Myers Industries Announces 2025 Fourth Quarter and Full Year Results
AKRON, Ohio--( BUSINESS WIRE)--Myers Industries Inc. (NYSE: MYE), a leading manufacturer of Products that Protect™ the world from the ground up, today announced results for the fourth quarter and full year ended December 31, 2025.
Myers Industries President and CEO Aaron Schapper commented, “2025 was a great year for Myers as the team performed well and we made significant progress on Focused Transformation. As part of our portfolio realignment, we are focusing on our core businesses that protect from the ground up, while progressing with the sale of Myers Tire Supply. We streamlined our manufacturing operations to rationalize capacity and improved our cost structure, delivering on our commitment to reduce annualized costs by $20 million. We improved free cash flow, further strengthened our balance sheet, and continued to deliver on debt and leverage reduction. We enter 2026 with momentum and confidence and are on the right track to deliver consistent, reliable results and create sustainable shareholder value."
Fourth Quarter 2025 Financial Summary
Quarter Ended December 31,
(Dollars in thousands, except per share data)
2025
2024
% Inc
(Dec)
Net sales
$
203,974
$
203,876
0.0
%
Gross profit
$
67,744
$
65,889
2.8
%
Gross margin
33.2
%
32.3
%
Operating income
$
20,238
$
14,637
38.3
%
Net income
$
11,330
$
4,297
163.7
%
Net income per diluted share
$
0.30
$
0.11
172.7
%
Adjusted operating income
$
22,502
$
17,637
27.6
%
Adjusted net income
$
11,620
$
7,308
59.0
%
Adjusted earnings per diluted share
$
0.31
$
0.19
63.2
%
Adjusted EBITDA
$
32,127
$
27,470
17.0
%
Fourth Quarter 2025 Segment Results
(Dollar amounts in the segment tables below are reported in millions)
Material Handling
Net Sales
Op Income
Op Income Margin
Adj EBITDA
Adj EBITDA Margin
Q4 2025 Results
$152.3
$28.9
19.0%
$39.0
25.6%
Q4 2024 Results
$152.7
$25.9
17.0%
$34.7
22.7%
$ Increase (decrease) vs prior year
($0.4)
$3.0
$4.3
% Increase (decrease) vs prior year
(0.3)%
11.6%
+200bps
12.3%
+290bps
Items in this table may not recalculate due to rounding
Distribution
Net Sales
Did yOp Income
Op Income Margin
Adj EBITDA
Adj EBITDA Margin
Q4 2025 Results
$51.7
($0.1)
-0.1%
$0.5
1.0%
Q4 2024 Results
$51.2
($1.6)
-3.0%
($0.3)
-0.6%
$ Increase (decrease) vs prior year
$0.5
$1.5
$0.8
% Increase (decrease) vs prior year
0.9%
96.1%
+290bps
277.2%
+160bps
Items in this table may not recalculate due to rounding
Full Year 2025 Financial Summary
Year Ended December 31,
(Dollars in thousands, except per share data)
2025
2024
% Inc
(Dec)
Net sales
$
825,742
$
836,281
(1.3
)%
Gross profit
$
276,054
$
270,805
1.9
%
Gross margin
33.4
%
32.4
%
Operating income
$
74,556
$
44,480
67.6
%
Net income
$
34,928
$
7,201
385.0
%
Net income per diluted share
$
0.93
$
0.19
389.5
%
Adjusted operating income
$
84,893
$
83,645
1.5
%
Adjusted net income
$
41,327
$
39,004
6.0
%
Adjusted earnings per diluted share
$
1.10
$
1.04
5.8
%
Adjusted EBITDA
$
124,170
$
122,238
1.6
%
Full Year 2025 Segment Results
(Dollar amounts in the segment tables below are reported in millions)
Material Handling
Net Sales
Op Income
Op Income Margin
Adj EBITDA
Adj EBITDA Margin
Full Year 2025 Results
$622.1
$112.4
18.1%
$150.1
24.1%
Full Year 2024 Results
$621.7
$77.8
12.5%
$142.2
22.9%
$ Increase (decrease) vs prior year
$0.5
$34.6
$7.9
% Increase (decrease) vs prior year
0.1%
44.5%
+560bps
5.6%
+120bps
Items in this table may not recalculate due to rounding
Distribution
Net Sales
Op Income
Op Income Margin
Adj EBITDA
Adj EBITDA Margin
Full Year 2025 Results
$203.9
($0.9)
-0.5%
$5.1
2.5%
Full Year 2024 Results
$214.8
$3.4
1.6%
$8.0
3.7%
$ Increase (decrease) vs prior year
($10.9)
($4.3)
($2.9)
% Increase (decrease) vs prior year
(5.1)%
(127.9)%
-210bps
(36.6)%
-120bps
Items in this table may not recalculate due to rounding
Balance Sheet & Cash Flow
Portfolio Transformation
The transformation of the Company continues to be on track, including the previously announced process to divest Myers Tire Supply (MTS) to create a more focused portfolio to better deliver shareholder value. MTS is expected to qualify for discontinued operations accounting treatment beginning in the first quarter reporting period of 2026.
