Slides
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® ® Protecting the World from the Ground Up Q3 2025 Results October 30, 2025
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® Today’s Speakers 2 Meghan Beringer Sr. Director, Investor Relations Aaron Schapper President and Chief Executive Officer Sam Rutty Executive Vice President and Chief Financial Officer
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® Safe Harbor Statement & Non-GAAP Measures Statements in this presentation contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. Forward-looking statements can be identified by words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” or variations of these words, or similar expressions. These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, these statements inherently involve a wide range of uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. The Company’s actual actions, results, and financial condition may differ materially from what is expressed or implied by the forward-looking statements. Specific factors that could cause such a difference on our business, financial position, results of operations and/or liquidity include, without limitation, raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world, including the impacts of U.S. and foreign tariff policies; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events; our ability to successfully execute our announced intended divestiture of the Myers Tire Supply business; and other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including without limitation, the risk factors disclosed in Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Given these factors, as well as other variables that may affect our operating results, readers should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company expressly disclaims any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them. The Company uses certain non-GAAP measures in this presentation. Adjusted operating income (loss), adjusted operating income margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA margin, adjusted net income, adjusted earnings per diluted share (adjusted EPS), and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release. 3
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® CEO Opening Comments Aaron Schapper President and Chief Executive Officer
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® Q3 Summary 5 Net Sales $205.4M +0.2% Gross Profit $68.6M +5.3% Adjusted Operating Income $20.9M +1.8% Adjusted Net Income $9.9M +7.7% Adjusted Diluted EPS $0.26 +4.0% ‘Focused Transformation’ Driving Culture of Performance All comparisons to Q3 2024 unless otherwise noted Infrastructure and Industrial growth partially offset by soft demand in Vehicle, Consumer, and Automotive Aftermarket Higher profitability due to higher volume, favorable mix, favorable cost productivity and lower material cost Remain on track to deliver $20M targeted cost reductions, primarily in SG&A, by end of 2025 Strong free cash flow generation of $21.5M, up $11.4M from last year Making steady progress on ‘Focused Transformation’ with intent to sell Myers Tire Supply
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® Continued Progress on ‘Focused Transformation’ Establish a culture of execution and accountability to drive performance Emphasizing lean principles to drive clear, efficient processes New Core Values: Integrity; Customer Focus; Deliver Results; Continuous Improvement Aligned incentive plans to drive business unit performance and create accountability Create clear strategies to improve profitability of entire portfolio Actions to accelerate growth and expand margins; address and correct underperformance Decision to sell MTS to focus on businesses aligned with our mission Specific internal KPIs to elevate performance, track progress, and create accountability Developed a Strategic Plan for organic growth with a cross-functional group Deliver consistent and reliable results by effectively controlling what we can control Idled 2 of our 9 rotational molding facilities to improve utilization and reduce costs With clear line of sight to $19M, we are confident in path to $20M annualized cost savings by year-end 2025, primarily SG&A, optimizing organizational efficiency Launched a Strategic Deployment Tool Optimize cash flow to support disciplined capital allocation deployment Activated $10M share repurchase authorization with $2M repurchased YTD Targeting capex of 3% of sales as we focus on high-growth opportunities with superior returns Building Credibility Through Accountability, Transparency, and Performance 6
