Myers Industries Inc. (MYE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1293 S MAIN ST
AKRON, OH 44301
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,29023,13917,65528,30175,52758,894
Cash and cash equivalents30,29023,13917,65528,30175,52758,894
Receivables113,907133,716100,69183,70162,27972,939
Inventory, net of allowances, customer advances and progress billings90,84493,35193,55165,91944,26043,596
Inventory90,84493,35193,55165,91944,26043,596
Other undisclosed current assets21,5807,0018,0175,8092,9767,426
Total current assets:256,621257,207219,914183,730185,042182,855
Noncurrent Assets
Operating lease, right-of-use asset27,98928,90829,28518,3905,901
Property, plant and equipment107,933101,56692,04973,95354,96465,460
Intangible assets, net (including goodwill)140,521146,909138,959120,29497,52889,348
Goodwill95,39295,15788,77879,25666,77459,068
Intangible assets, net (excluding goodwill)45,12951,75250,18141,03830,75430,280
Regulated entity, other noncurrent assets     824 
Deferred income tax assets20912910684 
Other noncurrent assets8,3587,9154,2363,5643,8975,712
Deferred tax assets, net5,270
Other undisclosed noncurrent assets     4,983 
Total noncurrent assets:285,010285,427264,635216,285168,097165,790
TOTAL ASSETS:541,631542,634484,549400,015353,139348,645
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities132,573131,067126,65997,89480,56897,423
Interest and dividends payable9661,7851,7851,939
Taxes payable2,7592,5241,1041,403
Employee-related liabilities21,61614,49912,48816,531
Accounts payable79,05073,53681,69061,15046,86760,849
Accrued liabilities53,52357,53119,62817,93618,32416,701
Debt26,59151850039,9942,057 
Other undisclosed current liabilities5,9436,1775,3414,359  
Total current liabilities:165,107137,762132,500142,24782,62597,423
Noncurrent Liabilities
Long-term debt and lease obligation40,604102,881124,19751,33781,25076,790
Long-term debt, excluding current maturities31,98993,96290,94537,58277,17676,790
Finance lease, liability8,6158,9199,437  
Liabilities, other than long-term debt43,12045,56418,52717,33122,58219,794
Deferred income tax liabilities8,6607,5085,4412,958 
Other liabilities12,10815,27013,08614,37322,58219,794
Operating lease, liability22,35222,78623,81513,7554,074
Total noncurrent liabilities:83,724148,445142,72468,668103,83296,584
Total liabilities:248,831286,207275,224210,915186,457194,007
Equity
Equity, attributable to parent292,800256,427209,325189,100166,682154,638
Common stock22,60822,33222,17221,93921,78521,547
Additional paid in capital322,526315,865306,720300,852296,363292,558
Accumulated other comprehensive loss(16,815)(17,793)(15,401)(15,773)(16,349)(18,280)
Accumulated deficit(35,519)(63,977)(104,166)(117,918)(135,117)(141,187)
Total equity:292,800256,427209,325189,100166,682154,638
TOTAL LIABILITIES AND EQUITY:541,631542,634484,549400,015353,139348,645

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues813,067899,547761,435510,369515,698566,735
Cost of revenue
(Cost of Goods and Services Sold)
(553,981)(616,181)(550,014)(338,409)(344,386)(387,442)
Gross profit:259,086283,366211,421171,960171,312179,293
Operating expenses(186,681)(198,822)(162,120)(130,334)(134,046)(172,966)
Other operating income (expense), net  (603) 11,924  
Operating income:72,40583,94149,30153,55037,2666,327
Nonoperating income
(Investment Income, Nonoperating)
    2098081,221
Interest and debt expense    (4,897)(4,891)(6,159)
Income from continuing operations before equity method investments, income taxes:72,40583,94149,30148,86233,1831,389
Other undisclosed loss from continuing operations before income taxes(6,349)(5,731)(4,208)   
Income from continuing operations before income taxes:66,05678,21045,09348,86233,1831,389
Income tax expense(17,189)(17,943)(11,555)(12,093)(8,968)(3,037)
Income (loss) from continuing operations:48,86760,26733,53836,76924,215(1,648)
Income (loss) before gain (loss) on sale of properties:33,53836,76924,215(1,648)
Other undisclosed net income (loss)     118(1,701)
Net income (loss) available to common stockholders, diluted:48,86760,26733,53836,76924,333(3,349)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):48,86760,26733,53836,76924,333(3,349)
Other comprehensive income (loss)978(2,392)3725761,931(3,739)
Comprehensive income (loss), net of tax, attributable to parent:49,84557,87533,91037,34526,264(7,088)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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