2026 End Market Outlook
The following table presents the Company’s current 2026 outlook for each of its end markets. Due to the planned divestment of Myers Tire Supply, the Company is not providing an outlook for Automotive Aftermarket.
End Markets (TTM Sales of Material Handling Segment as of December 31, 2025)
2026 Outlook*
Industrial (41% of sales)
Moderate growth
Akro-Mils ®, Buckhorn ® & Jamco ® containers, organizational bins, totes, carts and cabinets; Scepter® military ammunition containers; OEM parts for general industrial equipment
Infrastructure (19% of sales)
Strong growth
Signature Systems ® ground protection matting for construction, industrial sites, and event venues
Vehicle (15% of sales)
Stable
RV, marine, and automotive components
Consumer (13% of sales)
Stable, affected by normal level of storm response
Scepter ® fuel containers; outdoor furniture and equipment
Food & Beverage (12% of sales)
Slightly down
Buckhorn ® seed boxes, intermediate bulk containers, and Tuff Series bulk containers for agricultural and chemical customers
*Excludes impact from exiting low-margin products and idling two rotational molding facilities in Q4 2025
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Thursday, March 5, 2026, at 8:30 a.m. ET. The call is anticipated to last one hour and may be accessed using the following online participation registration link: https://events.q4inc.com/analyst/316740658?pwd=hRjcz32B. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast or a replay, visit the Company's website www.myersindustries.com and click on the Investor Relations tab. An archived replay of the call will also be available on the site shortly after the event. An archive of the webcast will be available for replay following the meeting using the following link: https://events.q4inc.com/attendee/316740658
Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted gross profit, adjusted gross margin, adjusted operating income (loss), adjusted operating income margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA margin, adjusted net income, adjusted earnings per diluted share (adjusted EPS), and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release.
About Myers Industries
Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal products that protect the world from the ground up for Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket end markets. Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, we have established ourselves as a leading diversified industrial company. We provide critical solutions to our customers, delivering exceptional value. Visit www.myersindustries.com to learn more.
Caution on Forward-Looking Statements
Statements in this release include “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, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” or variations of these words, or similar expressions. These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, these statements inherently involve a wide range of uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. The Company’s actual actions, results, and financial condition may differ materially from what is expressed or implied by the forward-looking statements.
Specific factors that could cause such a difference on our business, financial position, results of operations and/or liquidity include, without limitation, raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world, including the impacts of U.S. and foreign tariff policies; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events; our ability to successfully execute our announced intended divestiture of the Myers Tire Supply business; and other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including without limitation, the risk factors disclosed in Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Given these factors, as well as other variables that may affect our operating results, readers should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company expressly disclaims any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them.
