Myers Industries, Inc. Announces Unaudited Earnings Guidance for the Full Year 2024
May 07, 2024 at 07:00 am EDT
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Myers Industries, Inc. announced unaudited earnings guidance for the full year 2024. Based on current exchange rates, market outlook and business forecast, the company had previously provided the following outlook for fiscal 2024: Net sales growth of 15% to 20%, Net income per diluted share in the range of $1.05 to $1.22 will likely be at the low end of the previously communicated ranges. Myers will continue to monitor market conditions and provide updates throughout the year.
Myers Industries, Inc. is a manufacturer of a range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. It is also a distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the United States. It operates through two segments. The 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. The 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.
MYERS INDUSTRIES, INC. 
