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Here are 1-2 brief analogies to describe Myers Industries (MYE):

• Myers Industries is like a **Rubbermaid for industrial and commercial storage**, manufacturing heavy-duty plastic bins, totes, and organizational systems for factories, workshops, and businesses.
• Similar to a **smaller, more specialized 3M**, Myers Industries manufactures a diverse range of essential plastic and rubber products, from fuel cans and tire repair materials to custom industrial components.

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• Material Handling Containers & Storage: Manufactures plastic bins, totes, pallets, and other storage and organization products for industrial, commercial, and consumer markets.
• Custom Rotational Molded Products: Produces large, complex custom plastic parts and assemblies for original equipment manufacturers (OEMs) in diverse industries.
• Portable Fuel & Water Containers: Supplies plastic fuel cans, water containers, and other liquid storage solutions for consumer and commercial applications.
• Industrial Carts & Dollies: Provides a range of hand trucks, service carts, and specialized dollies designed for material movement in industrial and commercial settings.

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Myers Industries (symbol: MYE) sells primarily to other companies (B2B).

Due to the diversified nature of its business segments and the fact that no single customer accounts for more than 10% of its consolidated net sales (as per its latest 10-K filings), Myers Industries does not publicly disclose specific major customer companies by name. Instead, its customer base can be categorized by the types of businesses it serves:

1. Tire Repair & Retread Facilities and Automotive Service Centers: These customers purchase a wide range of equipment, tools, and supplies for tire service and retreading through Myers' Distribution segment. This includes independent tire shops, franchised automotive service centers, and commercial retread plants.
2. Industrial and Commercial Enterprises: Through its Material Handling segment, Myers supplies various businesses with storage, organization, and material handling solutions. This category includes manufacturers (e.g., automotive, electronics, general industrial), logistics and warehousing companies, waste management services, and other commercial operations that require durable plastic and metal products for efficient operations.
3. Retailers and Wholesale Distributors: Myers provides products to large retail chains (such as home improvement stores and general merchandise retailers) and wholesale distributors. These intermediaries then sell Myers' material handling products to end-users, which can include both businesses and individual consumers.

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Aaron M. Schapper, President and Chief Executive Officer

Mr. Schapper was appointed as President and Chief Executive Officer of Myers Industries, effective January 1, 2025. He brings significant experience leading global industrial businesses. For eight years, he held various senior leadership roles at Valmont Industries Inc., including Group President of Agriculture and Chief Strategy Officer, Group President of Infrastructure, and Group President of Utility Support Structures. Prior to Valmont, he served as General Manager at Orbit Irrigation Products Inc. in Shanghai, China.

Samantha Rutty, Executive Vice President and Chief Financial Officer

Ms. Rutty has been appointed Executive Vice President and Chief Financial Officer, effective September 22, 2025. She has more than two decades of finance leadership experience across global services and manufacturing companies. Before joining Myers, she served as Vice President and Chief Financial Officer of Brink's North America at The Brink's Company since November 2022. Prior to Brink's, she spent 20 years with Eaton Corporation in various senior finance roles, including Director of Finance, eMobility; Division Controller, Fluid and Electrical Distribution; and Division Controller, Fuel and Motion Controls Aerospace.

Daniel Hoehn, Vice President and Corporate Controller

Mr. Hoehn joined Myers Industries in 2019 as Corporate Controller. He has served as Interim Chief Financial Officer for Myers Industries from September 2020 to March 2021, and again from May 2, 2025, until September 22, 2025, at which point he will return to his role as Vice President and Corporate Controller. His professional career spans more than two decades, encompassing accounting leadership roles at global public companies. Before his tenure at Myers, he was Chief Accounting Officer at Babcock & Wilcox and Corporate Controller at Chiquita Brands International, and he began his career at KPMG.

Jeff Baker, President, Distribution

Mr. Baker serves as the President of Distribution for Myers Industries.

Lorelei Evans, Senior Vice President, Human Resources

Ms. Evans is the Senior Vice President of Human Resources at Myers Industries.

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The key risks to Myers Industries (MYE) primarily revolve around its operational costs, market demand, and the successful execution of its strategic initiatives.

1. Fluctuations in Raw Material Costs: Myers Industries is significantly exposed to the volatility of commodity raw materials, particularly plastic resins. Increases in the cost of these materials can materially impact the company's financial position, results of operations, and cash flows. The company currently does not have derivative contracts to hedge against these changes, making it vulnerable to market price swings.
2. Weakness in End-Market Demand and Broader Economic Conditions: The company's financial performance is susceptible to cyclical demand declines in several key end markets. These include recreational vehicles, marine, consumer discretionary goods, and the vehicle and automotive aftermarket segments. Challenging macroeconomic conditions and inflationary pressures can lead to lower volumes and pricing, adversely affecting sales and profitability. Geopolitical instability also contributes to economic uncertainty and can impact the business.
3. Competition and the Execution of Strategic Transformation Initiatives: Myers Industries operates in highly competitive environments within both its Material Handling and Distribution segments. The company is currently undergoing a "Focused Transformation" initiative aimed at improving profitability and long-term value creation by addressing underperforming businesses, optimizing its portfolio, and achieving cost savings. There is inherent execution risk associated with these ambitious improvement forecasts and strategic shifts, including potential changes in demand volumes and pricing power due to industry shifts and heightened competition. The decision to sell Myers Tire Supply further highlights the strategic challenges within its Distribution segment.