M-INV
MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(Dollars in thousands, except share and per share data)
Quarter Ended
Year Ended
December 31, 2025
December 31, 2024
December 31, 2025
December 31, 2024
Net sales
$
203,974
$
203,876
$
825,742
$
836,281
Cost of sales
136,230
137,987
549,688
565,476
Gross profit
67,744
65,889
276,054
270,805
Selling, general and administrative expenses
39,850
44,281
172,401
174,028
Depreciation and amortization
4,222
4,462
17,447
18,077
Freight out
2,929
2,561
11,046
12,003
(Gain) loss on disposal of fixed assets
505
(52
)
604
201
Impairment charges
—
—
—
22,016
Operating income (loss)
20,238
14,637
74,556
44,480
Interest expense, net
7,174
7,761
29,421
30,937
Income (loss) before income taxes
13,064
6,876
45,135
13,543
Income tax expense (benefit)
1,734
2,579
10,207
6,342
Net income (loss)
$
11,330
$
4,297
$
34,928
$
7,201
Net income (loss) per common share:
Basic
$
0.30
$
0.12
$
0.93
$
0.19
Diluted
$
0.30
$
0.11
$
0.93
$
0.19
Weighted average common shares outstanding:
Basic
37,390,627
37,255,837
37,368,578
37,141,030
Diluted
37,646,478
37,444,040
37,561,592
37,403,518
MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
(Dollars in thousands)
December 31, 2025
December 31, 2024
Assets
Current Assets
Cash
$
45,050
$
32,222
Trade accounts receivable, net
125,314
109,372
Other accounts receivable, net
14,164
12,654
Inventories, net
86,064
97,001
Other current assets
10,867
8,058
Total Current Assets
281,459
259,307
Property, plant, & equipment, net
129,105
137,564
Right of use asset - operating leases
24,818
30,561
Goodwill and intangible assets, net
407,465
421,853
Deferred income taxes
178
205
Other assets
8,296
11,325
Total Assets
$
851,321
$
860,815
Liabilities & Shareholders' Equity
Current Liabilities
Accounts payable
$
71,172
$
71,049
Accrued expenses
55,868
49,196
Operating lease liability - short-term
6,727
6,597
Finance lease liability - short-term
645
621
Long-term debt - current portion
34,601
19,649
Total Current Liabilities
169,013
147,112
Long-term debt
311,210
355,310
Operating lease liability - long-term
18,135
23,700
Finance lease liability - long-term
7,349
7,994
Other liabilities
14,916
15,303
Deferred income taxes
36,472
33,884
Total Shareholders' Equity
294,226
277,512
Total Liabilities & Shareholders' Equity
$
851,321
$
860,815
MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(Dollars in thousands)
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Cash Flows From Operating Activities
Net income (loss)
$
11,330
$
4,297
$
34,928
$
7,201
Adjustments to reconcile net income (loss) to net cash
provided by (used for) operating activities
Depreciation and amortization
9,625
9,833
39,277
38,593
Amortization of deferred financing costs
702
599
2,323
1,917
Amortization of acquisition-related inventory step-up
—
—
—
4,457
Non-cash stock-based compensation expense
836
923
3,536
1,660
(Gain) loss on disposal of fixed assets
505
(52
)
604
201
Impairment charges
—
—
—
22,016
Deferred taxes
3,206
(6,048
)
3,206
(6,048
)
Other
731
(847
)
(2,100
)
(297
)
Cash flows provided by (used for) working capital
Accounts receivable - trade and other, net
(9,781
)
11,176
(11,908
)
26,822
Inventories
13,689
7,612
11,393
6,227
Prepaid expenses and other current assets
(1,077
)
1,143
(2,800
)
(525
)
Accounts payable and accrued expenses
(7,205
)
(1,288
)
8,302
(22,932
)
Net cash provided by (used for) operating activities
22,561
27,348
86,761
79,292
