Myers Industries reported third‑quarter 2025 results that reversed a prior‑year loss. Net sales were $205.4 million, up 0.2 percent year‑over‑year, while gross profit rose to $68.6 million, giving a gross margin of 33.4 percent. Operating income climbed to $17.7 million and net income reached $7.1 million, translating to earnings per share of $0.19. Adjusted operating income was $20.9 million, adjusted net income $9.9 million, and adjusted EBITDA $30.6 million, all showing modest year‑over‑year growth. The adjusted earnings per share was $0.26, reflecting the company’s core operating performance.
The Material Handling segment drove the majority of the improvement, with net sales of $153.5 million and operating income of $26.6 million, a margin of 17.3 percent. Net sales in this segment increased 1.9 percent year‑over‑year. The Distribution segment generated $52.0 million in sales and $0.8 million in operating income, a margin of 1.6 percent, while sales in that segment declined 4.4 percent year‑over‑year.
Idling two rotational‑molding facilities generated $19 million in structural cost reductions, supporting the company’s goal of $20 million in annualized SG&A savings by year‑end 2025. Free cash flow rose to $21.5 million from $10.1 million a year earlier, underscoring the effectiveness of the company’s cost‑control and operational efficiency initiatives. Management reiterated that it remains on track to deliver the targeted $20 million in annualized cost savings, primarily through SG&A reductions.
Strategically, Myers Industries has begun a sale process for its Myers Tire Supply business, partnering with KeyBanc to manage the transaction. The company also announced the appointment of a new chief financial officer and a new chief executive officer, signaling a leadership refresh aimed at accelerating the focused transformation program. Myers Industries is the second‑largest rotational‑molding player in North America and is navigating mixed market conditions, with strong demand in infrastructure and industrial sectors offsetting softness in automotive aftermarket and consumer markets.
Management reiterated the company’s cost‑saving target and confirmed that the focused transformation continues to generate tangible financial benefits. No new forward‑looking financial guidance was provided for the remainder of 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.