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) March 6, 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 March 6, 2018, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the fiscal year and the quarter ended December 31, 2017. 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 March 6, 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) is furnished pursuant to “Item 2.02. Results of Operations and Financial Condition” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 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, unless incorporated by specific reference in such 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	

		
99.1	  	Press Release by the Company regarding earnings results dated March 6, 2018	
		
99.2	  	Earnings Presentation Fourth Quarter and Full Year 2017 by the Company dated March 6, 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.

	 		 	Myers Industries, Inc.	
	 		 	(Registrant)	
				
DATE  March 6, 2018	 		 	By:	 	/s/ R. David Banyard	
	 		 		 	R. David Banyard	
	 		 		 	President and Chief Executive Officer	

Exhibit 99.1

Myers Industries Reports 2017 Fourth-Quarter and Full-Year Results
2017 free cash flow of $43 million, a 102% year-over-year improvement; Company expects growth in 2018
March 6, 2018, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the fourth quarter and year ended December 31, 2017.
Business Highlights
 
 	•	 	Fourth-quarter and full-year 2017 net sales increased 13.6% and 2.4%, respectively; primarily the result of increased demand and market share gains in key niche markets in Material Handling, partially offset by declines in Distribution	
 
 	•	 	GAAP income per diluted share from continuing operations was $0.06 for the fourth quarter and $0.35 for the full year, compared to a loss of $0.03 and income of $0.38, respectively for the fourth quarter and full year 2016; adjusted income per diluted share from continuing operations was $0.09 for the fourth quarter and $0.51 for the full year, compared to $0.01 and $0.48, respectively for the fourth quarter and full year 2016	
 
 	•	 	Reduced debt by $38.5 million compared to prior year; decreased net-debt-to-adjusted EBITDA ratio to 2.5x	
 
 	•	 	Working capital reduction of $10 million and disciplined capital spending resulted in $43 million in free cash flow for 2017, an increase of 102%	
 
 	•	 	Divested our Brazil operations which were non-strategic and generated negative cash flow	
President and Chief Executive Officer Dave Banyard commented, “We are excited about the pace of our strategic execution and the growth we achieved in the fourth quarter. This past year was transformational for Myers Industries. We focused the enterprise on the key niche markets where we deliver the strongest value. That focus resulted in double-digit revenue growth in our food and beverage and consumer end market products, and high single-digit growth in our vehicle end market. Additionally, we focused our efforts on flexible operations, closing and moving three facilities on time and under budget with no adverse impact on our customers. We accomplished these moves in the face of increased demand, both from external market forces and major weather events as well as from our commercial efforts to gain share. Finally, we delivered on our commitment to generate strong free cash flow throughout the year, demonstrating the power of our strategy and our ability to execute.”

 	  	Quarter Ended December 31,	 	 	Year Ended December 31,	 	
 	  	2017	 	 	2016	 	 	% Increase
(Decrease)	 	 	2017	 	 	2016	 	 	% Increase
(Decrease)	 	
 	  	(Dollars in thousands, except per share data)	 	
Net sales	  	$	140,106	 	 	$	123,289	 	 	 	13.6	% 	 	$	547,043	 	 	$	534,379	 	 	 	2.4	% 	
Gross profit	  	$	38,257	 	 	$	35,300	 	 	 	8.4	% 	 	$	157,453	 	 	$	161,898	 	 	 	(2.7	)% 	
Gross profit margin	  	 	27.3	% 	 	 	28.6	% 	 				 	 	28.8	% 	 	 	30.3	% 	 				
Operating income	  	$	4,003	 	 	$	1,418	 	 	 	182.3	% 	 	$	24,888	 	 	$	27,362	 	 	 	(9.0	)% 	
Income from continuing operations:	  				 				 				 				 				 				
Income (loss)	  	$	1,821	 	 	$	(899	) 	 	 	—  	 	 	$	10,844	 	 	$	11,324	 	 	 	(4.2	)% 	
Income (loss) per diluted share	  	$	0.06	 	 	$	(0.03	) 	 	 	300.0	% 	 	$	0.35	 	 	$	0.38	 	 	 	(7.9	)% 	
							
Operating income as adjusted (1)	  	$	5,642	 	 	$	2,414	 	 	 	133.7	% 	 	$	31,468	 	 	$	31,810	 	 	 	(1.1	)% 	
Income from continuing operations as adjusted (1) :	  				 				 				 				 				 				
Income (loss)	  	$	2,674	 	 	$	182	 	 	 	—  	 	 	$	15,473	 	 	$	14,479	 	 	 	6.9	% 	
Income (loss) per diluted share	  	$	0.09	 	 	$	0.01	 	 	 	—  	 	 	$	0.51	 	 	$	0.48	 	 	 	6.3	% 	
 
(1)	Details regarding the adjusted charges are provided on the Reconciliations of Non-GAAP Financial Measures included in this release.	

