Monitor next quarter for sustained margin expansion and debt reduction. The 1.9x net leverage ratio provides headroom for M&A or increased shareholder returns. The improved credit agreement structure reduces refinancing risk and interest costs.
Price Chart
Executive Summary
Myers Industries reported Q2 2026 GAAP diluted EPS from continuing operations of $0.50, beating consensus of $0.36 by 38.9%, with revenue of $179.2M (+9.8% YoY) beating the $166.0M estimate. The company also amended its credit agreement, refinancing existing term loans with a new $250M term loan and extending the revolver maturity to 2031, while reducing the net leverage covenant to 3.50x and lowering borrowing margins. The strong earnings beat across all metrics and the credit improvement signal continued execution of the Focused Transformation initiative.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP EPS $0.50 vs consensus $0.36 (beat 38.9%)
- Revenue $179.2M vs consensus $166.0M (beat 7.9%, +9.8% YoY)
- Operating income margin expanded 520 bps to 17.4%; Adjusted EBITDA margin 21.8% (+350 bps YoY)
- Free cash flow $26.5M, up 10.5% sequentially
- Net leverage ratio improved to 1.9x from 2.2x in Q1 2026
- New $250M term loan and $250M revolver both maturing in 2031, replacing 2027/2029 facilities
- Applicable margins reduced by 40–80 bps across the pricing grid
- Infrastructure revenue grew 52% YoY; Food & Beverage grew 48%
Financial Impact
EPS beat of 38.9% and revenue beat of 7.9%; refinancing saves ~40-80 bps on debt margin
Risk Factors
- Raw material cost inflation or supply disruptions
- U.S. and foreign tariff policies impacting manufacturing costs
- Softness in Vehicle and Consumer end markets (down 19% and 14% YoY)
- Execution risk on the Focused Transformation program
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-324868 |
| Document: mye-ex99_1.htm | 0001193125-26-324868 |
| Document: mye-20260728.htm | 0001193125-26-324868 |
| Document: 0001193125-26-324868-index-headers.html | 0001193125-26-324868 |
| Document: 0001193125-26-324868-index.html | 0001193125-26-324868 |
| Document: 0001193125-26-324868.txt | 0001193125-26-324868 |
| 8-K Data (Synthetic) | 0001193125-26-324868 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 4w ago | 8-K | $31.20 $30.77 | ▼ −1.38% | ▼ −1.70% | $31.63 (+1.38%) |
Jul 30, 2026 9w ago | 8-K | $32.97 $33.29 | ▲ +0.97% | ▼ −2.99% | $31.63 (−4.06%) |
May 7, 2026 21w ago | 8-K | $22.40 $23.08 | ▲ +3.04% | ▼ −0.10% | $31.63 (+41.21%) |
Mar 5, 2026 30w ago | 8-K | $22.63 $21.09 | ▼ −6.82% | ▼ −3.03% | $31.63 (+39.75%) |
US Market Status
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