UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) July 30, 2018

MYERS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

 
					
Ohio	 	1-8524	 	34-0778636	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification Number)	

1293 South Main Street, Akron, OH	 	44301	
(Address of Principal Executive Offices)	 	(Zip Code)	
Registrant’s Telephone Number, including area code (330) 253-5592
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
 
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

Item 2.02	Results of Operations and Financial Condition.	
On July 30, 2018, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the quarter ended June 30, 2018. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the slide materials, which will be discussed during the Company’s earnings conference call at 10:00 a.m. Eastern Time on July 30, 2018, is attached as Exhibit 99.2 to this Current Report on Form 8-K. Information about the call can be found in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this report (including the exhibits) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act’), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
Item 7.01	Regulation FD Disclosure	
See “Item 2.02 Results of Operations and Financial Condition” above.
 
Item 9.01	Financial Statements and Exhibits	
(d) Exhibits

Exhibit
No.	  	Description	
		
99.1	  	Press Release by the Company regarding earnings results dated July 30, 2018	
		
99.2	  	Earnings Presentation Second Quarter 2018 by the Company dated July 30, 2018	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 30, 2018	 		 	MYERS INDUSTRIES, INC.	
				
	 		 	By:	 	/s/ R. David Banyard	
	 		 		 	R. David Banyard, President and Chief Executive Officer	

Exhibit 99.1

Myers Industries Reports 2018 Second Quarter Results
Operational improvements drive significant gross margin expansion and cash flow generation
July 30, 2018, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the second quarter ended June 30, 2018.
Second Quarter 2018 Business Highlights
 
 	•	 	GAAP net income per diluted share from continuing operations of $0.26, compared to $0.08 in the second quarter of 2017	
 
 	•	 	Adjusted net income per diluted share from continuing operations of $0.27, compared to $0.18 in the second quarter of 2017	
 
 	•	 	Net sales increased 3.9% (or 3.6% excluding currency fluctuation) compared to the second quarter of 2017	
 
 	•	 	Gross profit margin of 34.1% compared to 28.3% in the second quarter of 2017	
 
 	•	 	Generated cash from continuing operations of $14.4 million and free cash flow of $13.3 million	
 
 	•	 	Raised net proceeds of $79.5M through sale of common stock, improving financial flexibility to make strategic investments	
 
 	•	 	Company re-affirms its 2018 outlook	
The Company reported net sales of $140.6 million, compared to $135.3 million in the second quarter of 2017, with the increase primarily driven by increased sales in the Company’s consumer, vehicle, and food and beverage end markets. Gross profit margin increased 580 basis points to 34.1% as compared to the prior year, primarily due to pricing actions and savings from last year’s manufacturing footprint realignment and restructuring initiatives. Selling, general and administrative expenses increased $2.4 million year-over-year to $34.5 million, with the increase in expenses primarily attributable to higher incentive compensation costs.
President and Chief Executive Officer Dave Banyard commented, “We are pleased with the continued improvement in our business during the second quarter, which demonstrated another consecutive quarter of year-over-year growth in both sales and earnings. Our focus on niche market strategies drove double-digit sales growth across three of our key end markets, including consumer, vehicle, and food and beverage. Continued strength of demand, combined with the impacts of recent pricing and operational improvement initiatives, resulted in strong gross margin expansion, operating income growth, and free cash flow generation during the quarter.”
Banyard continued, “As we look to the second half of 2018, we expect year-over-year sales growth to temper somewhat as a result of the non-recurrence of certain prior-year order activity. However, continued strong operating and cash flow performance should enable us to capitalize on both organic and acquisitive growth opportunities, especially considering our improved leverage profile following the secondary equity offering and reduction of debt during the second quarter.”

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
(Dollars in thousands, except per share data)	  	2018	 	 	2017	 	 	% Inc
(Dec)	 	 	2018	 	 	2017	 	 	% Inc
(Dec)	 	
Net sales	  	$	140,560	 	 	$	135,252	 	 	 	3.9	% 	 	$	293,128	 	 	$	271,824	 	 	 	7.8	% 	
Gross profit	  	$	47,991	 	 	$	38,292	 	 	 	25.3	% 	 	$	95,106	 	 	$	80,053	 	 	 	18.8	% 	
Gross profit margin	  	 	34.1	% 	 	 	28.3	% 	 				 	 	32.4	% 	 	 	29.5	% 	 				
Operating income	  	$	13,111	 	 	$	5,968	 	 	 	119.7	% 	 	$	25,133	 	 	$	14,084	 	 	 	78.5	% 	
Income from continuing operations:	  				 				 				 				 				 				
Income	  	$	8,608	 	 	$	2,482	 	 	 	246.8	% 	 	$	16,363	 	 	$	5,940	 	 	 	175.5	% 	
Income per diluted share	  	$	0.26	 	 	$	0.08	 	 	 	225.0	% 	 	$	0.51	 	 	$	0.20	 	 	 	155.0	% 	
Operating income as adjusted (1)	  	$	13,381	 	 	$	10,278	 	 	 	30.2	% 	 	$	24,880	 	 	$	19,140	 	 	 	30.0	% 	
Income from continuing operations as adjusted (1) :	  				 				 				 				 				 				
Income	  	$	9,051	 	 	$	5,388	 	 	 	68.0	% 	 	$	16,446	 	 	$	9,696	 	 	 	69.6	% 	
Income per diluted share	  	$	0.27	 	 	$	0.18	 	 	 	50.0	% 	 	$	0.51	 	 	$	0.32	 	 	 	59.4	% 	
EBITDA as adjusted	  	$	19,931	 	 	$	17,576	 	 	 	13.4	% 	 	$	37,978	 	 	$	34,392	 	 	 	10.4	% 	
 
(1)	Details regarding the adjusted charges are provided on the Reconciliations of Non-GAAP Financial Measures included in this release.	

