Myers Industries Delivers Robust Q2 2026 Earnings, Raises Investor Confidence

Significant Revenue and Profit Growth Driven by Transformation Initiatives and End Market Strength

Akron, Ohio, July 30, 2026 – Myers Industries Inc. (NYSE: MYE), a leading manufacturer of sustainable plastic and metal products, has released its financial results for the second quarter ended June 30, 2026. The results signal a period of strong performance, underpinned by the company’s Focused Transformation initiatives, operational improvements, and strategic investments, particularly in the military product line in Europe.

Key Financial Highlights

• Net Sales: \$179.2 million, up 9.8% year-over-year
• Gross Profit: \$61.5 million (20.4% increase); gross margin expanded by 300 basis points to 34.3%
• Operating Income: \$31.2 million (57.1% increase); operating margin expanded by 520 basis points to 17.4%
• Adjusted EBITDA: \$39.1 million (30.6% increase); adjusted EBITDA margin up 350 basis points to 21.8%
• EPS from Continuing Operations: \$0.50 (92.3% increase); Adjusted EPS: \$0.53 (60.6% increase)
• Free Cash Flow: \$26.5 million, up 10.5% from Q1
• Net Debt Reduction: \$21.2 million; net leverage ratio improved to 1.9x from 2.2x

Operational and Strategic Developments

• Transformation Initiatives: Myers credited its Focused Transformation program for driving commercial excellence, improved product mix, and cost discipline, resulting in enhanced profitability and cash generation.
• Military Product-Line Investment in Europe: Strategic capital investment in Europe to reinforce commitment to military applications, positioning the company for future growth in this segment.
• Portfolio Simplification: Myers exited approximately \$5 million of low-margin products and idled two rotational molding facilities in Q4 2025, which contributed to higher overall margins and profitability.
• Credit Facility Refinancing: On July 28, 2026, Myers refinanced its existing credit facilities, securing a new \$250 million revolver and a \$250 million term loan, extending maturities to 2031 (from 2027/2029 previously). This improves liquidity and financial flexibility.

End Market Performance and Outlook

Notably, Infrastructure and Food & Beverage posted strong double-digit growth, more than offsetting softness in Vehicle and Consumer segments.

Balance Sheet and Cash Flow

• Total Liquidity: \$292.3 million, including \$244.7 million available under the revolver and \$47.6 million in cash.
• Capital Expenditures: \$5.6 million in Q2 2026.
• Strong Cash Generation: Operating cash flow of \$32.1 million in Q2, free cash flow of \$26.5 million.

Shareholder and Price-Sensitive Information

• Earnings and Margin Expansion: The sharp year-over-year increase in both EPS and operating margins reflects improved profitability and could positively impact share valuation.
• Military Product Line Expansion: New investments in Europe for military products signal potential for new revenue streams and market penetration.
• Credit Facility Extension: The refinancing and extension of credit maturities enhances liquidity, reduces financial risk, and increases the company’s flexibility for future growth or M&A activity.
• Portfolio Streamlining: Ongoing exit from low-margin businesses and facility idling should further support margin expansion in subsequent quarters.
• Improved Leverage and Net Debt Position: A lower leverage ratio and reduced net debt may make the company more attractive to both equity and debt investors.
• Guidance and End Market Outlook: Management’s 2026 outlook points to continued growth in Infrastructure and Food & Beverage, with stable conditions in Vehicle and Consumer. Industrial is also expected to see moderate growth.
• Potential Divestiture: The company reiterated its previously announced intention to divest the Myers Tire Supply business, which could impact the company’s future portfolio and financials.

Management Commentary

“Our second quarter results reflect continued execution against our Focused Transformation initiatives and the disciplined actions we have taken to improve the quality of the business. We posted outstanding revenue growth, expanded profitability, generated strong cash flow, and remain focused on serving our customers. The results we have achieved through the first half of 2026, combined with our simplified portfolio, operational improvements and growth investments, position us to sustain our momentum and strengthen our confidence to continue delivering consistent financial performance and long-term value for our shareholders.” — Aaron Schapper, President and CEO

Upcoming Events

Myers Industries will host an earnings conference call on July 30, 2026 at 10:00 a.m. ET. Investors can join via webcast on the company’s website.

Non-GAAP Measures & Reconciliations

The company provided detailed reconciliations for adjusted gross profit, adjusted operating income, adjusted EBITDA, adjusted EPS, and free cash flow. These non-GAAP measures provide investors with additional insight into underlying operating performance, excluding items such as restructuring, pension termination, and other one-time adjustments.

Risks and Forward-Looking Statements

• Potential risks include raw material cost increases, execution of strategic initiatives, customer demand shifts, manufacturing disruptions, and broader economic or geopolitical events.
• The company cautions that forward-looking statements are subject to risks and uncertainties, and actual performance may differ materially from current projections.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on Myers Industries’ Q2 2026 financial release and may contain forward-looking statements subject to risks and uncertainties. Investors should review official filings and consult with financial advisors before making any investment decisions.

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