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Stock impact report

Myers Industries: Looking To Simplify And Improve Accountability [Seeking Alpha]

Myers Industries, Inc. (MYE) 
Last myers industries, inc. earnings: 3/3 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
MYE's material handling business generates over $600 million in sales with segment margins in the low 20s, supporting a steadier earnings profile. Leverage is expected to decline to around 2x post-divestiture, with pro forma earnings estimated near $1.25 per share and a 16x multiple. Despite strategic progress and a 40% share price rally since summer, I remain cautious and await clarity post-divestiture before considering involvement. Pavel Kot/iStock via Getty Images In June, I concluded that an appeal was evident in the case of Myers Industries ( MYE ), yet execution was needed to achieve this. Its $350 million deal to acquire Signature Systems added a lot of More on my IG service If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs, and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situation Show less Read more
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