Segment Results
Net sales in the Material Handling Segment increased 7.4% (or 6.9% excluding currency fluctuation) compared to the second quarter of 2017. The increase in net sales was primarily due to increased volume in the Company’s consumer, vehicle, and food and beverage end markets. The segment’s adjusted EBITDA margin was 22.7% compared to 19.7% in the second quarter of 2017. The increase in adjusted EBITDA margin was primarily the result of pricing actions and the benefit of restructuring actions taken in 2017.
Net sales in the Distribution Segment declined 4.5% compared to the second quarter of 2017. The segment’s adjusted EBITDA margin was 8.2% compared to 8.3% in the second quarter of 2017. The impact of the lower sales volume year-over-year was mostly offset by operational efficiencies and the benefit of the change in pricing structure completed last year.
2018 Outlook
For fiscal year 2018, the Company continues to anticipate that total revenue will be up low-to-mid-single digits on a constant currency basis compared to the prior year based on strong backlog, tempered by the non-recurrence of some large, one-time orders delivered in the second half of 2017. The Company expects capital expenditures to be in the range of $10 to $12 million. Net interest expense is now forecasted to be between $4 and $6 million (vs. between $7 and $8 million previously) as a result of the reduction in debt due to the secondary equity offering completed during the second quarter of 2018. Depreciation and amortization are forecasted to be between $26 and $28 million. The Tax Cuts and Jobs Act will benefit the Company through a decrease in its effective tax rate, which is expected to be approximately 25%, compared to approximately 36% previously.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Monday, July 30, at 10:00 a.m. EDT. The call is anticipated to last approximately one hour and may be accessed by dialing: (US) 866-393-4306 or (Int’l) 734-385-2616. The Conference ID # is 3058689. Callers are asked to sign on at least five minutes in advance. The live webcast of the conference call can be accessed from the Investor Relations section of the Company’s website at www.myersindustries.com . Click on the Investor Relations tab to access the webcast. Webcast attendees will be in a listen-only mode. 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: (US) 855-859-2056 or (Int’l) 404-537-3406. The Conference ID # is 3058689.
Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted net income per diluted share from continuing operations, income from continuing operations as adjusted, adjusted income per diluted share from continuing operations, operating income as adjusted, adjusted operating income, adjusted EPS, adjusted EBITDA 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 this news release.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel and under- vehicle service industry in the United States. Visit www.myersindustries.com to learn more.
Caution on Forward-Looking Statements
Statements in this release may include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed “forward-looking”. Words such as “expect”, “believe”, “project”, “plan”, “anticipate”, “intend”, “objective”, “goal”, “view” and similar expressions identify forward-looking statements. These statements are based on management’s current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Company’s control that could cause actual results to materially differ from those expressed or implied. Risks and uncertainties include: 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 benefits 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; unexpected failures at our manufacturing facilities; future economic and financial conditions in the United States and around the world; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; and other risks as detailed in the Company’s 10-K and

other reports filed with the Securities and Exchange Commission. Such reports are available on the Securities and Exchange Commission’s public reference facilities and its website at www.sec.gov and on the Company’s Investor Relations section of its website at www.myersindustries.com . Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made.
Contact:
Monica Vinay, Vice President, Investor Relations & Treasurer
(330) 761-6212

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(Dollars in thousands, except share and per share data)

 	  	Quarter Ended	 	 	Six Months Ended	 	
 	  	June 30, 2018	 	  	June 30, 2017	 	 	June 30, 2018	 	 	June 30, 2017	 	
Net sales	  	$	140,560	 	  	$	135,252	 	 	$	293,128	 	 	$	271,824	 	
Cost of sales	  	 	92,569	 	  	 	96,960	 	 	 	198,022	 	 	 	191,771	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Gross profit	  	 	47,991	 	  	 	38,292	 	 	 	95,106	 	 	 	80,053	 	
Selling, general and administrative expenses	  	 	34,506	 	  	 	32,133	 	 	 	69,979	 	 	 	66,672	 	
(Gain) loss on disposal of fixed assets	  	 	66	 	  	 	(353	) 	 	 	(314	) 	 	 	(1,247	) 	
Impairment charges	  	 	308	 	  	 	544	 	 	 	308	 	 	 	544	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Operating income	  	 	13,111	 	  	 	5,968	 	 	 	25,133	 	 	 	14,084	 	
Interest expense, net	  	 	1,313	 	  	 	1,860	 	 	 	2,952	 	 	 	3,990	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	11,798	 	  	 	4,108	 	 	 	22,181	 	 	 	10,094	 	
Income tax expense (benefit)	  	 	3,190	 	  	 	1,626	 	 	 	5,818	 	 	 	4,154	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	8,608	 	  	 	2,482	 	 	 	16,363	 	 	 	5,940	 	
Income (loss) from discontinued operations, net of income taxes	  	 	—  	 	  	 	(489	) 	 	 	(911	) 	 	 	(833	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	8,608	 	  	$	1,993	 	 	$	15,452	 	 	$	5,107	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) per common share from continuing operations:	  				  				 				 				
Basic	  	$	0.26	 	  	$	0.08	 	 	$	0.52	 	 	$	0.20	 	
Diluted	  	$	0.26	 	  	$	0.08	 	 	$	0.51	 	 	$	0.20	 	
Income (loss) per common share from discontinued operations:	  				  				 				 				
Basic	  	$	—  	 	  	$	(0.01	) 	 	$	(0.03	) 	 	$	(0.03	) 	
Diluted	  	$	—  	 	  	$	(0.01	) 	 	$	(0.03	) 	 	$	(0.03	) 	
Net income (loss) per common share:	  				  				 				 				
Basic	  	$	0.26	 	  	$	0.07	 	 	$	0.49	 	 	$	0.17	 	
Diluted	  	$	0.26	 	  	$	0.07	 	 	$	0.48	 	 	$	0.17	 	
Weighted average common shares outstanding:	  				  				 				 				
Basic	  	 	32,606,838	 	  	 	30,154,965	 	 	 	31,561,194	 	 	 	30,097,638	 	
Diluted	  	 	33,084,540	 	  	 	30,472,636	 	 	 	32,081,350	 	 	 	30,395,417	 	

