Myers Industries — Q3 2026 Earnings Summary

Myers Industries reported third-quarter 2026 net sales of $171.3 million, an 8.1% increase year-over-year, driven by strong growth in the Infrastructure and Food & Beverage end markets. Despite revenue gains, gross margins contracted to 27.3% due to a spike in resin costs and unfavorable product mix, resulting in a 23.5% decline in GAAP earnings per share to $0.13. The company completed the divestiture of its Myers Tire Supply unit to streamline its portfolio and expects significant sequential margin improvement in the fourth quarter as resin costs stabilize. Adjusted earnings per share for the quarter rose 3.2% to $0.32, reflecting the impact of lower interest and tax expenses alongside operational cost controls.