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): March 3, 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 March 3, 2020, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the fiscal year and quarter ended December 31, 2019. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the presentation which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on March 3, 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 March 3, 2020, the Company issued a press release announcing earnings results for the fiscal year and quarter ended December 31, 2019, the full text of which is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the presentation which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on March 3, 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 March 3, 2020		
			
99.2	  	Earnings Presentation for Fourth Quarter and Full Year 2019 dated March 3, 2020		

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, Esq.	
	 	Interim President and Chief Executive Officer	
Date: March 3, 2020

Exhibit 99.1

Myers Industries Reports 2019 Fourth Quarter and Full Year Results
Earnings growth in 2019 despite lower sales;
Continued margin improvement; generated free cash flow of $37 million
March 3, 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 fourth quarter and full year ended December 31, 2019.
Fourth Quarter and Full Year 2019 Financial Highlights
 
 	•	 	GAAP income per diluted share from continuing operations was $0.16 for the fourth quarter and $0.68 for the full year, compared with income of $0.09 and a loss of $0.05 (after $33.3 million of pre-tax charges related to the Company’s Lawn and Garden business, which was sold in 2015), respectively, for the fourth quarter and full year of 2018	
 
 	•	 	Adjusted income per diluted share from continuing operations was $0.12 for the fourth quarter and $0.78 for the full year, compared with $0.13 and $0.76, respectively, for the fourth quarter and full year of 2018	
 
 	•	 	Net sales for the fourth quarter decreased 15.6% to $116.8 million, compared with $138.4 million for the fourth quarter of 2018; net sales for the full year decreased 9.0% to $515.7 million, compared with $566.7 million for the full year of 2018	
 
 	•	 	Gross margin increased to 33.6% for the fourth quarter and 33.2% for the full year, compared with 30.4% and 31.6%, respectively for the fourth quarter and full year of 2018	
 
 	•	 	Generated cash flow from continuing operations of $47.0 million and free cash flow of $36.7 million for the full year of 2019	
 
 	•	 	Completed acquisition of Tuffy Manufacturing for $18 million in August 2019	
“During 2019, our team delivered improved bottom line performance and continued margin expansion, despite being challenged by a number of headwinds across our businesses and a leadership change,” said Andrean Horton, Interim President and Chief Executive Officer of Myers Industries. “Importantly, the Distribution Segment continued to successfully execute on its transformation plan, integrated the recent Tuffy acquisition and increased sales and adjusted EBITDA margin. In our Material Handling Segment, we continued to drive margin improvement despite softness in key end markets across the business, including a shift in agricultural demand, wet weather conditions in our consumer market and a weaker vehicle market. While we expect some of these uncertainties will carry into 2020, we do see opportunity as we gain traction in some of our adjacent markets.”
“Our teams remain committed to meeting our customers’ needs, operating with an above-average safety record and building an engaged and focused culture. In the fourth quarter, our Board of Directors commenced a search to identify a permanent CEO and our goal is to conclude this process as quickly as possible. We continue to focus on achieving our strategic objectives and generating profitable growth for our shareholders.”
Fourth Quarter 2019 Financial Summary
Net sales for the 2019 fourth quarter decreased $21.6 million or 15.6% to $116.8 million, compared with $138.4 million for the fourth quarter of 2018. The decrease was the result of significant challenges across key markets in the Material Handling Segment. Gross profit decreased to $39.2 million, compared with $42.1 million in 2018. However, gross profit margin increased to 33.6% compared with 30.4% last year as favorable price-cost margin and productivity improvements more than offset the lower sales volume during the quarter. Selling, general and administrative expenses decreased $4.6 million to $30.3 million, compared with $35.0 million in 2018, due primarily to lower compensation costs and savings from the transformation initiatives in the Distribution Segment. GAAP income per diluted share from continuing operations was $0.16, compared to $0.09 for the fourth quarter of 2018. Adjusted income per diluted share from continuing operations was $0.12, compared to $0.13 for the fourth quarter of 2018.