MYERS INDUSTRIES, INC.
SALES AND EARNINGS BY SEGMENT (UNAUDITED)
(Dollars in thousands)

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
 	  	2018	 	 	2017	 	 	% Change	 	 	2018	 	 	2017	 	 	% Change	 	
Net sales	  				 				 				 				 				 				
Material Handling	  	$	103,130	 	 	$	96,026	 	 	 	7.4	% 	 	$	219,939	 	 	$	194,508	 	 	 	13.1	% 	
Distribution	  	 	37,477	 	 	 	39,258	 	 	 	(4.5	)% 	 	 	73,258	 	 	 	77,832	 	 	 	(5.9	)% 	
Inter-company Sales	  	 	(47	) 	 	 	(32	) 	 	 	—  	 	 	 	(69	) 	 	 	(516	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	140,560	 	 	$	135,252	 	 	 	3.9	% 	 	$	293,128	 	 	$	271,824	 	 	 	7.8	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income	  				 				 				 				 				 				
Material Handling	  	$	17,323	 	 	$	7,814	 	 	 	121.7	% 	 	$	34,053	 	 	$	20,660	 	 	 	64.8	% 	
Distribution	  	 	2,786	 	 	 	3,025	 	 	 	(7.9	)% 	 	 	4,524	 	 	 	4,563	 	 	 	(0.9	)% 	
Corporate	  	 	(6,998	) 	 	 	(4,871	) 	 	 	—  	 	 	 	(13,444	) 	 	 	(11,139	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	13,111	 	 	$	5,968	 	 	 	119.7	% 	 	$	25,133	 	 	$	14,084	 	 	 	78.5	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  				 				 				 				 				 				
Material Handling	  	$	17,285	 	 	$	12,124	 	 	 	42.6	% 	 	$	34,157	 	 	$	25,716	 	 	 	32.8	% 	
Distribution	  	 	2,786	 	 	 	3,025	 	 	 	(7.9	)% 	 	 	3,859	 	 	 	4,563	 	 	 	(15.4	)% 	
Corporate	  	 	(6,690	) 	 	 	(4,871	) 	 	 	—  	 	 	 	(13,136	) 	 	 	(11,139	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	13,381	 	 	$	10,278	 	 	 	30.2	% 	 	$	24,880	 	 	$	19,140	 	 	 	30.0	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  				 				 				 				 				 				
Material Handling	  	$	23,407	 	 	$	18,872	 	 	 	24.0	% 	 	$	46,391	 	 	$	39,716	 	 	 	16.8	% 	
Distribution	  	 	3,087	 	 	$	3,278	 	 	 	(5.8	)% 	 	 	4,469	 	 	 	5,118	 	 	 	(12.7	)% 	
Corporate	  	 	(6,563	) 	 	$	(4,574	) 	 	 	—  	 	 	 	(12,882	) 	 	 	(10,442	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	19,931	 	 	$	17,576	 	 	 	13.4	% 	 	$	37,978	 	 	$	34,392	 	 	 	10.4	% 	

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
(Dollars in thousands)

 	  	June 30, 2018	 	  	December 31, 2017	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	38,940	 	  	$	2,520	 	
Restricted cash	  	 	—  	 	  	 	8,659	 	
Accounts receivable, net	  	 	67,911	 	  	 	76,509	 	
Income tax receivable	  	 	7,832	 	  	 	12,954	 	
Inventories	  	 	49,362	 	  	 	47,166	 	
Other	  	 	3,988	 	  	 	2,204	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	168,033	 	  	 	150,012	 	
Other assets	  	 	118,866	 	  	 	122,026	 	
Property, plant, & equipment, net	  	 	73,790	 	  	 	83,904	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	360,689	 	  	$	355,942	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	56,141	 	  	$	63,581	 	
Accrued expenses	  	 	32,171	 	  	 	35,072	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	88,312	 	  	 	98,653	 	
Long-term debt, net	  	 	78,654	 	  	 	151,036	 	
Other liabilities	  	 	8,970	 	  	 	8,236	 	
Deferred income taxes	  	 	3,492	 	  	 	4,265	 	
Total Shareholders’ Equity	  	 	181,261	 	  	 	93,752	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	360,689	 	  	$	355,942	 	

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(Dollars in thousands)

