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): October 29, 2020

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 October 29, 2020, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the quarter ended September 30, 2020. 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 October 29, 2020, 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 October 29, 2020, the Company issued a press release announcing earnings results for the quarter ended September 30, 2020, 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 October 29, 2020 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 October 29, 2020		
			
99.2	  	Second Quarter 2020 Earnings Presentation dated October 29, 2020		
			
104	  	Cover Page Interactive Data File (embedded within the Inline XBRL document)		

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: October 29, 2020

Exhibit 99.1

Myers Industries Reports 2020 Third Quarter Results
Increased demand and focused execution drive sales growth and margin expansion
GAAP EPS of $0.24; Adjusted EPS of $0.30
Company unveils strategic vision aimed at transforming Myers into a high-growth
innovator of engineered plastic solutions
October 29, 2020, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products and distributor for the tire, wheel and under-vehicle service industry, today announced results for the third quarter ended September 30, 2020.
Third Quarter 2020 Financial Highlights
 
 	•	 	GAAP income per diluted share from continuing operations was $0.24, compared with $0.15 for the third quarter of 2019	
 
 	•	 	Adjusted income per diluted share from continuing operations was $0.30, compared with $0.15 for the third quarter of 2019	
 
 	•	 	Net sales were $132.3 million, up 5.4% compared with $125.5 million for the third quarter of 2019	
 
 	•	 	Gross margin increased to 35.6%, compared with 31.5% for the third quarter of 2019	
 
 	•	 	Cash flow from continuing operations was $19.5 million and free cash flow was $16.2 million, compared with $23.3 million and $22.1 million, respectively, for the third quarter of 2019	
“We are very pleased with our performance for the third quarter, which exceeded our expectations and was an improvement over last year. We successfully capitalized on the strong demand in our consumer end market, which was driven in part by an active hurricane season,” said Mike McGaugh, President and Chief Executive Officer of Myers Industries. “Additionally, as a result of continued momentum in our auto aftermarket end market, our Distribution Segment increased sales by 10%, increased adjusted operating income by 41%, and delivered an adjusted EBITDA margin of 12.4%.”
Strategic Vision Unveiled
Myers also announced today the unveiling of a new, multi-phased strategic vision. The current phase, “Horizon 1,” runs through 2023 and is focused on strengthening the Company through organic growth initiatives, commercial and operational excellence, pursuing bolt-on acquisitions in value added plastics molding, and driving a high-performance culture. Executing on this new strategy will transform the Company’s Material Handling Segment into a high-growth, customer centric innovator of engineered plastic solutions, while continuing to optimize and grow its Distribution Segment.
McGaugh continued, “I joined Myers just over six months ago at a critical time when our markets were under pressure and the world was in the early stages of the pandemic. I’m pleased to report that we were able to develop and align on a path forward for the company. I am confident that this plan will advance our ability to accelerate growth, further improve our operations, and deliver continued financial strength and flexibility. Our vision is to transform Myers into a high-growth, customer-centric innovator of engineered plastic solutions. In addition, we are building a ”One Myers” culture and mindset that drive alignment, centralize key functions, and enable the successful execution of our long-term vision.”
Third Quarter 2020 Financial Summary
Net sales for the third quarter of 2020 were $132.3 million, an increase of $6.8 million, or 5.4%, compared with $125.5 million for the third quarter of 2019. The increase was the result of higher sales in both the Material Handling and Distribution Segments. Gross profit increased $7.5 million to $47.1 million, compared with $39.6 million for the third quarter of 2019. Gross profit margin increased to 35.6% compared with 31.5% last year. The increase was due primarily to higher sales volume and favorable price-cost margin. Additionally, third quarter 2019 gross profit included a $3.5 million charge for estimated product replacement costs. Selling, general