Fourth-Quarter 2017 Financial Summary
Fourth-quarter net sales increased $16.8 million or 13.6% (13.0% excluding currency fluctuation) to $140.1 million, compared to the fourth quarter of 2016. The increase in sales was the result of sales growth in the Material Handling Segment, partially offset by sales declines in the Distribution Segment. Gross profit increased $3.0 million to $38.3 million due to increased volume and favorable pricing, partially offset by an unfavorable sales mix, raw material inflation, and operating inefficiencies. Selling, general and administrative expenses of $33.7 million were roughly flat year-over-year. Fourth-quarter GAAP income per diluted share from continuing operations was $0.06, compared to a loss of $0.03 for the fourth quarter of 2016. Adjusted income per diluted share from continuing operations was $0.09, compared to $0.01 for the fourth quarter of 2016.
Net sales in the Material Handling Segment for the fourth quarter of 2017 increased $20.7 million or 25.6% (24.7% excluding currency fluctuation) vs. the fourth quarter of 2016. The increase in net sales was due to increased demand and market share gains in the Company’s food and beverage, consumer and vehicle end markets, partially offset by a decline in net sales in the industrial end market. Segment GAAP operating income was $8.2 million for the fourth quarter of 2017, compared to $4.0 million for the fourth quarter of 2016. Segment adjusted operating income was $8.8 million for the fourth quarter of 2017, compared to $4.8 million for the fourth quarter of 2016. Increased operating income was due to higher sales volume and favorable pricing, partially offset by an unfavorable sales mix, raw material inflation, and operating inefficiencies.
Net sales in the Distribution Segment for the fourth quarter of 2017 decreased $3.8 million or 9.0% vs. the fourth quarter of 2016. The decrease in net sales was due mostly to the planned exit of a low margin product line within the Company’s Patch Rubber business, which contributed $2.7 million of the $3.8 million decline. The Myers Tire Supply business was down 3.1% for the quarter, showing improvement compared to the year-over-year sales performance during the first half of 2017. The segment’s operating income was $1.3 million for the fourth quarter of 2017, compared to $3.0 million for the fourth quarter of 2016. The decrease in operating income was the result of lower sales and higher selling, general and administrative expenses, partially offset by a favorable mix and higher pricing.
Full-Year 2017 Financial Summary
Full-year net sales increased 2.4% (or 2.2% excluding currency fluctuation) to $547.0 million, compared to full-year 2016. The increase in sales was the result of sales growth in the Material Handling Segment, partially offset by a sales decline in the Distribution Segment. Gross profit margin decreased 150 basis points to 28.8%, due mostly to restructuring expenses of $7.4 million. Selling, general and administrative expenses increased 2.2% to $135.5 million primarily as a result of higher compensation costs and professional fees, partially offset by lower depreciation and amortization expenses. GAAP income per diluted share from continuing operations was $0.35, compared to $0.38 for the full year of 2016. Adjusted income per diluted share from continuing operations was $0.51, compared to $0.48 for the full year of 2016.
The Material Handling Segment’s net sales for the full year of 2017 increased 7.5% (or 7.2% excluding currency fluctuation) vs. the full year of 2016. The increase in net sales was due primarily to increased demand and market share gains in the Company’s food and beverage, consumer and vehicle end markets, partially offset by a sales decline in the industrial end market. Segment GAAP operating income was $38.9 million for the full year of 2017, compared to $40.8 million for the full year of 2016. Segment adjusted operating income was $44.1 million for the full year of 2017, compared to $40.9 million for the full year of 2016.
The Distribution Segment’s net sales for the full year of 2017 declined 8.3% compared to the full year of 2016. The decrease in net sales was primarily due to the planned exit of a low margin product line within the Company’s Patch Rubber business and sales declines in the Myers Tire Supply business, primarily during the first half of the year, partially offset by improved pricing. The segment’s operating income was $9.1 million for the full year of 2017, compared to $12.8 million for the full year of 2016.
2018 Outlook
For the fiscal year 2018, the Company anticipates 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 one-time large orders delivered in the second half of 2017, particularly in its consumer end market related to hurricane activity. It also expects capital expenditures to be in the range of $10 to $12 million, net interest expense to be between $7 and $8 million, and depreciation and amortization 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%.
Mr. Banyard concluded, “We enter 2018 with excellent momentum. We have a strong order book coming into Q1 and expect to see the benefits of our operational efforts as we move throughout the year. Additionally, we expect to continue to improve our balance sheet and cash flow, both of which will allow us to invest in organic initiatives and acquisitive growth. We have a pipeline of potential acquisition candidates that we are evaluating and expect to be disciplined concerning price and valuation as we deploy cash toward these higher future growth opportunities. We will also continue to evaluate opportunities to reduce our manufacturing footprint and improve the operational flexibility of our business. These efforts, combined with our commitment to disciplined cash return metrics, should enable us to deliver compelling long-term value to our shareholders.”

Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Tuesday, March 6, 2018 at 10:00 a.m. ET. The call is anticipated to last approximately one hour and may be accessed at: (US) 833-233-3452 or (Int’l) 647-689-4129. The passcode is Conference ID: 2699806. Callers are asked to sign on at least five minutes in advance. A 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 replay passcode is Conference ID: 2699806.
Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted EPS, adjusted income per diluted share from continuing operations, adjusted operating income, 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 U.S. 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
mvinay@myersind.com

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

 	  	For the Quarter Ended	 	 	For the Year Ended	 	
 	  	December 31,
2017	 	 	December 31,
2016	 	 	December 31,
2017	 	 	December 31,
2016	 	
Net sales	  	$	140,106	 	 	$	123,289	 	 	$	547,043	 	 	$	534,379	 	
Cost of sales	  	 	101,849	 	 	 	87,989	 	 	 	389,590	 	 	 	372,481	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit	  	 	38,257	 	 	 	35,300	 	 	 	157,453	 	 	 	161,898	 	
Selling, general and administrative expenses	  	 	33,724	 	 	 	33,639	 	 	 	135,503	 	 	 	132,579	 	
(Gain) loss on disposal of fixed assets	  	 	530	 	 	 	243	 	 	 	(3,482	) 	 	 	628	 	
Impairment charges	  	 	—  	 	 	 	—  	 	 	 	544	 	 	 	1,329	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income	  	 	4,003	 	 	 	1,418	 	 	 	24,888	 	 	 	27,362	 	
Interest expense, net	  	 	1,464	 	 	 	2,122	 	 	 	7,292	 	 	 	8,643	 	
Loss on extinguishment of debt	  	 	1,888	 	 	 	—  	 	 	 	1,888	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	651	 	 	 	(704	) 	 	 	15,708	 	 	 	18,719	 	
Income tax expense (benefit)	  	 	(1,170	) 	 	 	195	 	 	 	4,864	 	 	 	7,395	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	1,821	 	 	 	(899	) 	 	 	10,844	 	 	 	11,324	 	
Income (loss) from discontinued operations, net of income taxes	  	 	(20,074	) 	 	 	(559	) 	 	 	(20,733	) 	 	 	(10,267	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	(18,253	) 	 	$	(1,458	) 	 	$	(9,889	) 	 	$	1,057	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) per common share from continuing operations:	  				 				 				 				
Basic	  	$	0.06	 	 	$	(0.03	) 	 	$	0.36	 	 	$	0.38	 	
Diluted	  	$	0.06	 	 	$	(0.03	) 	 	$	0.35	 	 	$	0.38	 	
Income (loss) per common share from discontinued operations:	  				 				 				 				
Basic	  	$	(0.66	) 	 	$	(0.02	) 	 	$	(0.69	) 	 	$	(0.35	) 	
Diluted	  	$	(0.65	) 	 	$	(0.02	) 	 	$	(0.68	) 	 	$	(0.35	) 	
Net income (loss) per common share:	  				 				 				 				
Basic	  	$	(0.60	) 	 	$	(0.05	) 	 	$	(0.33	) 	 	$	0.03	 	
Diluted	  	$	(0.59	) 	 	$	(0.05	) 	 	$	(0.33	) 	 	$	0.03	 	
Weighted average common shares outstanding:	  				 				 				 				
Basic	  	 	30,423,324	 	 	 	29,961,579	 	 	 	30,222,289	 	 	 	29,750,378	 	
Diluted	  	 	30,851,536	 	 	 	29,961,579	 	 	 	30,562,646	 	 	 	29,967,912	 	

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

 	  	Quarter Ended December 31,	 	 	Year Ended December 31,	 	
 	  	2017	 	 	2016	 	 	% Change	 	 	2017	 	 	2016	 	 	% Change	 	
Net Sales	  				 				 				 				 				 				
Material Handling	  	$	101,613	 	 	$	80,924	 	 	 	25.6	% 	 	$	391,313	 	 	$	363,956	 	 	 	7.5	% 	
Distribution	  	 	38,592	 	 	 	42,413	 	 	 	(9.0	)% 	 	 	156,428	 	 	 	170,660	 	 	 	(8.3	)% 	
Inter-company Sales	  	 	(99	) 	 	 	(48	) 	 	 	—  	 	 	 	(698	) 	 	 	(237	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	140,106	 	 	$	123,289	 	 	 	13.6	% 	 	$	547,043	 	 	$	534,379	 	 	 	2.4	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating Income	  				 				 				 				 				 				
Material Handling	  	$	8,199	 	 	$	3,962	 	 	 	106.9	% 	 	$	38,874	 	 	$	40,776	 	 	 	(4.7	)% 	
Distribution	  	 	1,331	 	 	 	3,031	 	 	 	(56.1	)% 	 	 	9,073	 	 	 	12,834	 	 	 	(29.3	)% 	
Corporate	  	 	(5,527	) 	 	 	(5,575	) 	 	 	—  	 	 	 	(23,059	) 	 	 	(26,248	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	4,003	 	 	$	1,418	 	 	 	182.3	% 	 	$	24,888	 	 	$	27,362	 	 	 	(9.0	)% 	

MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
OPERATING INCOME BY SEGMENT (UNAUDITED)
(Dollars in thousands, except per share data)

 	  	Quarter Ended December 31,	 	 	Year Ended December 31,	 	
 	  	2017	 	 	2016	 	 	2017	 	 	2016	 	
Material Handling	  				 				 				 				
Operating income as reported	  	$	8,199	 	 	$	3,962	 	 	$	38,874	 	 	$	40,776	 	
Asset impairments	  	 	—  	 	 	 	—  	 	 	 	544	 	 	 	1,329	 	
Reduction to contingent liability	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2,335	) 	
(Gain) loss on sale of assets	  	 	141	 	 	 	59	 	 	 	(3,946	) 	 	 	577	 	
Restructuring expenses and other adjustments	  	 	498	 	 	 	751	 	 	 	8,656	 	 	 	525	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	8,838	 	 	 	4,772	 	 	 	44,128	 	 	 	40,872	 	
					
Distribution	  				 				 				 				
Operating income as reported	  	 	1,331	 	 	 	3,031	 	 	 	9,073	 	 	 	12,834	 	
					
Corporate Expense	  				 				 				 				
Corporate expense as reported	  	 	(5,527	) 	 	 	(5,575	) 	 	 	(23,059	) 	 	 	(26,248	) 	
Environmental reserve	  	 	1,000	 	 	 	—  	 	 	 	1,326	 	 	 	2,155	 	
CFO severance related costs	  	 	—  	 	 	 	186	 	 	 	—  	 	 	 	2,197	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate expense as adjusted	  	 	(4,527	) 	 	 	(5,389	) 	 	 	(21,733	) 	 	 	(21,896	) 	
					
Continuing Operations	  				 				 				 				
Operating income as reported	  	 	4,003	 	 	 	1,418	 	 	 	24,888	 	 	 	27,362	 	
Total of all adjustments above	  	 	1,639	 	 	 	996	 	 	 	6,580	 	 	 	4,448	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	5,642	 	 	 	2,414	 	 	 	31,468	 	 	 	31,810	 	
Interest expense, net	  	 	(1,464	) 	 	 	(2,122	) 	 	 	(7,292	) 	 	 	(8,643	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) before taxes as adjusted	  	 	4,178	 	 	 	292	 	 	 	24,176	 	 	 	23,167	 	
Income tax expense*	  	 	(1,504	) 	 	 	(110	) 	 	 	(8,703	) 	 	 	(8,688	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations as adjusted	  	$	2,674	 	 	$	182	 	 	$	15,473	 	 	$	14,479	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted earnings (loss) per diluted share from continuing operations	  	$	0.09	 	 	$	0.01	 	 	$	0.51	 	 	$	0.48	 	
 
*	Income taxes are calculated using the normalized effective tax rate for each year. The normalized rate used in 2017 was 36% and in 2016 was 37.5%.	
Note on Reconciliation of Income and Earnings Data: Income from continuing operations as adjusted and adjusted earnings per diluted share from continuing operations are non-GAAP financial measures that Myers Industries, Inc. calculates according to the schedule above, using GAAP amounts from the unaudited Consolidated Financial Statements. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that income (loss) excluding items that are not primarily related to core operating activities is generally viewed as providing useful information regarding a company’s operating profitability. Management uses income (loss) excluding these items as well as other financial measures in connection with its decision-making activities. Income (loss) excluding these items should not be considered in isolation or as a substitute for net income (loss), income (loss) before taxes or other consolidated income data prepared in accordance with GAAP. The Company’s method for calculating income (loss) excluding these items may not be comparable to methods used by other companies.

