Earnings release
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NEWS RELEASE Myers Industries Announces Third Quarter 2025 Results 2025-10-30 Higher Year-Over-Year Gross Pro t Driven by Signature and Scepter Revenue Growth Signi cant Free Cash Flow Improvement Year-Over-Year KeyBanc Selected as Partner to Sell Myers Tire Supply AKRON, Ohio--(BUSINESS WIRE)-- Myers Industries Inc. (NYSE: MYE), a leading manufacturer of products that protect the world from the ground up, today announced results for the third quarter ended September 30, 2025. Myers Industries President and CEO Aaron Schapper commented, “I am encouraged by the higher gross pro t and free cash ow this quarter, indicating Myers' ability to generate value from our core businesses and strengthen operations. We achieved growth in gross pro t due to favorable product mix. Infrastructure and Industrial growth was o set by continued softness in Vehicle and Automotive Aftermarket. Scepter's Industrial sales growth more than compensated for the lower weather-driven fuel container sales in the Consumer end market. We made signi cant improvements in free cash ow, generating $21.5 million during the quarter compared to $10.1 million in the third quarter of 2024. With the idling of two rotational molding production facilities, we have identi ed $19 million in structural cost reductions, and we remain on track to deliver annualized cost savings of $20 million, primarily in SG&A, by the end of 2025." Third Quarter 2025 Financial Summary 1
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Quarter Ended September 30, (Dollars in thousands, except per share data)2025 2024 % Inc (Dec) Net sales $ 205,435$ 205,067 0.2%Gross pro t $ 68,570$ 65,130 5.3%Gross margin 33.4% 31.8%Operating income (loss) $ 17,689$ (4,764) NMNet income (loss) $ 7,088$ (10,878) NMNet income (loss) per diluted share$ 0.19$ (0.29) NMAdjusted operating income $ 20,907$ 20,539 1.8%Adjusted net income $ 9,924$ 9,212 7.7%Adjusted earnings per diluted share$ 0.26$ 0.25 4.0%Adjusted EBITDA $ 30,595$ 30,735 (0.5)% Net sales: Increased due to higher demand in the Infrastructure and Industrial end markets, particularly military products. This was o set by lower demand in the Automotive Aftermarket, Consumer and Vehicle end markets. Gross pro t and Operating income: Increased due to higher volume, favorable mix, favorable cost productivity and lower material cost. Third Quarter 2025 Segment Results (Dollar amounts in the segment tables below are reported in millions) Material Handling Net SalesOp IncomeOp Income MarginAdj EBITDAAdj EBITDA Margin Q3 2025 Results $153.5 $26.6 17.3% $36.8 24.0%Q3 2024 Results $150.7 $0.9 0.6% $33.5 22.2%$ Increase (decrease) vs prior year$2.8 $25.7 $3.4% Increase (decrease) vs prior year1.9% NM +1,670 bps10.0% +180 bpsItems in this table may not recalculate due torounding Operating income: Increased primarily due to a $22 million non-cash charge for goodwill impairment taken in the third quarter of 2024. Excluding this item, operating income would have improved by $3.7 million. Adjusted EBITDA: Increased due to higher volume and favorable material costs, partially o set by lower pricing. Distribution 2
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Net SalesOp IncomeOp Income MarginAdj EBITDAAdj EBITDA Margin Q3 2025 Results $52.0 $0.8 1.6% $1.6 3.2%Q3 2024 Results $54.4 $2.1 3.9% $3.2 5.8%$ Increase (decrease) vs prior year($2.4) ($1.3) ($1.5)% Increase (decrease) vs prior year(4.4)% (60.6)%-230 bps(48.2)%-260 bpsItems in this table may not recalculate due torounding Operating income and Adjusted EBITDA: Decreased due to lower volume, partially o set by favorable SG&A. Balance Sheet & Cash Flow Total liquidity of $292.7 million, including $244.7 million of availability under the revolving credit facility and $48.0 million in cash on hand. Cash ow from operations was $25.8 million. Free cash ow was $21.5 million, up $11.4 million versus prior year, due to improvements in working capital. Capital expenditures were $4.2 million. Total debt was reduced by $10.0 million with a net leverage ratio of 2.6x. Repurchased $0.5 million shares in the third quarter with $8.0 million remaining under the 2025 Share Repurchase Program. Sale Process Initiated for Myers Tire Supply Business As a result of the Strategic Review announced in the second quarter of this year, the Company has now initiated a sale process to divest the business. The company has partnered with KeyBanc to act as nancial advisor for this process. 