and administrative (SG&A) expenses increased to $33.9 million, compared with $31.5 million for the third quarter of 2019, due primarily to executive severance costs and higher incentive compensation costs, partially offset by lower depreciation and amortization expense. GAAP income per diluted share from continuing operations was $0.24, compared with $0.15 for the third quarter of 2019. Adjusted income per diluted share from continuing operations was $0.30, compared with $0.15 for the third quarter of 2019.
Segment Results
Net sales in the Material Handling Segment (consumer, food and beverage, industrial and vehicle end markets) for the third quarter of 2020 were $86.8 million, an increase of $2.7 million or 3.2%, compared with $84.1 million for the third quarter of 2019. The sales increase was due primarily to higher sales volumes in the Company’s consumer end market as a result of heightened storm activity. For the third quarter of 2020, operating income for this segment increased 50.1% to $15.6 million, compared with $10.4 million in 2019. Adjusted operating income increased 58.9% to $16.5 million, compared with $10.4 million in 2019. The increase was due primarily to higher sales volume and favorable price-cost margin. Additionally, third quarter 2019 operating income included a $3.5M charge for estimated product replacement costs. As a result, the Material Handling Segment’s adjusted operating income margin increased to 19.0%, compared with 12.3% for the third quarter of 2019.
Net sales in the Distribution Segment (auto aftermarket end market) for the third quarter of 2020 were $45.5 million, an increase of $4.1 million, or 10.0%, compared with $41.4 million for the third quarter of 2019. Incremental sales from the Tuffy acquisition completed in August 2019 contributed $2.9 million to the increase. Third quarter operating income for this segment increased 50.5% to $5.1 million, compared with $3.4 million in 2019. Adjusted operating income increased 41.3% to $5.1 million, compared with $3.6 million in 2019, primarily due to higher sales volume and cost reductions. The Distribution Segment’s adjusted operating income margin was 11.2%, compared with 8.7% for the third quarter of 2019.
2020 Outlook
The Company has revised its outlook for 2020 revenue. The Company now expects full-year revenue to decline in the low-to-mid single digits, which is a slight improvement from its previous guidance of a decline in the mid-to-high single digit range. The Company does not expect the events that drove sales in the consumer end market to recur in the fourth quarter. The Company is maintaining its previous guidance that depreciation and amortization will be approximately $21 million, net interest expense will be approximately $4 million and capital expenditures will be approximately $15 million. The Company continues to estimate that the effective tax rate will be approximately 26%.
“As we look to the future, we remain committed to successfully managing through these challenging times, while building a company and “One Myers” team that will become stronger and more aligned than ever before,” added McGaugh.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Thursday, October 29, 2020, at 8:30 a.m. EDT. The call is anticipated to last less than one hour and may be accessed using the following online participation registration link: http://www.directeventreg.com/registration/event/3792583. Upon registering, each participant will be provided with call details and a registrant ID that will be used to track call attendance. Reminders will also be sent to registered participants via email. 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 3792583.
Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Operating income (loss) as adjusted, operating income margin as adjusted, earnings before interest, taxes, depreciation and amortization (EBITDA) as adjusted, EBITDA margin as adjusted, income before taxes as adjusted, income from continuing operations as adjusted, adjusted earnings per diluted share from continuing operations, 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 a 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 “will”, “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: impacts from the COVID-19 pandemic on our business, conditions, customers and capital position; the impact of COVID-19 on local, national and global economic conditions; the effects of various governmental responses to the COVID-19 pandemic, 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; impact of the upcoming U.S. elections impacts on the regulatory landscape, capital markets, and responses to and management of the COVID-19 pandemic including further economic stimulus from the federal government; and other important factors detailed previously and from time to time in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q. 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	 	  	Nine Months Ended	 	
 	  	September 30,
2020	 	  	September 30,
2019	 	  	September 30,
2020	 	 	September 30,
2019	 	
Net sales	  	$	132,258	 	  	$	125,480	 	  	$	372,902	 	 	$	398,880	 	
Cost of sales	  	 	85,191	 	  	 	85,894	 	  	 	240,779	 	 	 	266,799	 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Gross profit	  	 	47,067	 	  	 	39,586	 	  	 	132,123	 	 	 	132,081	 	
Selling, general and administrative expenses	  	 	33,927	 	  	 	31,515	 	  	 	95,360	 	 	 	102,792	 	
(Gain) Loss on disposal of fixed assets	  	 	—  	 	  	 	11	 	  	 	(7	) 	 	 	(87	) 	
Impairment charges	  	 	—  	 	  	 	—  	 	  	 	—  	 	 	 	916	 	
Gain on sale of notes receivable	  	 	—  	 	  	 	—  	 	  	 	(11,924	) 	 	 	—  	 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Operating income (loss)	  	 	13,140	 	  	 	8,060	 	  	 	48,694	 	 	 	28,460	 	
Interest expense, net	  	 	1,204	 	  	 	993	 	  	 	3,467	 	 	 	3,059	 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	11,936	 	  	 	7,067	 	  	 	45,227	 	 	 	25,401	 	
Income tax expense (benefit)	  	 	3,251	 	  	 	1,848	 	  	 	11,448	 	 	 	6,933	 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	8,685	 	  	 	5,219	 	  	 	33,779	 	 	 	18,468	 	
Income (loss) from discontinued operations, net of income tax	  	 	—  	 	  	 	—  	 	  	 	—  	 	 	 	127	 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Net income (loss)	  	$	8,685	 	  	$	5,219	 	  	$	33,779	 	 	$	18,595	 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Income (loss) per common share from continuing operations:	  				  				  				 				
Basic	  	$	0.24	 	  	$	0.15	 	  	$	0.94	 	 	$	0.52	 	
Diluted	  	$	0.24	 	  	$	0.15	 	  	$	0.94	 	 	$	0.52	 	
Income (loss) per common share from discontinued operations:	  				  				  				 				
Basic	  	$	—  	 	  	$	—  	 	  	$	—  	 	 	$	—  	 	
Diluted	  	$	—  	 	  	$	—  	 	  	$	—  	 	 	$	—  	 	
Net income (loss) per common share:	  				  				  				 				
Basic	  	$	0.24	 	  	$	0.15	 	  	$	0.94	 	 	$	0.52	 	
Diluted	  	$	0.24	 	  	$	0.15	 	  	$	0.94	 	 	$	0.52	 	
Weighted average common shares outstanding:	  				  				  				 				
Basic	  	 	35,796,247	 	  	 	35,495,157	 	  	 	35,764,822	 	 	 	35,451,980	 	
Diluted	  	 	35,943,129	 	  	 	35,759,032	 	  	 	35,938,186	 	 	 	35,823,231	 	

