UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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, 2019

Myers Industries, Inc.
(Exact Name of Registrant as Specified in Charter)

 
					
Ohio	 	001-8524	 	34-0778636	
(State or Other Jurisdiction
of Incorporation)	 	(Commission
File Number)	 	(I.R.S. Employer
Identification No.)	
1293 South Main Street, Akron, Ohio 44301
(Address of Principal Executive Offices, and Zip Code)
(330) 253-5592
Registrant’s Telephone Number, Including Area Code
(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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
 	☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	
Securities registered pursuant to Section 12(b) of the Act:

Title of each class	 	Trading
Symbol	 	Name of each exchange
on which registered	
Common Stock, without par value	 	MYE	 	The New York Stock Exchange	
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, 2019, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the second quarter ended June 30, 2019. 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 presentation which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on July 30, 2019, 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
Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02 and Exhibits 99.1 and 99.2 is being furnished and 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 liability of that section. Furthermore, the information in this Item 2.02 and Exhibits 99.1 and 99.2 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended (the “Securities Act”) except as may be expressly set forth by specific reference in such filing.
 
Item 7.01	Regulation FD Disclosure.	
As described in “Item 2.02 Results of Operations and Financial Condition” above, on July 30, 2019, the Company issued a press release announcing earnings results for the second quarter ended June 30, 2019, the full text of which is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the presentation which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on July 30, 2019 is attached as Exhibit 99.2 to this Current Report on Form 8-K.
Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 7.01 and Exhibits 99.1 and 99.2 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. Furthermore, the information in this Item 7.01 and Exhibits 99.1 and 99.2 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act except as may be expressly set forth by specific reference in such filing.
 
Item 9.01	Financial Statements and Exhibits.	
(d)      Exhibits .

Exhibit	
Number	  		Description	
			
99.1	  	Press Release dated July 30, 2019		
			
99.2	  	Second Quarter 2019 Earnings Presentation dated July 30, 2019		

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.

Myers Industries, Inc.	
		
By:	 	/s/ Andrean R. Horton	
	 	Andrean R. Horton	
	 	Chief Legal Officer and Secretary	
Date: July 30, 2019

Exhibit 99.1

Myers Industries Reports 2019 Second Quarter Results
Updates Full-Year Outlook
July 30, 2019, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced results for the second quarter ended June 30, 2019.
Second Quarter 2019 Business Highlights
 
 	•	 	GAAP income per diluted share from continuing operations was $0.18, compared to $0.26 for the second quarter of 2018; adjusted income per diluted share from continuing operations was $0.27, or flat compared to the second quarter of 2018	
 
 	•	 	Net sales decreased 4.5% compared to the second quarter of 2018	
 
 	•	 	Gross profit margin expanded 90 bps to 35.0%	
 
 	•	 	Operating income decreased 22.3%; adjusted operating income increased 6.0%	
 
 	•	 	Generated cash flow from continuing operations of $10.9 million and free cash flow of $9.4 million	
Updated Full-Year Outlook
 
 	•	 	Full-year 2019 net sales are now expected to be down low-to-mid-single digits due primarily to weakness in consumer end market demand	
 
 	•	 	GAAP income per diluted share from continuing operations is now expected to be in the range of $0.62 to $0.72 for 2019, primarily as a result of a $4 million charge in the second quarter of 2019 for estimated environmental liabilities	
 
 	•	 	Outlook for adjusted income per diluted share from continuing operations remains in the range of $0.75 to $0.85 for 2019	
“Second-quarter adjusted earnings were in line with our expectations, despite softer than anticipated demand in our consumer end market. Net sales were down 4.5% due primarily to continued weakness in the Recreational Vehicle (RV) market and softer than anticipated spring seasonal demand in our consumer end market. We expanded our gross margin to 35.0% and increased adjusted operating income by 6% as volume declines were more than offset by cost discipline, selective price increases and execution of our Distribution Segment transformation,” said Dave Banyard, President and Chief Executive Officer of Myers Industries.
Mr. Banyard continued, “Within our Distribution Segment, we continued to make progress on the transformation. We grew sales for the third consecutive quarter and increased adjusted EBITDA by 16%. With this quarter’s performance, we are on track to meet our Distribution Segment EBITDA margin goal of 10% by the end of 2020.”

