Myers Industries Announces 2026 Third Quarter Results
Business Wire•29/10/2026•07:00 ET
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Key Highlights
- ➤Net sales $171.3 million, up 8.1% year over year
- ➤Gross margin 27.3%, down 380 basis points on resin costs and mix
- ➤Adjusted EPS $0.32, up 3.2% year over year
- ➤Fourth-quarter margins expected to improve significantly sequentially as pricing and resin stabilize
- ➤Myers Tire Supply sale simplifies portfolio around core specialty engineered products
Expert Statements
Aaron Schapper, President and CEO of Myers Industries
“Our Focused Transformation initiatives continued to drive commercial excellence across our growth platforms, resulting in a year-over-year increase in revenue. At the same time, a significant spike in resin cost and unfavorable product mix pressured gross margins in the quarter. Resin costs have since declined and stabilized from their recent peak, while our pricing actions remain in place and continue to support margin recovery. With the completion of our sale of Myers Tire Supply, we have further focused our portfolio on our core specialty engineered products and are driving operational productivity and disciplined cost control to offset the inflationary environment. We expect significant sequential margin improvement in the fourth quarter and the outlook for our end markets remains favorable.”
Grew Revenue 8.1% as Focused Transformation Initiatives Drive Commercial Excellence Across Growth Platforms
Spike in Resin Costs and Unfavorable Product Mix Pressured Third Quarter Margins; Anticipate Significant Sequential Fourth Quarter Margin Improvement Based on Pricing Actions and Resin Stabilization
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