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

 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
 	  	2020	 	 	2019	 	 	% Change	 	 	2020	 	 	2019	 	 	% Change	 	
Net sales	  				 				 				 				 				 				
Material Handling	  	$	86,769	 	 	$	84,110	 	 	 	3.2	% 	 	$	251,700	 	 	$	282,963	 	 	 	(11.0	)% 	
Distribution	  	 	45,517	 	 	 	41,388	 	 	 	10.0	% 	 	 	121,253	 	 	 	115,957	 	 	 	4.6	% 	
Inter-company Sales	  	 	(28	) 	 	 	(18	) 	 	 	—  	 	 	 	(51	) 	 	 	(40	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	132,258	 	 	$	125,480	 	 	 	5.4	% 	 	$	372,902	 	 	$	398,880	 	 	 	(6.5	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  				 				 				 				 				 				
Material Handling	  	$	15,593	 	 	$	10,385	 	 	 	50.1	% 	 	$	46,556	 	 	$	44,181	 	 	 	5.4	% 	
Distribution	  	 	5,091	 	 	 	3,382	 	 	 	50.5	% 	 	 	8,577	 	 	 	6,923	 	 	 	23.9	% 	
Corporate	  	 	(7,544	) 	 	 	(5,707	) 	 	 	—  	 	 	 	(6,439	) 	 	 	(22,644	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	13,140	 	 	$	8,060	 	 	 	63.0	% 	 	$	48,694	 	 	$	28,460	 	 	 	71.1	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  				 				 				 				 				 				
Material Handling	  	$	16,498	 	 	$	10,385	 	 	 	58.9	% 	 	$	47,461	 	 	$	45,269	 	 	 	4.8	% 	
Distribution	  	 	5,091	 	 	 	3,603	 	 	 	41.3	% 	 	 	8,594	 	 	 	8,045	 	 	 	6.8	% 	
Corporate	  	 	(6,032	) 	 	 	(5,472	) 	 	 	—  	 	 	 	(16,567	) 	 	 	(18,409	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	15,557	 	 	$	8,516	 	 	 	82.7	% 	 	$	39,488	 	 	$	34,905	 	 	 	13.1	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	19.0	% 	 	 	12.3	% 	 				 	 	18.9	% 	 	 	16.0	% 	 				
Distribution	  	 	11.2	% 	 	 	8.7	% 	 				 	 	7.1	% 	 	 	6.9	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	11.8	% 	 	 	6.8	% 	 				 	 	10.6	% 	 	 	8.8	% 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
EBITDA as adjusted	  				 				 				 				 				 				
Material Handling	  	$	19,888	 	 	$	15,444	 	 	 	28.8	% 	 	$	61,011	 	 	$	61,441	 	 	 	(0.7	)% 	
Distribution	  	 	5,647	 	 	 	3,952	 	 	 	42.9	% 	 	 	10,354	 	 	 	8,919	 	 	 	16.1	% 	
Corporate	  	 	(5,933	) 	 	 	(5,385	) 	 	 	—  	 	 	 	(16,270	) 	 	 	(18,100	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	19,602	 	 	$	14,011	 	 	 	39.9	% 	 	$	55,095	 	 	$	52,260	 	 	 	5.4	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	22.9	% 	 	 	18.4	% 	 				 	 	24.2	% 	 	 	21.7	% 	 				
Distribution	  	 	12.4	% 	 	 	9.5	% 	 				 	 	8.5	% 	 	 	7.7	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	14.8	% 	 	 	11.2	% 	 				 	 	14.8	% 	 	 	13.1	% 	 				

