Earnings Releases·Oct 29, 2026, 7:05 AM ET

Myers Industries — Q3 2026 Earnings Summary

Net sales rose 8.1% year-over-year to $171.3 million, though GAAP diluted EPS declined 23.5% to $0.13 due to higher resin costs and a $3.5 million non-cash debt extinguishment loss; adjusted diluted EPS increased 3.2% to $0.32.
Gross margin contracted 380 basis points to 27.3% and operating margin fell 180 basis points to 8.7% as inflation and unfavorable product mix pressured profitability, despite Infrastructure sales surging 38% and Food & Beverage growing 12%.
Management expects significant sequential margin improvement in Q4 2026 driven by stabilized resin costs and pricing actions, while updating 2026 end-market outlooks to reflect strong growth in Infrastructure and Food & Beverage, moderate growth in Industrial and Consumer, and a decline in Vehicle.
Strategic portfolio simplification was advanced through the $23.6 million sale of Myers Tire Supply and the idling of two rotational molding facilities to exit low-margin products, contributing to a net debt reduction of $28.5 million and an improved net leverage ratio of 1.86x.