Myers Industries (MYE) Reports In-Line Q2 EPS, misses on revenue, provides outlook

Myers Industries (NYSE: MYE) reported Q2 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $208.5 million versus the consensus estimate of $222.86 million.
023 Outlook

Based on current exchange rates, market outlook, and business forecast, the Company revised its outlook for fiscal 2023, and currently forecasts:

Net sales decline in the mid single digit range
Net income per diluted share in the range of $1.41 to $1.73
Maintain adjusted earnings per diluted share range of $1.55 to $1.85
Capital expenditures to be in the range of $25 to $30 million
Effective tax rate to approximate 25%

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

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