Net sales in the Material Handling Segment (consumer, food and beverage, industrial and vehicle end markets) for the fourth quarter of 2019 were $73.4 million, a decrease of $26.1 million or 26.2%, compared with $99.6 million in 2018. The decrease was due to sales declines across all end markets, but primarily in the Company’s food and beverage (lower seed box sales) end market. For the fourth quarter, adjusted EBITDA declined to $14.0 million, compared with $19.3 million in 2018. The lower volume was partially offset by favorable price-cost margin, productivity improvements and lower variable incentive compensation costs. The Material Handling Segment’s adjusted EBITDA margin for the fourth quarter was 19.1% compared to 19.4% for the fourth quarter of 2018.
Net sales in the Distribution Segment (auto aftermarket end market) for the fourth quarter of 2019 were $43.4 million, an increase of $4.6 million or 11.8%, compared with $38.8 million in 2018. The increase was due mostly to incremental sales from the August 2019 acquisition of Tuffy Manufacturing, Inc. Fourth quarter adjusted EBITDA increased to $3.8 million compared with $0.6 million in 2018, due primarily to savings from the segment’s transformation initiatives and the Tuffy acquisition. The Distribution Segment’s adjusted EBITDA margin for the fourth quarter was 8.8% compared to 1.6% for the fourth quarter of 2018.
Full Year 2019 Financial Summary
Net sales for the full year 2019 decreased $51.0 million or 9.0% to $515.7 million, compared with $566.7 million in 2018. Gross profit decreased to $171.3 million, compared with $179.3 million in 2018. However, gross profit margin increased 160 basis points to 33.2%. Favorable price-cost margin and productivity improvements more than offset the lower sales volume and a $3.5 million charge taken during the third quarter of 2019 for estimated product replacement costs. Selling, general and administrative expenses decreased to $133.1 million, compared with $139.3 million in 2018, due primarily to lower compensation costs and savings from the transformation initiatives in the Distribution Segment. GAAP income per diluted share from continuing operations was $0.68, compared with a loss of $0.05 for the full year of 2018, when the Company recognized $33.3 million of charges related to its Lawn and Garden business which was sold in 2015. Adjusted income per diluted share from continuing operations was $0.78, compared with $0.76 in 2018.
Net sales in the Material Handling Segment for the full year of 2019 were $356.4 million, a decrease of $60.8 million or 14.6%, compared with 2018. The decrease was due to lower sales across all end markets, but primarily in the Company’s food and beverage (lower seed box sales) end market. The segment’s adjusted EBITDA declined 8.9% to $75.5 million for the full year of 2019, compared with $82.8 million in 2018. The lower sales volume and charge for estimated product replacement costs were partially offset by favorable price-cost margin, productivity improvements and lower variable incentive compensation costs. The Material Handling Segment’s adjusted EBITDA margin for the full year increased 130 basis points to 21.2%, compared with 19.9% in 2018.
Net sales in the Distribution Segment for the full year of 2019 were $159.3 million, an increase of $9.7 million or 6.5%, compared with 2018, mostly due to incremental sales from the August 2019 Tuffy acquisition. The segment’s adjusted EBITDA increased 60.0% to $12.7 million compared with $7.9 million in 2018, due primarily to savings from the segment’s transformation initiatives and the Tuffy acquisition. The Distribution Segment’s adjusted EBITDA margin for the full year increased 270 basis points to 8.0%, compared with 5.3% in 2018.
2020 Outlook
The Company anticipates that total revenue will be up mid-single digits year-over-year. The Company anticipates that approximately half of the sales increase will come from incremental sales due to the August 2019 Tuffy acquisition, while the other half of the sales increase will come from the continued transformation in Distribution and improving demand in select markets in Material Handling, including food processing. The Company anticipates depreciation and amortization to be approximately $21 million, net interest expense to be approximately $4 million, and the effective tax rate to be approximately 27%. GAAP income per diluted share from continuing operations is estimated to be in the range of $1.05 to $1.15 and adjusted income per diluted share from continuing operations is estimated to be in the range of $0.85 to $0.95. As previously disclosed, during the first quarter of 2020, the Company will recognize a pre-tax gain of approximately $11.9 million as a result of a sale of notes and release of a lease guarantee liability. The pre-tax gain will be excluded from adjusted earnings. Both the GAAP and adjusted earnings outlooks are based on a diluted share count of 36 million shares. Capital expenditures are anticipated to be approximately $15 million.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Tuesday, March 3, 2020, at 8:30 a.m. ET. The call is anticipated to last approximately one hour and may be accessed by dialing: (US) 833-233-3452 or (Int’l) 647-689-4129. The Conference ID # is 6763017. Callers are asked to sign on at least five minutes in advance. The live webcast of the conference call can be accessed from the Investor Relations section of the Company’s website at www.myersindustries.com. Click on the Investor Relations tab to access the webcast. Webcast attendees will be in a listen-only mode. An archived replay of the call will also be available on the site shortly after the event. To listen to the telephone replay, callers should dial: (US) 800-585-8367 or (Int’l) 416-621-4642. The Conference ID # is 6763017.

Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted income per diluted share from continuing operations, operating income as adjusted, income from continuing operations as adjusted, EBITDA as adjusted, adjusted operating income, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release.
About Myers Industries
Myers Industries, Inc. is 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 “expect”, “believe”, “project”, “plan”, “anticipate”, “intend”, “objective”, “outlook”, “target”, “goal”, “view” and similar expressions identify forward-looking statements. These statements are based on management’s current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Company’s control that could cause actual results to materially differ from those expressed or implied. Risks and uncertainties include: raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities, or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange Commission. Such reports are available on the Securities and Exchange Commission’s public reference facilities and its website at www.sec.gov and on the Company’s Investor Relations section of its website at www.myersindustries.com. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made.
Contact: Monica Vinay, Vice President, Investor Relations & Treasurer, (330) 761-6212

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

 	  	Quarter Ended	 	 	Year Ended	 	
 	  	December 31,
2019	 	 	December 31,
2018	 	 	December 31,
2019	 	  	December 31,
2018	 	
Net sales	  	$	116,818	 	 	$	138,388	 	 	$	515,698	 	  	$	566,735	 	
Cost of sales	  	 	77,587	 	 	 	96,292	 	 	 	344,386	 	  	 	387,442	 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Gross profit	  	 	39,231	 	 	 	42,096	 	 	 	171,312	 	  	 	179,293	 	
Selling, general and administrative expenses	  	 	30,338	 	 	 	34,975	 	 	 	133,130	 	  	 	139,335	 	
(Gain) loss on disposal of fixed assets	  	 	87	 	 	 	88	 	 	 	—  	 	  	 	(8	) 	
Impairment charges	  	 	—  	 	 	 	—  	 	 	 	916	 	  	 	308	 	
Other expenses	  	 	—  	 	 	 	—  	 	 	 	—  	 	  	 	33,331	 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Operating income (loss)	  	 	8,806	 	 	 	7,033	 	 	 	37,266	 	  	 	6,327	 	
Interest expense, net	  	 	1,024	 	 	 	1,103	 	 	 	4,083	 	  	 	4,938	 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	7,782	 	 	 	5,930	 	 	 	33,183	 	  	 	1,389	 	
Income tax expense (benefit)	  	 	2,035	 	 	 	2,804	 	 	 	8,968	 	  	 	3,037	 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Income (loss) from continuing operations	  	 	5,747	 	 	 	3,126	 	 	 	24,215	 	  	 	(1,648	) 	
Income (loss) from discontinued operations, net of income tax	  	 	(9	) 	 	 	(788	) 	 	 	118	 	  	 	(1,701	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Net income (loss)	  	$	5,738	 	 	$	2,338	 	 	$	24,333	 	  	$	(3,349	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Income (loss) per common share from continuing operations:	  				 				 				  				
Basic	  	$	0.16	 	 	$	0.09	 	 	$	0.68	 	  	$	(0.05	) 	
Diluted	  	$	0.16	 	 	$	0.09	 	 	$	0.68	 	  	$	(0.05	) 	
Income (loss) per common share from discontinued operations:	  				 				 				  				
Basic	  	$	—  	 	 	$	(0.02	) 	 	$	—  	 	  	$	(0.05	) 	
Diluted	  	$	—  	 	 	$	(0.02	) 	 	$	—  	 	  	$	(0.05	) 	
Net income (loss) per common share:	  				 				 				  				
Basic	  	$	0.16	 	 	$	0.07	 	 	$	0.68	 	  	$	(0.10	) 	
Diluted	  	$	0.16	 	 	$	0.07	 	 	$	0.68	 	  	$	(0.10	) 	
Weighted average common shares outstanding:	  				 				 				  				
Basic	  	 	35,611,892	 	 	 	35,355,863	 	 	 	35,491,958	 	  	 	33,426,855	 	
Diluted	  	 	35,724,633	 	 	 	35,576,611	 	 	 	35,653,147	 	  	 	33,426,855	 	