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

 	  	Quarter Ended September 30, 2020	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	86,769	 	 	$	45,517	 	 	$	132,286	 	 	$	(28	) 	 	$	132,258	 	
GAAP Gross profit	  				 				 	 	47,067	 	 	 	—  	 	 	 	47,067	 	
Gross profit margin	  				 				 	 	35.6	% 	 	 	n/a	 	 	 	35.6	% 	
GAAP Operating income (loss)	  	 	15,593	 	 	 	5,091	 	 	 	20,684	 	 	 	(7,544	) 	 	 	13,140	 	
Add: Severance costs	  	 	905	 	 	 	—  	 	 	 	905	 	 	 	1,512	 	 	 	2,417	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	16,498	 	 	 	5,091	 	 	 	21,589	 	 	 	(6,032	) 	 	 	15,557	 	
Operating income margin as adjusted	  	 	19.0	% 	 	 	11.2	% 	 	 	16.3	% 	 	 	n/a	 	 	 	11.8	% 	
Add: Depreciation and amortization	  	 	3,390	 	 	 	556	 	 	 	3,946	 	 	 	99	 	 	 	4,045	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	19,888	 	 	$	5,647	 	 	$	25,535	 	 	$	(5,933	) 	 	$	19,602	 	
EBITDA margin as adjusted	  	 	22.9	% 	 	 	12.4	% 	 	 	19.3	% 	 	 	n/a	 	 	 	14.8	% 	
		
 	  	Quarter Ended September 30, 2019	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	84,110	 	 	$	41,388	 	 	$	125,498	 	 	$	(18	) 	 	$	125,480	 	
GAAP Gross profit	  				 				 	 	39,586	 	 	 	—  	 	 	 	39,586	 	
Gross profit margin	  				 				 	 	31.5	% 	 	 	n/a	 	 	 	31.5	% 	
GAAP Operating income (loss)	  	 	10,385	 	 	 	3,382	 	 	 	13,767	 	 	 	(5,707	) 	 	 	8,060	 	
Less: Restructuring expenses and other adjustments	  	 	—  	 	 	 	(36	) 	 	 	(36	) 	 	 	—  	 	 	 	(36	) 	
Add: Tuffy acquisition costs	  	 	—  	 	 	 	257	 	 	 	257	 	 	 	235	 	 	 	492	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	10,385	 	 	 	3,603	 	 	 	13,988	 	 	 	(5,472	) 	 	 	8,516	 	
Operating income margin as adjusted	  	 	12.3	% 	 	 	8.7	% 	 	 	11.1	% 	 	 	n/a	 	 	 	6.8	% 	
Add: Depreciation and amortization	  	 	5,059	 	 	 	349	 	 	 	5,408	 	 	 	87	 	 	 	5,495	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	15,444	 	 	$	3,952	 	 	$	19,396	 	 	$	(5,385	) 	 	$	14,011	 	
EBITDA margin as adjusted	  	 	18.4	% 	 	 	9.5	% 	 	 	15.5	% 	 	 	n/a	 	 	 	11.2	% 	

