Myers Industries Reports 2021 First Quarter Results

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Go back to Myers Industries Reports 2021 First Quarter Results

Myers Industries (MYE) Tops Q1 EPS by 3c, Revenues Beat; Offers FY21 EPS Mid-Point Guidance Above Consensus

May 6, 2021 7:41 AM EDT

Myers Industries (NYSE: MYE) reported Q1 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $174.4 million versus the consensus estimate of $160.6 million.

First Quarter 2021 Financial Highlights

Net sales increased $52.2 million, or 42.7% to $174.4 million, including $27.1 million, or 22.2% from the Elkhart Plastics acquisition, compared with $122.3 million for the first quarter of 2020Net income per diluted share was $0.20, compared with $0.47 for the first quarter of 2020, which included $0.24 from the sale of notes and release of lease guarantee liability related to the Companys Lawn and Garden business sold... More