Overview * Myers Industries Q3 net sales rose 0.2%, beating analyst expectations * Adjusted operating income for Q3 beats estimates, reflecting improved cost productivity * Company initiates sale process for Myers Tire Supply, partnering with KeyBanc Outlook * Myers Industries expects moderate growth in the Industrial market for 2025 * Company anticipates strong growth in Infrastructure market in 2025 * Myers Industries forecasts declines in Vehicle and Consumer markets for 2025 Result Drivers * GROSS PROFIT GROWTH – Driven by favorable product mix and cost productivity improvements, says CEO Aaron Schapper * FREE CASH FLOW IMPROVEMENT – Significant increase due to better working capital management, generating $21.5 mln this qtr * COST REDUCTIONS – Idling of two production facilities identified $19 mln in structural cost reductions, aiming for $20 mln annual savings Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Sales Beat $205.44 $198.80 mln mln (1 Analyst) Q3 EPS $0.19 Q3 Net $7.08 Income mln Q3 Beat $30.59 $30 mln Adjusted mln (1 EBITDA Analyst) Q3 Beat $20.91 $19.80 Adjusted mln mln (1 operatin Analyst) g income Q3 Gross $68.57 Profit mln 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 $21.00, about 17.2% above its October 29 closing price of $17.38 * The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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