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

 	  	Nine Months Ended September 30, 2020	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	251,700	 	 	$	121,253	 	 	$	372,953	 	 	$	(51	) 	 	$	372,902	 	
GAAP Gross profit	  				 				 	 	132,123	 	 	 	—  	 	 	 	132,123	 	
Gross profit margin	  				 				 	 	35.4	% 	 	 	n/a	 	 	 	35.4	% 	
GAAP Operating income (loss)	  	 	46,556	 	 	 	8,577	 	 	 	55,133	 	 	 	(6,439	) 	 	 	48,694	 	
Add: Severance costs	  	 	905	 	 	 	—  	 	 	 	905	 	 	 	1,512	 	 	 	2,417	 	
Add: Restructuring expenses and other adjustments	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	249	 	 	 	249	 	
Add: Tuffy acquisition costs	  	 	—  	 	 	 	17	 	 	 	17	 	 	 	35	 	 	 	52	 	
Less: Lawn and Garden sale of note/release of lease guarantee liability	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(11,924	) 	 	 	(11,924	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	
Operating income (loss) as adjusted	  	 	47,461	 	 	 	8,594	 	 	 	56,055	 	 	 	(16,567	) 	 	 	39,488	 	
Operating income margin as adjusted	  	 	18.9	% 	 	 	7.1	% 	 	 	15.0	% 	 	 	n/a	 	 	 	10.6	% 	
Add: Depreciation and amortization	  	 	13,550	 	 	 	1,760	 	 	 	15,310	 	 	 	297	 	 	 	15,607	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	
EBITDA as adjusted	  	$	61,011	 	 	$	10,354	 	 	$	71,365	 	 	$	(16,270	) 	 	$	55,095	 	
EBITDA margin as adjusted	  	 	24.2	% 	 	 	8.5	% 	 	 	19.1	% 	 	 	n/a	 	 	 	14.8	% 	
		
 	  	Nine Months Ended September 30, 2019	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	282,963	 	 	$	115,957	 	 	$	398,920	 	 	$	(40	) 	 	$	398,880	 	
GAAP Gross profit	  				 				 	 	132,081	 	 	 	—  	 	 	 	132,081	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	172	 	 	 	—  	 	 	 	172	 	
	  				 				 	 	 	 	 				 	 	 	 	
Gross profit as adjusted	  				 				 	 	132,253	 	 	 	—  	 	 	 	132,253	 	
Gross profit margin as adjusted	  				 				 	 	33.2	% 	 	 	n/a	 	 	 	33.2	% 	
GAAP Operating income (loss)	  	 	44,181	 	 	 	6,923	 	 	 	51,104	 	 	 	(22,644	) 	 	 	28,460	 	
Add: Restructuring expenses and other adjustments(1)	  	 	172	 	 	 	865	 	 	 	1,037	 	 	 	—  	 	 	 	1,037	 	
Add: Tuffy acquisition costs	  	 	—  	 	 	 	257	 	 	 	257	 	 	 	235	 	 	 	492	 	
Add: Asset impairment	  	 	916	 	 	 	—  	 	 	 	916	 	 	 	—  	 	 	 	916	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,000	 	 	 	4,000	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	
Operating income (loss) as adjusted	  	 	45,269	 	 	 	8,045	 	 	 	53,314	 	 	 	(18,409	) 	 	 	34,905	 	
Operating income margin as adjusted	  	 	16.0	% 	 	 	6.9	% 	 	 	13.4	% 	 	 	n/a	 	 	 	8.8	% 	
Add: Depreciation and amortization	  	 	16,216	 	 	 	874	 	 	 	17,090	 	 	 	309	 	 	 	17,399	 	
Less: Depreciation adjustments	  	 	(44	) 	 	 	—  	 	 	 	(44	) 	 	 	—  	 	 	 	(44	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	
EBITDA as adjusted	  	$	61,441	 	 	$	8,919	 	 	$	70,360	 	 	$	(18,100	) 	 	$	52,260	 	
EBITDA margin as adjusted	  	 	21.7	% 	 	 	7.7	% 	 	 	17.6	% 	 	 	n/a	 	 	 	13.1	% 	
 
(1)	Includes gross profit adjustments of $172 and SG&A adjustments of $865	

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
September 30,	 	 	Nine Months Ended
September 30,	 	
 	  	2020	 	 	2019	 	 	2020	 	 	2019	 	
GAAP Operating income (loss)	  	$	13,140	 	 	$	8,060	 	 	$	48,694	 	 	$	28,460	 	
Add: Severance costs	  	 	2,417	 	 	 	—  	 	 	 	2,417	 	 	 	—  	 	
Add: Restructuring expenses and other adjustments	  	 	—  	 	 	 	(36	) 	 	 	249	 	 	 	1,037	 	
Add: Tuffy acquisition costs	  	 	—  	 	 	 	492	 	 	 	52	 	 	 	492	 	
Less: Lawn and Garden sale of note/release of lease guarantee liability	  	 	—  	 	 	 	—  	 	 	 	(11,924	) 	 	 	—  	 	
Add: Asset impairment	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	916	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,000	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	15,557	 	 	 	8,516	 	 	 	39,488	 	 	 	34,905	 	
Less: Interest expense, net	  	 	(1,204	) 	 	 	(993	) 	 	 	(3,467	) 	 	 	(3,059	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	14,353	 	 	 	7,523	 	 	 	36,021	 	 	 	31,846	 	
Less: Income tax expense(1)	  	 	(3,732	) 	 	 	(2,031	) 	 	 	(9,365	) 	 	 	(8,598	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations as adjusted	  	$	10,621	 	 	$	5,492	 	 	$	26,656	 	 	$	23,248	 	
Adjusted earnings per diluted share from continuing operations	  	$	0.30	 	 	$	0.15	 	 	$	0.74	 	 	$	0.65	 	
 