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

 	  	Quarter Ended December 31,	 	 	Year Ended December 31,	 	
 	  	2019	 	 	2018	 	 	% Change	 	 	2019	 	 	2018	 	 	% Change	 	
Net sales	  				 				 				 				 				 				
Material Handling	  	$	73,444	 	 	$	99,578	 	 	 	(26.2	)% 	 	$	356,407	 	 	$	417,199	 	 	 	(14.6	)% 	
Distribution	  	 	43,392	 	 	 	38,821	 	 	 	11.8	% 	 	 	159,349	 	 	 	149,636	 	 	 	6.5	% 	
Inter-company Sales	  	 	(18	) 	 	 	(11	) 	 	 	—  	 	 	 	(58	) 	 	 	(100	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	116,818	 	 	$	138,388	 	 	 	(15.6	)% 	 	$	515,698	 	 	$	566,735	 	 	 	(9.0	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  				 				 				 				 				 				
Material Handling	  	$	8,963	 	 	$	13,083	 	 	 	(31.5	)% 	 	$	53,144	 	 	$	57,948	 	 	 	(8.3	)% 	
Distribution	  	 	3,153	 	 	 	371	 	 	 	749.9	% 	 	 	10,076	 	 	 	7,441	 	 	 	35.4	% 	
Corporate	  	 	(3,310	) 	 	 	(6,421	) 	 	 	—  	 	 	 	(25,954	) 	 	 	(59,062	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	8,806	 	 	$	7,033	 	 	 	25.2	% 	 	$	37,266	 	 	$	6,327	 	 	 	489.0	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  				 				 				 				 				 				
Material Handling	  	$	8,963	 	 	$	13,501	 	 	 	(33.6	)% 	 	$	54,232	 	 	$	58,871	 	 	 	(7.9	)% 	
Distribution	  	 	3,171	 	 	 	371	 	 	 	754.6	% 	 	 	11,215	 	 	 	6,776	 	 	 	65.5	% 	
Corporate	  	 	(4,995	) 	 	 	(6,220	) 	 	 	—  	 	 	 	(23,404	) 	 	 	(25,222	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	7,139	 	 	$	7,652	 	 	 	(6.7	)% 	 	$	42,043	 	 	$	40,425	 	 	 	4.0	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	12.2	% 	 	 	13.6	% 	 				 	 	15.2	% 	 	 	14.1	% 	 				
Distribution	  	 	7.3	% 	 	 	1.0	% 	 				 	 	7.0	% 	 	 	4.5	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	6.1	% 	 	 	5.5	% 	 				 	 	8.2	% 	 	 	7.1	% 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
EBITDA as adjusted	  				 				 				 				 				 				
Material Handling	  	$	14,029	 	 	$	19,318	 	 	 	(27.4	)% 	 	$	75,470	 	 	$	82,816	 	 	 	(8.9	)% 	
Distribution	  	 	3,798	 	 	 	631	 	 	 	501.9	% 	 	 	12,716	 	 	 	7,945	 	 	 	60.0	% 	
Corporate	  	 	(4,890	) 	 	 	(6,120	) 	 	 	—  	 	 	 	(22,991	) 	 	 	(24,796	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	12,937	 	 	$	13,829	 	 	 	(6.5	)% 	 	$	65,195	 	 	$	65,965	 	 	 	(1.2	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	19.1	% 	 	 	19.4	% 	 				 	 	21.2	% 	 	 	19.9	% 	 				
Distribution	  	 	8.8	% 	 	 	1.6	% 	 				 	 	8.0	% 	 	 	5.3	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	11.1	% 	 	 	10.0	% 	 				 	 	12.6	% 	 	 	11.6	% 	 				

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

 	  	Quarter Ended December 31, 2019	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	73,444	 	 	$	43,392	 	 	$	116,836	 	 	$	(18	) 	 	$	116,818	 	
						
GAAP Gross profit	  				 				 	 	39,231	 	 	 	—  	 	 	 	39,231	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	39,231	 	 	 	—  	 	 	 	39,231	 	
Gross profit margin as adjusted	  				 				 	 	33.6	% 	 	 	n/a	 	 	 	33.6	% 	
						