 	  	Six Months Ended June 30,	 	
 	  	2018	 	 	2017	 	
Cash Flows From Operating Activities	  				 				
Net income	  	$	15,452	 	 	$	5,107	 	
Income (loss) from discontinued operations, net of income taxes	  	 	(911	) 	 	 	(833	) 	
	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	16,363	 	 	 	5,940	 	
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	9,042	 	 	 	10,708	 	
Amortization	  	 	4,315	 	 	 	4,544	 	
Accelerated depreciation associated with restructuring activities	  	 	16	 	 	 	1,929	 	
Non-cash stock-based compensation expense	  	 	2,305	 	 	 	1,817	 	
(Gain) loss on disposal of fixed assets	  	 	(314	) 	 	 	(1,247	) 	
Impairment charges	  	 	308	 	 	 	544	 	
Deferred taxes	  	 	—   	 	 	 	217	 	
Interest income received (accrued) on note receivable	  	 	(14	) 	 	 	(662	) 	
Other	  	 	(201	) 	 	 	188	 	
Payments on performance based compensation	  	 	(1,249	) 	 	 	(992	) 	
Other long-term liabilities	  	 	(63	) 	 	 	(264	) 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	9,106	 	 	 	(979	) 	
Inventories	  	 	(2,454	) 	 	 	(1,236	) 	
Prepaid expenses and other current assets	  	 	(1,807	) 	 	 	797	 	
Accounts payable and accrued expenses	  	 	(8,130	) 	 	 	5,039	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	27,223	 	 	 	26,343	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	981	 	 	 	(2,702	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	28,204	 	 	 	23,641	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(2,318	) 	 	 	(2,326	) 	
Proceeds from sale of property, plant and equipment	  	 	2,633	 	 	 	1,822	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	315	 	 	 	(504	) 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—   	 	 	 	79	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	315	 	 	 	(425	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net borrowing (repayments) on credit facility	  	 	(72,491	) 	 	 	(18,942	) 	
Cash dividends paid	  	 	(8,287	) 	 	 	(8,147	) 	
Proceeds from issuance of common stock	  	 	875	 	 	 	2,001	 	
Proceeds from public offering of common stock, net of equity issuance costs	  	 	79,522	 	 	 	—   	 	
Shares withheld for employee taxes on equity awards	  	 	(371	) 	 	 	(273	) 	
Deferred financing costs	  	 	—   	 	 	 	(1,030	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(752	) 	 	 	(26,391	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—   	 	 	 	—   	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(752	) 	 	 	(26,391	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	(6	) 	 	 	(33	) 	
Less: Net increase (decrease) in cash classified within discontinued operations	  	 	—   	 	 	 	(2,590	) 	
	  	 	 	 	 	 	 	 	
Net increase (decrease) in cash, cash equivalents, and restricted cash	  	 	27,761	 	 	 	(618	) 	
Cash, cash equivalents, and restricted cash at January 1	  	 	11,179	 	 	 	11,039	 	
	  	 	 	 	 	 	 	 	
Cash, cash equivalents, and restricted cash at June 30	  	$	38,940	 	 	$	10,421	 	

MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)
(Dollars in thousands)

 	  	Quarter Ended June 30,2018	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	103,130	 	 	$	37,477	 	 	$	140,607	 	 	$	(47	) 	 	$	140,560	 	
						
GAAP Gross profit	  				 				 	 	47,991	 	 	 	—   	 	 	 	47,991	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	170	 	 	 	—   	 	 	 	170	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	48,161	 	 	 	—   	 	 	 	48,161	 	
Gross profit margin as adjusted	  				 				 	 	34.3	% 	 	 	n/a	 	 	 	34.3	% 	
						
GAAP Operating income	  	 	17,323	 	 	 	2,786	 	 	 	20,109	 	 	 	(6,998	) 	 	 	13,111	 	
Add: Restructuring expenses and other adjustments (1)	  	 	170	 	 	 	—   	 	 	 	170	 	 	 	—   	 	 	 	170	 	
Add: Asset impairments	  	 	—   	 	 	 	—   	 	 	 	—   	 	 	 	308	 	 	 	308	 	
Less: Gain on sale of assets	  	 	(208	) 	 	 	—   	 	 	 	(208	) 	 	 	—   	 	 	 	(208	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	17,285	 	 	 	2,786	 	 	 	20,071	 	 	 	(6,690	) 	 	 	13,381	 	
Operating income margin as adjusted	  	 	16.8	% 	 	 	7.4	% 	 	 	14.3	% 	 	 	n/a	 	 	 	9.5	% 	
						
Add: Depreciation and amortization	  	 	6,188	 	 	 	301	 	 	 	6,489	 	 	 	127	 	 	 	6,616	 	
Less: Depreciation adjustments	  	 	(66	) 	 	 	—   	 	 	 	(66	) 	 	 	—   	 	 	 	(66	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	23,407	 	 	$	3,087	 	 	$	26,494	 	 	$	(6,563	) 	 	$	19,931	 	
EBITDA margin	  	 	22.7	% 	 	 	8.2	% 	 	 	18.8	% 	 	 	n/a	 	 	 	14.2	% 	
 
(1)	Includes gross profit adjustments of $170	

 	  	Quarter Ended June 30,2017	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate &
Other	 	 	Total	 	
GAAP Net sales	  	$	96,026	 	 	$	39,258	 	 	$	135,284	 	 	$	(32	) 	 	$	135,252	 	
						
GAAP Gross profit	  				 				 	 	38,292	 	 	 	—   	 	 	 	38,292	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	4,093	 	 	 	—   	 	 	 	4,093	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	42,385	 	 	 	—   	 	 	 	42,385	 	
Gross profit margin as adjusted	  				 				 	 	31.3	% 	 	 	n/a	 	 	 	31.3	% 	
						
GAAP Operating income	  	 	7,814	 	 	 	3,025	 	 	 	10,839	 	 	 	(4,871	) 	 	 	5,968	 	
Add: Restructuring expenses and other adjustments (1)	  	 	4,344	 	 	 	—   	 	 	 	4,344	 	 	 	—   	 	 	 	4,344	 	
Add: Asset impairments	  	 	544	 	 	 	—   	 	 	 	544	 	 	 	—   	 	 	 	544	 	
Less: Gain on sale of assets	  	 	(578	) 	 	 	—   	 	 	 	(578	) 	 	 	—   	 	 	 	(578	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	12,124	 	 	 	3,025	 	 	 	15,149	 	 	 	(4,871	) 	 	 	10,278	 	
Operating income margin as adjusted	  	 	12.6	% 	 	 	7.7	% 	 	 	11.2	% 	 	 	n/a	 	 	 	7.6	% 	
						
