MYE Earnings Prediction
The chart below shows how MYE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MYE sees a +3.39% change in stock price 10 days leading up to the earnings, and a -0.45% change 10 days following the report. On the earnings day itself, the stock moves by +0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
MYE Key Earning Data
2024/Q4
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MYE Earnings Analysis
Myers Industries Inc Corporation (MYE.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Myers Industries, Inc. reported an EPS of $0.19, exceeding expectations of $0.10.
Net Sales Increase: Fourth quarter net sales increased by 6.7% to $203.9 million, driven by strong performance in the consumer and industrial end markets.
Gross Margin Improvement: Adjusted gross margin improved by 210 basis points to 32.2%, largely due to the acquisition of Signature and favorable product mix.
EBITDA Margin Improvement: Adjusted EBITDA increased by 26.2%, with an adjusted EBITDA margin of 13.5%, up from 11.4% last year.
Material Handling Sales Surge: The Material Handling segment saw a 20.3% increase in net sales, supported by the Signature acquisition and strong Scepter military and fuel can sales.
Sales Performance Improvement: Scepter products exceeded prior year sales by 48%, contributing positively to revenue growth.
Strong Free Cash Flow: The company generated free cash flow of $20.2 million in the fourth quarter and $54.9 million for the year, indicating strong cash generation capabilities.
Share Repurchase Program Announcement: Myers announced a new $10 million share repurchase program, reflecting confidence in the business and commitment to returning cash to shareholders.
Synergy Cost Targets Achieved: The company is on track with synergy cost targets for the Signature acquisition, contributing to overall financial improvement.
Negative
Portfolio Performance Concerns: Some businesses in the portfolio are not performing to expectations, indicating potential weaknesses in certain areas.
Suspension of Annual Guidance: The company is suspending its practice of issuing formal annual guidance, which may signal uncertainty about future performance.
Distribution Sales Decline: The Distribution segment experienced a significant sales decrease of 20.2%, highlighting challenges in that area.
Sales Performance Decline: Lower seed box volume in the food and beverage end market negatively impacted overall sales performance.
SG&A Expense Impact: Increased SG&A expenses due to the Signature acquisition, which could affect profitability in the short term.
Cyclical Market Challenges: The company is facing cyclical market headwinds in the Buckhorn business, which may hinder growth prospects.
Tariff Impact Uncertainty: The overall macroeconomic impact of new tariffs remains uncertain, which could pose risks to future operations.
MYE FAQs
How does MYE typically perform around its earnings report dates?
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MYE Earning Call Sentiment
Myers Industries, Inc. (NYSE:MYE) Q4 2024 Earnings Call Transcript
MYE.N
1.67%Positive
The earnings call shows mixed signals. Positive aspects include net sales growth, improved margins, and a share repurchase program. However, the reduced earnings guidance, challenges in the distribution segment, and unclear profitability outlook for 2025 are concerning. The Q&A highlighted underperformance and market uncertainties. The share repurchase program is a positive, but the lack of strong guidance and underperformance issues balance this out. Overall, the sentiment is neutral, suggesting a potential stock price movement between -2% to 2%.
