Myers Industries Flat Q4 Sales $204M, Margins Expand 140bps in Transformation Push
Myers Industries reported fourth-quarter net sales of $204 million, flat year-over-year, while adjusted gross margin rose 140 basis points to 33.6% and adjusted EPS climbed 63%. Management highlighted transformation-driven cost reductions and the planned sale of Myers Tire Supply as strategic moves to accelerate long-term growth.
1. Q4 Performance
Myers Industries generated fourth-quarter net sales of $204 million, essentially flat year-over-year. Excluding the impact of idling two rotational molding facilities, sales would have increased 3% driven by infrastructure, industrial, and food & beverage markets.
2. Margin Expansion
Adjusted gross margin improved 140 basis points to 33.6%, driven by favorable mix and higher volume. Adjusted operating margin rose 230 basis points to 11%, while adjusted EPS increased 63% year-over-year, reflecting transformation savings and lower SG&A.
3. Transformation Strategy
Management attributed margin gains to its focused transformation program, which included exiting low-margin products and idling underperforming facilities. The planned sale of Myers Tire Supply is expected to further streamline operations and enhance long-term profitability.
4. Full-year 2025 Outlook
For full-year 2025, net sales were $825.7 million, down 1.3% year-over-year. Excluding idled facilities, sales declined 0.6%, with Material Handling growth offset by Distribution softness and mixed market demand, but profitability and cash generation improved.