Myers Industries Q2 revenue rises on Infrastructure and Food & Beverage strength
MYE•Analyst coverage
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the non-paper containers & packaging peer group is "buy"
- Wall Street's median 12-month price target for Myers Industries Inc is $37.00, about 12.5% above its July 29 closing price of $32.89
- The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago
Outlook for 2026
- Myers Industries expects moderate growth in Industrial and Food & Beverage end markets
- Company sees strong growth in Infrastructure segment for 2026
- Vehicle and Consumer segments expected to remain stable in 2026
Result drivers and key details
- Transformation initiatives - Company said Focused Transformation program drove commercial improvements, better volume and mix, and lower manufacturing costs
- End market performance - Strong growth in Infrastructure and Food & Beverage offset weaker Vehicle and Consumer demand
- Portfolio simplification - Exiting low-margin products and idling two facilities contributed to improved sales mix and margin expansion