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® Financial Results Sam Rutty Executive Vice President and Chief Financial Officer Need photo for Dan
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® Q3 Financial Performance 8 ▪ Net sales slightly higher as Material Handling growth mostly offset by lingering Distribution softness ▪ Gross profit and operating income increased due to higher volume, favorable mix, favorable cost productivity and lower material cost (In $ millions except EPS) Q3 2025 Q3 2024 Change Net Sales $205.4 $205.1 +0.2% Adj. Gross Profit $69.7 $66.3 +5.0% Adj. Gross Margin 33.9% 32.4% +150 bps Adj. Op Income $20.9 $20.5 +1.8% Adj. Op Income Margin 10.2% 10.0% +20 bps Adj. EBITDA $30.6 $30.7 -0.5% Adj. EBITDA Margin 14.9% 15.0% -10 bps Diluted Adjusted EPS $0.26 $0.25 +4.0% See Appendix for non-GAAP reconciliations. End MarketSegment Material Handling 75% Distribution 25% Industrial 33% Infrastructure 13% Vehicle 11% Consumer 10% Food & Beverage 8% Automotive Aftermarket 25%
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® Q3 Segment Results 9 (In $ millions) Q3 2025 Q3 2024 Change Net Sales $153.5 $150.7 +1.9% Adj. Op Income $28.0 $24.3 +15.4% Adj. Op Income Margin 18.3% 16.1% +220 bps Adj. EBITDA $36.8 $33.5 +10.0% Adj. EBITDA Margin 24.0% 22.2% +180 bps Material Handling ▪ Net Sales increased with Infrastructure and Industrial growth, partially offset by soft demand in Vehicle and Consumer ▪ Military products and composite matting demand continued to be strong ▪ Consumer lower with decrease in storm-driven fuel container demand ▪ Adj. Operating Income and Adj. EBITDA increased due to higher volume and favorable material costs, partially offset by lower pricing Distribution (In $ millions) Q3 2025 Q3 2024 Change Net Sales $52.0 $54.4 -4.4% Adj. Op Income $0.9 $2.4 -61.3% Adj. Op Income Margin 1.8% 4.3% -250 bps Adj. EBITDA $1.6 $3.2 -48.2% Adj. EBITDA Margin 3.2% 5.8% -260 bps ▪ Net Sales decreased with lower volume ▪ Adj. EBITDA and Adj. Operating Income decreased due to lower volume partially offset by favorable SG&A See Appendix for non-GAAP reconciliations.
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® Balance Sheet and Cash Flow ▪ Generated free cash flow of $21.5M, more than doubled Y/Y in Q3; capex of $4.2M was down Y/Y ▪ Total debt reduced by $10M; net leverage lowered to 2.6x ▪ Cash balance of $48.0M at quarter-end; combined with $244.7M of availability under the revolver, provides ample liquidity of $292.7M to support capital allocation priorities 10 Net Debt ($M) and Net Leverage Ratio1 Cash Flow, Capex and FCF as % of Sales Working Capital as a % of TTM Sales $385.1 $355.7 $339.0 Q3 2024 Q2 2025 Q3 2025 $17.3 $7.2 $10.1 $25.8 $4.2 $21.5 Operating Cash Flow Capex Free Cash Flow Q3 2024 Q3 2025 4.9% 12.5% 2.1% 8.4% 10.5% 3.5% 13.3% 14.4% 13.4% 12.6% Q3 2024 Q2 2025 Q3 2025 Without Signature With Signature See Appendix for non-GAAP reconciliations. 1 As defined per the credit agreement, Myers Net Leverage Ratio is calculated as Total Debt, less certain cash divided by Compliance Adj. EBITDA per the credit agreement. 2.8x 2.6x2.7x
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® Leveraging Cashflow Generation Capital Allocation Priorities ▪ Reduced debt by $10M as we continue to focus on debt repayment to return to a net leverage ratio goal of 1.5x to 2.5x ▪ Dividends to continue with existing practice ▪ Maintain strong balance sheet with ample liquidity via cash on hand and revolving credit facility ▪ Capex spend to remain around 3% of revenue ▪ Repurchased $0.5M in shares ($2.0M YTD) as we invest in MYE with the $10M share buyback program ▪ Continue to evaluate strategic M&A opportunities focusing on building high-growth brandsMaintaining a Disciplined Capital Allocation Approach 11
