Myers Industries, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 06:49 am EDT
Share
Myers Industries, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 187.369 million compared to USD 118.394 million a year ago. Operating income was USD 15.869 million compared to USD 12.256 million a year ago. Net income was USD 11.075 million compared to USD 8.368 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.23 a year ago. For the half year, sales was USD 361.798 million compared to USD 240.644 million a year ago. Operating income was USD 26.734 million compared to USD 35.554 million a year ago. Net income was USD 18.380 million compared to USD 25.094 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.7 a year ago.
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. 
