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Stock impact report

Myers Industries Reports 2019 Second Quarter Results

Myers Industries, Inc. (MYE) 
Last myers industries, inc. earnings: 3/3 06:30 am Check Earnings Report
Company Research Source: Business Wire
Updates Full-Year Outlook AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced results for the second quarter ended June 30, 2019.Second Quarter 2019 Business HighlightsGAAP income per diluted share from continuing operations was $0.18, compared to $0.26 for the second quarter of 2018; adjusted income per diluted share from continuing operations was $0.27, or flat compared to the second quarter of 2018Net sales decreased 4.5% compared to the second quarter of 2018Gross profit margin expanded 90 bps to 35.0%Operating income decreased 22.3%; adjusted operating income increased 6.0%Generated cash flow from continuing operations of $10.9 million and free cash flow of $9.4 millionUpdated Full-Year OutlookFull-year 2019 net sales are now expected to be down low-to-mid-single digits due primarily to weakness in consumer end market demandGAAP income per Show less Read more
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