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® Improving Performance Through ‘Focused Transformation’ Updating 2025 End Market Outlook Continue to see risks and opportunities for the business for both revenue and margin ▪ Tariffs having limited near-term impact with long-term macroeconomic impact uncertain ▪ Continue to monitor end market conditions for impacts from tariffs or other factors that may influence demand trends 12 End Markets and Key Product (TTM Sales as of September 30, 2025) 2025 Outlook Industrial (30% of Sales) Akro-Mils®, Buckhorn® & Jamco® containers, organizational bins, totes, carts and cabinets; Scepter® military ammunition containers; OEM parts for general industrial equipment Moderate growth Infrastructure (14% of Sales) Signature Systems ground protection composite matting for construction, industrial sites, and event venues Strong growth Vehicle (12% of Sales) RV, marine, and automotive components Down Consumer (11% of Sales) Scepter® fuel containers; outdoor furniture and equipment Down, affected by absence of U.S. landed storms Food & Beverage (8% of Sales) Buckhorn® seed boxes, intermediate bulk containers, and Tuff Series bulk containers for agricultural and chemical markets Stable Automotive Aftermarket Distribution (25% of Sales) Distribution sales to tire service aftermarket Down
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® CEO Summary Comments Aaron Schapper President and Chief Executive Officer
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® Appendix
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® Reconciliation of Non-GAAP Financial Measures 15 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) Quarter Ended September30, 2025 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 153,540 $ 51,967 $ 205,507 $ (72) $ 205,435 Net income (loss) 7,088 Net income margin 3.5% Gross profit 68,570 Add: Restructuring expenses and other adjustments 1,102 Adjusted gross profit 69,672 Gross margin as adjusted 33.9% Operating income (loss) 26,573 840 27,413 (9,724) 17,689 Operating income margin 17.3% 1.6% 13.3% n/a 8.6% Add: Restructuring expenses and other adjustments 1,472 71 1,543 1,675 3,218 Adjusted operating income (loss)(1) 28,045 911 28,956 (8,049) 20,907 Adjusted operating income margin 18.3% 1.8% 14.1% n/a 10.2% Add: Depreciation and amortization 8,769 732 9,501 187 9,688 Adjusted EBITDA $ 36,814 $ 1,643 $ 38,457 $ (7,862) $ 30,595 Adjusted EBITDA margin 24.0% 3.2% 18.7% n/a 14.9% (1) Includes gross profit adjustments of $1,102 and SG&A adjustments of $2,116
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® Reconciliation of Non-GAAP Financial Measures 16 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) Quarter Ended September30, 2024 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 150,718 $ 54,384 $ 205,102 $ (35) $ 205,067 Net income (loss) (10,878) Net income margin -5.3% Gross profit 65,130 Add: Restructuring expenses and other adjustments 1,211 Adjusted gross profit 66,341 Gross margin as adjusted 32.4% Operating income (loss) 886 2,131 3,017 (7,781) (4,764) Operating income margin 0.6% 3.9% 1.5% n/a -2.3% Add: Executive severance costs — — — 1,405 1,405 Add: Restructuring expenses and other adjustments 1,396 220 1,616 417 2,033 Add: Acquisition and integration costs — — — 349 349 Add: Impairment charges 22,016 — 22,016 — 22,016 Less: Environmental reserves, net(2) — — — (500) (500) Adjusted operating income (loss)(1) 24,298 2,351 26,649 (6,110) 20,539 Adjusted operating income margin 16.1% 4.3% 13.0% n/a 10.0% Add: Depreciation and amortization 9,158 823 9,981 215 10,196 Adjusted EBITDA $ 33,456 $ 3,174 $ 36,630 $ (5,895) $ 30,735 Adjusted EBITDA margin 22.2% 5.8% 17.9% n/a 15.0% (1) Includes gross profit adjustments of $1,211, impairment charges of $22,016 and SG&A adjustments of $2,076 (2) Includes environmental charges of $200 net of probable insurance recoveries of $700
