Myers Industries (NYSE: MYE) reported Q3 EPS of $0.30, $0.16 better than the analyst estimate of $0.14. Revenue for the quarter came in at $132.26 million versus the consensus estimate of $119.9 million.

Third Quarter 2020 Financial Highlights

• GAAP income per diluted share from continuing operations was $0.24, compared with $0.15 for the third quarter of 2019
• Adjusted income per diluted share from continuing operations was $0.30, compared with $0.15 for the third quarter of 2019
• Net sales were $132.3 million, up 5.4% compared with $125.5 million for the third quarter of 2019
• Gross margin increased to 35.6%, compared with 31.5% for the third quarter of 2019
• Cash flow from continuing operations was $19.5 million and free cash flow was $16.2 million, compared with $23.3 million and $22.1 million, respectively, for the third quarter of 2019

“We are very pleased with our performance for the third quarter, which exceeded our expectations and was an improvement over last year. We successfully capitalized on the strong demand in our consumer end market, which was driven in part by an active hurricane season,” said Mike McGaugh, President and Chief Executive Officer of Myers Industries. “Additionally, as a result of continued momentum in our auto aftermarket end market, our Distribution Segment increased sales by 10%, increased adjusted operating income by 41%, and delivered an adjusted EBITDA margin of 12.4%.”

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