Myers Industries Q3 sales rise 8.1% to $171.3 million; GAAP profit falls 23.5%
Myers Industries reported third-quarter 2026 net sales of $171.3 million, up 8.1% from a year earlier, but income from continuing operations fell 25.1% to $4.7 million, and the company posted a net loss of $865,000 after a $5.6 million loss from discontinued operations. Adjusted earnings per diluted share rose 3.2% to $0.32, while gross margin fell to 27.3% from 31.1% on higher resin costs and unfavorable mix, and management expects significant sequential margin improvement in the fourth quarter.
Key points
- Net sales were $171.3 million versus $158.5 million; diluted EPS from continuing operations was $0.13 versus $0.17, and adjusted EPS was $0.32 versus $0.31.
- Operating income fell 11.2% to $14.8 million and adjusted EBITDA fell 8.2% to $26.6 million; the company cited higher resin costs, unfavorable mix and unplanned maintenance.
- Infrastructure revenue rose 38% and Food & Beverage rose 12%, while Vehicle was outlined as down for 2026 and Industrial and Consumer were flat year over year.
- The sale of Myers Tire Supply was completed, with $23.6 million in proceeds from the sale of business, and the company recorded a $3.5 million loss on debt extinguishment from amending its credit agreement.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.