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MYE 
Myers Industries Inc (MYE)
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Upturn Advisory Summary
01/09/2026: MYE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $21
1 Year Target Price $21
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.97% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 733.23M USD | Price to earnings Ratio 26.49 | 1Y Target Price 21 |
Price to earnings Ratio 26.49 | 1Y Target Price 21 | ||
Volume (30-day avg) 1 | Beta 1.1 | 52 Weeks Range 8.84 - 19.87 | Updated Date 01/9/2026 |
52 Weeks Range 8.84 - 19.87 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 2.76% | Basic EPS (TTM) 0.74 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.38% | Operating Margin (TTM) 9.99% |
Management Effectiveness
Return on Assets (TTM) 5.25% | Return on Equity (TTM) 9.92% |
Valuation
Trailing PE 26.49 | Forward PE - | Enterprise Value 1081007134 | Price to Sales(TTM) 0.89 |
Enterprise Value 1081007134 | Price to Sales(TTM) 0.89 | ||
Enterprise Value to Revenue 1.31 | Enterprise Value to EBITDA 9.97 | Shares Outstanding 37407915 | Shares Floating 36678461 |
Shares Outstanding 37407915 | Shares Floating 36678461 | ||
Percent Insiders 1.91 | Percent Institutions 90.16 |
Upturn AI SWOT
Myers Industries Inc
Company Overview
History and Background
Myers Industries Inc. was founded in 1933 by Walter P. Myers in Akron, Ohio. Initially a manufacturer of automotive accessories, the company evolved through strategic acquisitions and divestitures. It became a publicly traded company in 1960. Over the decades, Myers Industries diversified its product offerings and expanded its market reach within the plastics and metal fabrication industries. A significant milestone was the acquisition of Berry Plastics Corporation in 2010, which was later divested in 2017, allowing Myers to refocus on its core polymer products and material handling solutions.
Core Business Areas
- Material Handling: This segment manufactures and distributes a broad range of plastic storage and material handling products. These include storage bins, containers, pallets, and custom molded products used in various industries such as warehousing, manufacturing, agriculture, and food processing. Key brands include Akro-Mils, Nutting, and D.O.T. Industries.
- Recycling and Waste Management: This segment provides a wide array of recycling and waste management solutions. Products include collection bins, containers, and compactors for residential, commercial, and industrial use. Brands like Signal, Technopipe, and R&B are part of this segment.
Leadership and Structure
Myers Industries Inc. is led by a Board of Directors and a senior management team. As of late 2023/early 2024, key executives include the President and CEO, CFO, and various VPs responsible for operations, sales, and administration. The company operates under a divisional structure, aligning with its core business segments.
Top Products and Market Share
Key Offerings
- Akro-Mils Storage Bins and Totes: Durable, versatile plastic containers for organization and storage in industrial, commercial, and home environments. These are widely used in lean manufacturing, 5S initiatives, and general inventory management. Competitors include Quantum Storage, Global Industrial, and various private label manufacturers. Market share data for specific product lines is proprietary, but Akro-Mils is a recognized leader in its niche.
- Stacking and Nesting Containers: Plastic containers designed to optimize space during transport and storage. They are crucial for logistics and supply chain efficiency. Competitors include Orbis Corporation, Schoeller Allibert, and Rehrig Pacific Company. Myers holds a significant position in this market segment.
- Industrial and Agricultural Pallets: Heavy-duty plastic pallets designed for durability, hygiene, and efficient material handling in demanding environments. Competitors include CHEP, PECO Pallet, and various wood pallet manufacturers offering alternative solutions. Market share is fragmented but growing for plastic alternatives.
- Recycling and Waste Bins: Various sizes and types of bins and containers for waste collection and recycling, serving municipal, commercial, and institutional clients. Competitors include Rubbermaid Commercial Products, Toter (a division of Waste Management), and many smaller regional providers. Myers is a notable player in the North American market.
Market Dynamics
Industry Overview
Myers Industries operates in the plastic products manufacturing and distribution sectors, encompassing material handling and waste management solutions. These industries are influenced by trends in e-commerce, industrial automation, supply chain optimization, sustainability initiatives, and municipal/commercial waste management policies. The demand for durable, reusable, and efficient storage and transport solutions is robust. The recycling and waste management sector is driven by increasing environmental regulations and a growing focus on circular economy principles.
Positioning
Myers Industries is positioned as a leading manufacturer and distributor of innovative plastic products for material handling and waste management. Its competitive advantages include a broad product portfolio, strong brand recognition (e.g., Akro-Mils), established distribution channels, and a focus on quality and durability. The company also benefits from its expertise in polymer molding and its ability to offer customized solutions.
