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Stock impact report

Myers Industries Announces Acquisition of Signature Systems

Myers Industries, Inc. (MYE) 
Last myers industries, inc. earnings: 3/3 06:30 am Check Earnings Report
Company Research Source: Business Wire
Signature Systems, a global ground protection leader, bolsters Myers’ margin and profitability profile, and provides an attractive platform for continued growthThe Signature Systems acquisition enhances Myers’ traditional strength of free cash flow generation and advances Myers from Horizon 1 to Horizon 2 in its strategic growth planAcquisition delivers $8 million in annualized operational and cost synergies implemented by 2025US GAAP EPS projected to be flat to slightly dilutive in 2024, with $0.20 - $0.30 per share accretion in 2025, $0.40 - $0.50 per share accretion in 2026 and additional meaningful accretion beyond 2026 AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE) (“Myers” or the “Company”), a leading manufacturer and distributor of industrial products, today announced that it has entered into an Agreement and Plan of Merger through which it will acquire Signature Systems (“Signature”), a leader in composite ground protection solutions.“Signature Systems is Show less Read more
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