Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q1 2012 Earnings Presentation
12 slides from Myers Industries's earnings presentation, Apr 19, 2012
Slide 1: Earnings Presentation First Quarter 2012
Exhibit 99.2 April 19, Earnings Presentation First Quarter 2012 First Quarter 2012 Myers Industries, Inc.
Slide 2: Safe Harbor Statement
Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current indicators and expectations. Wheneve
Slide 3: Q1 2012 Highlights
*See reconciliation of Non-GAAP measures on slide 11. Q1 2012 Highlights $0.19 $0.29 $0.00 $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 Q1 2011 Q1 2012 Earnings Per Share $0.20 $0.30 $0.00 $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 Q1 2011 Q1 2012 Earnings Per Diluted Share - Adjusted*
Slide 4: Slide 4
Slide 5: Segment Review – Material Handling
Q1 Results Soft sales in less profitable manufacturing and automotive markets Favorable customer and product mix from sales to agricultural and food processing markets Operations Excellence initiatives including use of alternative materials and productivity improvements generated cost savings Segmen
Slide 6: Segment Review – Lawn & Garden
Segment Review – Lawn & Garden $67.2 $59.2 $54 $57 $60 $63 $66 $69 Q1 2011 Q1 2012 Net Sales $3.9 $1.2 $0 $2 $4 $6 Q1 2011 Q1 2012 EBIT - Adjusted Q1 Results Sales soft in Q1 as result of the acceleration of orders into Q4 of 2011 and high customer inventory levels in Q1 of 2012 Decrease was partial
Slide 7: Segment Review – Distribution
Segment Review – Distribution $41.6 $42.7 $39 $42 $45 Q1 2011 Q1 2012 Net Sales $3.3 $3.9 $2 $4 Q1 2011 Q1 2012 EBIT - Adjusted
Slide 8: Segment Review – Engineered Products
$27.9 $37.2 $0 $5 $10 $15 $20 $25 $30 $35 $40 Q1 2011 Q1 2012 Net Sales $2.9 $4.7 $0 $2 $4 $6 Q1 2011 Q1 2012 EBIT - Adjusted Segment Review – Engineered Products
Slide 9: Outlook
Outlook Strong start and consistent execution of strategic principles should lead to solid performance in 2012 Timing of food processing and agricultural orders may shift demand to the second half of the year in Material Handling Beginning in Q2, favorable weather should strengthen the market in Law
Slide 10: Myers Industries, Inc.
MYERS INDUSTRIES, Inc.
Slide 11: Reconciliation of Non-GAAP Measures
Material Handling Income before taxes as reported 13.2 $ 10.3 $ Income before taxes as adjusted 13.2 10.3 Lawn & Garden Income before taxes as reported 1.2 3.9 Income before taxes as adjusted 1.2 3.9 Distribution Income before taxes as reported 3.5 3.1 Restructuring expenses 0.4 0.2 Income before ta
Slide 12: Myers Industries, Inc.
MYERS INDUSTRIES, INC.