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) November 8, 2016

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))	

 

Item 2.02 .	Results of Operations and Financial Condition	
On November 8, 2016, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the quarter ended September 30, 2016. 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 November 8, 2016, 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 exhibit) 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 November 8, 2016	
		
99.2	  	Earnings Presentation Third Quarter 2016 by the Company dated November 8, 2016	

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     November 8, 2016                    	 		 	By:	 	/s/ R. David Banyard	
	 		 		 	R. David Banyard	
	 		 		 	President and Chief Executive Officer	

Exhibit 99.1

Myers Industries Reports 2016 Third Quarter Results
GAAP EPS of $0.01; Adjusted EPS of $0.04
Company Maintains Full-Year Outlook
November 8, 2016, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the third quarter ended September 30, 2016.
Third Quarter 2016 Business Highlights
 
 	•	 	Net sales decreased 6.3% (or 6.7% organic) compared to the third quarter of 2015	
 
 	•	 	Gross profit margin 27.1%, compared to 29.4% for the third quarter of 2015	
 
 	•	 	GAAP income per diluted share from continuing operations of $0.01, compared to $0.02 for the third quarter of 2015	
 
 	•	 	Adjusted income per diluted share from continuing operations of $0.04, compared to $0.09 for the third quarter of 2015	
The Company reported third quarter net sales of $132.7 million, compared to $141.7 million for the third quarter of 2015. The reduction in sales was primarily the result of decreased capital spending in several of the Company’s key end markets and a decline in sales of retread products in the Distribution Segment. The gross profit margin decreased 230 basis points to 27.1% during the third quarter of 2016 due to operational inefficiencies resulting from lower sales volumes and an unfavorable product mix. Selling, general and administrative expenses were $32.9 million, compared to $39.1 million in the third quarter of 2015. Lower non-recurring compensation costs, reduced environmental expenses and other cost reductions led to the $6.2 million improvement.
President and Chief Executive Officer Dave Banyard commented, “Third quarter results were in line with our expectations as customers in both our Material Handling and Distribution segments continue to operate in a reduced capital spending environment. Despite lower sales, we delivered a strong quarter of free cash flow due primarily to process improvements in working capital management and a more disciplined approach to capital spending.”
Banyard continued, “We are maintaining our full-year 2016 outlook of sales declines in the mid-to-high single digits on a constant currency basis, and we expect to provide a preliminary outlook for 2017 in conjunction with our fourth-quarter results early next year. We believe that we have some meaningful opportunities to build upon an excellent product platform that provides safe and efficient solutions for a variety of niche applications and end-markets, and we are in the later stages of refining an enterprise strategy that will support these competitive strengths.”

 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
 	  	2016	 	 	2015	 	 	% Increase
(Decrease)	 	 	2016	 	 	2015	 	 	% Increase
(Decrease)	 	
 	  	(Dollars in thousands, except per share data)	 	
Net sales	  	$	132,676	  	 	$	141,661	  	 	 	(6.3	)% 	 	$	427,998	  	 	$	462,344	  	 	 	(7.4	)% 	
Gross profit	  	$	35,918	  	 	$	41,686	  	 	 	(13.8	)% 	 	$	128,625	  	 	$	138,024	  	 	 	(6.8	)% 	
Gross profit margin	  	 	27.1	% 	 	 	29.4	% 	 				 	 	30.1	% 	 	 	29.9	% 	 				
Operating income	  	$	2,986	  	 	$	2,578	  	 	 	15.8	% 	 	$	15,281	  	 	$	29,037	  	 	 	(47.4	)% 	
Income from continuing operations:	  				 				 				 				 				 				
Income	  	$	424	  	 	$	631	  	 	 	(32.8	)% 	 	$	2,772	  	 	$	14,178	  	 	 	(80.4	)% 	
Income per diluted share	  	$	0.01	  	 	$	0.02	  	 	 	(50.0	)% 	 	$	0.09	  	 	$	0.45	  	 	 	(80.0	)% 	
							
Operating income as adjusted (1)	  	$	3,883	  	 	$	5,895	  	 	 	(34.1	)% 	 	$	27,278	  	 	$	31,743	  	 	 	(14.1	)% 	
Income from continuing operations as adjusted (1) :	  				 				 				 				 				 				
Income	  	$	1,195	  	 	$	2,679	  	 	 	(55.4	)% 	 	$	13,563	  	 	$	15,975	  	 	 	(15.1	)% 	
Income per diluted share	  	$	0.04	  	 	$	0.09	  	 	 	(55.6	)% 	 	$	0.45	  	 	$	0.51	  	 	 	(11.8	)% 	
 
(1)	Details regarding the adjusted charges are provided on the Reconciliations of Non-GAAP Financial Measures included in this release.	