(1)	Income taxes are calculated using the normalized effective tax rate for each year. The rate used in 2020 is 26% and in 2019 is 27%.	

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

 	  	September 30, 2020	 	  	December 31, 2019	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	83,746	 	  	$	75,527	 	
Accounts receivable, net	  	 	75,539	 	  	 	62,279	 	
Income tax receivable	  	 	—  	 	  	 	142	 	
Inventories, net	  	 	48,137	 	  	 	44,260	 	
Prepaid expenses and other current assets	  	 	4,553	 	  	 	2,834	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	211,975	 	  	 	185,042	 	
Property, plant, & equipment, net	  	 	53,945	 	  	 	54,964	 	
Right of use asset - operating leases	  	 	4,935	 	  	 	5,901	 	
Deferred income taxes	  	 	178	 	  	 	5,807	 	
Other assets	  	 	95,350	 	  	 	101,425	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	366,383	 	  	$	353,139	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	47,562	 	  	$	46,867	 	
Accrued expenses	  	 	35,663	 	  	 	33,701	 	
Operating lease liability - short-term	  	 	1,786	 	  	 	2,057	 	
Long-term debt - current portion	  	 	39,975	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	124,986	 	  	 	82,625	 	
Long-term debt	  	 	37,501	 	  	 	77,176	 	
Operating lease liability - long-term	  	 	3,365	 	  	 	4,074	 	
Other liabilities	  	 	12,933	 	  	 	22,582	 	
Total Shareholders’ Equity	  	 	187,598	 	  	 	166,682	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	366,383	 	  	$	353,139	 	

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

 	  	Nine Months Ended
September 30,	 	
 	  	2020	 	 	2019	 	
Cash Flows From Operating Activities	  				 				
Net income (loss)	  	$	33,779	 	 	$	18,595	 	
Income (loss) from discontinued operations, net of income taxes	  	 	—  	 	 	 	127	 	
	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	33,779	 	 	 	18,468	 	
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	10,400	 	 	 	11,505	 	
Amortization	  	 	5,507	 	 	 	6,183	 	
Non-cash stock-based compensation expense	  	 	2,763	 	 	 	3,348	 	
Gain on disposal of fixed assets	  	 	(7	) 	 	 	(87	) 	
Gain on sale of notes receivable	  	 	(11,924	) 	 	 	—  	 	
Impairment charges	  	 	—  	 	 	 	916	 	
Other	  	 	844	 	 	 	441	 	
Payments on long-term performance based compensation	  	 	—  	 	 	 	(413	) 	
Other long-term liabilities	  	 	1,538	 	 	 	3,388	 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	(14,266	) 	 	 	9,775	 	
Inventories	  	 	(3,939	) 	 	 	2,386	 	
Prepaid expenses and other current assets	  	 	(1,728	) 	 	 	(877	) 	
Accounts payable and accrued expenses	  	 	8,367	 	 	 	(15,541	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	31,334	 	 	 	39,492	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	—  	 	 	 	7,297	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	31,334	 	 	 	46,789	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(8,955	) 	 	 	(5,669	) 	
Acquisition of business	  	 	(716	) 	 	 	(18,000	) 	
Proceeds from sale of property, plant and equipment	  	 	—  	 	 	 	7,514	 	
Proceeds from sale of notes receivable	  	 	1,200	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	(8,471	) 	 	 	(16,155	) 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	(8,471	) 	 	 	(16,155	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Cash dividends paid	  	 	(14,570	) 	 	 	(14,524	) 	
Proceeds from issuance of common stock	  	 	367	 	 	 	755	 	
Shares withheld for employee taxes on equity awards	  	 	(416	) 	 	 	(985	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(14,619	) 	 	 	(14,754	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(14,619	) 	 	 	(14,754	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	(25	) 	 	 	40	 	
	  	 	 	 	 	 	 	 	
