Myers Industries, Inc., a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel, and under-vehicle service industry, will host its 2024 Investor Day event tomorrow morning at the Harvard Club of New York City. The event will be led by Mike McGaugh, Myers Industries’ President and Chief Executive Officer, and will feature presentations from other members of the executive leadership team. Materials supporting the event have been filed as of the time of this press release and are available on Myers’ investor relations website.

Mike McGaugh commented, “During this event we will highlight the progress we’ve made in successfully executing Myers Three Horizon Strategy, the foundation we’ve built through Horizon One, and the strategic focus of our Company as we transition to Horizon Two. We will also be reviewing the long-term vision for our Company.”

McGaugh concluded, “Today, we recognize that several of our cyclical end markets are experiencing trough-like levels of demand. As these end markets return to historical demand levels, Myers is well positioned to recover with even stronger margin performance from the foundation established in Horizon One. Our focus in Horizon Two is to continue growing through acquisition and innovation, gaining scale as we move into adjacent markets and technologies with a focus on branded products, and delivering continued improvement in profitability and cash flow generation. We believe our strategy will enable us to deliver strong returns to shareholders through our disciplined approach to capital allocation, which includes the continuation of our dividend program, reinvestments in the business, opportunistic share repurchases, and strategic M&A activity.”

Event Webcast and Replay Details
The Company will host a live webcast of its Investor Day event for investors and analysts on Tuesday, March 19, 2024. The event will begin at 8:30 AM (ET) and is expected to conclude before 12:00 PM (ET). Interested parties may access the webcast using the following online participation registration link: https://app.webinar.net/QpgVLDqlkZd. A complete recording of the Company’s Investor Day presentations will be posted to the Company’s investor relations website following the conclusion of the event. To access the event replay, please visit the Events & Presentations section of the Company’s investor relations website at www.myersindustries.com.

Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in presentation materials referenced in this release. 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 the presentation materials referenced in this news release.

In addition, certain financial information in the presentation materials referenced in this release regarding the business of Signature Systems, which was acquired by the Company on February 8, 2024, including the historical and pro forma financial information, are subject to and may change based on the audited financial statements of Signature Systems and unaudited pro forma financial information to be provided by the Company pursuant to Item 9.01 of Current Report on Form 8-K.

 

Source: businesswire.com

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