GAAP Operating income (loss)	  	 	8,963	 	 	 	3,153	 	 	 	12,116	 	 	 	(3,310	) 	 	 	8,806	 	
Add: Restructuring expenses and other adjustments	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	265	 	 	 	265	 	
Add: Tuffy acquisition costs	  	 	—  	 	 	 	18	 	 	 	18	 	 	 	81	 	 	 	99	 	
Less: CEO stock award reversal	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2,031	) 	 	 	(2,031	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	8,963	 	 	 	3,171	 	 	 	12,134	 	 	 	(4,995	) 	 	 	7,139	 	
Operating income margin as adjusted	  	 	12.2	% 	 	 	7.3	% 	 	 	10.4	% 	 	 	n/a	 	 	 	6.1	% 	
						
Add: Depreciation and amortization	  	 	5,066	 	 	 	627	 	 	 	5,693	 	 	 	105	 	 	 	5,798	 	
Less: Depreciation adjustments	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	14,029	 	 	$	3,798	 	 	$	17,827	 	 	$	(4,890	) 	 	$	12,937	 	
EBITDA margin as adjusted	  	 	19.1	% 	 	 	8.8	% 	 	 	15.3	% 	 	 	n/a	 	 	 	11.1	% 	
		
 	  	Quarter Ended December 31, 2018	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	99,578	 	 	$	38,821	 	 	$	138,399	 	 	$	(11	) 	 	$	138,388	 	
						
GAAP Gross profit	  				 				 	 	42,096	 	 	 	—  	 	 	 	42,096	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	171	 	 	 	—  	 	 	 	171	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	42,267	 	 	 	—  	 	 	 	42,267	 	
Gross profit margin as adjusted	  				 				 	 	30.5	% 	 	 	n/a	 	 	 	30.5	% 	
						
GAAP Operating income (loss)	  	 	13,083	 	 	 	371	 	 	 	13,454	 	 	 	(6,421	) 	 	 	7,033	 	
Add: Restructuring expenses and other adjustments(1)	  	 	418	 	 	 	—  	 	 	 	418	 	 	 	201	 	 	 	619	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	13,501	 	 	 	371	 	 	 	13,872	 	 	 	(6,220	) 	 	 	7,652	 	
Operating income margin as adjusted	  	 	13.6	% 	 	 	1.0	% 	 	 	10.0	% 	 	 	n/a	 	 	 	5.5	% 	
						
Add: Depreciation and amortization	  	 	5,883	 	 	 	260	 	 	 	6,143	 	 	 	100	 	 	 	6,243	 	
Less: Depreciation adjustments	  	 	(66	) 	 	 	—  	 	 	 	(66	) 	 	 	—  	 	 	 	(66	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	19,318	 	 	$	631	 	 	$	19,949	 	 	$	(6,120	) 	 	$	13,829	 	
EBITDA margin as adjusted	  	 	19.4	% 	 	 	1.6	% 	 	 	14.4	% 	 	 	n/a	 	 	 	10.0	% 	
 
(1)	Includes gross profit adjustments of $171 and SG&A adjustments of $448	

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

 	  	Year Ended December 31, 2019	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	356,407	 	 	$	159,349	 	 	$	515,756	 	 	$	(58	) 	 	$	515,698	 	
						
GAAP Gross profit	  				 				 	 	171,312	 	 	 	—  	 	 	 	171,312	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	172	 	 	 	—  	 	 	 	172	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	171,484	 	 	 	—  	 	 	 	171,484	 	
Gross profit margin as adjusted	  				 				 	 	33.2	% 	 	 	n/a	 	 	 	33.3	% 	
						
GAAP Operating income (loss)	  	 	53,144	 	 	 	10,076	 	 	 	63,220	 	 	 	(25,954	) 	 	 	37,266	 	
Add: Restructuring expenses and other adjustments(1)	  	 	172	 	 	 	865	 	 	 	1,037	 	 	 	265	 	 	 	1,302	 	
Add: Tuffy acquisition costs	  	 	—  	 	 	 	274	 	 	 	274	 	 	 	316	 	 	 	590	 	
Add: Asset impairment	  	 	916	 	 	 	—  	 	 	 	916	 	 	 	—  	 	 	 	916	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,000	 	 	 	4,000	 	
Less: CEO stock award reversal	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2,031	) 	 	 	(2,031	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	54,232	 	 	 	11,215	 	 	 	65,447	 	 	 	(23,404	) 	 	 	42,043	 	
Operating income margin as adjusted	  	 	15.2	% 	 	 	7.0	% 	 	 	12.7	% 	 	 	n/a	 	 	 	8.2	% 	
						