Net increase in cash	  	 	8,219	 	 	 	15,920	 	
Cash at January 1	  	 	75,527	 	 	 	58,894	 	
	  	 	 	 	 	 	 	 	
Cash at September 30	  	$	83,746	 	 	$	74,814	 	

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	 	 	 	 	  	 	 	
 	  	September 30, 2020	 	 	 	 	  	September 30, 2019	 	 	 	 	  	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	31,334	 	 				  	$	39,492	 	 				  				
Capital expenditures	  	 	(8,955	) 	 				  	 	(5,669	) 	 				  				
	  	 	 	 	 				  	 	 	 	 				  				
Free cash flow	  	$	22,379	 	 				  	$	33,823	 	 				  				

 	  	YTD	 	 	 	 	  	YTD	 	 	 	 	  	Quarter	 	
 	  	September 30, 2020	 	 	 	 	  	June 30, 2020	 	 	 	 	  	September 30, 2020	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	31,334	 	 	 	-	 	  	$	11,785	 	 	 	=	 	  	$	19,549	 	
Capital expenditures	  	 	(8,955	) 	 	 	-	 	  	 	(5,589	) 	 	 	=	 	  	 	(3,366	) 	
	  	 	 	 	 				  	 	 	 	 				  	 	 	 	
Free cash flow	  	$	22,379	 	 	 	-	 	  	$	6,196	 	 	 	=	 	  	$	16,183	 	

 	  	YTD	 	 	 	 	  	YTD	 	 	 	 	  	Quarter	 	
 	  	September 30, 2019	 	 	 	 	  	June 30, 2019	 	 	 	 	  	September 30, 2019	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	39,492	 	 	 	-	 	  	$	16,173	 	 	 	=	 	  	$	23,319	 	
Capital expenditures	  	 	(5,669	) 	 	 	-	 	  	 	(4,406	) 	 	 	=	 	  	 	(1,263	) 	
	  	 	 	 	 				  	 	 	 	 				  	 	 	 	
Free cash flow	  	$	33,823	 	 	 	-	 	  	$	11,767	 	 	 	=	 	  	$	22,056	 	

Earnings Presentation | Third Quarter 2020 Exhibit 99.2

Safe Harbor Statement & Non-GAAP Measures 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 “will”, “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: impacts from the COVID-19 pandemic on our business, conditions, customers and capital position; the impact of COVID 19 on local, national and global economic conditions; the effects of various governmental responses to the COVID-19 pandemic, 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; impact of the upcoming U.S. elections impacts on the regulatory landscape, capital markets, and responses to and management of the COVID-19 pandemic including further economic stimulus from the federal government; and other important factors detailed previously and from time to time in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q. 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 gross margin, adjusted EBITDA margin, debt to adjusted EBITDA margin, Adjusted gross profit, Adjusted operating income, adjusted operating income margin, adjusted EBITDA, diluted 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. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures are available in the appendix of this presentation.

Q3 2020 Operating Summary Results reflect continuing operations. See appendix for non-GAAP reconciliations. Q3 2020 Highlights Sales increased 5% vs. prior year Active hurricane season drove higher fuel container sales in our consumer end market Incremental sales from Tuffy acquisition and higher domestic sales drove revenue increase in our auto aftermarket end market Adjusted gross margin increased 400 bps to 35.6% Adjusted EBITDA margin up 370 bps to 14.8% Generated free cash flow of $16.2 million COVID-19 Update Strategic Priorities Execute on initiatives under Horizon 1 of our long-term, multi-phased vision, including: Accelerating organic growth via commercial and sales excellence, innovation Pursuing bolt-on acquisitions in value added plastics Driving gross margin improvement through pricing focus, purchasing rigor, and operations excellence Building a high-performing culture Strong balance sheet and liquidity position provide flexibility to support our operations and growth initiatives $84M of cash on balance sheet $194M available under credit facility Debt/adjusted EBITDA ratio 1.1x Balance Sheet & Liquidity Offices continue a phased return that began during Q3 All manufacturing facilities and distribution centers are operational All locations are complying with local government guidelines and public health advisories and are maintaining enhanced safety protocols Currently no major supply chain disruptions

