Myers Industries Q2 Profit, Sales Decline; Launches Strategic Review Of Tire Supply Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2025
0mins
Source: NASDAQ.COM
Financial Performance: Myers Industries Inc. reported a net income of $9.71 million for Q2, down from $10.28 million the previous year, with a 4.8% decline in net sales to $209.58 million, primarily due to reduced demand in the Vehicle and Automotive Aftermarket.
Strategic Review: The company is initiating a strategic review of its Tire Supply business to concentrate on its core operations.
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Analyst Views on MYE
Wall Street analysts forecast MYE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYE is 21.00 USD with a low forecast of 21.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.100
Low
21.00
Averages
21.00
High
21.00
Current: 20.100
Low
21.00
Averages
21.00
High
21.00
About MYE
Myers Industries, Inc. is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also a distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Its Material Handling segment manufactures a selection of durable plastic reusable containers that are used repeatedly. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, custom plastic products, consumer fuel containers, and tanks for water, fuel and waste handling. Its Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire servicing, wheel, and automotive under-vehicle service on passenger, heavy truck, and off-road vehicles and the manufacturing of tire repair materials and custom rubber. It also manufactures composite matting ground protection for industrial applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Myers Industries to Hold Q3 2025 Earnings Conference Call at 8:30 AM ET
Conference Call Announcement: Myers Industries Inc. (MYE) will hold a conference call on October 30, 2025, at 8:30 AM ET to discuss their Q3 25 earnings results.
Webcast Access: Interested parties can access the live webcast of the conference call through a provided link.
Replay Information: A replay of the call will be available by dialing specific phone numbers.
Disclaimer: The views expressed in the announcement are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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