Add: Depreciation and amortization	  	 	8,060	 	 	 	253	 	 	 	8,313	 	 	 	297	 	 	 	8,610	 	
Less: Depreciation adjustments	  	 	(1,312	) 	 	 	—   	 	 	 	(1,312	) 	 	 	—   	 	 	 	(1,312	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	18,872	 	 	$	3,278	 	 	$	22,150	 	 	$	(4,574	) 	 	$	17,576	 	
EBITDA margin	  	 	19.7	% 	 	 	8.3	% 	 	 	16.4	% 	 	 	n/a	 	 	 	13.0	% 	
 
(1)	Includes gross profit adjustments of $4,093 and SG&A adjustments of $251	

MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)
(Dollars in thousands)

 	  	Six Months Ended June 30, 2018	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate &
Other	 	 	Total	 	
GAAP Net sales	  	$	219,939	 	 	$	73,258	 	 	$	293,197	 	 	$	(69	) 	 	$	293,128	 	
						
GAAP Gross profit	  				 				 	 	95,106	 	 	 	—   	 	 	 	95,106	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	289	 	 	 	—   	 	 	 	289	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	95,395	 	 	 	—   	 	 	 	95,395	 	
Gross profit margin as adjusted	  				 				 	 	32.5	% 	 	 	n/a	 	 	 	32.5	% 	
						
GAAP Operating income	  	 	34,053	 	 	 	4,524	 	 	 	38,577	 	 	 	(13,444	) 	 	 	25,133	 	
Add: Restructuring expenses and other adjustments (1)	  	 	312	 	 	 	—   	 	 	 	312	 	 	 	—   	 	 	 	312	 	
Add: Asset impairment	  	 	—   	 	 	 	—   	 	 	 	—   	 	 	 	308	 	 	 	308	 	
Less: Gain on sale of assets	  	 	(208	) 	 	 	(665	) 	 	 	(873	) 	 	 	—   	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	34,157	 	 	 	3,859	 	 	 	38,016	 	 	 	(13,136	) 	 	 	24,880	 	
Operating income margin as adjusted	  	 	15.5	% 	 	 	5.3	% 	 	 	13.0	% 	 	 	n/a	 	 	 	8.5	% 	
						
Add: Depreciation and amortization	  	 	12,316	 	 	 	610	 	 	 	12,926	 	 	 	254	 	 	 	13,180	 	
Less: Depreciation adjustments	  	 	(82	) 	 	 	—   	 	 	 	(82	) 	 	 	—   	 	 	 	(82	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	46,391	 	 	$	4,469	 	 	$	50,860	 	 	$	(12,882	) 	 	$	37,978	 	
EBITDA margin	  	 	21.1	% 	 	 	6.1	% 	 	 	17.3	% 	 	 	n/a	 	 	 	13.0	% 	
 
(1)	Includes gross profit adjustments of $289 and SG&A adjustments of $23	

 	  	Six Months Ended June 30, 2017	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate &
Other	 	 	Total	 	
GAAP Net sales	  	$	194,508	 	 	$	77,832	 	 	$	272,340	 	 	$	(516	) 	 	$	271,824	 	
						
GAAP Gross profit	  				 				 	 	80,053	 	 	 	—   	 	 	 	80,053	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	5,114	 	 	 	—   	 	 	 	5,114	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	85,167	 	 	 	—   	 	 	 	85,167	 	
Gross profit margin as adjusted	  				 				 	 	31.3	% 	 	 	n/a	 	 	 	31.3	% 	
						
GAAP Operating income	  	 	20,660	 	 	 	4,563	 	 	 	25,223	 	 	 	(11,139	) 	 	 	14,084	 	
Add: Restructuring expenses and other adjustments (1)	  	 	5,754	 	 	 	—   	 	 	 	5,754	 	 	 	—   	 	 	 	5,754	 	
Add: Asset impairment	  	 	544	 	 	 	—   	 	 	 	544	 	 	 	—   	 	 	 	544	 	
Less: Gain on sale of assets	  	 	(1,242	) 	 	 	—   	 	 	 	(1,242	) 	 	 	—   	 	 	 	(1,242	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	25,716	 	 	 	4,563	 	 	 	30,279	 	 	 	(11,139	) 	 	 	19,140	 	
Operating income margin as adjusted	  	 	13.2	% 	 	 	5.9	% 	 	 	11.1	% 	 	 	n/a	 	 	 	7.0	% 	
						
Add: Depreciation and amortization	  	 	15,929	 	 	 	555	 	 	 	16,484	 	 	 	697	 	 	 	17,181	 	
Less: Depreciation adjustments	  	 	(1,929	) 	 	 	—   	 	 	 	(1,929	) 	 	 	—   	 	 	 	(1,929	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	39,716	 	 	$	5,118	 	 	$	44,834	 	 	$	(10,442	) 	 	$	34,392	 	
EBITDA margin	  	 	20.4	% 	 	 	6.6	% 	 	 	16.5	% 	 	 	n/a	 	 	 	12.7	% 	
 
(1)	Includes gross profit adjustments of $5,114 and SG&A adjustments of $640	

MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
INCOME AND EARNINGS PER DILUTED SHARE (UNAUDITED)
(Dollars in thousands, except per share data)

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
 	  	2018	 	 	2017	 	 	2018	 	 	2017	 	
GAAP Operating income	  	$	13,111	 	 	$	5,968	 	 	$	25,133	 	 	$	14,084	 	
Add: Restructuring expenses and other adjustments	  	 	170	 	 	 	4,344	 	 	 	312	 	 	 	5,754	 	
Add: Asset impairments	  	 	308	 	 	 	544	 	 	 	308	 	 	 	544	 	
Less: Gain on sale of assets	  	 	(208	) 	 	 	(578	) 	 	 	(873	) 	 	 	(1,242	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	13,381	 	 	 	10,278	 	 	 	24,880	 	 	 	19,140	 	
Less: Interest expense, net	  	 	(1,313	) 	 	 	(1,860	) 	 	 	(2,952	) 	 	 	(3,990	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) before taxes as adjusted	  	 	12,068	 	 	 	8,418	 	 	 	21,928	 	 	 	15,150	 	
Less: Income tax expense (1)	  	 	(3,017	) 	 	 	(3,030	) 	 	 	(5,482	) 	 	 	(5,454	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations as adjusted	  	$	9,051	 	 	$	5,388	 	 	$	16,446	 	 	$	9,696	 	
Adjusted earnings (loss) per diluted share from continuing operations	  	$	0.27	 	 	$	0.18	 	 	$	0.51	 	 	$	0.32	 	
 
(1)	Income taxes are calculated using the normalized effective tax rate for each year.	
The rate used in 2018 was 25% and in 2017 was 36%.