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

 	  	Year Ended	 	
 	  	December 31, 2017	 	
Income from continuing operations	  	$	10,844	 	
Add: tax expense	  	 	4,864	 	
Add: net interest expense	  	 	7,292	 	
Add: extinguishment of debt	  	 	1,888	 	
Add: depreciation	  	 	21,945	 	
Add: amortization	  	 	8,886	 	
	  	 	 	 	
EBITDA	  	 	55,719	 	
	  	 	 	 	
Add: one-time adjustments (excludes one-time depreciation adjustments of $1,993)	  	 	4,587	 	
	  	 	 	 	
EBITDA as adjusted	  	$	60,306	 	
	  	 	 	 	
Note on Reconciliation of Income and Earnings Data: EBITDA and EBITDA as adjusted are non-GAAP financial measures that Myers Industries, Inc. calculates according to the schedule above, using amounts from the unaudited Reconciliation of Non-GAAP Financial Measures Income (Loss) Before Taxes by Segment and GAAP amounts from the unaudited Condensed Consolidated Statement of Operations. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that EBITDA and EBITDA as adjusted provides useful information regarding a company’s operating profitability. Management uses EBITDA and EBITDA as adjusted as well as other financial measures in connection with its decision-making activities. EBITDA and EBITDA as adjusted should not be considered in isolation or as a substitute for net income (loss), income (loss) before taxes or other consolidated income data prepared in accordance with GAAP. The Company’s method for calculating EBITDA and EBITDA as adjusted may not be comparable to methods used by other companies.

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

 	  	December 31, 2017	 	  	December 31, 2016	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	2,520	 	  	$	2,404	 	
Restricted cash	  	 	8,659	 	  	 	8,635	 	
Accounts receivable, net	  	 	76,650	 	  	 	64,282	 	
Income tax receivable	  	 	12,954	 	  	 	2,208	 	
Inventories	  	 	47,025	 	  	 	44,785	 	
Other	  	 	2,204	 	  	 	4,639	 	
Current assets of discontinued operations	  	 	—  	 	  	 	14,198	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	150,012	 	  	 	141,151	 	
Property, Plant, & Equipment, Net	  	 	83,904	 	  	 	106,266	 	
Other Assets	  	 	122,026	 	  	 	127,758	 	
Noncurrent assets of discontinued operations	  	 	—  	 	  	 	6,509	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	355,942	 	  	$	381,684	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	63,581	 	  	$	47,573	 	
Accrued expenses	  	 	35,072	 	  	 	28,989	 	
Current liabilities of discontinued operations	  	 	—  	 	  	 	2,750	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	98,653	 	  	 	79,312	 	
Long-term debt, net	  	 	151,036	 	  	 	189,522	 	
Other liabilities	  	 	8,236	 	  	 	9,203	 	
Deferred income taxes	  	 	4,265	 	  	 	10,365	 	
Non-current liabilities of discontinued operations	  	 	—  	 	  	 	249	 	
Total Shareholders’ Equity	  	 	93,752	 	  	 	93,033	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	355,942	 	  	$	381,684	 	

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

 	  	Year Ended December 31,	 	
 	  	2017	 	 	2016	 	
Cash Flows From Operating Activities	  				 				
Net income	  	$	(9,889	) 	 	$	1,057	 	
Income (loss) from discontinued operations, net of income taxes	  	 	(20,733	) 	 	 	(10,267	) 	
	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	10,844	 	 	 	11,324	 	
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	19,952	 	 	 	22,049	 	
Amortization	  	 	8,886	 	 	 	9,743	 	
Accelerated depreciation associated with restructuring activities	  	 	1,993	 	 	 	—  	 	
Non-cash stock-based compensation expense	  	 	3,626	 	 	 	3,357	 	
(Gain) loss on disposal of fixed assets	  	 	(3,482	) 	 	 	628	 	
Loss on extinguishment of debt	  	 	1,888	 	 	 	—  	 	
Deferred taxes	  	 	(5,663	) 	 	 	555	 	
Accrued interest income on note receivable	  	 	(1,360	) 	 	 	(1,268	) 	
Impairment charges	  	 	544	 	 	 	1,329	 	
Other	  	 	256	 	 	 	155	 	
Payments on performance based compensation	  	 	(1,010	) 	 	 	(1,794	) 	
Other long-term liabilities	  	 	723	 	 	 	(592	) 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	(6,757	) 	 	 	6,411	 	
Inventories	  	 	(1,876	) 	 	 	8,603	 	
Prepaid expenses and other assets	  	 	2,209	 	 	 	1,047	 	
Accounts payable and accrued expenses	  	 	18,299	 	 	 	(27,594	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	49,072	 	 	 	33,953	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	(4,633	) 	 	 	(232	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	44,439	 	 	 	33,721	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(5,814	) 	 	 	(12,489	) 	
Proceeds from sale of property, plant and equipment	  	 	11,058	 	 	 	450	 	
Proceeds (payments) related to sale of business	  	 	—  	 	 	 	(4,034	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	5,244	 	 	 	(16,073	) 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	(1,107	) 	 	 	(16	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	4,137	 	 	 	(16,089	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net borrowing (repayments) on credit facility	  	 	(16,474	) 	 	 	(3,804	) 	
Repayments of senior unsecured notes	  	 	(23,798	) 	 	 	—  	 	
Cash dividends paid	  	 	(16,341	) 	 	 	(16,221	) 	
Proceeds from issuance of common stock	  	 	4,527	 	 	 	3,374	 	
Excess tax benefit from stock-based compensation	  	 	—  	 	 	 	64	 	
Repurchase of common stock	  	 	—  	 	 	 	—  	 	
Shares withheld for employee taxes on equity awards	  	 	(620	) 	 	 	(1,166	) 	
Deferred financing costs	  	 	(1,030	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(53,736	) 	 	 	(17,753	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(53,736	) 	 	 	(17,753	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	(208	) 	 	 	665	 	
Less: Net increase (decrease) in cash classified within discontinued operations	  	 	(5,484	) 	 	 	493	 	
	  	 	 	 	 	 	 	 	