2025 End Market Outlook The following table presents the Company’s current 2025 outlook for each of its end markets. The 2025 outlook is updated from the outlook provided on July 31, 2025. End Markets (TTM Sales as of September 30, 2025)2025 Outlook Industrial (30% of sales) Akro-Mils®, Buckhorn® & Jamco® containers, organizational bins, totes, carts andcabinets; Scepter® military ammunition containers; OEM parts for general industrialequipment Moderate growth Infrastructure (14% of sales) Signature Systems™ ground protection matting for construction, industrial sites, andevent 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, a ected by absence of U.S. landed storms Food & Beverage (8% of sales) Buckhorn® seed boxes, intermediate bulk containers, and Tu Series bulk containers foragricultural and chemical customers Stable f f 3
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Automotive Aftermarket Distribution (25% of sales) Distribution sales to tire service aftermarket Down Conference Call Details The Company will host an earnings conference call and webcast for investors and analysts on Thursday, October 30, 2025, at 8:30 a.m. ET. The call is anticipated to last less than one hour and may be accessed using the following online participation registration link: https://www.netroadshow.com/events/login/LE9zwo4BXUEngAbx5H8AnNUHwe2NmdCRXTY. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast or a replay, visit the Company's website www.myersindustries.com and click on the Investor Relations tab. An archived replay of the call will also be available on the site shortly after the event. To listen to the telephone replay, callers should dial: (U.S. Local) 1-929-458-6194 or (U.S. Toll-Free) 1-866-813-9403 and use access code 135145. Use of Non-GAAP Financial Measures The Company uses certain non-GAAP measures in this release. Adjusted gross pro t, adjusted gross margin, 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 ow are non-GAAP nancial 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 nancial measures to the most directly comparable GAAP measures is available in this news release. About Myers Industries Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal products that protect the world from the ground up for Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket end markets. Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, we have established ourselves as a leading diversi ed industrial company. We provide critical solutions to our customers, delivering exceptional value. Visit www.myersindustries.com to learn more. Caution on Forward-Looking Statements 4
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Statements in this release include “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 nancial outlook, future plans, objectives, business prospects and anticipated nancial performance. Forward-looking statements can be identi ed 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 di cult to predict and many of which are outside of our control. The Company’s actual actions, results, and nancial condition may di er materially from what is expressed or implied by the forward-looking statements. Speci c factors that could cause such a di erence on our business, nancial 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 bene ts 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 nancial conditions in the United States and around the world, including the impacts of U.S. and foreign tari policies; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations a ecting 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 lings 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 a ect our operating results, readers should not rely on forward- looking statements, assume that past nancial 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. M-INV 5
