Myers reported strong fourth quarter and full year results

Akron, OH — Myers Industries Inc. reported sharply higher earnings for the fourth quarter and improved profitability for the full year 2025, driven by cost reductions, operational improvements and margin expansion, according to a company press release.

Fourth-quarter net income rose to $11.3 million, or 30 cents per diluted share, compared with $4.3 million, or 11 cents per share, a year earlier. Adjusted earnings per share increased to 31 cents from 19 cents, while net sales were essentially flat at about $204 million.

Gross profit and operating income increased during the quarter, supported by a favorable product mix, higher volume and reduced selling, general and administrative expenses, partially offset by lower pricing.

The company’s material handling segment drove margin expansion, with operating income and adjusted EBITDA rising on improved mix, higher volume and cost reductions tied to its transformation efforts.

For the full year, Myers reported net sales of $825.7 million, down 1.3% from 2024, as growth in industrial and infrastructure markets was offset by weaker demand in consumer, vehicle and automotive aftermarket segments.

The company said it generated strong free cash flow of about $67 million in 2025, an increase of 23% from the prior year, and reduced annualized costs by $20 million, primarily in SG&A, meeting its stated goal.

President and CEO Aaron Schapper said the company made “significant progress” on its “Focused Transformation” initiative, including streamlining manufacturing operations, improving cost structure and strengthening the balance sheet while reducing debt and leverage.

Myers said it is continuing to focus on its core businesses while progressing with the sale of its tire supply business as part of a broader portfolio realignment.