MYERS INDUSTRIES, INC.
RECONCILIATION OF FREE CASH FLOW TO GAAP NET CASH PROVIDED BY
(USED FOR) OPERATING ACTIVITIES – CONTINUING OPERATIONS
(UNAUDITED)
(Dollars in thousands)

 	  	YTD	 	 	 	 	  	YTD	 	 	 	 	  	QTD	 	
 	  	June 30, 2018	 	 	 	 	  	March 31, 2018	 	 	 	 	  	June 30, 2018	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	27,223	 	 	 	-	 	  	$	12,838	 	 	 	=	 	  	$	14,385	 	
Capital expenditures	  	 	(2,318	) 	 	 	-	 	  	 	(1,206	) 	 	 	=	 	  	 	(1,112	) 	
	  	 	 	 	 				  	 	 	 	 				  	 	 	 	
Free cash flow	  	$	24,905	 	 	 	-	 	  	$	11,632	 	 	 	=	 	  	$	13,273	 	

MYERS INDUSTRIES, INC.
Second Quarter 2018 Earnings Presentation
Exhibit 99.2	

S AFE
H ARBOR
S TATEMENT
& N ON -GAAP M EASURES
2
Statements in this presentation concerning the Company’s goals, strategies and expectations for business and financial results may be "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current indicators and expectations. Any
statement that is not of historical fact may be deemed “forward-looking”. Words such as “expect”, “believe”, “project”, “plan”, “anticipate”, “intend”,
“objective”, “goal”, “view” and similar expressions identify forward-looking statements. These statements are based on management’s current views and
assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside the Company’s control that could
cause
actual
results
to
materially
differ
from
those
expressed
or
implied.
You
are
cautioned
not
to
put
undue
reliance
on
any
forward-looking
statement. 
We do not intend, and undertake no obligation, to update these forward-looking statements. Such risks include:
(1)
Raw material availability, increases in raw material costs, or other production costs
(2)
Risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives
(3)
Unanticipated downturn in business relationships with customers or their purchases
(4)
Competitive pressures on sales and pricing
(5)
Changes in the markets for the Company’s business segments
(6)
Changes in trends and demands in the markets in which the Company competes
(7)
Unexpected failures at our manufacturing facilities
(8)
Future economic and financial conditions in the United States and around the world
(9)
Inability of the Company to meet future capital requirements
(10)
Claims, litigation and regulatory actions against the Company
(11)
Changes in laws and regulations affecting the Company
(12)
Other risks as detailed in the Company’s 10-K and other reports filed with the Securities Exchange Commission
Myers Industries, Inc. encourages investors to learn more about these risk factors. A detailed explanation of these factors is available in the Company’s
publicly filed quarterly and annual reports, which can be found online at www.myersindustries.com and at the SEC.gov web site.
The Company refers to certain non-GAAP financial measures throughout this presentation. Adjusted EPS, adjusted income per diluted share from
continuing operations, adjusted operating income, adjusted gross profit, adjusted EBITDA 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. The Company
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 appendix of this presentation.
Statements in this presentation speak only as of the date made.	

2018 Q2 O VERVIEW
Challenges
Achievements
-
Distribution Segment continues to make progress,
but at a slow rate
»
Year-over-year sales decline continued in Q2
»
Equipment sales and MTS International
made up ~50% of the decline
»
Daily sales run rate of domestic
consumables increased in Q2
»
Gross profit margin expanded year-over-
year in Q2 as a result of the new pricing
structure and a favorable product mix
»
MTS implementing sales force incentive
programs
»
Focus on sales of high margin products
and target market segments
»
MTS continues to fill open sales territories and
onboard new sales reps
Generated free cash flow of $13.3M or 9.4% of
sales
Strong commercial execution in Material
Handling niche markets
»
New Consumer customer wins and share
gains at Scepter
»
Market share gains and new customer win in
Food & Beverage at Buckhorn
»
New Industrial customer win at Ameri-Kart
Gross profit margin expanded to 34% due to
pricing actions and benefits from manufacturing
footprint realignment
Reduced net debt by $102M through sale of
common stock and strong free cash flow
generation
»
Enables greater financial flexibility to
make strategic investments
3
Results reflect continuing operations.  See appendix for non-GAAP reconciliations.	