Segment Results
Net sales in the Material Handling Segment for the third quarter of 2016 were down 2.8% (or 3.4% organic) vs. the third quarter of 2015 due primarily to declines in the food and beverage markets. The segment’s GAAP operating income was $4.4 million for the third quarter of 2016 compared to $7.4 million for the third quarter of 2015. The segment’s adjusted operating income was $4.7 million for the third quarter of 2016 compared to $8.6 million for the third quarter of 2015.
Net sales in the Distribution Segment for the third quarter of 2016 were down 13% vs. the third quarter of 2015. The decline was primarily due to lower sales of equipment and tire retread products. The segment continues to implement its new sales model which is designed to broaden market coverage and improve the overall sales process. The segment’s operating income was $3.3 million for the third quarter of 2016 compared to $5.6 million for the third quarter of 2015. The segment’s adjusted operating income was $3.3 million for the third quarter of 2016 compared to $5.7 million for the third quarter of 2015.
2016 Outlook
The Company anticipates that total revenue will be down mid-to-high single digits on a constant currency basis for both the fourth quarter and full year of 2016 primarily due to a continued weak capital spending environment.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Tuesday, November 8, 2016 at 10:00 a.m. ET. The call is anticipated to last approximately one hour and may be accessed at: (US) 866-393-4306 or (Int’l) 734-385-2616. 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) 855-859-2056 or (Int’l) 404-537-3406. The replay passcode is Conference ID: 6338568.
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 and adjusted operating income are non-GAAP financial measures and are intended to serve as a complement 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 undervehicle 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: changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; raw material availability, increases in raw material costs, or other production costs; 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 data)

 	  	Quarter Ended	 	 	Nine Months Ended	 	
 	  	September 30,
2016	 	 	September 30,
2015	 	 	September 30,
2016	 	 	September 30,
2015	 	
Net sales	  	$	132,676	  	 	$	141,661	  	 	$	427,998	  	 	$	462,344	  	
Cost of sales	  	 	96,758	  	 	 	99,975	  	 	 	299,373	  	 	 	324,320	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit	  	 	35,918	  	 	 	41,686	  	 	 	128,625	  	 	 	138,024	  	
Selling, general and administrative expenses	  	 	32,932	  	 	 	39,108	  	 	 	103,470	  	 	 	108,987	  	
Impairment charges	  	 	—  	  	 	 	—  	  	 	 	9,874	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income	  	 	2,986	  	 	 	2,578	  	 	 	15,281	  	 	 	29,037	  	
Interest expense, net	  	 	2,015	  	 	 	1,729	  	 	 	6,087	  	 	 	6,899	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations before income taxes	  	 	971	  	 	 	849	  	 	 	9,194	  	 	 	22,138	  	
Income tax expense	  	 	547	  	 	 	218	  	 	 	6,422	  	 	 	7,960	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations	  	 	424	  	 	 	631	  	 	 	2,772	  	 	 	14,178	  	
Income (loss) from discontinued operations, net of income taxes	  	 	(10	) 	 	 	(298	) 	 	 	(257	) 	 	 	2,813	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income	  	$	414	  	 	$	333	  	 	$	2,515	  	 	$	16,991	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income per common share from continuing operations:	  				 				 				 				
Basic	  	$	0.01	  	 	$	0.02	  	 	$	0.09	  	 	$	0.46	  	
Diluted	  	$	0.01	  	 	$	0.02	  	 	$	0.09	  	 	$	0.45	  	
Income (loss) per common share from discontinued operations:	  				 				 				 				
Basic	  	$	—  	  	 	$	(0.01	) 	 	$	(0.01	) 	 	$	0.09	  	
Diluted	  	$	—  	  	 	$	(0.01	) 	 	$	(0.01	) 	 	$	0.09	  	
Net income per common share:	  				 				 				 				
Basic	  	$	0.01	  	 	$	0.01	  	 	$	0.08	  	 	$	0.55	  	
Diluted	  	$	0.01	  	 	$	0.01	  	 	$	0.08	  	 	$	0.54	  	
Weighted average common shares outstanding:	  				 				 				 				
Basic	  	 	29,849,005	  	 	 	30,674,604	  	 	 	29,682,798	  	 	 	30,873,594	  	
Diluted	  	 	30,075,478	  	 	 	30,950,572	  	 	 	29,949,711	  	 	 	31,213,082	  	

