Reported Q: Q4 2024 Rev YoY: +6.7% EPS YoY: -64.7% Move: -1.24%
Myers Industries Inc
MYE
$20.71 -1.24%
Exchange NYSE Sector Consumer Cyclical Industry Packaging Containers
Q4 2024
Published: Mar 6, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for MYE

Reported

Report Date

Mar 6, 2025

Quarter Q4 2024

Revenue

203.88M

YoY: +6.7%

EPS

0.11

YoY: -64.7%

Market Move

-1.24%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $203.88M up 6.7% year-over-year
  • EPS of $0.11 decreased by 64.7% from previous year
  • Gross margin of 32.3%
  • Net income of 4.30M
  • "Signature had a very strong Q4. It was significant growth over the prior year, well over 50%." - Grant Fitz
MYE
Company MYE

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Executive Summary

Myers Industries delivered a solid fourth quarter and a meaningful full-year 2024, underscored by the Signature acquisition-driven margin uplift and strong cash generation. In Q4 2024, net sales rose 6.7% year over year to $203.9 million, led by a 33% increase in the consumer end market (driven by Scepter fuel cans) and 13% growth in the industrial end market (Scepter military/ammunition packaging). Material Handling EBITDA rose to $34.7 million with a margin of 22.7%, helped by the Signature acquisition and favorable product mix, although Distribution remained under pressure (Adjusted EBITDA for Distribution a loss of $0.3 million) as the company continues restructuring to optimize cost structure and go-to-market efficiency. For the full year, net sales reached $836.3 million, with Adjusted EBITDA margin expanding 250 basis points to 14.6% and adjusted earnings per share of $1.04, supported by meaningful synergy realization from Signature and a growing e-commerce channel ($36 million in 2024, up 12%). Free cash flow for the year was $54.9 million, and net leverage finished at 2.7x, with cash on hand of $32.2 million, reinforcing balance sheet flexibility to fund growth and shareholder returns. Management signaled a focused transformation program targeting annualized SG&A savings of $20 million by year-end 2025, a new $10 million share repurchase authorization, and a pause on formal annual guidance while action plans are implemented. Tariffs were described as having limited near-term impact given the predominantly U.S.-based manufacturing and sourcing footprint, though the macro environment remains uncertain. Management stressed portfolio optimization and deliberate capital allocation as core drivers of value creation going into 2025, with a plan to maintain ~3% of sales in CapEx and to continue returning cash to shareholders.

Key Performance Indicators

Revenue
Increasing
203.88M
QoQ: -0.58% | YoY: 6.70%
Gross Profit
Increasing
65.89M
32.32% margin
QoQ: 1.17% | YoY: 14.65%
Operating Income
Decreasing
14.64M
QoQ: 407.24% | YoY: -32.60%
Net Income
Decreasing
4.30M
QoQ: 139.50% | YoY: -65.73%
EPS
Decreasing
0.12
QoQ: 141.38% | YoY: -64.71%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 206.75 0.18 -0.2% View
Q4 2024 203.88 0.11 +6.7% View
Q3 2024 205.07 -0.29 +3.7% View
Q2 2024 220.24 0.28 +5.7% View
Q1 2024 207.10 0.09 -4.0% View