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
(Dollars in thousands, except per share data)	  	2019	 	 	2018	 	 	% Inc
(Dec)	 	 	2019	 	 	2018	 	 	% Inc
(Dec)	 	
Net sales	  	$	134,285	 	 	$	140,560	 	 	 	(4.5	)% 	 	$	273,400	 	 	$	293,128	 	 	 	(6.7	)% 	
Gross profit	  	$	46,936	 	 	$	47,991	 	 	 	(2.2	)% 	 	$	92,495	 	 	$	95,106	 	 	 	(2.7	)% 	
Gross profit margin	  	 	35.0	% 	 	 	34.1	% 	 				 	 	33.8	% 	 	 	32.4	% 	 				
Operating income	  	$	10,182	 	 	$	13,111	 	 	 	(22.3	)% 	 	$	20,400	 	 	$	25,133	 	 	 	(18.8	)% 	
Income from continuing operations:	  				 				 				 				 				 				
Income	  	$	6,606	 	 	$	8,608	 	 	 	(23.3	)% 	 	$	13,249	 	 	$	16,363	 	 	 	(19.0	)% 	
Income per diluted share	  	$	0.18	 	 	$	0.26	 	 	 	(30.8	)% 	 	$	0.37	 	 	$	0.51	 	 	 	(27.5	)% 	
							
Operating income as adjusted (1)	  	$	14,182	 	 	$	13,381	 	 	 	6.0	% 	 	$	26,389	 	 	$	24,880	 	 	 	6.1	% 	
Income from continuing operations as adjusted (1) :	  				 				 				 				 				 				
Income	  	$	9,610	 	 	$	9,051	 	 	 	6.2	% 	 	$	17,756	 	 	$	16,446	 	 	 	8.0	% 	
Income per diluted share	  	$	0.27	 	 	$	0.27	 	 	 	0.0	% 	 	$	0.50	 	 	$	0.51	 	 	 	(2.0	)% 	
EBITDA as adjusted	  	$	20,145	 	 	$	19,931	 	 	 	1.1	% 	 	$	38,249	 	 	$	37,978	 	 	 	0.7	% 	
 
(1)	Detail regarding the adjustments is provided on the Reconciliations of Non-GAAP Financial Measures included in this release.	