Net increase (decrease) in cash	  	 	116	 	 	 	51	 	
Cash at January 1	  	 	2,404	 	 	 	2,353	 	
	  	 	 	 	 	 	 	 	
Cash at December 31	  	$	2,520	 	 	$	2,404	 	

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

 	  	For the twelve months ended	 	
 	  	December 31, 2017	 	 	December 31, 2016	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	49,072	 	 	$	33,953	 	
Capital expenditures	  	 	(5,814	) 	 	 	(12,489	) 	
	  	 	 	 	 	 	 	 	
Free cash flow	  	$	43,258	 	 	$	21,464	 	
Note on Reconciliations of Cash Flow Data: Free cash flow is a non-GAAP financial measure that Myers Industries, Inc. calculates according to the schedules above using GAAP amounts from the unaudited Condensed Consolidated Statement of Cash Flows. The Company uses free cash flow as well as other financial measures in connection with its decision-making activities. The Company’s method for calculating free cash flow may not be comparable to methods used by other companies.

March 6, 2018 – Fourth-Quarter & Full-Year Earnings Presentation MYERS INDUSTRIES, INC. Exhibit 99.2

Safe Harbor Statement 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: 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 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. Statements in this presentation speak only as of the date made.

Agenda 2017 Year-In-Review Financial Results Balance Sheet & Cash Flow 2018 Outlook 2018 Key Assumptions Appendix

2017 Year-In-Review Challenges Achievements Distribution showing progress, but at a slow rate Myers Tire Supply sales declined 6% year-over-year; sales in 2H 2017 improved sequentially vs. 1H 2017 Myers Tires Supply 2H 2017 profitability negatively impacted by investments in SG&A Patch Rubber sales declined double digits due to the planned exit of a low margin product line New leader in place Material Handling not yet realizing full restructuring benefits Additional costs incurred due to higher than anticipated volumes in Q4 Mitigating raw material cost increases through pricing actions Generated $43M in free cash flow, an increase of 102% Strong commercial execution in three key niche markets Double-digit year-over-year sales growth in Consumer and Food & Beverage due to increased demand and share gains High single-digit sales growth year-over-year in Vehicle due to share gains and positive momentum in the RV market Operational improvements furthered our progress towards an asset-light business model Closed two manufacturing facilities and relocated fuel can production on time and on budget Decreased working capital by $10M despite higher sales volume Divested our Brazil operations which were non-strategic and generated negative cash flow Reduced debt by $38.5M, decreasing net-debt-to-adjusted EBITDA ratio to 2.5x Established a robust acquisition pipeline, giving us the ability to deploy future cash flow towards higher growth

Q4 Financial Summary – GAAP % Sales 24.1% 27.3% % Sales 27.3% 28.6% % Sales 2.9% 1.1% Operating income increased $2.6M Gross profit higher $3.0M SG&A higher $0.1M Loss on fixed asset disposal $0.3M Net sales increased 13.6% Material Handling up $20.7M (26%) due to growth in key niche markets, partially offset by declines in the industrial end market Distribution down $3.8M (9%) mostly due to the planned exit of low margin product line at the Patch business, which contributed $2.7M Gross profit increased $3.0M Increased volume and price, partially offset by unfavorable mix and operating inefficiencies Benefits from pricing actions mostly offset raw material cost increases Reflects results from continuing operations; In $millions except per-share figures SG&A increased $0.1M Lower healthcare costs Lower depreciation and amortization expenses Higher variable selling expenses and recruiting fees