Cash Flows From Investing Activities
Capital expenditures
(3,618
)
(7,133
)
(19,553
)
(24,435
)
Acquisition of business, net of cash acquired
—
—
—
(348,312
)
Proceeds from sale of property, plant, and equipment
(37
)
130
624
242
Net cash provided by (used for) investing activities
(3,655
)
(7,003
)
(18,929
)
(372,505
)
Cash Flows From Financing Activities
Net borrowings (repayments) from revolving credit facility
—
(5,000
)
—
(20,000
)
Proceeds from Term Loan A
—
—
—
400,000
Repayments of Term Loan A
(16,000
)
(8,000
)
(31,000
)
(18,000
)
Repayments of senior unsecured notes
—
—
—
(38,000
)
Payments on finance lease
(157
)
(151
)
(621
)
(593
)
Cash dividends paid
(5,055
)
(5,040
)
(20,494
)
(20,432
)
Proceeds from issuance of common stock
256
289
1,122
3,342
Shares withheld for employee taxes on equity awards
(36
)
(23
)
(965
)
(2,050
)
Repurchase of common stock
(504
)
—
(2,525
)
—
Deferred financing fees
—
—
—
(9,172
)
Net cash provided by (used for) financing activities
(21,496
)
(17,925
)
(54,483
)
295,095
Foreign exchange rate effect on cash
(325
)
92
(521
)
50
Net increase (decrease) in cash
(2,915
)
2,512
12,828
1,932
Beginning Cash
47,965
29,710
32,222
30,290
Ending Cash
$
45,050
$
32,222
$
45,050
$
32,222
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)
(Dollars in thousands)
Quarter Ended December 31, 2025
Material Handling
Distribution
Segment Total
Corporate & Other
Total
Net sales
$
152,308
$
51,685
$
203,993
$
(19
)
$
203,974
Net income (loss)
11,330
Net income margin
5.6
%
Gross profit
67,744
Add: Restructuring expenses and other adjustments
749
Adjusted gross profit
68,493
Gross margin as adjusted
33.6
%
Operating income (loss)
28,942
(61
)
28,881
(8,643
)
20,238
Operating income margin
19.0
%
-0.1
%
14.2
%
n/a
9.9
%
Add: Restructuring expenses and other adjustments
1,271
—
1,271
228
1,499
Add: Myers Tire Supply strategic review / sale costs
—
—
—
565
565
Add: Environmental reserves, net (2)
—
—
—
200
200
Adjusted operating income (loss) (1)
30,213
(61
)
30,152
(7,650
)
22,502
Adjusted operating income margin
19.8
%
-0.1
%
14.8
%
n/a
11.0
%
Add: Depreciation and amortization
8,782
598
9,380
245
9,625
Adjusted EBITDA
$
38,995
$
537
$
39,532
$
(7,405
)
$
32,127
Adjusted EBITDA margin
25.6
%
1.0
%
19.4
%
n/a
15.8
%
(1) Includes gross profit adjustments of $749 and SG&A adjustments of $1,515
(2) Includes environmental charges of $1,600 net of probable insurance recoveries of $1,400
Quarter Ended December 31, 2024
Material Handling
Distribution
Segment Total
Corporate & Other
Total
Net sales
$
152,704
$
51,225
$
203,929
$
(53
)
$
203,876
Net income (loss)
4,297
Net income margin
2.1
%
Gross profit
65,889
Less: Restructuring expenses and other adjustments
(157
)
Adjusted gross profit
65,732
Gross margin as adjusted
32.2
%
Operating income (loss)
25,924
(1,552
)
24,372
(9,735
)
14,637
Operating income margin
17.0
%
-3.0
%
12.0
%
n/a
7.2
%
Add: Restructuring expenses and other adjustments
7
427
434
1,854
2,288
Add: Acquisition and integration costs
—
—
—
212
212
Add: Environmental reserves, net (2)
—
—
—
500
500
Adjusted operating income (loss) (1)
25,931
(1,125
)
24,806
(7,169
)
17,637
Adjusted operating income margin
17.0
%
-2.2
%
12.2
%
n/a
8.7
%
Add: Depreciation and amortization
8,793
822
9,615
218
9,833
Adjusted EBITDA
$
34,724
$
(303
)
$
34,421
$
(6,951
)
$
27,470
Adjusted EBITDA margin
22.7
%
-0.6
%
16.9
%
n/a
13.5
%
(1) Includes gross profit adjustments of $(157) and SG&A adjustments of $3,157