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

 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
 	  	2016	 	 	2015	 	 	% Change	 	 	2016	 	 	2015	 	 	% Change	 	
Net Sales	  				 				 				 				 				 				
Material Handling	  	$	89,911	  	 	$	92,479	  	 	 	(2.8	)% 	 	$	299,842	  	 	$	320,534	  	 	 	(6.5	)% 	
Distribution	  	 	42,793	  	 	 	49,212	  	 	 	(13.0	)% 	 	 	128,248	  	 	 	141,909	  	 	 	(9.6	)% 	
Inter-company Sales	  	 	(28	) 	 	 	(30	) 	 	 	—  	  	 	 	(92	) 	 	 	(99	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	132,676	  	 	$	141,661	  	 	 	(6.3	)% 	 	$	427,998	  	 	$	462,344	  	 	 	(7.4	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating Income	  				 				 				 				 				 				
Material Handling	  	$	4,378	  	 	$	7,369	  	 	 	(40.6	)% 	 	$	26,152	  	 	$	41,622	  	 	 	(37.2	)% 	
Distribution	  	 	3,301	  	 	 	5,558	  	 	 	(40.6	)% 	 	 	9,803	  	 	 	13,557	  	 	 	(27.7	)% 	
Corporate	  	 	(4,693	) 	 	 	(10,349	) 	 	 	—  	  	 	 	(20,674	) 	 	 	(26,142	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	2,986	  	 	$	2,578	  	 	 	15.8	% 	 	$	15,281	  	 	$	29,037	  	 	 	(47.4	)% 	

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

 	  	Quarter Ended September 30,	 	 	Nine Months Ended
September 30,	 	
 	  	2016	 	 	2015	 	 	2016	 	 	2015	 	
Material Handling	  				 				 				 				
Operating income as reported	  	$	4,378	  	 	$	7,369	  	 	$	26,152	  	 	$	41,622	  	
Litigation reserve reversal	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(3,010	) 	
Asset impairments	  	 	—  	  	 	 	—  	  	 	 	9,874	  	 	 	—  	  	
Reduction to contingent liability	  	 	—  	  	 				 	 	(2,335	) 	 				
Restructuring expenses and other adjustments	  	 	292	  	 	 	1,210	  	 	 	292	  	 	 	1,750	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	4,670	  	 	 	8,579	  	 	 	33,983	  	 	 	40,362	  	
					
Distribution	  				 				 				 				
Operating income as reported	  	 	3,301	  	 	 	5,558	  	 	 	9,803	  	 	 	13,557	  	
Restructuring expenses and other adjustments	  	 	—  	  	 	 	142	  	 	 	—  	  	 	 	195	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	3,301	  	 	 	5,700	  	 	 	9,803	  	 	 	13,752	  	
					
Corporate Expense	  				 				 				 				
Corporate expense as reported	  	 	(4,693	) 	 	 	(10,349	) 	 	 	(20,674	) 	 	 	(26,142	) 	
CFO severance related costs	  	 	—  	  	 	 	—  	  	 	 	2,011	  	 	 	—  	  	
Environmental reserve	  	 	605	  	 	 	1,266	  	 	 	2,155	  	 	 	1,266	  	
Professional, legal fees and other adjustments	  	 	—  	  	 	 	699	  	 	 	—  	  	 	 	2,505	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate expense as adjusted	  	 	(4,088	) 	 	 	(8,384	) 	 	 	(16,508	) 	 	 	(22,371	) 	
					
