Overview

* Myers Q2 2025 sales down 4.8% yr/yr, missing analyst expectations

* Adjusted EPS for Q2 2025 fell 20.5% yr/yr

* Co launches strategic review of Myers Tire Supply business

Outlook

* Company on track for $20 mln cost savings by end of 2025

* Myers Industries ( MYE ) reviewing strategic options for Tire Supply business

* Company expects $3 mln annual savings from production consolidation

* 2025 end market outlook unchanged with moderate industrial growth

Result Drivers

* INDUSTRIAL SALES GROWTH - Growth in Scepter military products within the Industrial segment helped offset declines in Vehicle and Automotive Aftermarket sales

* COST REDUCTION - Lower SG&A expenses contributed to operating income, despite lower pricing and volume

* CASH FLOW IMPROVEMENT - Significant improvement in free cash flow, generating $25 mln during the quarter, attributed to better working capital management, particularly in accounts receivable

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $209.58 $220.60

mln mln (1

Analyst)

Q2 EPS $0.26

Q2 Net $9.70

Income mln

Q2 $32.88

Adjusted mln

EBITDA

Q2 $22.81

Adjusted mln

operatin

g income

Q2 Gross $70.66

Profit mln

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

* Wall Street's median 12-month price target for Myers Industries Inc ( MYE ) is $21.00, about 30.3% above its July 30 closing price of $14.64

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)