Myers Industries, Inc. · NYSE:MYE
Myers Industries — KeyBanc Industrials & Basic Materials Conference 2025
29 slides from Myers Industries's conference presentation, May 29, 2025
Slide 1: KeyBanc Industrials & Basic Materials Conference
KeyBanc Industrials & Basic Materials Conference Boston, MA May 29, 2025 1
Slide 2: Today's Speakers
Today’s Speakers Aaron Schapper Dan Hoehn Meghan Beringer President and Vice President Sr. Director, Chief Executive 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: Myers At-a-Glance
Myers At-a-Glance Protecting the World from the Ground Up $836M $1.05 $126M 15% ~2,700 1933 Net Sales Adj EPS Adj EBITDA Adj EBITDA Margin Employees Founded Segment End Market Myers Manufacturing Locations Material Handling 75% Industrial 30% Distribution 25% Infrastructure 13% Vehicle 13% Consumer
Slide 5: Material Handling
Material Handling ▪ Engineer and manufacture a broad range of innovative and sustainable plastic and metal solutions, some with market- leading positions ▪ Operations in the US and Canada ▪ Products bring outsized value to customers across numerous industries, including industrial, construction, inf
Slide 6: Distribution
Distribution ▪ Nation’s largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry ▪ Nationwide sales force and strategically located distribution centers in the US; three locations in Central America ▪ Serves fleet professionals, tire dealers, auto
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: 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 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: 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 11: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results
Slide 12: 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 13: 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 14: 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 15: 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 16: Leveraging Cashflow Generation
Leveraging Cashflow Generation Capital Allocation Priorities ▪ Repurchased $1M in shares as we invest in MYE with $10M share buyback program ▪ Maintain strong balance sheet with ample liquidity via cash on hand and revolving credit facility ▪ Capex spend to remain around 3% of revenue ▪ Continue to
Slide 17: Updating 2025 Outlook
Updating 2025 Outlook End Markets and Key Product 2025 Outlook Industrial (30% of Sales) Continue to see risks and opportunities for the business for both revenue and Akro-Mils® , Buckhorn® & Jamco® containers, organizational bins, totes, carts and cabinets; Scepter® military ammunition Moderate gro
Slide 18: Appendix
Appendix
Slide 19: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted EBITDA Reconciliation (UNAUDITED) (Dollars in thousands) ($M) TTM* Net sales $ 835.9 Net income (loss) $ 10.5 Net income margin 1.3% Income tax expense (benefit) 7.5 Interest e
Slide 20: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted Net Income (Loss) Reconciliation (UNAUDITED) (Dollars in thousands) ($M) TTM* Net income (loss) $ 10.5 Income tax expense (benefit) 7.5 Income (loss) before income taxes 18.0 A
Slide 21: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted EBITDA Reconciliation - Material Handling (UNAUDITED) (Dollars in thousands) ($M) TTM* Net Sales $ 627.1 Operating income as reported $ 82.9 Operating income margin 13% Add: de
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted EBITDA Reconciliation – Distribution (UNAUDITED) (Dollars in thousands) ($M) TTM* Net Sales $ 209.1 Operating income as reported $ 1.6 Operating income margin 1% Add: depreciat
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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
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