Myers Industries (MYE) Tops Q1 EPS by 2c

Myers Industries (NYSE: MYE) reported Q1 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $141.7 million versus the consensus estimate of $143.6 million.

• Net sales decreased 6.3% (or 7.2% excluding currency fluctuation) compared to the first quarter of 2016
• Gross profit margin of 29.6% compared to 31.9% in the first quarter of 2016
• GAAP net income per diluted share from continuing operations of $0.10, compared to $(0.11) in the first quarter of 2016
• Adjusted net income per diluted share from continuing operations of $0.13, compared to $0.21 in the first quarter of 2016
• Generated cash from continuing operations of $13.1 million and free cash flow of $12.6 million

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

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