Second quarter 2019 net sales decreased $6.3 million or 4.5% (4.2% excluding currency fluctuation) to $134.3 million, compared to the second quarter of 2018. The decrease was the result of a sales decline in the Material Handling Segment. Gross profit decreased $1.1 million to $46.9 million, compared to the second quarter of 2018. Gross profit margin increased 90 basis points to 35.0%. Favorable price-cost margin offset lower sales volume and an unfavorable sales mix during the quarter. Selling, general and administrative expenses increased $2.3 million to $36.8 million, compared to the second quarter of 2018, due mostly to a $4 million charge for estimated environmental liabilities related to the New Idria Mercury Mine, which was partially offset by lower variable compensation and benefit costs and savings from the Distribution Segment’s transformation initiatives. GAAP income per diluted share from continuing operations was $0.18, compared to $0.26 for the second quarter of 2018. Adjusted income per diluted share from continuing operations was $0.27, which was flat compared to the second quarter of 2018.
Segment Results
Net sales in the Material Handling Segment for the second quarter of 2019 decreased $7.2 million or 7.0% (6.7% excluding currency fluctuation) compared to the second quarter of 2018. The decrease in net sales was primarily due to sales decreases in the Company’s vehicle (RV market decline) and consumer (lower fuel can sales) end markets. The segment’s adjusted EBITDA declined 1.0% to $23.2 million for the 2019 second quarter, compared to $23.4 million in 2018. Favorable price-cost margin mostly offset the impact of the lower sales volume and unfavorable sales mix. Material Handling EBITDA margin increased 150 basis points to 24.2%.
Net sales in the Distribution Segment for the second quarter of 2019 increased $0.9 million or 2.4% compared to the second quarter of 2018. The segment’s adjusted EBITDA increased 16.3% to $3.6 million compared to the second quarter of 2018, due primarily to savings from the segment’s transformation plan and higher sales volume. The Company continues to execute its transformation plan, which includes enhancements in its go-to-market strategy, the implementation of 80/20 to drive improved contribution margins, and optimization of its logistics and overhead costs, with a goal to expand Distribution Segment EBITDA margin to 10% by the end of 2020. Distribution EBITDA margin increased 120 basis points to 9.4%.
2019 Outlook
For the full-year 2019, the Company now anticipates that total revenue year-over-year will be down low-to-mid-single digits on a constant currency basis versus its previous expectation of flat year-over-year revenue. While the Company anticipates full-year sales growth in its auto aftermarket and industrial end markets, it expects that growth to be more than offset by lower year-over-year demand in its food and beverage, consumer and vehicle end markets.
“The important spring selling season for outdoor power equipment was unusually weak due to the historic wet weather conditions experienced across much of the country. This sluggish start to the year took a toll on our consumer end market demand, which we anticipate will continue to be weak in the third quarter and will not recover by year-end. While we expect to offset some of the decline with our new product launch, this incremental revenue will not be enough to overcome the market decline, so we are adjusting our full-year sales outlook,” said Mr. Banyard.
Mr. Banyard continued, “At this point, we are cautious about the state of demand for the rest of the year. Seasonally, the fourth quarter is less affected by our consumer end market; however, demand in our food and beverage end market remains uncertain due to the late planting season in the U.S. farming sector. Despite these top-line challenges, our focus on improving operating margins by optimizing pricing, executing on various cost and productivity initiatives and delivering on our Distribution Segment transformation plan is expected to lead to growth in our adjusted operating margins in 2019.”
The Company expects depreciation and amortization to be approximately $25 million, net interest expense to be approximately $5 million, and the effective tax rate to be approximately 27%. GAAP income per diluted share from continuing operations is now estimated to be in the range of $0.62 to $0.72, which is updated from its previous estimates in the range of $0.70 to $0.80, primarily as a result of a $4 million charge in the second quarter for estimated environmental liabilities. The Company continues to expect adjusted income per diluted share from continuing operations to be in the range of $0.75 to $0.85, based on a fully diluted share count of 36 million shares. Capital expenditures are anticipated to be approximately $10 million.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Tuesday, July 30, at 8:30 a.m. ET. The call is anticipated to last approximately one hour and may be accessed by dialing: (US) 833-233-3452 or (Int’l) 647-689-4129. The Conference ID # is 9864717. 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) 800-585-8367 or (Int’l) 416-621-4642. The Conference ID # is 9864717.

Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted income per diluted share from continuing operations, operating income as adjusted, income from continuing operations as adjusted, EBITDA as adjusted, adjusted operating income, adjusted EBITDA, 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 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 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”, “outlook”, “target”, “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; operational problems at our manufacturing facilities, or unexpected failures at those 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, 2019	 	 	June 30, 2018	 	  	June 30, 2019	 	 	June 30, 2018	 	
Net sales	  	$	134,285	 	 	$	140,560	 	  	$	273,400	 	 	$	293,128	 	
Cost of sales	  	 	87,349	 	 	 	92,569	 	  	 	180,905	 	 	 	198,022	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Gross profit	  	 	46,936	 	 	 	47,991	 	  	 	92,495	 	 	 	95,106	 	
Selling, general and administrative expenses	  	 	36,809	 	 	 	34,506	 	  	 	71,277	 	 	 	69,979	 	
(Gain) loss on disposal of fixed assets	  	 	(55	) 	 	 	66	 	  	 	(98	) 	 	 	(314	) 	
Impairment charges	  	 	—  	 	 	 	308	 	  	 	916	 	 	 	308	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Operating income	  	 	10,182	 	 	 	13,111	 	  	 	20,400	 	 	 	25,133	 	
Interest expense, net	  	 	1,017	 	 	 	1,313	 	  	 	2,066	 	 	 	2,952	 	
Income from continuing operations before income taxes	  	 	9,165	 	 	 	11,798	 	  	 	18,334	 	 	 	22,181	 	
Income tax expense	  	 	2,559	 	 	 	3,190	 	  	 	5,085	 	 	 	5,818	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	6,606	 	 	 	8,608	 	  	 	13,249	 	 	 	16,363	 	
Income (loss) from discontinued operations, net of income tax	  	 	—  	 	 	 	—  	 	  	 	127	 	 	 	(911	) 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Net income	  	$	6,606	 	 	$	8,608	 	  	$	13,376	 	 	$	15,452	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income per common share from continuing operations:	  				 				  				 				
Basic	  	$	0.19	 	 	$	0.26	 	  	$	0.37	 	 	$	0.52	 	
Diluted	  	$	0.18	 	 	$	0.26	 	  	$	0.37	 	 	$	0.51	 	
Income (loss) per common share from discontinued operations:	  				 				  				 				
Basic	  	$	—  	 	 	$	—  	 	  	$	—  	 	 	$	(0.03	) 	
Diluted	  	$	—  	 	 	$	—  	 	  	$	—  	 	 	$	(0.03	) 	
Net income per common share:	  				 				  				 				
Basic	  	$	0.19	 	 	$	0.26	 	  	$	0.37	 	 	$	0.49	 	
Diluted	  	$	0.18	 	 	$	0.26	 	  	$	0.37	 	 	$	0.48	 	
Weighted average common shares outstanding:	  				 				  				 				
Basic	  	 	35,471,795	 	 	 	32,606,838	 	  	 	35,430,392	 	 	 	31,561,194	 	
Diluted	  	 	35,743,563	 	 	 	33,084,540	 	  	 	35,753,054	 	 	 	32,081,350	 	