Continuing Operations	  				 				 				 				
Operating income as reported	  	 	2,986	  	 	 	2,578	  	 	 	15,281	  	 	 	29,037	  	
Total of all adjustments above	  	 	897	  	 	 	3,317	  	 	 	11,997	  	 	 	2,706	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	3,883	  	 	 	5,895	  	 	 	27,278	  	 	 	31,743	  	
Interest expense, net	  	 	(2,015	) 	 	 	(1,729	) 	 	 	(6,087	) 	 	 	(6,899	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	1,868	  	 	 	4,166	  	 	 	21,191	  	 	 	24,844	  	
Income tax expense*	  	 	(673	) 	 	 	(1,487	) 	 	 	(7,628	) 	 	 	(8,869	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations as adjusted	  	$	1,195	  	 	$	2,679	  	 	$	13,563	  	 	$	15,975	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted earnings per diluted share from continuing operations	  	$	0.04	  	 	$	0.09	  	 	$	0.45	  	 	$	0.51	  	
 
*	Income taxes are calculated using the normalized effective tax rate for each year. The normalized rate used above is 36%.	
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.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
(Dollars in thousands)

 	  	September 30, 2016	 	  	December 31, 2015	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	5,538	  	  	$	7,344	  	
Restricted cash	  	 	8,627	  	  	 	8,627	  	
Accounts receivable, net	  	 	77,517	  	  	 	77,633	  	
Inventories	  	 	48,584	  	  	 	54,738	  	
Other	  	 	5,396	  	  	 	5,966	  	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	145,662	  	  	 	154,308	  	
Other Assets	  	 	131,408	  	  	 	143,710	  	
Property, Plant, & Equipment, Net	  	 	118,285	  	  	 	130,773	  	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	395,355	  	  	$	428,791	  	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	51,025	  	  	$	71,310	  	
Accrued expenses	  	 	29,120	  	  	 	45,502	  	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	80,145	  	  	 	116,812	  	
Long-term debt, net	  	 	197,930	  	  	 	191,881	  	
Other liabilities	  	 	9,372	  	  	 	12,354	  	
Deferred income taxes	  	 	9,133	  	  	 	10,041	  	
Total Shareholders’ Equity	  	 	98,775	  	  	 	97,703	  	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	395,355	  	  	$	428,791	  	

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

 	  	Nine Months Ended September 30,	 	
 	  	2016	 	 	2015	 	
Cash Flows From Operating Activities	  				 				
Net income	  	$	2,515	  	 	$	16,991	  	
Income (loss) from discontinued operations, net of income taxes	  	 	(257	) 	 	 	2,813	  	
	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	2,772	  	 	 	14,178	  	
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	18,465	  	 	 	19,216	  	
Amortization	  	 	7,428	  	 	 	7,854	  	
Non-cash stock-based compensation expense	  	 	2,804	  	 	 	3,989	  	
Deferred taxes	  	 	(1,985	) 	 	 	2,301	  	
Excess tax benefit from stock-based compensation	  	 	(139	) 	 	 	(211	) 	
Impairment charges	  	 	9,874	  	 	 	—  	  	
Other	  	 	184	  	 	 	(463	) 	
Payments on performance based compensation	  	 	(1,794	) 	 	 	(1,318	) 	
Accrued interest income on note receivable	  	 	(948	) 	 	 	(750	) 	
Other long-term liabilities	  	 	(431	) 	 	 	644	  	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	1,057	  	 	 	(5,603	) 	
Inventories	  	 	7,349	  	 	 	(271	) 	
Prepaid expenses and other assets	  	 	484	  	 	 	(168	) 	
Accounts payable and accrued expenses	  	 	(26,520	) 	 	 	(32,260	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	18,600	  	 	 	7,138	  	
Net cash provided by (used for) operating activities - discontinued operations	  	 	—  	  	 	 	(11,330	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	18,600	  	 	 	(4,192	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(11,490	) 	 	 	(17,669	) 	
Proceeds from sale of property, plant and equipment	  	 	194	  	 	 	145	  	
Proceeds (payments) related to sale of business	  	 	(4,034	) 	 	 	69,787	  	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	(15,330	) 	 	 	52,263	  	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—  	  	 	 	(581	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	(15,330	) 	 	 	51,682	  	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net borrowing (repayments) on credit facility	  	 	4,440	  	 	 	(16,157	) 	
Cash dividends paid	  	 	(12,143	) 	 	 	(12,550	) 	
Proceeds from issuance of common stock	  	 	2,582	  	 	 	1,553	  	
Excess tax benefit from stock-based compensation	  	 	139	  	 	 	211	  	
Repurchase of common stock	  	 	—  	  	 	 	(18,613	) 	
Shares withheld for employee taxes on equity awards	  	 	(925	) 	 	 	(975	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(5,907	) 	 	 	(46,531	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(5,907	) 	 	 	(46,531	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	831	  	 	 	(395	) 	
	  	 	 	 	 	 	 	 	