(2) Includes environmental charges of $2,100 net of probable insurance recoveries of $1,600
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)
(Dollars in thousands)
Year Ended December 31, 2025
Material Handling
Distribution
Segment Total
Corporate & Other
Total
Net sales
$
622,147
$
203,887
$
826,034
$
(292
)
$
825,742
Net income (loss)
34,928
Net income margin
4.2
%
Gross profit
276,054
Add: Restructuring expenses and other adjustments
2,347
Adjusted gross profit
278,401
Gross margin as adjusted
33.7
%
Operating income (loss)
112,368
(939
)
111,429
(36,873
)
74,556
Operating income margin
18.1
%
-0.5
%
13.5
%
n/a
9.0
%
Add: Restructuring expenses and other adjustments
3,902
3,051
6,953
4,209
11,162
Add: Myers Tire Supply strategic review / sale costs
—
—
—
565
565
Add: Pension termination
1,585
—
1,585
—
1,585
Less: Recovery of purchased credit deteriorated assets
(3,175
)
—
(3,175
)
—
(3,175
)
Add: Environmental reserves, net (2)
—
—
—
200
200
Adjusted operating income (loss) (1)
114,680
2,112
116,792
(31,899
)
84,893
Adjusted operating income margin
18.4
%
1.0
%
14.1
%
n/a
10.3
%
Add: Depreciation and amortization
35,426
2,966
38,392
885
39,277
Adjusted EBITDA
$
150,106
$
5,078
$
155,184
$
(31,014
)
$
124,170
Adjusted EBITDA margin
24.1
%
2.5
%
18.8
%
n/a
15.0
%
(1) Includes gross profit adjustments of $2,347 and SG&A adjustments of $7,990
(2) Includes environmental charges of $2,500 net of probable insurance recoveries of $2,300
Year Ended December 31, 2024
Material Handling
Distribution
Segment Total
Corporate & Other
Total
Net sales
$
621,655
$
214,768
$
836,423
$
(142
)
$
836,281
Net income (loss)
7,201
Net income margin
0.9
%
Gross profit
270,805
Add: Restructuring expenses and other adjustments
4,006
Add: Acquisition-related inventory step-up
4,457
Adjusted gross profit
279,268
Gross margin as adjusted
33.4
%
Operating income (loss)
77,767
3,363
81,130
(36,650
)
44,480
Operating income margin
12.5
%
1.6
%
9.7
%
n/a
5.3
%
Add: Executive severance costs
—
—
—
1,405
1,405
Add: Restructuring expenses and other adjustments
3,867
1,402
5,269
2,271
7,540
Add: Acquisition and integration costs
305
—
305
4,344
4,649
Add: Acquisition-related inventory step-up
4,457
—
4,457
—
4,457
Add: Impairment charges
22,016
—
22,016
—
22,016
Less: Insurance recovery of legal fees
(702
)
—
(702
)
—
(702
)
Less: Environmental reserves, net (2)
—
—
—
(200
)
(200
)
Adjusted operating income (loss) (1)
107,710
4,765
112,475
(28,830
)
83,645
Adjusted operating income margin
17.3
%
2.2
%
13.4
%
n/a
10.0
%
Add: Depreciation and amortization
34,499
3,248
37,747
846
38,593
Adjusted EBITDA
$
142,209
$
8,013
$
150,222
$
(27,984
)
$
122,238
Adjusted EBITDA margin
22.9
%
3.7
%
18.0
%
n/a
14.6
%
(1) Includes gross profit adjustments of $8,463, impairment charges of $22,016 and SG&A adjustments of $8,686
(2) Includes environmental charges of $3,100 net of probable insurance recoveries of $3,300
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
ADJUSTED OPERATING INCOME, ADJUSTED EBITDA AND FREE CASH FLOW (UNAUDITED)
(Dollars in thousands)
Quarter Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Adjusted operating income (loss) reconciliation:
Operating income (loss)
$
20,238
$
14,637
$
74,556
$
44,480
Restructuring expenses and other adjustments
1,499
2,288
11,162
7,540
Myers Tire Supply strategic review / sale costs
565
—
565
—
Pension termination
—
—
1,585
—
Acquisition and integration costs
—
212
—
4,649
Acquisition-related inventory step-up