Q4 Financial Summary – Adjusted (Non-GAAP) % Sales 23.3% 26.5% % Sales 27.6% 28.6% % Sales 4.0% 2.0% Adj. operating income increased $3.2M Higher gross profit $3.4M Lower SG&A $0.1M Loss on fixed asset disposal $0.3M Net sales increased 13.6% Material Handling up $20.7M (26%) due to growth in niche markets, partially offset by declines in the industrial end market Distribution down $3.8M (9%) mostly due to planned exit of low margin product line at the Patch business, which contributed $2.7M Adj. gross profit increased $3.4M Increased volume and price, partially offset by unfavorable mix and operational inefficiencies Benefits from pricing actions mostly offset raw material cost increases Adj. SG&A declined $0.1M Lower healthcare costs Lower depreciation and amortization expenses Higher variable selling expenses and recruiting fees Reflects results from continuing operations; In $millions except per-share figures

Q4 Segment Results Material Handling Distribution Adjusted $8.8 $4.8 $1.3 $3.0 GAAP Adjusted GAAP Reflects results from continuing operations; In $millions except per-share figures Net sales increased 26% Double-digit sales growth in food and beverage due to higher demand in agriculture and market share gains in food processing Consumer up double-digits due to high demand for fuel cans Sales to the vehicle end market grew mid single-digits driven by continued demand in RV market Sales declined double-digits in the industrial end market due to 80/20 initiatives Net sales declined 9% Planned exit of low margin product line at Patch Rubber business largest contributor to decline Myers Tire Supply sales decreased ~3% year-over-year; volume declines due to open territories and decreased demand in its international business were partially offset by higher pricing New leadership in place Adj. operating income increased $4.0M Higher volume partially offset by unfavorable mix and operating inefficiencies; pricing actions offset raw material cost inflation Restructuring savings offset by higher outsource premiums resulting from increased demand Adj. operating income declined $1.7M Volume decline partially offset by favorable mix and higher pricing Higher compensation costs due to investments in SG&A

2017 Financial Summary – GAAP % Sales 24.8% 24.8% % Sales 28.8% 30.3% % Sales 4.5% 5.1% Operating income declined $2.5M Gross profit lower $4.4M SG&A higher $2.9M Gain on sale of assets $4.1M; lower impairment charges of $0.8M Net sales increased 2.4% Material Handling increased $27.4M (7.5%) due to growth in food and beverage, consumer and vehicle end markets, partially offset by declines in the industrial end market Distribution down $14.2M (8.3%) mostly due to planned exit of low margin product line and volume declines, primarily during 1H 2017 Gross profit declined $4.4M Higher sales volume and favorable sales mix Pricing actions partially offset raw material cost increases Operating inefficiencies partially offset by lower depreciation Restructuring expenses $7.4M Reflects results from continuing operations; In $millions except per-share figures SG&A increased $2.9M Restructuring related expenses $1.0M Higher incentive compensation costs and legal/professional fees Lower health care costs and depreciation and amortization expenses

2017 Financial Summary – Adjusted (Non-GAAP) % Sales 24.3% 24.3% % Sales 30.2% 30.3% % Sales 5.8% 6.0% Adj. operating income declined $0.3M Higher gross profit $3.1M Higher SG&A $2.9M Loss on asset disposals $0.4M Adj. gross profit increased $3.1M Higher sales volume and favorable sales mix Pricing actions partially offset raw material cost increases Operating inefficiencies partially offset by lower depreciation Adj. SG&A increased $2.9M Higher incentive compensation costs and legal/professional fees Lower healthcare costs and depreciation and amortization expenses Reflects results from continuing operations; In $millions except per-share figures Net sales increased 2.4% Material Handling increased $27.4M (7.5%) due to growth in food and beverage, consumer and vehicle end markets, partially offset by declines in the Industrial end market Distribution down $14.2M (8.3%) mostly due to planned exit of low margin product line and volume declines, primarily during 1H 2017

2017 Segment Results Material Handling Distribution Adjusted $44.1 $40.9 $9.1 $12.8 GAAP Adjusted GAAP Reflects results from continuing operations; In $millions except per-share figures Net sales declined 8.3% Planned exit of low margin product line at Patch Rubber business Myers Tire Supply sales decreased ~6% year-over-year Mixed market conditions at beginning of the year Continued volume impact from territory gaps New pricing model driving desired results Adj. operating income increased $3.3M Increased volume, partially offset by unfavorable mix and operating inefficiencies Benefits from pricing actions partially offset raw material cost increases Higher incentive compensation costs and professional/legal fees Adj. operating income declined $3.8M Volume decline, partially offset by higher price and favorable mix Higher compensation costs due to investments in SG&A Net sales increased 7.5% Double-digit sales growth in food and beverage and consumer end markets driven by increased demand and market share gains High single-digit year-over-year growth in the vehicle end market driven by continued demand in the RV market Sales declined high single-digits in the industrial end market