Net increase (decrease) in cash	  	 	(1,806	) 	 	 	564	  	
Cash at January 1	  	 	7,344	  	 	 	4,676	  	
	  	 	 	 	 	 	 	 	
Cash at September 30	  	$	5,538	  	 	$	5,240	  	

N OVEMBER
8, 2016 –
T HIRD
Q UARTER
E ARNINGS
P RESENTATION
MYERS INDUSTRIES, INC.
Exhibit 99.2	

S AFE
H ARBOR
S TATEMENT
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.  Whenever you read a statement that is not simply a statement of historical fact (such as when we describe what we
"believe," "expect," or "anticipate" will occur, and other similar statements), you must remember that our expectations may not be correct,
even though we believe they are reasonable.  We do not guarantee that the transactions and events described will happen as described
(or that they will happen at all).  You should review this presentation with the understanding that actual future results may
be
materially
different from what we expect.  Many of the factors that will determine these results are beyond our ability to control or predict.  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.  These statements involve a number of risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the applicable statements.  Such risks include:
(1) Changes in the markets for the Company’s business segments
(2) Changes in trends and demands in the markets in which the Company competes
(3) Unanticipated downturn in business relationships with customers or their purchases
(4) Competitive pressures on sales and pricing
(5) Raw material availability, increases in raw material costs, or other production costs
(6) Harsh weather conditions
(7) Future economic and financial conditions in the United States and around the world
(8) Inability of the Company to meet future capital requirements
(9) Claims, litigation and regulatory actions against the Company
(10) Changes in laws and regulations affecting the Company
2
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. 	

3
Q3 2016 S UMMARY
WEAK
CAPITAL
SPENDING
CONTINUES
TO
IMPACT
RESULTS
»
Q3 sales in line with expectations
»
Net sales $132.7M, a decrease of 6% to prior year
»
Continued difficult capital spending environment in several key markets
»
Distribution sales initiative still in early innings; making progress
»
Gross margin reduction of 230 basis points to 27.1%
»
Lower volume
»
Unfavorable product mix and operational inefficiencies
»
SG&A reduction of $6M due primarily to lower non-recurring comp,
lower environmental costs and other cost containment actions
»
GAAP EPS from continuing operations $0.01 vs. $0.02 in 2015
»
Adjusted EPS from continuing operations $0.04 vs. $0.09 in 2015
»
YTD free cash flow of $7.1M vs. ($10.5M) in 2015
»
Cash from operations up due to working capital process improvements
»
Capital spending down	

4
Q3 GAAP F INANCIAL
S UMMARY
CONTINUING OPERATIONS
Q3
2015
Q3
2016
N ET
S ALES
$         141.7
$       132.7
-
6.3%; -
6.7% organic
G ROSS
P ROFIT
G ROSS
M ARGIN
$           41.7
29.4%
$         35.9
27.1%
-
230 bps
SG&A
$           39.1
$         32.9
15.8%
improvement
O PERATING
I NCOME
O PERATING
M ARGIN
$             2.6
1.8%
$           3.0
2.3%
+ 50
bps
N ET
I NTEREST
E XPENSE
$             1.7
$           2.0
I NCOME
FROM
C ONTINUING
O PS
B EFORE
I NCOME
T AXES
$             0.8
$           1.0
I NCOME
T AX
E XPENSE
$             0.2
$           0.5
I NCOME
FROM
C ONTINUING
O PS
$             0.6
$           0.4
EPS
FROM
C ONTINUING
O PS
$           0.02
$         0.01
I N
$ MILLIONS
EXCEPT
RATIOS
AND
PERCENTAGES	