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MYERS INDUSTRIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)(Dollars in thousands, except share and per share data)Quarter EndedNine Months Ended September 30,2025September 30,2024September 30,2025September 30,2024Net sales $ 205,435$ 205,067$ 621,768$ 632,405Cost of sales 136,865 139,937 413,458 427,489 Gross pro t 68,570 65,130 208,310 204,916Selling, general and administrative expenses44,426 38,486 132,551 129,747Depreciation and amortization4,318 4,868 13,225 13,615Freight out 2,512 4,332 8,117 9,442(Gain) loss on disposal of xed assets(375) 192 99 253Impairment charges — 22,016 — 22,016 Operating income (loss)17,689 (4,764) 54,318 29,843Interest expense, net 7,497 8,091 22,247 23,176 Income (loss) before income taxes10,192 (12,855) 32,071 6,667Income tax expense (bene t)3,104 (1,977) 8,473 3,763 Net income (loss)$ 7,088$ (10,878) $ 23,598$ 2,904 Net income (loss) per common share: Basic $ 0.19$ (0.29) $ 0.63$ 0.08Diluted $ 0.19$ (0.29) $ 0.63$ 0.08 Weighted average common sharesoutstanding: Basic 37,393,62037,220,45637,361,22837,102,761Diluted 37,582,06237,220,45637,504,16437,250,512 MYERS INDUSTRIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)(Dollars in thousands)September 30,2025 December 31,2024AssetsCurrent Assets Cash $ 47,965$ 32,222Trade accounts receivable, net 123,271 109,372Other accounts receivable, net 6,138 12,654Inventories, net 99,633 97,001Other current assets 9,787 8,058 Total Current Assets 286,794 259,307Property, plant, & equipment, net 131,484 137,564Right of use asset - operating leases 26,429 30,561Goodwill and intangible assets, net 410,877 421,853Deferred income taxes 205 205Other assets 8,282 11,325 Total Assets $ 864,071$ 860,815 Liabilities & Shareholders' EquityCurrent Liabilities Accounts payable $ 81,569$ 71,049Accrued expenses 53,312 49,196Operating lease liability - short-term 6,699 6,597Finance lease liability - short-term 639 621Long-term debt - current portion 29,528 19,649 Total Current Liabilities 171,747 147,112Long-term debt 331,698 355,310Operating lease liability - long-term 19,701 23,700Finance lease liability - long-term 7,512 7,994Other liabilities 15,048 15,303Deferred income taxes 31,742 33,884 Total Shareholders' Equity 286,623 277,512 Total Liabilities & Shareholders' Equity$ 864,071$ 860,815 6
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MYERS INDUSTRIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(Dollars in thousands) Quarter Ended September 30,Nine Months Ended September 30, 2025 2024 2025 2024 Cash Flows From Operating Activities Net income (loss) $ 7,088$ (10,878) $ 23,598$ 2,904Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activitiesDepreciation and amortization9,688 10,196 29,652 28,760Amortization of deferred nancing costs541 543 1,621 1,318Amortization of acquisition-related inventory step-up — — — 4,457Non-cash stock-based compensation expense950 190 2,700 737(Gain) loss on disposal of xed assets(375) 192 99 253Impairment charges — 22,016 — 22,016Other (162) 386 (2,831) 550Cash ows provided by (used for) working capitalAccounts receivable - trade and other, net(9,570) 7,434 (2,127) 15,646Inventories 2,154 574 (2,296) (1,385)Prepaid expenses and other current assets3,601 2,975 (1,723) (1,668) Accounts payable and accrued expenses11,843 (16,301) 15,507 (21,644) Net cash provided by (used for) operatingactivities 25,758 17,327 64,200 51,944 Cash Flows From Investing Activities Capital expenditures (4,245) (7,178) (15,935) (17,302)Acquisition of business, net of cash acquired— — — (348,312) Proceeds from sale of property, plant, and equipment500 28 661 112 Net cash provided by (used for) investingactivities (3,745) (7,150) (15,274) (365,502) Cash Flows From Financing Activities Net borrowings (repayments) from revolving creditfacility (5,000) (8,000) — (15,000)Proceeds from Term Loan A— — — 400,000Repayments of Term Loan A(5,000) (5,000) (15,000) (10,000)Repayments of senior unsecured notes— — — (38,000)Payments on nance lease(155) (150) (464) (442)Cash dividends paid (5,056) (5,025) (15,439) (15,392)Proceeds from issuance of common stock293 295 866 3,053Shares withheld for employee taxes on equity awards(44) (53) (929) (2,027)Repurchase of common stock(506) — (2,021) — Deferred nancing fees — — — (9,172) Net cash provided by (used for) nancingactivities (15,468) (17,933) (32,987) 313,020 Foreign exchange rate e ect on cash130 121 (196) (42) Net increase (decrease) in cash6,675 (7,635) 15,743 (580) Beginning Cash 41,290 37,345 32,222 30,290 Ending Cash $ 47,965$ 29,710$ 47,965$ 29,710 MYERS INDUSTRIES, INC.RECONCILIATION OF NON-GAAP FINANCIAL MEASURESGROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)(Dollars in thousands)Quarter Ended September 30, 2025 Material HandlingDistributionSegment TotalCorporate & Other Total Net sales $ 153,540$ 51,967$ 205,507$ (72) $ 205,435Net income (loss) 7,088Net income margin 3.5%Gross pro t 68,570Add: Restructuring expenses andother adjustments 1,102 Adjusted gross pro t 69,672Gross margin as adjusted 33.9%O i i (l ) 26573 840 27413 (9724) 17689 7
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Operating income (loss)26,573 840 27,413 (9,724) 17,689Operating income margin17.3% 1.6% 13.3% n/a 8.6%Add: Restructuring expenses andother adjustments 1,472 71 1,543 1,675 3,218 Adjusted operating income (loss)(1) 28,045 911 28,956 (8,049) 20,907Adjusted operating income margin18.3% 1.8% 14.1% n/a 10.2% Add: Depreciation and amortization8,769 732 9,501 187 9,688 Adjusted EBITDA$ 36,814$ 1,643$ 38,457$ (7,862) $ 30,595Adjusted EBITDA margin24.0% 3.2% 18.7% n/a 14.9%(1) Includes gross pro t adjustments of $1,102 and SG&A adjustments of $2,116 Quarter Ended September 30, 2024 Material HandlingDistributionSegment TotalCorporate & Other Total Net sales $ 150,718$ 54,384$ 205,102$ (35) $ 205,067Net income (loss) (10,878)Net income margin -5.3%Gross pro t 65,130Add: Restructuring expenses andother adjustments 1,211 Adjusted gross pro t 66,341Gross margin as adjusted 32.4%Operating income (loss)886 2,131 3,017 (7,781) (4,764)Operating income margin0.6% 3.9% 1.5% n/a -2.3%Add: Executive severance costs— — — 1,405 1,405Add: Restructuring expenses andother adjustments 1,396 220 1,616 417 2,033Add: Acquisition and integrationcosts — — — 349 349Add: Impairment charges22,016 — 22,016 — 22,016 Less: Environmental reserves, net(2) — — — (500) (500) Adjusted operating income (loss)(1) 24,298 2,351 26,649 (6,110) 20,539Adjusted operating income margin16.1% 4.3% 13.0% n/a 10.0% Add: Depreciation and amortization9,158 823 9,981 215 10,196 Adjusted EBITDA$ 33,456$ 3,174$ 36,630$ (5,895) $ 30,735Adjusted EBITDA margin22.2% 5.8% 17.9% n/a 15.0%(1) Includes gross pro t 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 MYERS INDUSTRIES, INC.RECONCILIATION OF NON-GAAP FINANCIAL MEASURESGROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)(Dollars in thousands)Nine Months Ended September 30, 2025 Material HandlingDistributionSegment TotalCorporate & Other Total Net sales $ 469,839$ 152,202$ 622,041$ (273) $ 621,768Net income (loss) 23,598Net income margin 3.8%Gross pro t 208,310Add: Restructuring expenses andother adjustments 1,598 Adjusted gross pro t 209,908Gross margin as adjusted 33.8%Operating income (loss)83,426 (878) 82,548 (28,230) 54,318Operating income margin17.8% -0.6% 13.3% n/a 8.7%Add: Restructuring expenses andother adjustments 2,631 3,051 5,682 3,981 9,663Add: Pension termination1,585 — 1,585 — 1,585Less: Recovery of purchased creditdeteriorated assets(3,175) — (3,175) — (3,175) Adjusted operating income (loss)(1) 84,467 2,173 86,640 (24,249) 62,391Adjusted operating income margin18.0% 1.4% 13.9% n/a 10.0% Add: Depreciation and amortization26,644 2,368 29,012 640 29,652 Adjusted EBITDA$ 111,111$ 4,541$ 115,652$ (23,609) $ 92,043Adjusted EBITDA margin23.6% 3.0% 18.6% n/a 14.8%(1) Includes gross pro t adjustments of $1,598 and SG&A adjustments of $6,475 Nine Months Ended September 30, 2024 Material HandlingDistributionSegment TotalCorporate & Other Total Net sales $ 468,951$ 163,543$ 632,494$ (89) $ 632,405Net income (loss) 2,904Net income margin 0.5%G 204916 8
