Quarterly ResultMay 7, 2026, 07:08 AM
Myers Industries Q1 EPS from Continuing Operations +94.7%
AI Summary
Myers Industries Inc. announced strong first-quarter 2026 results, with significant growth in EPS and expanded margins, driven by focused transformation initiatives. The company reported EPS from continuing operations up 94.7% and adjusted EPS up 57.1% year-over-year. Myers also realigned its organizational structure into a single operating segment, reporting Myers Tire Supply as discontinued operations, to focus on its core mission.
Key Highlights
- EPS from continuing operations grew 94.7% year-over-year to $0.37.
- Adjusted EPS from continuing operations grew 57.1% year-over-year to $0.44.
- Operating income margin expanded 450 bps to 15.1% year-over-year.
- Adjusted EBITDA margin expanded 420 bps to 21.3% year-over-year.
- Net sales increased 1.8% to $164.58 million; 5% excluding low-margin products.
- Gross profit increased 12.6% to $56.55 million, with gross margin at 34.4%.
- Free cash flow was $23.9 million, up 28.5% from Q4 2025.
- Myers Tire Supply reported as discontinued operations; company now reports as one operating segment.