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Stock impact report

Myers Industries Reports 2020 First Quarter Results

Myers Industries, Inc. (MYE) 
Last myers industries, inc. earnings: 3/3 06:30 am Check Earnings Report
Company Research Source: Business Wire
Gross margin improves despite lower sales;Company updates 2020 annual revenue outlook and withdraws annual EPS guidance AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel and under-vehicle service industry, today announced results for the first quarter ended March 31, 2020.First Quarter 2020 Financial HighlightsGAAP income per diluted share from continuing operations was $0.47, including $11.9 million of pre-tax income from the sale of notes and release of lease guarantee liability related to the Company’s Lawn and Garden business (sold in 2015), compared with $0.19 for the first quarter of 2019Adjusted income per diluted share from continuing operations was $0.22, compared with $0.23 for the first quarter of 2019Net sales decreased 12.1% to $122.3 million, compared with $139.1 million for the first quarter of 2019Gross margin increased to 34.8%, compared with 32.7% for the first quarter of 2019Ca Show less Read more
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