Myers Industries, Inc. (MYE) Misses Q3 EPS by 3c, Comments on Q4
Myers Industries, Inc. (NYSE: MYE) reported Q3 EPS of $0.17, $0.03 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $197.3 million versus the consensus estimate of $204.2 million.
Comments:
The Company anticipates that despite a relatively weak industrial market, fourth quarter results will benefit from some shifting of Material Handling orders from earlier this year to the fourth quarter, and from continued strengthening in Lawn & Garden compared with last year. However, the decline in the replacement tire industry and the return of transplant automotive from elevated demand trends to more normal demand trends may offset some of those benefits. The Company expects that both fourth quarter and full year performance will reflect improved results compared to 2011.
For earnings history and earnings-related data on Myers Industries, Inc. (MYE) click here.
Comments:
The Company anticipates that despite a relatively weak industrial market, fourth quarter results will benefit from some shifting of Material Handling orders from earlier this year to the fourth quarter, and from continued strengthening in Lawn & Garden compared with last year. However, the decline in the replacement tire industry and the return of transplant automotive from elevated demand trends to more normal demand trends may offset some of those benefits. The Company expects that both fourth quarter and full year performance will reflect improved results compared to 2011.
For earnings history and earnings-related data on Myers Industries, Inc. (MYE) click here.