Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q1 2025 Earnings Presentation
25 slides from Myers Industries's earnings presentation, May 1, 2025
Slide 1: Q1 2025 Results
Q1 2025 Results Protecting the World from the Ground Up May 1, 2025 1
Slide 2: Today's Speakers
Today’s Speakers Aaron Schapper Grant Fitz Dan Hoehn Meghan Beringer President and Executive Vice President Vice President Sr. Director, Chief Executive Officer and Chief Financial Officer and Corporate Controller, Investor Relations Interim Chief Financial Officer 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: Q1 Highlights
Q1 Highlights $206.8M Net Sales (0.2)% Revenue essentially flat Y/Y as Material $69.1M Handling growth was offset by lingering Gross Profit +7.5% Distribution softness ▪ Positive Signature contribution and Industrial Adjusted Operating $18.7M sales growth Income +12.2% ▪ Seasonal Food & Beverage dec
Slide 6: Resilient U.S. Supply Chain to Navigate Tariffs
Resilient U.S. Supply Chain to Navigate Tariffs Myers Manufacturing Locations Supply chain is predominantly based in the US ▪ Most materials we purchase are from US suppliers ▪ 15 of our 16 manufacturing plants are in the US ▪ More than 90% of 2025 Material Handling revenue is expected to be manufac
Slide 7: Initial Progress on 'Focused Transformation'
Initial Progress on ‘Focused Transformation’ Revised Core Values: Integrity | Customer Focus | Deliver Results | Continuous Establish a culture of execution and Improvement accountability to drive performance Aligned incentive plans to drive business unit performance and create accountability Action
Slide 8: Our Mission: Protecting Our Athletes
Our Mission: Protecting Our Athletes BACKGROUND COMPETITIVE ADVANTAGE OUTCOMES ▪ Turf venue wants to host ▪ OmniDeck® flooring system withholds weight ✓ non-sporting events, of heavy machinery, staging, and equipment Injury expanding functionality ▪ Athletes, coaches, and trainers are assured Preven
Slide 9: Our Mission: Protecting Our Troops
Our Mission: Protecting Our Troops BACKGROUND COMPETITIVE ADVANTAGE OUTCOMES ▪ Military historically used wood and steel ▪ Lightweight, recoverable, and ✓ ammunition packaging reusable solution Lighter - Antiquated and heavy, contributing to - Up to 41% lighter than steel and Load excess carry load
Slide 10: Financial Results
Financial Results Grant Fitz Executive Vice President and Chief Financial Officer
Slide 11: Q1 Financial Performance
Q1 Financial Performance (In $ millions except EPS) Q1 2025 Q1 2024 % Change ▪ Net sales growth in Industrial and Infrastructure, partially Net Sales $206.8 $207.1 -0.2% offset by lower Food & Adj. Gross Profit $69.2 $67.6 2.3% Beverage on cyclical seed box Adj. Gross Margin 33.5% 32.7% +80 bps dema
Slide 12: Q1 Segment Results
Q1 Segment Results Material Handling Distribution (In $ millions) Q1 2025 Q1 2024 % Change (In $ millions) Q1 2025 Q1 2024 % Change Net Sales $157.7 $152.2 3.6% Net Sales $49.2 $54.9 (10.3)% Adj. Op Income $27.5 $25.0 9.9% Adj. Op Income ($0.4) $0.6 NM Adj. Op Income Margin 17.4% 16.4% +100 bps Adj.
Slide 13: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow ▪ Generated free cash flow of $2.0M in Q1; capex was slightly below 4% of sales ▪ Working capital increased due to accounts receivable timing and inventory build as we took proactive action before tariff details were announced ▪ Debt increased 2.2% during the quarter; net
Slide 14: Leveraging Cashflow Generation
Leveraging Cashflow Generation Capital Allocation Priorities ▪ Repurchased $1M in shares as we invest in MYE with $10M share buyback program ▪ Maintain strong balance sheet with ample liquidity via cash on hand and revolving credit facility ▪ Capex spend to remain around 3% of revenue ▪ Continue to
Slide 15: 2025 Outlook
Need photo 2025 Outlook for Dan Dan Hoehn Vice President and Corporate Controller, Interim Chief Financial Officer
Slide 16: Updating 2025 Outlook
Updating 2025 Outlook End Markets and Key Product 2025 Outlook Industrial (30% of Sales) Continue to see risks and opportunities for the business for both revenue and Akro-Mils® , Buckhorn® & Jamco® containers, organizational bins, totes, carts and cabinets; Scepter® military ammunition Moderate gro
Slide 17: CEO Summary Comments
CEO Summary Comments Aaron Schapper President and Chief Executive Officer
Slide 18: Appendix
Appendix
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) Quarter Ended March 31, 2025 Material Handling Distribution Segment Total Corporate & Other Total Net sales
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) Quarter Ended March 31, 2024 Material Corporate & Handling Distribution Segment Total Other Total Net s a l
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) Quarter Ended March 31, 2025 2024 Adjusted operating income (loss) reconciliation: Opera
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) Quarter Ended March 31, 2025 2024 Adjusted net income (loss) reconc
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) Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Net sales $ 208,453 $ 197,798 $ 191,077 $ 207,102 $ 220,236 $ 205,067
Slide 24: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. FIVE QUARTER COMPARATIVE CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (Dollars in thousands, except share and per share data) (UNAUDITED) Quarter Ended March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2
Slide 25: 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