5
Q3 A DJUSTED
F INANCIAL
S UMMARY
CONTINUING OPERATIONS
Q3
2015
Q3
2016
N ET
S ALES
$         141.7
$       132.7
-
6.3%; -
6.7% organic
ADJ. G ROSS
P ROFIT
G ROSS
M ARGIN
$           42.4
30.0%
$         35.9
27.1%
-
290 bps
ADJ. SG&A
$           36.6
$         32.0
12.4% improvement
ADJ. O PERATING
I NCOME
O PERATING
M ARGIN
$             5.9
4.2%
$           3.9
2.9%
-
130 bps
N ET
I NTEREST
E XPENSE
$             1.7
$           2.0
ADJ.
I NCOME
FROM
C ONTINUING
O PS
B EFORE
I NCOME
T AXES
$             4.2
$           1.9
I NCOME
T AX
E XPENSE
$             1.5
$           0.7
ADJ.
I NCOME
FROM
C ONTINUING
O PS
I NCOME
M ARGIN
$             2.7
1.9%
$           1.2
0.9%
ADJ.
EPS
FROM
C ONTINUING
O PS
$           0.09
$          0.04
I N
$ MILLIONS
EXCEPT
RATIOS
AND
PERCENTAGES
See appendix for reconciliations
from GAAP to adjusted results
$12.5M ADJUSTED
EBITDA COMPARED
TO
$14.4M IN
PRIOR
- YEAR
QUARTER	

6
B ALANCE
S HEET
& C ASH
F LOW
YTD CASH FLOW
WORKING CAPITAL AS A % OF SALES
12.8%
10.2%
9.1%
Q3 2014
Q3 2015
Q3 2016
DISCIPLINED
WORKING
CAPITAL
AND
CAPITAL
SPENDING
$(2.8)
$(10.9)
$(13.7)
$7.1
$(17.7)
$(10.5)
$18.6
$(11.5)
$7.1
Cash from Cont. Ops
CapEx
Free Cash Flow
2014
2015
2016
BALANCE SHEET
09/30/15
09/30/16
Cash
5.2
$     
5.5
$     
Debt
214.7
197.9
Net Debt
209.5
$ 
192.4
$ 
Adjusted TTM EBITDA
74.1
$   
65.8
$   
Net Debt-to-Adj. EBITDA
2.8x
2.9x
See appendix for reconciliations from GAAP to adjusted results	

7
Q3 2016 S EGMENT
R ESULTS
»
Sales down 13%:
»
Market indicators positive
»
Reduced capital spending continues to impact
equipment sales; retread markets remain slow
»
Sales team initiative progressing; steady sequential
pace but still down year-over-year
»
Share gains with vending installs at large auto
dealer group
»
Q3 margin decline due to lower sales volumes and
cost reallocations from corporate to reflect correct
segment cost structure
»
Sales down 2.8% (down 3.4% organic):
»
Capital spending remains down in food and
beverage markets
»
In vehicle market, steady share gains in automotive
and strong sales in RV
»
Progress in industrial markets; slow overall pace
»
Share gains at Scepter for 2017 during seasonal
buying process 
»
Unfavorable mix in Q3; results also impacted by
operational inefficiencies and cost reallocations from
corporate to reflect correct segment cost structure
MATERIAL HANDLING
DISTRIBUTION
COMMERCIAL
EXECUTION
CONTINUES
TO
BE
THE
PRIORITY
$92.5
$89.9
$7.4
$4.4
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
Q3 2015
Q3 2016
Q3 2015
Q3 2016
Net Sales
Op Inc.
$49.2
$42.8
$5.6
$3.3
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
Q3 2015
Q3 2016
Q3 2015
Q3 2016
Net Sales
Op Inc.	