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

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
 	  	2019	 	 	2018	 	 	% Change	 	 	2019	 	 	2018	 	 	% Change	 	
Net sales	  				 				 				 				 				 				
Material Handling	  	$	95,902	 	 	$	103,130	 	 	 	(7.0	)% 	 	$	198,853	 	 	$	219,939	 	 	 	(9.6	)% 	
Distribution	  	 	38,395	 	 	 	37,477	 	 	 	2.4	% 	 	 	74,569	 	 	 	73,258	 	 	 	1.8	% 	
Inter-company Sales	  	 	(12	) 	 	 	(47	) 	 	 	—  	 	 	 	(22	) 	 	 	(69	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	134,285	 	 	$	140,560	 	 	 	(4.5	)% 	 	$	273,400	 	 	$	293,128	 	 	 	(6.7	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  				 				 				 				 				 				
Material Handling	  	$	17,589	 	 	$	17,323	 	 	 	1.5	% 	 	$	33,796	 	 	$	34,053	 	 	 	(0.8	)% 	
Distribution	  	 	3,328	 	 	 	2,786	 	 	 	19.5	% 	 	 	3,541	 	 	 	4,524	 	 	 	(21.7	)% 	
Corporate	  	 	(10,735	) 	 	 	(6,998	) 	 	 	—  	 	 	 	(16,937	) 	 	 	(13,444	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	10,182	 	 	$	13,111	 	 	 	(22.3	)% 	 	$	20,400	 	 	$	25,133	 	 	 	(18.8	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  				 				 				 				 				 				
Material Handling	  	$	17,589	 	 	$	17,285	 	 	 	1.8	% 	 	$	34,884	 	 	$	34,157	 	 	 	2.1	% 	
Distribution	  	 	3,328	 	 	 	2,786	 	 	 	19.5	% 	 	 	4,442	 	 	 	3,859	 	 	 	15.1	% 	
Corporate	  	 	(6,735	) 	 	 	(6,690	) 	 	 	—  	 	 	 	(12,937	) 	 	 	(13,136	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	14,182	 	 	$	13,381	 	 	 	6.0	% 	 	$	26,389	 	 	$	24,880	 	 	 	6.1	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	18.3	% 	 	 	16.8	% 	 				 	 	17.5	% 	 	 	15.5	% 	 				
Distribution	  	 	8.7	% 	 	 	7.4	% 	 				 	 	6.0	% 	 	 	5.3	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	10.6	% 	 	 	9.5	% 	 				 	 	9.7	% 	 	 	8.5	% 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
EBITDA as adjusted	  				 				 				 				 				 				
Material Handling	  	$	23,177	 	 	$	23,407	 	 	 	(1.0	)% 	 	$	45,997	 	 	$	46,391	 	 	 	(0.8	)% 	
Distribution	  	 	3,591	 	 	 	3,087	 	 	 	16.3	% 	 	 	4,967	 	 	 	4,469	 	 	 	11.1	% 	
Corporate	  	 	(6,623	) 	 	 	(6,563	) 	 	 	—  	 	 	 	(12,715	) 	 	 	(12,882	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	20,145	 	 	$	19,931	 	 	 	1.1	% 	 	$	38,249	 	 	$	37,978	 	 	 	0.7	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	24.2	% 	 	 	22.7	% 	 				 	 	23.1	% 	 	 	21.1	% 	 				
Distribution	  	 	9.4	% 	 	 	8.2	% 	 				 	 	6.7	% 	 	 	6.1	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	15.0	% 	 	 	14.2	% 	 				 	 	14.0	% 	 	 	13.0	% 	 				

