Myers Industries, Inc. Revises Revenue Guidance for the Full Year 2023
August 03, 2023 at 06:31 am EDT
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Myers Industries, Inc. revised revenue guidance for the full year 2023. Given the current macro challenges, the company has elected to lower revenue guidance for the full year. GAAP diluted net income per common share is expected to be between $1.41 to $1.73.
Myers Industries, Inc. is a manufacturer of a range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. It is also a distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the United States. It operates through two segments. The Material Handling segment manufactures a selection of durable plastic reusable containers that are used repeatedly. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, custom plastic products, consumer fuel containers, and tanks for water, fuel and waste handling. The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire servicing, wheel, and automotive under-vehicle service on passenger, heavy truck, and off-road vehicles and the manufacturing of tire repair materials and custom rubber. It also manufactures composite matting ground protection for industrial applications.
MYERS INDUSTRIES, INC. 