Add: Depreciation and amortization	  	 	21,282	 	 	 	1,501	 	 	 	22,783	 	 	 	413	 	 	 	23,196	 	
Less: Depreciation adjustments	  	 	(44	) 	 	 	—  	 	 	 	(44	) 	 	 	—  	 	 	 	(44	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	75,470	 	 	$	12,716	 	 	$	88,186	 	 	$	(22,991	) 	 	$	65,195	 	
EBITDA margin as adjusted	  	 	21.2	% 	 	 	8.0	% 	 	 	17.1	% 	 	 	n/a	 	 	 	12.6	% 	
 
(1)	Includes gross profit adjustments of $172 and SG&A adjustments of $1,130	

 	  	Year Ended December 31, 2018	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	417,199	 	 	$	149,636	 	 	$	566,835	 	 	$	(100	) 	 	$	566,735	 	
						
GAAP Gross profit	  				 				 	 	179,293	 	 	 	—  	 	 	 	179,293	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	746	 	 	 	—  	 	 	 	746	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	180,039	 	 	 	—  	 	 	 	180,039	 	
Gross profit margin as adjusted	  				 				 	 	31.8	% 	 	 	n/a	 	 	 	31.8	% 	
						
GAAP Operating income (loss)	  	 	57,948	 	 	 	7,441	 	 	 	65,389	 	 	 	(59,062	) 	 	 	6,327	 	
Add: Restructuring expenses and other adjustments(1)	  	 	1,131	 	 	 	—  	 	 	 	1,131	 	 	 	—  	 	 	 	1,131	 	
Add: Charges related to 2015 sale of Lawn & Garden business(2)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	33,331	 	 	 	33,331	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	201	 	 	 	201	 	
Add: Asset impairment	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	308	 	 	 	308	 	
Add: Loss (gain) on sale of assets	  	 	(208	) 	 	 	(665	) 	 	 	(873	) 	 	 	—  	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	58,871	 	 	 	6,776	 	 	 	65,647	 	 	 	(25,222	) 	 	 	40,425	 	
Operating income margin as adjusted	  	 	14.1	% 	 	 	4.5	% 	 	 	11.6	% 	 	 	n/a	 	 	 	7.1	% 	
						
Add: Depreciation and amortization	  	 	24,158	 	 	 	1,169	 	 	 	25,327	 	 	 	426	 	 	 	25,753	 	
Less: Depreciation adjustments	  	 	(213	) 	 	 	—  	 	 	 	(213	) 	 	 	—  	 	 	 	(213	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	82,816	 	 	$	7,945	 	 	$	90,761	 	 	$	(24,796	) 	 	$	65,965	 	
EBITDA margin as adjusted	  	 	19.9	% 	 	 	5.3	% 	 	 	16.0	% 	 	 	n/a	 	 	 	11.6	% 	
 
(1)	Includes gross profit adjustments of $746 and SG&A adjustments of $385	
(2)	Includes $23,008 for provision for loss on note receivable and $10,323 for lease guarantee	

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 December 31,	 	 	Year Ended December 31,	 	
 	  	2019	 	 	2018	 	 	2019	 	 	2018	 	
GAAP Operating income (loss)	  	$	8,806	 	 	$	7,033	 	 	$	37,266	 	 	$	6,327	 	
Add: Restructuring expenses and other adjustments	  	 	265	 	 	 	619	 	 	 	1,302	 	 	 	1,131	 	
Add: Tuffy acquisition costs	  	 	99	 	 	 	—  	 	 	 	590	 	 	 	—  	 	
Less: CEO stock award reversal	  	 	(2,031	) 	 	 	—  	 	 	 	(2,031	) 	 	 	—  	 	
Add: Asset impairments	  	 	—  	 	 	 	—  	 	 	 	916	 	 	 	308	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	4,000	 	 	 	201	 	
Add: Charges related to 2015 sale of Lawn & Garden business(1)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	33,331	 	
Add: Loss (gain) on sale of assets	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	7,139	 	 	 	7,652	 	 	 	42,043	 	 	 	40,425	 	
Less: Interest expense, net	  	 	(1,024	) 	 	 	(1,103	) 	 	 	(4,083	) 	 	 	(4,938	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	6,115	 	 	 	6,549	 	 	 	37,960	 	 	 	35,487	 	
Less: Income tax expense(2)	  	 	(1,651	) 	 	 	(1,781	) 	 	 	(10,249	) 	 	 	(9,652	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations as adjusted	  	$	4,464	 	 	$	4,768	 	 	$	27,711	 	 	$	25,835	 	
Adjusted earnings per diluted share from continuing operations(3)	  	$	0.12	 	 	$	0.13	 	 	$	0.78	 	 	$	0.76	 	
 