Q2 F INANCIAL
S UMMARY
Operating Highlights
»
Net sales up 3.9%
»
Material Handling up $7.1M (+7.4%)
»
Distribution down $1.8M (-4.5%)
»
Gross profit increased $9.7M (Adj. $5.8M)
»
Increased volume and price, partially offset by
unfavorable mix and higher raw material costs
»
Price increases more than offsetting material
cost increases
»
Savings from 2017 footprint
realignment/restructuring initiatives and
operating efficiencies in Material Handling
»
Adj. EBITDA up $2.4M to $19.9M, compared to
$17.5M in Q2 2017
»
GAAP EPS $0.26 compared to $0.08 in Q2
2017; adjusted EPS $0.27 compared to $0.18 in
Q2 2017
GAAP Financial Highlights
Non-GAAP Financial Highlights
4
Results reflect continuing operations.  See appendix for non-GAAP reconciliations.
(In $ millions except EPS)
Q2 '18
V to PY
Net Sales
140.6
$ 
3.9%
Gross Profit
48.0
      
25.3%
Gross Profit Margin
34.1%
+580 bps
Op Income
13.1
      
119.7%
Op Income Margin
9.3%
+490 bps
Diluted EPS
0.26
$   
225.0%
(In $ millions except EPS)
Q2 '18
V to PY
Net Sales
140.6
$ 
3.9%
Adj Gross Profit
48.2
      
13.6%
Gross Profit Margin
34.3%
+290 bps
Adj Op Income
13.4
      
30.2%
Op Income Margin
9.5%
+190 bps
Adj EBITDA
19.9
      
13.4%
EBITDA Margin
14.2%
+120 bps
Diluted Adjusted EPS
0.27
$   
50.0%	

Q2 S EGMENT
R ESULTS
Material Handling Segment Highlights
»
Consumer up double-digits due to timing of orders, new customer
wins and market share gains
»
Double-digit sales growth in Food & Beverage due to higher
agriculture and food processing sales
»
Sales to the Vehicle end market grew double-digits driven by
increased sales to the automotive OEM market
»
Higher volume offset by unfavorable mix; pricing actions more than
offsetting raw material cost inflation
»
Adjusted EBITDA margin expanded 300 bps to 22.7% as a result of
pricing initiatives, restructuring actions and operating efficiencies
Material Handling Financial Highlights
Distribution Financial Highlights
5
Results
reflect
continuing
operations.
See
appendix
for
non-GAAP
reconciliations.
Distribution Segment Highlights
»
MTS net sales decreased year-over-year
»
Team continues to work to improve sales force
effectiveness
»
Implementing sales rep incentives to drive increased sales
of higher margin products and target market segments
»
New pricing structure and focus on selling higher margin
products driving gross margin expansion
»
Adjusted EBITDA margin flat year-over-year
»
Impact of lower sales volume mostly offset by favorable
price/mix and operational efficiencies
(In $ millions)
Q2 '18
V to PY
Net Sales
103.1
$ 
7.4%
Op Income
17.3
      
121.7%
Op Income Margin
16.8%
+870 bps
Adj Op Income
17.3
      
42.6%
Adj Op Income Margin
16.8%
+410 bps
Adj EBITDA
23.4
      
24.0%
Adj EBITDA Margin
22.7%
+300 bps
(In $ millions)
Q2 '18
V to PY
Net Sales
37.5
$   
-4.5%
Op Income
2.8
        
-7.9%
Op Income Margin
7.4%
-30 bps
Adj Op Income
2.8
        
-7.9%
Adj Op Income Margin
7.4%
-30 bps
Adj EBITDA
3.1
        
-5.8%
Adj EBITDA Margin
8.2%
-10 bps	

B ALANCE
S HEET
AND
C ASH
F LOW
6
Q2 Highlights
»
Strong free cash flow generation of $13.3M; YTD free
cash flow of $24.9M
»
Reduced net debt by $101.6M
»
Raised net proceeds of $79.5M through sale of
common stock
»
Net debt-to-adjusted EBITDA declined to 0.6x
»
Working capital as a percentage of TTM sales at 5.8%,
consistent with prior quarters and consistently below
target of 9%
Results reflect continuing operations.  See appendix for non-GAAP reconciliations.
$168.3
$155.1
$148.5
$141.3
$39.7
2.7x
2.5x
2.3x
0.6x
Q2 '17
Q3 '17
Q4 '17
Q1 '18
Q2 '18
T ARGET
<2x
3.0x
Working Capital as a % of TTM Sales
8.5%
8.8%
9.3%
9.7%
Operating Cash Flow
Free Cash Flow (FCF)
FCF
T ARGET
>7%
T ARGET
<9%
Cash Flow ($M) and Cash Flow as % of Sales
Net Debt ($M) and Net Debt to Adj. EBITDA
Operating Cash Flow
Free Cash Flow (FCF)
FCF
T ARGET
>7%
$26.3
$27.2
$24.0
$24.9
YTD '17
YTD '18
YTD '18
6.6%
5.7%
5.0%
6.0%
5.8%
Q2 '17
Q3 '17
Q4 '17
Q1 '18
Q2 '18
YTD '17	

2018 O UTLOOK
7
2016
2017
2018 Operating Framework
Low single
digits
High single
digits
High single
digits
Flat
Low single
digits
Expect increased demand from agriculture
and food processing markets
Anticipating growth in market share will be
partially offset by 2017 unusual hurricane volume
Strong RV market YTD, but pace slowing
from growth to steady demand; seeing
increased demand in automotive OEM
market
Industrial volume is expected to be flat as
we finalize product simplification and 80/20
initiatives; growth potential available with
new niche market wins
Not expecting sales growth in second half to
fully offset first half sales decline
2018 Full Year Outlook Re-affirmed	

A PPENDIX	

2018 K EY
A SSUMPTIONS
9
»
Net sales:
Up low-to-mid-single digits
»
Capital expenditures:
$10 -
$12 million
»
Net interest expense: 
$4 -
$6 million
»
D&A:
$26 -
$28 million
»
Effective tax rate (normalized):
~25%	

