Myers Industries (MYE) Reports In-Line Q3 EPS

Myers Industries (NYSE: MYE) reported Q3 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $135.2 million versus the consensus estimate of $135.69 million.

Outlook:

For fiscal year 2018, the Company anticipates that total revenue will be flat to up low-single-digits on a constant currency basis compared to the prior year. The Company expects capital expenditures to be in the range of $6 million to $8 million. Net interest expense is forecasted to be between $4 million and $6 million. Depreciation and amortization is forecasted to be approximately $26 million. The Tax Cuts and Jobs Act will benefit the Company through a decrease in its effective tax rate, which is expected to be approximately 25% compared to approximately 36% in 2017.

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

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