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

 	  	June 30, 2019	 	  	December 31, 2018	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	75,205	 	  	$	58,894	 	
Accounts receivable, net	  	 	73,120	 	  	 	72,939	 	
Income tax receivable	  	 	—  	 	  	 	4,892	 	
Inventories	  	 	42,341	 	  	 	43,596	 	
Prepaid expenses and other current assets	  	 	4,600	 	  	 	2,534	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	195,266	 	  	 	182,855	 	
Property, plant, & equipment, net	  	 	57,216	 	  	 	65,460	 	
Right of use asset - operating leases	  	 	5,983	 	  	 	—  	 	
Deferred income taxes	  	 	6,490	 	  	 	5,270	 	
Other assets	  	 	88,041	 	  	 	95,060	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	352,996	 	  	$	348,645	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	52,827	 	  	$	60,849	 	
Accrued expenses	  	 	31,738	 	  	 	36,574	 	
Operating lease liability - short-term	  	 	2,000	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	86,565	 	  	 	97,423	 	
Long-term debt	  	 	76,983	 	  	 	76,790	 	
Operating lease liability - long-term	  	 	4,225	 	  	 	—  	 	
Other liabilities	  	 	22,813	 	  	 	19,794	 	
Total Shareholders’ Equity	  	 	162,410	 	  	 	154,638	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	352,996	 	  	$	348,645	 	

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

 	  	Six Months Ended June 30,	 	
 	  	2019	 	 	2018	 	
Cash Flows From Operating Activities	  				 				
Net income	  	$	13,376	 	 	$	15,452	 	
Income (loss) from discontinued operations, net of income taxes	  	 	127	 	 	 	(911	) 	
	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	13,249	 	 	 	16,363	 	
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	8,051	 	 	 	9,042	 	
Amortization	  	 	4,046	 	 	 	4,315	 	
Accelerated depreciation associated with restructuring activities	  	 	—  	 	 	 	16	 	
Non-cash stock-based compensation expense	  	 	2,220	 	 	 	2,305	 	
(Gain) loss on disposal of fixed assets	  	 	(98	) 	 	 	(314	) 	
Impairment charges	  	 	916	 	 	 	308	 	
Other	  	 	340	 	 	 	(215	) 	
Payments on performance based compensation	  	 	(413	) 	 	 	(1,249	) 	
Other long-term liabilities	  	 	3,514	 	 	 	(63	) 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	(56	) 	 	 	9,106	 	
Inventories	  	 	1,450	 	 	 	(2,454	) 	
Prepaid expenses and other current assets	  	 	(2,041	) 	 	 	(1,807	) 	
Accounts payable and accrued expenses	  	 	(15,005	) 	 	 	(8,130	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	16,173	 	 	 	27,223	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	7,297	 	 	 	981	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	23,470	 	 	 	28,204	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(4,406	) 	 	 	(2,318	) 	
Proceeds from sale of property, plant and equipment	  	 	7,514	 	 	 	2,633	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	3,108	 	 	 	315	 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	3,108	 	 	 	315	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net borrowing (repayments) on credit facility	  	 	—  	 	 	 	(72,491	) 	
Cash dividends paid	  	 	(9,733	) 	 	 	(8,287	) 	
Proceeds from issuance of common stock	  	 	365	 	 	 	875	 	
Proceeds from public offering of common stock, net of equity issuance costs	  	 	—  	 	 	 	79,522	 	
Shares withheld for employee taxes on equity awards	  	 	(978	) 	 	 	(371	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(10,346	) 	 	 	(752	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(10,346	) 	 	 	(752	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	79	 	 	 	(6	) 	
	  	 	 	 	 	 	 	 	
Net increase in cash and restricted cash	  	 	16,311	 	 	 	27,761	 	
Cash and restricted cash at January 1	  	 	58,894	 	 	 	11,179	 	
	  	 	 	 	 	 	 	 	