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Gross pro t 204,916Add: Restructuring expenses andother adjustments 4,163Add: Acquisition-related inventorystep-up 4,457 Adjusted gross pro t 213,536Gross margin as adjusted 33.8%Operating income (loss)51,843 4,915 56,758 (26,915) 29,843Operating income margin11.1% 3.0% 9.0% n/a 4.7%Add: Executive severance costs— — — 1,405 1,405Add: Restructuring expenses andother adjustments 3,860 975 4,835 417 5,252Add: Acquisition and integrationcosts 305 — 305 4,132 4,437Add: Acquisition-related inventorystep-up 4,457 — 4,457 — 4,457Add: Impairment charges22,016 — 22,016 — 22,016Less: Insurance recovery of legalfees (702) — (702) — (702) Less: Environmental reserves, net(2) — — — (700) (700) Adjusted operating income (loss)(1) 81,779 5,890 87,669 (21,661) 66,008Adjusted operating income margin17.4% 3.6% 13.9% n/a 10.4%Add: Depreciation and amortization25,706 2,426 28,132 628 28,760 Adjusted EBITDA$ 107,485$ 8,316$ 115,801$ (21,033) $ 94,768Adjusted EBITDA margin22.9% 5.1% 18.3% n/a 15.0%(1) Includes gross pro t 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 $1,700 MYERS INDUSTRIES, INC.RECONCILIATION OF NON-GAAP FINANCIAL MEASURESADJUSTED OPERATING INCOME, ADJUSTED EBITDA AND FREE CASH FLOW (UNAUDITED)(Dollars in thousands) Quarter Ended September 30,Nine Months Ended September30, 2025 2024 2025 2024 Adjusted operating income (loss)reconciliation: Operating income (loss)$ 17,689$ (4,764) $ 54,318$ 29,843Restructuring expenses and other adjustments3,218 2,033 9,663 5,252Pension termination — — 1,585 —Acquisition and integration costs— 349 — 4,437Acquisition-related inventory step-up— — — 4,457Recovery of purchased credit deteriorated assets— — (3,175) —Impairment charges — 22,016 — 22,016Insurance recovery of legal fees— — — (702)Executive severance costs — 1,405 — 1,405Environmental 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$ 2,904Income tax expense (bene t)3,104 (1,977) 8,473 3,763Interest expense, net 7,497 8,091 22,247 23,176 Operating income (loss) 17,689 (4,764) 54,318 29,843Depreciation and amortization9,688 10,196 29,652 28,760Restructuring expenses and other adjustments3,218 2,033 9,663 5,252Pension termination — — 1,585 —Acquisition and integration costs— 349 — 4,437Acquisition-related inventory step-up— — — 4,457Recovery of purchased credit deteriorated assets— — (3,175) —Impairment charges — 22,016 — 22,016Insurance recovery of legal fees— — — (702)Executive severance costs — 1,405 — 1,405Environmental reserves, net— (500) — (700) Adjusted EBITDA $ 30,595$ 30,735$ 92,043$ 94,768 Free cash ow reconciliation: Net cash provided by (used for) operating activities$ 25,758$ 17,327$ 64,200$ 51,944Capital expenditures (4,245) (7,178) (15,935) (17,302) Free cash ow $ 21,513$ 10,149$ 48,265$ 34,642 9
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MYERS INDUSTRIES, INC.RECONCILIATION OF NON-GAAP FINANCIAL MEASURESADJUSTED NET INCOME AND ADJUSTED EARNINGS PER DILUTED SHARE (UNAUDITED)(Dollars in thousands, except per share data) Quarter Ended September 30,Nine Months Ended September30, 2025 2024 2025 2024 Adjusted net income (loss) reconciliation: Net income (loss) $ 7,088$ (10,878) $ 23,598$ 2,904Income tax expense (bene t)3,104 (1,977) 8,473 3,763 Income (loss) before income taxes10,192 (12,855) 32,071 6,667Restructuring expenses and other adjustments3,218 2,033 9,663 5,252Pension termination — — 1,585 —Acquisition and integration costs— 349 — 4,437Acquisition-related inventory step-up— — — 4,457Recovery of purchased credit deteriorated assets— — (3,175) —Impairment charges — 22,016 — 22,016Insurance recovery of legal fees— — — (702)Executive severance costs — 1,405 — 1,405Environmental reserves, net— (500) — (700) Adjusted income (loss) before income taxes13,410 12,448 40,144 42,832Income 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 sharereconciliation: Net income (loss) per common diluted share$ 0.19$ (0.29) $ 0.63$ 0.08Restructuring expenses and other adjustments0.09 0.05 0.26 0.14Pension termination — — 0.04 —Acquisition and integration costs— 0.01 — 0.12Acquisition-related inventory step-up— — — 0.12Recovery of purchased credit deteriorated assets— — (0.08) —Impairment charges — 0.59 — 0.59Insurance recovery of legal fees— — — (0.02)Executive severance costs — 0.04 — 0.04Environmental reserves, net— (0.01) — (0.02)Adjusted e ective 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 e ective 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. Meghan Beringer, Senior Director Investor Relations, 252-536-5651 Source: Myers Industries, Inc. 10