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® Reconciliation of Non-GAAP Financial Measures 17 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) Nine Months Ended September30, 2025 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 469,839 $ 152,202 $ 622,041 $ (273) $ 621,768 Net income (loss) 23,598 Net income margin 3.8% Gross profit 208,310 Add: Restructuring expenses and other adjustments 1,598 Adjusted gross profit 209,908 Gross margin as adjusted 33.8% Operating income (loss) 83,426 (878) 82,548 (28,230) 54,318 Operating income margin 17.8% -0.6% 13.3% n/a 8.7% Add: Restructuring expenses and other adjustments 2,631 3,051 5,682 3,981 9,663 Add: Pension termination 1,585 — 1,585 — 1,585 Less: Recovery of purchased credit deteriorated assets (3,175) — (3,175) — (3,175) Adjusted operating income (loss)(1) 84,467 2,173 86,640 (24,249) 62,391 Adjusted operating income margin 18.0% 1.4% 13.9% n/a 10.0% Add: Depreciation and amortization 26,644 2,368 29,012 640 29,652 Adjusted EBITDA $ 111,111 $ 4,541 $ 115,652 $ (23,609) $ 92,043 Adjusted EBITDA margin 23.6% 3.0% 18.6% n/a 14.8% (1) Includes gross profit adjustments of $1,598 and SG&A adjustments of $6,475
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® Reconciliation of Non-GAAP Financial Measures 18 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED) (Dollars in thousands) Nine Months Ended September 30, 2024 Material Handling Distribution Segment Total Corporate & Other Total Net sales $ 468,951 $ 163,543 $ 632,494 $ (89) $ 632,405 Net income (loss) 2,904 Net income margin 0.5% Gross profit 204,916 Add: Restructuring expenses and other adjustments 4,163 Add: Acquisition-related inventory step-up 4,457 Adjusted gross profit 213,536 Gross margin as adjusted 33.8% Operating income (loss) 51,843 4,915 56,758 (26,915) 29,843 Operating income margin 11.1% 3.0% 9.0% n/a 4.7% Add: Executive severance costs — — — 1,405 1,405 Add: Restructuring expenses and other adjustments 3,860 975 4,835 417 5,252 Add: Acquisition and integration costs 305 — 305 4,132 4,437 Add: Acquisition-related inventory step-up 4,457 — 4,457 — 4,457 Add: Impairment charges 22,016 — 22,016 — 22,016 Less: Insurance recovery of legal fees (702) — (702) — (702) Less: Environmental reserves, net(2) — — — (700) (700) Adjusted operating income (loss)(1) 81,779 5,890 87,669 (21,661) 66,008 Adjusted operating income margin 17.4% 3.6% 13.9% n/a 10.4% Add: Depreciation and amortization 25,706 2,426 28,132 628 28,760 Adjusted EBITDA $ 107,485 $ 8,316 $ 115,801 $ (21,033) $ 94,768 Adjusted EBITDA margin 22.9% 5.1% 18.3% n/a 15.0% (1) Includes gross profit adjustments of $8,620, impairment charges of $22,016 and SG&A adjustments of $5,529 (2) Includes environmental charges of $1,000 net of probable insurance recoveries of $1,700
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® Reconciliation of Non-GAAP Financial Measures 19 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED OPERATING INCOME, ADJUSTED EBITDA AND FREE CASH FLOW (UNAUDITED) (Dollars in thousands) Quarter Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Adjusted operating income (loss) reconciliation: Operating income (loss) $ 17,689 $ (4,764) $ 54,318 $ 29,843 Restructuring expenses and other adjustments 3,218 2,033 9,663 5,252 Pension termination — — 1,585 — Acquisition and integration costs — 349 — 4,437 Acquisition-related inventory step-up — — — 4,457 Recovery of purchased credit deteriorated assets — — (3,175) — Impairment charges — 22,016 — 22,016 Insurance recovery of legal fees — — — (702) Executive severance costs — 1,405 — 1,405 Environmental reserves, net — (500) — (700) Adjusted operating income (loss) $ 20,907 $ 20,539 $ 62,391 $ 66,008 Adjusted EBITDA reconciliation: Net income (loss) $ 7,088 $ (10,878) $ 23,598 $ 2,904 Income tax expense (benefit) 3,104 (1,977) 8,473 3,763 Interest expense, net 7,497 8,091 22,247 23,176 Operating income (loss) 17,689 (4,764) 54,318 29,843 Depreciation and