Myers Industries Reports 2019 First Quarter Results

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Go back to Myers Industries Reports 2019 First Quarter Results

Myers Industries (MYE) Tops Q1 EPS by 4c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Above Consensus

May 8, 2019 6:38 AM EDT

Myers Industries (NYSE: MYE) reported Q1 EPS of $0.23, $0.04 better than the analyst estimate of $0.19. Revenue for the quarter came in at $139.12 million versus the consensus estimate of $146.9 million.

First Quarter 2019 Business Highlights

GAAP income per diluted share from continuing operations was $0.19, compared to $0.25 for the first quarter of 2018Adjusted income per diluted share from continuing operations was $0.23, compared to $0.24 for the first quarter of 2018Net sales decreased 8.8% compared to the first quarter of 2018Gross margin expanded 180 basis points to 32.7%Generated cash from continuing operations of $5.3 million and... More