8
2016 O UTLOOK
AND
S TRATEGY
U PDATE
C ONSUMER
12%
V EHICLE
13%
F OOD
& B EVERAGE
16%
A UTO
A FTERMARKET
30%
I NDUSTRIAL
29%
M ID
S INGLE
D IGITS
H IGH
S INGLE
D IGITS
M ID
S INGLE
D IGITS
H IGH -T EENS
F LAT
P ERCENT
OF
2015 S ALES
MYE 2016 G ROWTH
O UTLOOK
Outlook
»
Holding prior outlook; Q4 & FY revenue expected
to be down mid-to-high single digits
»
Continued weakness in capital spending in both
segments
»
Steady sales run rate in Distribution segment
Strategic Update
»
Senior leadership team now in place
»
Finalizing enterprise strategy that supports
competitive strengths
»
Key themes:
»
Protect the core
»
Safe and efficient solutions for niche end-
markets
»
Simplify
»
More flexible operating model
»
Near-term priorities:
»
Further develop our capability to execute
niche market commercial strategies
»
Implement a culture of continuous process
improvement
»
Debt reduction/more flexible balance sheet
S AFETY
AND
EFFICIENCY
FOR
OUR
CUSTOMERS
AND
OUR
BUSINESSES	

APPENDIX	

»
Capital expenditures:
$12 -
$14 million
»
Net interest expense: 
$8 -
$9 million
»
D&A:
$34 -
$35 million
»
Effective tax rate (normalized):
36%
10
2016 K EY
A SSUMPTIONS	

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.

11
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
CONSOLIDATED GROSS PROFIT (UNAUDITED)
(Dollars in thousands)
Quarter
Ended
For the nine months ended
September
30, 2016
September
30, 2015
September
30, 2016
September
30, 2015
Gross profit as reported
$                  35,918
$                 41,686
$               128,625
$               138,024
Restructuring expenses and other adjustments in cost of sales
Material Handling segment
-
762
-
1,057
Distribution segment
-
-
-
-
Gross profit as adjusted
$                  35,918
$                 42,448
$               128,625
139,081
$	

12
R ECONCILIATION
OF
N ON -GAAP M EASURES
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.
Quarter
Ended
Nine Months Ended
2016
September
30,
2015
September
30,
2016
September
30,
2015
Selling, general and administrative expenses as reported
$   32,932
$   39,108
$ 103,470
$ 108,987
Restructuring expenses and other adjustments in selling, general and
administrative expenses
Material Handling segment
(292)
(448)
2,043
2,317
Distribution segment
-
(142)
-
(195)
Corporate
(605)
(1,965)
(4,166)
(3,771)
Selling, general and administrative expenses as adjusted
$   32,035
$   36,553
$ 101,347
$ 107,338
September
30,	

13
R ECONCILIATION
OF
N ON -GAAP M EASURES
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 rate used above is 36%.	

14
R ECONCILIATION
OF
N ON -GAAP M EASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
COMBINED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands)
Note on Reconciliation of Income and Earnings Data: E BITDA as adjusted is a financial measure 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 as adjusted provides useful information regarding a company's operating profitability.  Management uses EBITDA as
adjusted as well as other financial measures in connection with its decision-making activities.  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 as adjusted may not be
comparable to methods used by other companies.
 
Quarter
Ended
TTM
31-Dec-14
31-Mar-15
30-Jun-15
30-Sep-15
30-Sep-15
Net Income as Reported Continuing Operations
$                   1,489
$                    2,622
$                 10,925
$                       631
$               15,667
Add: tax expense
991
1,392
6,350
218
8,951
Add: net interest expense
2,647
2,702
2,467
1,729
9,545
Add: depreciation
6,424
6,489
6,801
5,926
25,640
Add: amortization
2,724
2,638
2,641
2,575
10,578
EBITDA
14,275
15,843
29,184
11,079
70,381
Add: one-time unusual charges
1,031
1,950
(2,561)
3,317
3,737
EBITDA As Adjusted
15,306
17,793
26,623
14,396
74,118
Quarter
Ended
TTM
31-Dec-15
31-Mar-16
30-Jun-16
30-Sep-16
30-Sep-16
Net Income as Reported Continuing Operations
(125)
(3,336)
$                    5,684
$                       424
$                  2,647
Add: tax expense
(151)
2,446
3,429
547
6,271
Add: net interest expense
2,100
2,019
2,053
2,015
8,187
Add: depreciation
5,496
6,000
6,283
6,182
23,961
Add: amortization
2,413
2,499
2,482
2,447
9,841
EBITDA
9,733
9,628
19,931
11,615
50,907
Add: one-time unusual charges
2,906
10,556
544
897
14,903
EBITDA As Adjusted
12,639
20,184
20,475
12,512
65,810
$
$