Myers Industries, Inc. Updates Earnings Guidance for the Fiscal Year 2021
August 05, 2021 at 06:30 am EDT
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Myers Industries, Inc. updated earnings guidance for the fiscal year 2021. The company updated its outlook for fiscal 2021, and currently forecasts net sales growth in the mid 40% range, with approximately half due to the Elkhart and Trilogy acquisitions. Diluted EPS in the range of $0.86 to $1.01.
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. 
