom rubber. It also manufactures composite matting ground protection for industrial applications.

NYSE:MYE - Post by User

Myers Industries Inc

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Post by MikeTesteron Jan 24, 2025 4:13pm

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Post# 36419718

Myers Industries (NYSE:MYE) – A Diversified Manufactur

Interesting play on MYE. Looks like they're holding steady despite some challenges. Material Handling segment is killing it with that Signature Systems acquisition - up 9.5% YoY. Distribution side is struggling but management seems proactive. Q3 numbers weren't great with that $10.88M net loss, but mostly due to non-cash goodwill impairment. Watching closely. Might nibble on some shares if it dips more. BeyondSPX continues to deliver high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Solid resource for digging into company fundamentals. https://beyondspx.com/article/myers-industries-nysemye-a-diversified-manufacturer-navigating-uncertain-waters

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