amortization 9,688 10,196 29,652 28,760 Restructuring expenses and other adjustments 3,218 2,033 9,663 5,252 Pension termination — — 1,585 — Acquisition and integration costs — 349 — 4,437 Acquisition-related inventory step-up — — — 4,457 Recovery of purchased credit deteriorated assets — — (3,175) — Impairment charges — 22,016 — 22,016 Insurance recovery of legal fees — — — (702) Executive severance costs — 1,405 — 1,405 Environmental reserves, net — (500) — (700) Adjusted EBITDA $ 30,595 $ 30,735 $ 92,043 $ 94,768 Free cash flow reconciliation: Net cash provided by (used for) operating activities $ 25,758 $ 17,327 $ 64,200 $ 51,944 Capital expenditures (4,245) (7,178) (15,935) (17,302) Free cash flow $ 21,513 $ 10,149 $ 48,265 $ 34,642
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® Reconciliation of Non-GAAP Financial Measures 20 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER DILUTED SHARE (UNAUDITED) (Dollars in thousands, except per share data) Quarter Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Adjusted net income (loss) reconciliation: Net income (loss) $ 7,088 $ (10,878) $ 23,598 $ 2,904 Income tax expense (benefit) 3,104 (1,977) 8,473 3,763 Income (loss) before income taxes 10,192 (12,855) 32,071 6,667 Restructuring expenses and other adjustments 3,218 2,033 9,663 5,252 Pension termination — — 1,585 — Acquisition and integration costs — 349 — 4,437 Acquisition-related inventory step-up — — — 4,457 Recovery of purchased credit deteriorated assets — — (3,175) — Impairment charges — 22,016 — 22,016 Insurance recovery of legal fees — — — (702) Executive severance costs — 1,405 — 1,405 Environmental reserves, net — (500) — (700) Adjusted income (loss) before income taxes 13,410 12,448 40,144 42,832 Income tax expense, as adjusted (1) (3,486) (3,236) (10,437) (11,136) Adjusted net income (loss) $ 9,924 $ 9,212 $ 29,707 $ 31,696 Adjusted earnings per diluted share reconciliation: Net income (loss) per common diluted share $ 0.19 $ (0.29) $ 0.63 $ 0.08 Restructuring expenses and other adjustments 0.09 0.05 0.26 0.14 Pension termination — — 0.04 — Acquisition and integration costs — 0.01 — 0.12 Acquisition-related inventory step-up — — — 0.12 Recovery of purchased credit deteriorated assets — — (0.08) — Impairment charges — 0.59 — 0.59 Insurance recovery of legal fees — — — (0.02) Executive severance costs — 0.04 — 0.04 Environmental reserves, net — (0.01) — (0.02) Adjusted effective income tax rate impact (0.01) (0.14) (0.05) (0.20) Adjusted earnings per diluted share(2) $ 0.26 $ 0.25 $ 0.79 $ 0.85 Items in this table may not recalculate due to rounding (1) Income taxes are calculated using the normalized effective tax rate for each year. The rate used in 2025 is 26% and in 2024 is 26%. (2) Adjusted earnings per diluted share is calculated using the weighted average common shares outstanding for the respective period.
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® Reconciliation of Non-GAAP Financial Measures 21 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES WORKING CAPITAL (UNAUDITED) (Dollars in thousands) Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Net sales $ 191,077 $ 207,102 $ 220,236 $ 205,067 $ 203,876 $ 206,750 $ 209,583 $ 205,435 TTM net sales $ 823,482 $ 836,281 $ 835,929 $ 825,276 $ 825,644 Working capital: Add: Accounts receivable, net $ 131,218 $ 122,026 $ 142,510 $ 119,408 $ 129,409 Add: Inventories 105,103 97,001 103,785 101,969 99,633 Add: Prepaid expenses and other current assets 9,215 8,058 7,543 13,395 9,787 Less: Accounts payable (79,279) (71,049) (84,890) (75,335) (81,569) Less: Accrued expenses (47,392) (49,196) (50,697) (48,790) (53,312) Total working capital $ 118,865 $ 106,840 $ 118,251 $ 110,647 $ 103,948 Working capital as a % of TTM net sales 14.4% 12.8% 14.1% 13.4% 12.6% Note: Signature was acquired in February 2024
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® Meghan Beringer Senior Director Investor Relations Myers Industries, Inc. | 1293 S. Main Street, Akron, Ohio 44301 Tel: (252) 536-5641 | Email: mberinger@myersind.com www.myersind.com