Total Addressable Market (TAM)
The global market for industrial and commercial storage and material handling products is substantial, estimated in the tens of billions of dollars and projected to grow steadily. Similarly, the waste management and recycling equipment market is also a multi-billion dollar industry. Myers Industries, particularly within North America, holds a significant share of specific niches within these larger markets, such as industrial storage bins and specialized material handling containers. Its positioning is strong within its core segments, aiming to capture a larger share through product innovation and market expansion.
Upturn SWOT Analysis
Strengths
- Strong brand recognition in material handling (Akro-Mils).
- Diverse product portfolio catering to multiple industries.
- Established distribution network and customer relationships.
- Expertise in polymer injection molding and product design.
- Focus on durable and reusable products, aligning with sustainability trends.
Weaknesses
- Reliance on raw material costs (plastic resins), which can be volatile.
- Competition from lower-cost manufacturers.
- Potential for supply chain disruptions affecting production and delivery.
- Historical challenges with integrating acquired businesses effectively (though this has improved).
Opportunities
- Growth in e-commerce driving demand for efficient warehousing and logistics solutions.
- Increasing adoption of automation and robotics in manufacturing and warehousing, requiring specialized containers.
- Expanding global reach and developing new international markets.
- Further development of sustainable and recycled content product lines.
- Potential for strategic acquisitions to expand product offerings or market access.
Threats
- Economic downturns impacting industrial and commercial spending.
- Intensifying price competition from domestic and international rivals.
- Fluctuations in the cost and availability of key raw materials.
- Changes in environmental regulations that could impact product design or material sourcing.
- Emergence of new material technologies or alternative solutions.
Competitors and Market Share
Key Competitors
- ORBIS Corporation (Stock Symbol: N/A - privately held)
- Quantum Storage (Stock Symbol: N/A - privately held)
- Rubbermaid Commercial Products (Stock Symbol: N/A - division of Newell Brands, NWL)
- Schoeller Allibert (Stock Symbol: SAIB - Euronext Amsterdam)
Competitive Landscape
Myers Industries holds a strong position in the North American market for plastic material handling and waste management solutions. Its key advantage lies in its established brands and broad product offering. However, it faces intense competition from both large, diversified companies and smaller, specialized manufacturers. Price competition and innovation in material science and design are critical factors. Its focus on durability and reusability provides an edge in the growing sustainability-focused market.
Major Acquisitions
Firth Industries
- Year: 2021
- Acquisition Price (USD millions): 140
- Strategic Rationale: Acquired to expand its presence in the recycling and waste management market, specifically in pipe and containment solutions, and to diversify its product portfolio within the Polymer segment.
Growth Trajectory and Initiatives
Historical Growth: Myers Industries has experienced growth through organic expansion of its existing businesses and strategic acquisitions over its history. The divestment of Berry Plastics allowed for a sharper focus on its core strengths in material handling and recycling solutions, leading to renewed growth in these segments. Recent years have seen efforts to optimize its product portfolio and enhance operational efficiencies.
Future Projections: Analyst projections for Myers Industries generally anticipate continued growth, driven by increasing demand in its key markets, particularly e-commerce logistics and sustainable waste management. The company is expected to focus on expanding its market share in North America and exploring opportunities in international markets. Investments in new product development and technological advancements are also likely to contribute to future growth.
Recent Initiatives: Focus on operational excellence and cost management.,Investment in new product development for material handling solutions.,Expansion of sustainable product offerings.,Strategic review of market opportunities and potential acquisitions.
Summary
Myers Industries Inc. demonstrates a strong market position in material handling and waste management, driven by established brands and a diverse product line. Its focus on durable, reusable plastic solutions aligns well with current market trends towards efficiency and sustainability. While facing competition and raw material cost volatility, the company's strategic initiatives and potential for growth in e-commerce and environmental sectors offer a positive outlook. Continued investment in innovation and operational excellence will be key to sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations website (Myers Industries Inc.)
- Annual Reports (10-K filings)
- Quarterly Reports (10-Q filings)
- Financial news and analysis websites (e.g., Yahoo Finance, Bloomberg, Seeking Alpha)
- Industry market research reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Market share data and financial figures are approximate and subject to change. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Myers Industries Inc
Exchange NYSE | Headquaters Akron, OH, United States | ||
IPO Launch date 1987-09-08 | President, CEO & Director Mr. Aaron M. Schapper | ||
Sector Consumer Cyclical | Industry Packaging & Containers | Full time employees 2700 | Website https://www.myersindustries.com |
Full time employees 2700 | Website https://www.myersindustries.com | ||
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.
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