Cash and restricted cash at June 30	  	$	75,205	 	 	$	38,940	 	

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

 	  	Quarter Ended June 30, 2019	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate &
Other	 	 	Total	 	
GAAP Net sales	  	$	95,902	 	 	$	38,395	 	 	$	134,297	 	 	$	(12	) 	 	$	134,285	 	
GAAP Gross profit	  				 				 	 	46,936	 	 	 	—  	 	 	 	46,936	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	46,936	 	 	 	—  	 	 	 	46,936	 	
Gross profit margin as adjusted	  				 				 	 	34.9	% 	 	 	n/a	 	 	 	35.0	% 	
						
GAAP Operating income (loss)	  	 	17,589	 	 	 	3,328	 	 	 	20,917	 	 	 	(10,735	) 	 	 	10,182	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,000	 	 	 	4,000	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	17,589	 	 	 	3,328	 	 	 	20,917	 	 	 	(6,735	) 	 	 	14,182	 	
Operating income margin as adjusted	  	 	18.3	% 	 	 	8.7	% 	 	 	15.6	% 	 	 	n/a	 	 	 	10.6	% 	
						
Add: Depreciation and amortization	  	 	5,588	 	 	 	263	 	 	 	5,851	 	 	 	112	 	 	 	5,963	 	
Less: Depreciation adjustments	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	23,177	 	 	$	3,591	 	 	$	26,768	 	 	$	(6,623	) 	 	$	20,145	 	
EBITDA margin as adjusted	  	 	24.2	% 	 	 	9.4	% 	 	 	19.9	% 	 	 	n/a	 	 	 	15.0	% 	
		
 	  	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 (loss)	  	 	17,323	 	 	 	2,786	 	 	 	20,109	 	 	 	(6,998	) 	 	 	13,111	 	
Add: Restructuring expenses and other adjustments (1)	  	 	170	 	 	 	—  	 	 	 	170	 	 	 	—  	 	 	 	170	 	
Add: Asset impairment	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	308	 	 	 	308	 	
Add: Loss (gain) on sale of assets	  	 	(208	) 	 	 	—  	 	 	 	(208	) 	 	 	—  	 	 	 	(208	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) 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 as adjusted	  	 	22.7	% 	 	 	8.2	% 	 	 	18.8	% 	 	 	n/a	 	 	 	14.2	% 	
	
(1)   Includes gross profit adjustments of $170	    	

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

 	  	Six Months Ended June 30, 2019	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	198,853	 	 	$	74,569	 	 	$	273,422	 	 	$	(22	) 	 	$	273,400	 	
						
GAAP Gross profit	  				 				 	 	92,495	 	 	 	—  	 	 	 	92,495	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	172	 	 	 	—  	 	 	 	172	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	92,667	 	 	 	—  	 	 	 	92,667	 	
Gross profit margin as adjusted	  				 				 	 	33.9	% 	 	 	n/a	 	 	 	33.9	% 	
						
GAAP Operating income (loss)	  	 	33,796	 	 	 	3,541	 	 	 	37,337	 	 	 	(16,937	) 	 	 	20,400	 	
Add: Restructuring expenses and other adjustments (1)	  	 	172	 	 	 	901	 	 	 	1,073	 	 	 	—  	 	 	 	1,073	 	
Add: Asset impairment	  	 	916	 	 	 	—  	 	 	 	916	 	 	 	—  	 	 	 	916	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,000	 	 	 	4,000	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	34,884	 	 	 	4,442	 	 	 	39,326	 	 	 	(12,937	) 	 	 	26,389	 	
Operating income margin as adjusted	  	 	17.5	% 	 	 	6.0	% 	 	 	14.4	% 	 	 	n/a	 	 	 	9.7	% 	
						
Add: Depreciation and amortization	  	 	11,157	 	 	 	525	 	 	 	11,682	 	 	 	222	 	 	 	11,904	 	
Less: Depreciation adjustments	  	 	(44	) 	 	 	—  	 	 	 	(44	) 	 	 	—  	 	 	 	(44	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	45,997	 	 	$	4,967	 	 	$	50,964	 	 	$	(12,715	) 	 	$	38,249	 	
EBITDA margin as adjusted	  	 	23.1	% 	 	 	6.7	% 	 	 	18.6	% 	 	 	n/a	 	 	 	14.0	% 	
	