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The increasing adoption of smart irrigation systems and broader trends towards water conservation and drought-resistant landscaping pose a clear emerging threat to Myers Industries' Flow Control segment. As consumers and businesses shift towards automated, water-efficient watering solutions and low-water-demand landscaping, the demand for traditional manual watering tools such as garden hoses, sprinklers, and nozzles, which are key products in Myers Industries' Flow Control portfolio, is likely to decline. This mirrors historical disruptions where new technologies and changing consumer behaviors displaced established product categories.

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Myers Industries (MYE) operates in two primary business segments: Material Handling and Distribution. The addressable markets for their main products and services are sized as follows:

Material Handling Segment

• Plastic Containers (Reusable Material Handling Containers, Storage Bins, Portable Fuel/Water Containers): The North America plastic container market size is anticipated to be USD 39.55 billion in 2025. The U.S. market alone is expected to reach USD 34.04 billion in 2025. Globally, the plastic container market was estimated at USD 104.1 billion in 2023 and is projected to reach USD 149.9 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. Another source indicates the global plastic container market will grow from USD 116.97 billion in 2025 to USD 189.22 billion by 2034, with North America being the fastest-growing region.
• Plastic Pallets: The global plastic pallets market size was valued at USD 6.84 billion in 2024 and is estimated to reach USD 10.09 billion by 2033, exhibiting a CAGR of 4.42% from 2025-2033.
• Custom Plastic Molding (Injection and Blow Molding): The North America plastic injection molding machine market size was estimated at USD 2,009.0 million in 2023 and is expected to be USD 2,075.7 million in 2024. It is projected to reach USD 2.61 billion by 2030, growing at a CAGR of 3.9%. Separately, the North America Injection Moulding Machine Market was valued at USD 3.05 billion in 2023 and is predicted to reach USD 4.43 billion by 2030, with a CAGR of 4.8%. The North America blow molded plastics market size was estimated at USD 20.62 billion in 2022 and is projected to reach USD 31.58 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030.
• Material Handling Equipment (Overall): The global material handling equipment market size was valued at USD 239.3 billion in 2024. It is projected to grow from USD 252.53 billion in 2025 to USD 390.88 billion by 2032, exhibiting a CAGR of 6.4%. Another report states the global market is expected to grow from USD 225.7 billion in 2023 to USD 418.5 billion by 2033, at a CAGR of 6.37%.

Distribution Segment

• Tire Repair and Retreading Products: The global tire retreading market size was USD 5,524.2 million in 2024. North America accounted for over 40% of the global revenue, with a market size of USD 2,209.68 million in 2024. The U.S. tire retreading market size is forecasted to grow by USD 926.8 million, at a CAGR of 4.2% from 2024 to 2029. Another estimate for the global tire retreading market size was USD 10.97 billion in 2023 and is expected to grow to USD 19.73 billion by 2032, with a CAGR of 6.8%. The U.S. market within this is projected to reach an estimated value of USD 2.32 million by 2032. The global retread tire market is also expected to reach US$ 16.89 billion by 2034, with North America's market value reaching US$ 4.16 billion.

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• Strategic Acquisitions and Integration: Myers Industries plans to continue growing through strategic mergers and acquisitions, building on the success of the Signature Systems acquisition. The Signature Systems acquisition has already been noted as a significant contributor to sales growth and improved profitability.
• Innovation and New Product Development: The company's "Horizon Two" strategy emphasizes growth through innovation and expanding into adjacent markets and technologies with a focus on branded products. This includes continuously adding new programs and products, particularly within the Material Handling segment and for Scepter military products.
• End Market Recovery and Growth in Key Segments: Myers Industries anticipates revenue growth as several of its cyclical end markets return to historical demand levels. Strong demand for Scepter products in the military end market, as well as growth in the infrastructure and industrial sectors, are expected to be significant drivers.
• Focused Transformation and Portfolio Optimization: Through its "Focused Transformation" initiative, Myers Industries aims to improve portfolio profitability by developing action plans to accelerate growth and expand margins in well-performing businesses. This includes a strategic review and intent to sell the Myers Tire Supply business, allowing the company to concentrate resources on higher-growth, core Material Handling segments.

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Share Repurchases

• Myers Industries authorized a new $10 million Share Repurchase Program on March 6, 2025, which replaced a previously authorized 2013 program.
• As of October 30, 2025, $2 million in shares had been repurchased under the 2025 program.
• The company completed the repurchase of approximately 2.0 million shares in 2011 under a separate authorization, with no significant repurchases noted from 2020-2023 under prior programs.

Share Issuance

• Net proceeds from the issuance of common stock, primarily related to incentive stock option exercises, were $3.3 million in 2024, $2.3 million in 2023, $2.3 million in 2022, $3.8 million in 2021, and $1.7 million in 2020.
• In April 2024, the 2024 Long-Term Incentive Plan was approved, authorizing the issuance of up to 2,500,000 additional stock awards for employee compensation.

Outbound Investments

• In January 2024, Myers Industries acquired Signature Systems for $350 million. This acquisition was financed through an amendment to an existing revolving credit facility and a new $400 million 5-year senior secured term loan A.
• The company acquired Mohawk Rubber Sales of New England Inc. for approximately $65 million in May 2022.
• Myers Industries completed the acquisition of Trilogy Plastics, Inc. for $34.5 million in July 2021 and Elkhart Plastics, Inc. for approximately $100 million in November 2020.
• Myers Industries is currently conducting a strategic review of its Myers Tire Supply business, which may lead to its divestiture.

Capital Expenditures

• Expected capital expenditures for 2025 are projected to be in the range of $35 million to $40 million.
• Capital expenditures were $24.4 million in 2024, $22.9 million in 2023, $24.3 million in 2022, and $17.9 million in 2021.
• A strategic reorganization initiated in 2025 aims to optimize business structure and improve cost competitiveness, including the idling and consolidation of two rotational molding production facilities.