10
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)
(Dollars in thousands)
Material
Handling
Distribution
Segment
Total
Corporate &
Other
Total
GAAP Net sales
103,130
$  
37,477
$    
140,607
$  
(47)
$           
140,560
$  
GAAP Gross profit
47,991
—
47,991
Add: Restructuring expenses and other adjustments
170
—
170
Gross profit as adjusted
48,161
—
48,161
Gross profit margin as adjusted
34.3%
n/a
34.3%
GAAP Operating income
17,323
2,786
20,109
(6,998)
13,111
Add:
Restructuring
expenses
and
other
adjustments
(1)
170
—
170
—
170
Add: Asset impairments
—
—
—
308
308
Less: Gain on sale of assets
(208)
—
(208)
—
(208)
Operating income as adjusted
17,285
2,786
20,071
(6,690)
13,381
Operating income margin as adjusted
16.8%
7.4%
14.3%
n/a
9.5%
Add: Depreciation and amortization
6,188
301
6,489
127
6,616
Less: Depreciation adjustments
(66)
—
(66)
—
(66)
EBITDA as adjusted
23,407
$    
3,087
$       
26,494
$    
(6,563)
$     
19,931
$    
EBITDA margin
22.7%
8.2%
18.8%
n/a
14.2%
Quarter Ended June
30,2018
(1) Includes gross profit adjustments of $170	

11
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
GROSS PROFIT, OPERATING INCOME AND EBITDA (UNAUDITED)
(Dollars in thousands)
Material
Handling
Distribution
Segment
Total
Corporate &
Other
Total
GAAP Net sales
96,026
$    
39,258
$    
135,284
$  
(32)
$           
135,252
$  
GAAP Gross profit
38,292
—
38,292
Add: Restructuring expenses and other adjustments
4,093
—
4,093
Gross profit as adjusted
42,385
—
42,385
Gross profit margin as adjusted
31.3%
n/a
31.3%
GAAP Operating income
7,814
3,025
10,839
(4,871)
5,968
Add:
Restructuring
expenses
and
other
adjustments
(1)
4,344
—
4,344
—
4,344
Add: Asset impairments
544
—
544
—
544
Less: Gain on sale of assets
(578)
—
(578)
—
(578)
Operating income as adjusted
12,124
3,025
15,149
(4,871)
10,278
Operating income margin as adjusted
12.6%
7.7%
11.2%
n/a
7.6%
Add: Depreciation and amortization
8,060
253
8,313
297
8,610
Less: Depreciation adjustments
(1,312)
—
(1,312)
—
(1,312)
EBITDA as adjusted
18,872
$    
3,278
$       
22,150
$    
(4,574)
$     
17,576
$    
EBITDA margin
19.7%
8.3%
16.4%
n/a
13.0%
Quarter Ended June
30,2017	

12
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
INCOME AND EARNINGS PER DILUTED SHARE (UNAUDITED)
(Dollars in thousands, except per share data)
2018
2017
2018
2017
GAAP Operating income
13,111
$    
5,968
$       
25,133
$    
14,084
$    
Add: Restructuring expenses and other adjustments
170
4,344
312
5,754
Add: Asset impairments
308
544
308
544
Less: Gain on sale of assets
(208)
(578)
(873)
(1,242)
Operating income as adjusted
13,381
10,278
24,880
19,140
Less: Interest expense, net
(1,313)
(1,860)
(2,952)
(3,990)
Income (loss) before taxes as adjusted
12,068
8,418
21,928
15,150
Less:
Income
tax
expense
(1)
(3,017)
(3,030)
(5,482)
(5,454)
Income (loss) from continuing operations as adjusted
9,051
$       
5,388
$       
16,446
$    
9,696
$       
Adjusted earnings (loss) per diluted share from continuing operations
0.27
$         
0.18
$         
0.51
$         
0.32
$         
Quarter
Ended
June
30,
Six
Months
Ended
June
30,
(1) Income taxes are calculated using the normalized effective tax rate for each year.
The rate used in 2018 was 25% and in 2017 was 36%.	

13
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF FREE CASH FLOW TO GAAP NET CASH PROVIDED BY
(USED FOR) OPERATING ACTIVITIES –
CONTINUING OPERATIONS
(UNAUDITED)
(Dollars in thousands)
YTD
YTD
QTD
June
30, 2018
March 31, 2018
June
30, 2018
Net
cash
provided
by
(used
for)
operating
activities
27,223
$         
-
12,838
$         
=
14,385
$                
Capital expenditures
(2,318)
-
(1,206)
=
(1,112)
Free cash flow
24,905
$         
-
11,632
$         
=
13,273
$                
-
continuing
operations	

14
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA (UNAUDITED)
(Dollars in thousands)
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Income from continuing operations
580
$          
(899)
$         
3,458
$       
2,482
$       
3,083
$       
1,821
$       
7,755
$       
8,608
$       
Add: income tax expense
549
195
2,528
1,626
1,880
(1,170)
2,628
3,190
Add: interest expense, net
2,194
2,122
2,130
1,860
1,838
1,464
1,639
1,313
Add: extinguishment of debt
—
—
—
—
—
1,888
—
—
Add: depreciation
5,549
5,582
6,150
6,487
4,606
4,702
4,495
4,466
Add: amortization
2,433
2,417
2,422
2,122
2,178
2,164
2,070
2,149
EBITDA
11,305
9,417
16,688
14,577
13,585
10,869
18,587
19,726
Add: one-time adjustments (excludes
depreciation adjustments)
897
996
128
2,999
(202)
1,663
(539)
205
EBITDA as adjusted
12,202
$    
10,413
$    
16,816
$    
17,576
$    
13,383
$    
12,532
$    
18,048
$    
19,931
$    
TTM EBITDA as adjusted
57,007
$    
58,188
$    
60,307
$    
61,539
$    
63,894
$    
Debt
170,114
$  
158,010
$  
151,036
$  
144,363
$  
78,654
$    
Less: cash
1,778
2,917
2,520
3,015
38,940
Net debt
168,336
$  
155,093
$  
148,516
$  
141,348
$  
39,714
$    
Net Debt to Adjusted EBITDA
3.0x
2.7x
2.5x
2.3x
0.6x