(1)   Includes gross profit adjustments of $172 and SG&A adjustments of $901	    	
		
  	  	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 (loss)	  	 	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	 	
Add: Loss (gain) on sale of assets	  	 	(208	) 	 	 	(665	) 	 	 	(873	) 	 	 	—  	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) 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 as adjusted	  	 	21.1	% 	 	 	6.1	% 	 	 	17.3	% 	 	 	n/a	 	 	 	13.0	% 	
	
(1)   Includes gross profit adjustments of $289 and SG&A adjustments of $23	    	

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,	 	
 	  	2019	 	 	2018	 	 	2019	 	 	2018	 	
GAAP Operating income	  	$	10,182	 	 	$	13,111	 	 	$	20,400	 	 	$	25,133	 	
Add: Restructuring expenses and other adjustments	  	 	—  	 	 	 	170	 	 	 	1,073	 	 	 	312	 	
Add: Asset impairments	  	 	—  	 	 	 	308	 	 	 	916	 	 	 	308	 	
Add: Environmental charges	  	 	4,000	 	 	 	—  	 	 	 	4,000	 	 	 	—  	 	
Add: Loss (gain) on sale of assets	  	 	—  	 	 	 	(208	) 	 	 	—  	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	14,182	 	 	 	13,381	 	 	 	26,389	 	 	 	24,880	 	
Less: Interest expense, net	  	 	(1,017	) 	 	 	(1,313	) 	 	 	(2,066	) 	 	 	(2,952	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	13,165	 	 	 	12,068	 	 	 	24,323	 	 	 	21,928	 	
Less: Income tax expense (1)	  	 	(3,555	) 	 	 	(3,017	) 	 	 	(6,567	) 	 	 	(5,482	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations as adjusted	  	$	9,610	 	 	$	9,051	 	 	$	17,756	 	 	$	16,446	 	
Adjusted earnings per diluted share from continuing operations	  	$	0.27	 	 	$	0.27	 	 	$	0.50	 	 	$	0.51	 	
 
(1)	Income taxes are calculated using the normalized effective tax rate for each year. The rate used in 2019 is 27% and in 2018 was 25%.	

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	 	 	 	 	  	 	 	
 	  	June 30, 2019	 	 	 	 	  	June 30, 2018	 	 	 	 	  	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	16,173	 	 				  	$	27,223	 	 				  				
Capital expenditures	  	 	(4,406	) 	 				  	 	(2,318	) 	 				  				
	  	 	 	 	 				  	 	 	 	 				  				
Free cash flow	  	$	11,767	 	 				  	$	24,905	 	 				  				

 	  	YTD	 	 	 	 	  	YTD	 	 	 	 	  	Quarter	 	
 	  	June 30, 2019	 	 	 	 	  	March 31, 2019	 	 	 	 	  	June 30, 2019	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	16,173	 	 	 	-	 	  	$	5,301	 	 	 	=	 	  	$	10,872	 	
Capital expenditures	  	 	(4,406	) 	 	 	-	 	  	 	(2,933	) 	 	 	=	 	  	 	(1,473	) 	
	  	 	 	 	 				  	 	 	 	 				  	 	 	 	
Free cash flow	  	$	11,767	 	 	 	-	 	  	$	2,368	 	 	 	=	 	  	$	9,399	 	

 	  	YTD	 	 	 	 	  	YTD	 	 	 	 	  	Quarter	 	
 	  	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 2019 Earnings Presentation 21 54 91 142 184 230 56 67 73 Font Color Exhibit 99.2

Safe Harbor Statement & Non-GAAP Measures Statements in this presentation 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”, “outlook”, “target”, “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; operational problems at our manufacturing facilities, or unexpected failures at those 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. 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. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures are available in the appendix of this presentation.