WORKING CAPITAL AS A % OF TTM SALES BALANCE SHEET Balance Sheet & Cash Flow 2017 2016 Cash 2.5 $ 2.4 $ Debt 151.0 189.5 Net Debt 148.5 $ 187.1 $ TTM Adjusted EBITDA 60.3 $ 63.6 $ Net Debt-to-Adj. EBITDA 2.5x 2.9x In $millions 9% Target 7.6% 3.8% 9.5% 10.3% FREE CASH FLOW 2017 2016 Operating Cash from Continuing Operations 49.1 $ 34.0 $ Capital Expenditures (5.8) (12.5) Free Cash Flow 43.3 $ 21.5 $ In $millions 8.1% Reduced debt by $38.5M compared to 2016 Reduced net debt-to-adjusted EBITDA ratio despite lower EBITDA compared to 2016 Working capital as % of TTM sales consistently below target of 9% Capex lower than prior year due to better capacity management Free cash flow increased by $22M (102%) vs. 2016 8.1%

2018 Outlook 2016 2017 Market as a % of Net Sales 2018 Operating Framework Flat 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 offset by 2017 unusual hurricane volume Strong RV market demand expected to continue Industrial volume is expected to be flat as we finalize product simplification and 80/20 initiatives Expecting growth due to an improved sales process and market share gains Forecasting low-to-mid single-digit sales growth in 2018 (constant currency)

Net Sales: Up low-to-mid single-digits Capital expenditures:$10 - $12 million Net interest expense: $7 - $8 million D&A: $26 - $28 million Effective tax rate (normalized):25% 2018 Key Assumptions

Appendix

Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES CONSOLIDATED GROSS PROFIT (UNAUDITED) (Dollars in thousands) Note on Reconciliation of Income and Earnings Data: Gross profit excluding the items above in the text of this presentation and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, Inc. calculates according to the schedule above using GAAP amounts from the unaudited Condensed Consolidated Statement of Operations. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that gross profit excluding items that are not primarily related to core operating activities is generally viewed as providing useful information regarding a company's operating profitability. Management uses gross profit excluding these items as well as other financial measures in connection with its decision-making activities. Gross profit excluding these items should not be considered in isolation or as a substitute for gross profit prepared in accordance with GAAP. The Company's method for calculating gross profit excluding these items may not be comparable to methods used by other companies.  

Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES CONSOLIDATED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED) (Dollars in thousands) Note on Reconciliation of Income and Earnings Data: Selling, general and administrative expenses excluding the items above in the text of this presentation and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, Inc. calculates according to the schedule above using GAAP amounts from the unaudited Condensed Consolidated Statement of Operations. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that selling, general and administrative expenses excluding items that are not primarily related to core operating activities is generally viewed as providing useful information regarding a company's operating profitability. Management uses selling, general and administrative expenses excluding these items as well as other financial measures in connection with its decision-making activities. Selling, general and administrative expenses excluding these items should not be considered in isolation or as a substitute for selling, general and administrative expenses prepared in accordance with GAAP. The Company's method for calculating selling, general and administrative expenses excluding these items may not be comparable to methods used by other companies.  

Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in thousands, except per share data) Note on Reconciliation of Income and Earnings Data: Income (loss) excluding the items above in the text of this presentation and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, Inc. calculates according to the schedule above using GAAP amounts from the unaudited Condensed Consolidated Statement of Operations. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that income (loss) excluding items that are not primarily related to core operating activities is generally viewed as providing useful information regarding a company's operating profitability. Management uses income (loss) excluding these items as well as other financial measures in connection with its decision-making activities. Income (loss) excluding these items should not be considered in isolation or as a substitute for income (loss) prepared in accordance with GAAP. The Company's method for calculating income (loss) excluding these items may not be comparable to methods used by other companies.   *Income taxes are calculated using the normalized effective tax rate for each year. The normalized rates used in 2017 and 2016 were 36% and 37.5%, respectively.

Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES EBITDA AND ADJUSTED EBITDA (UNAUDITED) (Dollars in thousands) Note on Reconciliation of Income and Earnings Data: EBITDA and EBITDA as adjusted are financial measures that Myers Industries, Inc. calculates according to the schedule above using amounts from the unaudited Reconciliation of Non-GAAP Financial Measures Income (Loss) Before Taxes By Segment and GAAP amounts from the unaudited Condensed Consolidated Statement of Operations. The Company believes that EBITDA and EBITDA as adjusted provide useful information regarding a company's operating profitability. Management uses EBITDA and EBITDA as adjusted as well as other financial measures in connection with its decision-making activities. EBITDA and EBITDA as adjusted should not be considered in isolation or as a substitute for net income (loss), income (loss) before taxes or other consolidated income data prepared in accordance with GAAP. The Company's method for calculating EBITDA and EBITDA as adjusted may not be comparable to methods used by other companies.