Myers Industries (MYE) Tops Q4 EPS by 2c, Offers Guidance

Myers Industries (NYSE: MYE) reported Q4 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $199.6 million versus the consensus estimate of $189.03 million.

GUIDANCE:

Myers Industries sees FY2022 EPS of $1.20-$1.40.

• Net sales growth in the high single digit to low double digit range, with approximately one quarter of the increase due to the acquisition of Trilogy Plastics
• Diluted EPS in the range of $1.18 to $1.38; adjusted diluted EPS in the range of $1.20 to $1.40
• Capital expenditures to be in the range of $25 to $28 million
• Effective tax rate to approximate 26%

For earnings history and earnings-related data on Myers Industries (MYE) click here.

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