2019 Q2 Overview Challenges Achievements Distribution Segment transformation plan on track Sales increased year-over-year for third consecutive quarter Adjusted EBITDA increased 16% High-single-digit sales growth in Food & Beverage end market New business wins with food processing customers during Q2 Low-single-digit sales growth in Industrial end market Adjusted gross profit margin expanded to 35% as a result of: Favorable price-cost margin Adjusted operating income increased by 6%, despite a 4.5% decline in net sales Generated free cash flow of $9.4M Softer than anticipated demand in consumer end market Point of sale transactions declined at retailers Wet weather conditions impacted spring lawn and garden season Sales to RV customers continue to decline Consolidating manufacturing operations; closing Michigan plant and expanding operations at Indiana plant Estimated total costs of $1.1M to be incurred by the first half of 2020 Estimated annual savings of $1.5M beginning in 2020 Focus on market share with current customers Pursuing new customers in new markets Slowing demand from automotive customers Fewer new model launches and redesigns by large customers Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q2 Financial Summary Operating Highlights Net sales down 4.5%, compared to Q2 2018 Material Handling down $7.2M (-7.0%) Distribution up $0.9M (+2.4%) Adj. gross profit margin expanded to 35.0% from 34.3% Favorable price-cost margin offset lower volume and unfavorable sales mix Adj. op income up 6.0% to $14.2M, compared to $13.4M in Q2 2018 Higher gross margin and savings from Distribution Segment transformation plan Adj. EBITDA up 1.1% to $20.1M, compared to $19.9 million in Q2 2018 Adj. EPS of $0.27, flat compared to Q2 2018 GAAP EPS of $0.18 includes a $4M increase in reserves for estimated environmental liabilities related to New Idria Mercury Mine GAAP Financial Highlights Non-GAAP Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q2 Segment Results Material Handling Financial Highlights Distribution Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations. Material Handling Segment Highlights Net sales down 7.0% vs. Q2 2018 Consumer end market down double-digits due to softer than anticipated demand for fuel containers at big box retailers Food & Beverage end market up high-single-digits due to increased sales to food processing customers Vehicle end market down double-digits driven by continued RV market decline and lower sales to automotive customers Industrial end market up low-single-digits due to growth with new and current customers Favorable price-cost margin mostly offset lower sales volume and unfavorable sales mix Distribution Segment Highlights Net sales up 2.4% vs. Q2 2018 Adjusted EBITDA up 16.3% as a result of higher sales volume and savings from transformation initiatives Continue to execute transformation plan with goal to deliver $5 - $7M in annualized benefits in 2020 and 10% EBITDA margin by the end of 2020 Shifting go-to-market strategy to enhance sales effectiveness 80/20 implementation and contribution margin improvement Implementing logistics and overhead efficiency programs

Working Capital as a % of TTM Sales Balance Sheet and Cash Flow Cash Flow ($M) and Cash Flow as % of Sales Total Debt ($M) and Debt to Adj. EBITDA Operating Cash Flow Free Cash Flow (FCF) 4.3% 8.5% 5.9% 9.3% 1.2x Results reflect continuing operations. See appendix for non-GAAP reconciliations. Q2 Highlights Free cash flow generation of $9.4M, compared to $13.3M last year Decrease due primarily to increase in working capital Total debt-to-adjusted EBITDA ratio 1.2x Working capital up as a percentage of sales Accounts receivable higher due to timing of customer payments Accounts payable lower due to decline in volume with outsourced vendor partners

2018 2019 Operating Framework High-single digits Mid- teens High-single digits Low-single digits Low-to-mid- single digits Expecting decline from unusually high demand in prior year season as well as challenging growing conditions in the current season; anticipating increased sales to food processing customers Softer market demand in Q2 and Q3 anticipated to more than offset growth from new product launch Expect sales to RV customers to continue to decline for the remainder of 2019; anticipate decrease in sales to automotive customers in Q3 and Q4 as a result of fewer new model launches and redesigns by large customers Anticipate increased sales with large industrial distributors Sales expected to increase as a result of strategic initiatives Auto Aftermarket 26% Industrial 25% Sales anticipated to be down low-to-mid-single digits; adjusted operating income expected to grow Adjusted diluted EPS estimated to be $0.75 - $0.85 2019 Fiscal Year Outlook

2019 Guidance Net sales growth:~ Down low-to-mid-single digits D&A: ~ $25M Net interest expense:~ $5M Effective tax rate (normalized):~ 27% Diluted share count:~ 36M Diluted EPS:$0.62 - $0.72 Adjusted diluted EPS: $0.75 - $0.85 Capital expenditures: ~ $10M

Appendix

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

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

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

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

Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA AND DEBT (UNAUDITED) (Dollars in thousands)

Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES WORKING CAPITAL (UNAUDITED) (Dollars in thousands)