- Myers reported Q2 2024 net sales of $220.2 million, up 5.7% year over year, with Signature Systems contributing 15.2% of inorganic growth and an organic decline in key legacy end-markets. The result was a meaningful top-line expansion supported by a favorable mix and robust integration benefits from the acquired business.
- Adjusted EBITDA rose to $38.9 million, delivering an adjusted EBITDA margin of 17.7%—a 580 basis point year-over-year enlargement—driven principally by Signature Systems’ contribution and ongoing productivity programs. Management remains focused on cost-reduction actions (approx. $7–9 million annualized by 2025) and $8 million in synergy realization from the Signature acquisition.
- Management signaled a measured but constructive outlook: full-year 2024 net sales growth of 5–10%, adjusted diluted EPS of $1.05–$1.20, and Capex in the $30–$35 million range, with a targeted leverage below 2x within two years post-Signature close. While demand remains choppy in certain end-markets (RV, marine, automotive aftermarket), the company believes Horizon 2 with a focus on Storage Handling and Protection, Engineered Solutions and Automotive aftermarket, and Signature-driven infrastructure opportunities will support longer-term cash flow expansion and deleveraging.