—
—
—
4,457
Recovery of purchased credit deteriorated assets
—
—
(3,175
)
—
Impairment charges
—
—
—
22,016
Insurance recovery of legal fees
—
—
—
(702
)
Executive severance costs
—
—
—
1,405
Environmental reserves, net
200
500
200
(200
)
Adjusted operating income (loss)
$
22,502
$
17,637
$
84,893
$
83,645
Adjusted EBITDA reconciliation:
Net income (loss)
$
11,330
$
4,297
$
34,928
$
7,201
Income tax expense (benefit)
1,734
2,579
10,207
6,342
Interest expense, net
7,174
7,761
29,421
30,937
Operating income (loss)
20,238
14,637
74,556
44,480
Depreciation and amortization
9,625
9,833
39,277
38,593
Restructuring expenses and other adjustments
1,499
2,288
11,162
7,540
Myers Tire Supply strategic review / sale costs
565
—
565
—
Pension termination
—
—
1,585
—
Acquisition and integration costs
—
212
—
4,649
Acquisition-related inventory step-up
—
—
—
4,457
Recovery of purchased credit deteriorated assets
—
—
(3,175
)
—
Impairment charges
—
—
—
22,016
Insurance recovery of legal fees
—
—
—
(702
)
Executive severance costs
—
—
—
1,405
Environmental reserves, net
200
500
200
(200
)
Adjusted EBITDA
$
32,127
$
27,470
$
124,170
$
122,238
Free cash flow reconciliation:
Net cash provided by (used for) operating activities
$
22,561
$
27,348
$
86,761
$
79,292
Capital expenditures
(3,618
)
(7,133
)
(19,553
)
(24,435
)
Free cash flow
$
18,943
$
20,215
$
67,208
$
54,857
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 December 31,
Year Ended December 31,
2025
2024
2025
2024
Adjusted net income (loss) reconciliation:
Net income (loss)
$
11,330
$
4,297
$
34,928
$
7,201
Income tax expense (benefit)
1,734
2,579
10,207
6,342
Income (loss) before income taxes
13,064
6,876
45,135
13,543
Restructuring expenses and other adjustments
1,499
2,288
11,162
7,540
Myers Tire Supply strategic review / sale costs
565
—
565
—
Pension termination
—
—
1,585
—
Acquisition and integration costs
—
212
—
4,649
Acquisition-related inventory step-up
—
—
—
4,457
Recovery of purchased credit deteriorated assets
—
—
(3,175
)
—
Impairment charges
—
—
—
22,016
Insurance recovery of legal fees
—
—
—
(702
)
Executive severance costs
—
—
—
1,405
Environmental reserves, net
200
500
200
(200
)
Adjusted income (loss) before income taxes
15,328
9,876
55,472
52,708
Income tax expense, as adjusted (1)
(3,708
)
(2,568
)
(14,145
)
(13,704
)
Adjusted net income (loss)
$
11,620
$
7,308
$
41,327
$
39,004
Adjusted earnings per diluted share reconciliation:
Net income (loss) per common diluted share
$
0.30
$
0.11
$
0.93
$
0.19
Restructuring expenses and other adjustments
0.04
0.06
0.30
0.20
Myers Tire Supply strategic review / sale costs
0.01
—
0.01
—
Pension termination
—
—
0.04
—
Acquisition and integration costs
—
0.01
—
0.13
Acquisition-related inventory step-up
—
—
—
0.12
Recovery of purchased credit deteriorated assets
—
—
(0.08
)
—
Impairment charges
—
—
—
0.59
Insurance recovery of legal fees
—
—
—
(0.02
)
Executive severance costs
—
—
—
0.04
Environmental reserves, net
0.01
0.01
0.01
(0.01
)
Adjusted effective income tax rate impact
(0.05
)
0.00
(0.10
)
(0.20
)
Adjusted earnings per diluted share (2)
$
0.31
$
0.19
$
1.10
$
1.04
Items in this table may not recalculate due to rounding
(1) Income taxes are calculated using the normalized effective tax rate for each year. The rate used in 2025 is 25.5% and in 2024 is 26%.
(2) Adjusted earnings per diluted share is calculated using the weighted average common shares outstanding for the respective period.