Q3 2020 Financial Summary Operating Highlights Net sales up 5.4%, compared to Q3 2019 Material Handling up $2.7M (+3.2%) Distribution up $4.1M (+10.0%) Gross profit margin expanded 400 bps to 35.6% Higher sales volume and favorable price-cost margin PY Q3 included $3.5M charge for estimated product replacement costs Adjusted Op income up 83% to $15.6M, compared to $8.5M in Q3 2019 Gross profit increased $7.5M vs. PY Adj. SG&A costs flat year-over-year Adjusted EBITDA up 40% to $19.6M, compared to $14.0 million in Q3 2019 Adjusted EPS of $0.30, compared to $0.15 in Q3 2019 GAAP Financial Highlights Non-GAAP Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Material Handling Segment Net sales up 3.2% vs. Q3 2019 Food and Beverage end market down high single digits due primarily to lower seed box sales Consumer end market up double digits due primarily to higher fuel container sales driven by storm activity Industrial end market down mid single digits due primarily to decreased sales through industrial distribution Vehicle end market down double digits due primarily to lower sales to automotive OEMs Adjusted operating income up due to higher sales volume and favorable price-cost margin; PY included $3.5M charge for estimated product replacement costs Q3 2020 Segment Results Material Handling Financial Highlights Distribution Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations. Distribution Segment Net sales up 10.0% vs. Q3 2019 Incremental sales from the Tuffy acquisition of $2.9M Domestic sales higher despite mixed market conditions Adjusted operating income increased primarily as a result of higher sales volume and SG&A cost reductions

Balance Sheet and Cash Flow Operating Cash Flow Free Cash Flow (FCF) 6.0% 8.5% 8.4% 9.9% 1.2x Q3 Highlights Free cash flow generation of $16.2M, compared to $22.1M last year Working capital as a percentage of sales up due to higher inventory and AR balances compared to last year Cash balance at end of Q3 was $84M; debt to adjusted EBITDA remains relatively consistent with prior quarters at 1.1x Results reflect continuing operations. See appendix for non-GAAP reconciliations. Cash Flow ($M) and FCF as % of Sales Total Debt ($M) and Debt to Adj. EBITDA Working Capital as a % of TTM Sales

FY 2020 Market Outlook End Market 2019 % of Sales 2020 Previous Outlook 2020 Current Outlook Key Drivers to Full-Year Outlook Consumer 14% Incremental fuel container sales driven by increased end market demand due to storm activity, COVID-19, and share gains. Food & Beverage 13% Seed box sales expected to increase in Q4, but not as much as originally anticipated. Sales to food processing customers expected to be down year-over-year due to impacts from COVID-19. Vehicle 16% Sales declines to automotive OEMs expected to more than offset higher sales to RV customers. Industrial 26% Soft market environment in industrial manufacturing and distribution that began early in the year expected to continue through the fourth quarter. Auto Aftermarket 31% Incremental sales from August 2019 acquisition of Tuffy and improving end market demand in the second half of 2020 expected to more than offset impacts from COVID-19. Mid single digits Mid single digits Double digits Low teens Low single digits Double digits Double digits Low single digits Mid teens Mid teens

2020 Fiscal Year Guidance Net sales growth:~ Down low-to-mid single digits (vs. mid-to-high single digits previously) D&A: ~ $21M Net interest expense:~ $4M Effective tax rate (normalized):~ 26% Diluted share count:~ 36M Diluted EPS:Withdrawn Adjusted diluted EPS: Withdrawn Capital expenditures:~ $15M

Our Long-Term Vision Horizon 1 2020 - 2023 Horizon 2 2023 - 2026 Horizon 3 2026 - 2029 Focus Revenue Target Execute via three approaches: Self Help: Purchasing, Pricing, SG&A optimization Organic Growth: Sales & Commercial Excellence, Innovation, eComm Bolt-on M&A within existing plastics technologies $1B $2B $3B+ Use cash flow and learning/experience gained from Horizon 1 to acquire larger firms in North America Potential to grow in adjacent technologies Expand globally via M&A Maintain focus on plastics manufacturing, expand to other substrates Self Help, Organic Growth, Bolt-On M&A Enterprise-level M&A with North America focus Enterprise-level M&A with Global focus Continued execution of Horizon 1 + Continued execution of Horizons 1 & 2 +

Strategy for Horizon 1 Strategic Objective: Transform Material Handling Segment into a high-growth, customer-centric innovator of engineered plastic solutions, while continuing to optimize and grow Distribution Segment Organic Growth Sales & Commercial excellence Innovation/NPD Sustainability eCommerce Operational Excellence Continuous improvement Pricing focus Purchasing rigor SG&A allocation & deployment High-Performing Culture Safety first Talent development Inclusion Servant leadership Community involvement 1 4 3 Strategic M&A Bolt-on M&A focused on plastics Integration playbook 2

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)