Last $19.71 USD
Change Today +0.04 / 0.20%
Volume 66.8K
MYE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

myers industries inc (MYE) Snapshot

Open
$19.66
Previous Close
$19.67
Day High
$19.81
Day Low
$19.64
52 Week High
04/17/14 - $24.74
52 Week Low
11/4/13 - $17.13
Market Cap
625.1M
Average Volume 10 Days
88.0K
EPS TTM
$0.81
Shares Outstanding
31.7M
EX-Date
09/3/14
P/E TM
24.4x
Dividend
$0.52
Dividend Yield
2.23%
Current Stock Chart for MYERS INDUSTRIES INC (MYE)

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myers industries inc (MYE) Details

Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company’s Material Handling segment provides plastic reusable material handling containers, pallets, and bins, as well as metal shelving, cabinet, and racking systems primarily under the Buckhorn, Akro-Mils, Novel, and Jamco Products brand names for automotive, appliance, general industrial/manufacturing, retail distribution, agriculture, and food processing markets. Its Lawn and Garden segment offers injection-molded and thermoformed pots, hanging baskets, flats and carry trays, plug trays, nursery containers, propagation sheets, specialty pots, decorative resin planters, and seed starting kits, as well as planters, vertical gardens, dependable hanging baskets, ergonomic watering cans, and other related items for the home gardener. This segment markets its products to professional growers, greenhouses, nurseries, retail garden centers, mass merchandisers, and consumers under the brand names of Dillen, ITML, Pro Cal, Listo, Planters’ Pride, and Akro-Mils Lawn & Garden. The company’s Engineered Products segment provides plastic and rubber original equipment and replacement parts, rubber tire repair and retread products, and custom plastic and rubber products for automotive, recreational vehicle, recreational marine, construction and agriculture equipment, healthcare, and transportation markets under the Ameri-Kart, Patch Rubber, and WEK brands. Its Distribution segment distributes equipment, tools, and supplies that are used for tire servicing and automotive undervehicle repair under the Myers Tire Supply and Myers Tire Supply International brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

myers industries inc (MYE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $762.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

myers industries inc (MYE) Key Developments

Myers Industries Declares Quarterly Dividend Payable October 6, 2014

The board of directors of Myers Industries Inc. declared on July 31, 2014 a regular quarterly dividend of $0.13 per share payable October 6, 2014, to shareholders of record as of September 5, 2014.

Myers Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Earnings Guidance for 2014

Myers Industries Inc. reported unaudited consolidated earnings results for the second quarter and half year ended June 30, 2014. For the quarter, the company reported net sales of $152.784 million against $153.623 million a year ago. Operating income was $11.286 million against $12.621 million a year ago. Income from continuing operations before income taxes was $9.619 million against $11.502 million a year ago. Income from continuing operations was $6,327 million or $0.19 per diluted share against $7,405 million or $0.22 per basic and diluted share a year ago. Net income was $5.749 million or $0.17 per diluted share against $8.312 million or $0.25 per basic and diluted share a year ago. Net income as adjusted was $6.4 million or $0.20 per diluted share against $8.4 million or $0.25 per diluted share a year ago. For the six months, the company reported net sales of $303.269 million against $298.567 million a year ago. Operating income was $20.169 million against $22.733 million a year ago. Income from continuing operations before income taxes was $16.918 million against $20.537 million a year ago. Income from continuing operations was $11.09 million or $0.33 per diluted share against $13.201 million or $0.39 per basic and diluted share a year ago. Net income was $6.429 million or $0.19 per diluted share against $16.195 million or $0.48 per basic and diluted share a year ago. Net income as adjusted was $11.9 million or $0.35 per diluted share against $16.5 million or $0.49 per diluted share a year ago. Net cash used for operating activities was $21.026 million against net cash provided by operating activities of $30.137 million a year ago. Capital expenditures were $6.971 million against $7.296 million a year ago. The company expected that full year 2014 adjusted earnings from continuing operations (excluding restructuring and other unusual pre-tax charges) will increase year-over-year as a result of organic growth and new product sales coupled with cost savings driven by productivity improvements. The acquisition of Scepter will also contribute to both sales and earnings during the second half of 2014. Anticipated effective rate for the full year 2014 will be 36%. Anticipated full year cash flow from continuing operations, including Scepter, will be in the range of $60 million to $70 million. Estimated capital expenditures for continuing operations, including Scepter, in 2014, will be approximately $30 million, and more than 60% of that will be for high-return growth and productivity investments.

Myers Mulls Acquisitions

Myers Industries Inc. (NYSE:MYE) intends to pursue acquisitions. "We would have an appetite for acquisitions, but we want to emphasize that really, we are very focused on profitable growth. So we would look for the right acquisitions to grow material handling, with probably considerations to the products, customers, geographic markets, and technologies. But we do not intend to change the risk profile of the Company," said John Orr, President and Chief Executive Officer of Myers Industries.

 

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