Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q2 2025 Earnings Presentation
24 slides from Myers Industries's earnings presentation, Jul 31, 2025
Slide 1: Q2 2025 Results
Q2 2025 Results Protecting the World from the Ground Up July 31, 2025 1
Slide 2: Today’s Speakers
Today’s Speakers Aaron Schapper Dan Hoehn Meghan Beringer President and Vice President and Corporate Controller, Sr. Director, Chief Executive Officer Interim Chief Financial Officer Investor Relations 2
Slide 3: Safe Harbor Statement & Non-GAAP Measures
Safe Harbor Statement & Non-GAAP Measures Statements in this presentation contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans,
Slide 4: CEO Opening Comments
CEO Opening Comments Aaron Schapper President and Chief Executive Officer
Slide 5: Q2 Summary
Q2 Summary $209.6M Industrial growth led by strong military Net Sales sales offset by soft demand in Vehicle and (4.8)% Automotive Aftermarket $70.7M ▪ Substantial Industrial and Infrastructure Gross Profit backlog (6.4)% ▪ Full-year market outlook remains unchanged Adjusted $22.8M Margin headwinds
Slide 6: Accelerating ‘Focused Transformation’ Progress
Accelerating ‘Focused Transformation’ Progress 1 2 3 Launching Strategic Review Consolidating Rotational Tracking to Achieve $20M in of Myers Tire Supply Molding Production Capacity Cost Savings by End of 2025 Enables us to focus on businesses that Idling two of nine rotational molding Cost savings
Slide 7: Accelerating ‘Focused Transformation’ Progress
Accelerating ‘Focused Transformation’ Progress Emphasizing lean principles to drive clear, efficient processes Establish a culture of execution and Revised Core Values: Integrity | Customer Focus | Deliver Results | Continuous accountability to drive performance Improvement Aligned incentive plans t
Slide 8: 2025: A Year of ‘Focused Transformation’
2025: A Year of ‘Focused Transformation’ Establish a culture of execution and Performance Culture | Revised Core Values; Aligned Incentive Plans accountability to drive performance Financial Discipline | Cost savings, margin enhancement, and capital allocation framework Create clear strategies to im
Slide 9: Financial Results
Need photo Financial Results for Dan Dan Hoehn Vice President and Corporate Controller, Interim Chief Financial Officer
Slide 10: Q2 Financial Performance
Q2 Financial Performance (In $ millions except EPS) Q2 2025 Q2 2024 Change ▪ Net sales lower as strong Industrial sales, particularly Net Sales $209.6 $220.2 -4.8% military products, was offset Adj. Gross Profit $71.1 $79.6 -10.7% by lower demand in Vehicle Adj. Gross Margin 33.9% 36.1% -220 bps and
Slide 11: Q2 Segment Results
Q2 Segment Results Material Handling Distribution (In $ millions) Q2 2025 Q2 2024 Change (In $ millions) Q2 2025 Q2 2024 Change Net Sales $158.6 $166.0 -4.4% Net Sales $51.0 $54.3 -6.0% Adj. Op Income $28.9 $32.5 -10.9% Adj. Op Income $1.6 $2.9 -44.4% Adj. Op Income Margin 18.2% 19.6% -140 bps Adj.
Slide 12: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow ▪ Generated free cash flow of $24.7M in Q2; capex of $3.6M was slightly down year-over-year ▪ Working capital improved due to accounts receivable timing and reduced inventory ▪ Total debt reduced by $13M; net leverage remained at 2.8x ▪ Cash balance of $41.3M at quarter-e
Slide 13: Leveraging Cashflow Generation
Leveraging Cashflow Generation Capital Allocation Priorities ▪ Continue to focus on debt repayment to return to a net leverage ratio goal of 1.5x to 2.5x ▪ Dividends to continue with existing practice ▪ Maintain strong balance sheet with ample liquidity via cash on hand and revolving credit facility
Slide 14: Updating 2025 Outlook
Updating 2025 Outlook End Markets and Key Product 2025 Outlook (TTM Sales as of June 30, 2025) Continue to see risks and opportunities Industrial (30% of Sales) for the business for both revenue and Akro-Mils® , Buckhorn® & Jamco® containers, organizational Moderate growth margin bins, totes, carts
Slide 15: CEO Summary Comments
CEO Summary Comments Aaron Schapper President and Chief Executive Officer
Slide 16: Appendix
Appendix
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) 17
Slide 18: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) 18
Slide 19: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) 19
Slide 20: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) 20
Slide 21: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED OPERATING INCOME, ADJUSTED EBITDA AND FREE CASH FLOW (UNAUDITED) (Dollars in thousands) 21
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER DILUTED SHARE (UNAUDITED) (Dollars in thousands, except per share data) 22
Slide 23: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES WORKING CAPITAL (UNAUDITED) (Dollars in thousands) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Net sales $ 197,798 $ 191,077 $ 207,102 $ 220,236 $ 205,067 $ 203,876
Slide 24: Meghan Beringer Senior Director Investor Relations
Meghan Beringer Senior Director Investor Relations Myers Industries, Inc. | 1293 S. Main Street, Akron, Ohio 44301 Tel: (252) 536-5641 | Email: mberinger@myersind.com www.myersind.com