(1)	Includes $23,008 for provision for loss on note receivable and $10,323 for lease guarantee.	
(2)	Income taxes are calculated using the normalized effective tax rate for each year. The rate used in 2019 is 27% and in 2018 was 27.2%.	
(3)	Adjusted earnings per diluted share for year ended December 31, 2018 was calculated using 33,825,370 shares.	

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

 	  	December 31, 2019	 	  	December 31, 2018	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	75,527	 	  	$	58,894	 	
Accounts receivable, net	  	 	62,279	 	  	 	72,939	 	
Income tax receivable	  	 	142	 	  	 	4,892	 	
Inventories, net	  	 	44,260	 	  	 	43,596	 	
Prepaid expenses and other current assets	  	 	2,834	 	  	 	2,534	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	185,042	 	  	 	182,855	 	
Property, plant, & equipment, net	  	 	54,964	 	  	 	65,460	 	
Right of use asset - operating leases	  	 	5,901	 	  	 	—  	 	
Deferred income taxes	  	 	5,807	 	  	 	5,270	 	
Other assets	  	 	101,425	 	  	 	95,060	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	353,139	 	  	$	348,645	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	46,867	 	  	$	60,849	 	
Accrued expenses	  	 	33,701	 	  	 	36,574	 	
Operating lease liability - short-term	  	 	2,057	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	82,625	 	  	 	97,423	 	
Long-term debt	  	 	77,176	 	  	 	76,790	 	
Operating lease liability - long-term	  	 	4,074	 	  	 	—  	 	
Other liabilities	  	 	22,582	 	  	 	19,794	 	
Total Shareholders’ Equity	  	 	166,682	 	  	 	154,638	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	353,139	 	  	$	348,645	 	

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

 	  	Year Ended December 31,	 	
 	  	2019	 	 	2018	 	
Cash Flows From Operating Activities	  				 				
Net income (loss)	  	$	24,333	 	 	$	(3,349	) 	
Income (loss) from discontinued operations, net of income taxes	  	 	118	 	 	 	(1,701	) 	
	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	24,215	 	 	 	(1,648	) 	
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	15,120	 	 	 	17,638	 	
Amortization	  	 	8,463	 	 	 	8,485	 	
Accelerated depreciation associated with restructuring activities	  	 	—  	 	 	 	16	 	
Non-cash stock-based compensation expense	  	 	1,715	 	 	 	4,257	 	
(Gain) loss on disposal of fixed assets	  	 	—  	 	 	 	(8	) 	
Provision for loss on note receivable	  	 	—  	 	 	 	23,008	 	
Lease guarantee contingency	  	 	—  	 	 	 	10,323	 	
Deferred taxes	  	 	(922	) 	 	 	(9,450	) 	
Interest income accrued on note receivable	  	 	—  	 	 	 	(361	) 	
Impairment charges	  	 	916	 	 	 	308	 	
Other	  	 	583	 	 	 	457	 	
Payments on performance based compensation	  	 	(413	) 	 	 	(1,249	) 	
Other long-term liabilities	  	 	3,578	 	 	 	180	 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	12,479	 	 	 	4,927	 	
Inventories	  	 	2,222	 	 	 	3,151	 	
Prepaid expenses and other current assets	  	 	(243	) 	 	 	(353	) 	
Accounts payable and accrued expenses	  	 	(20,687	) 	 	 	713	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	47,026	 	 	 	60,394	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	7,297	 	 	 	858	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	54,323	 	 	 	61,252	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(10,294	) 	 	 	(5,123	) 	
Acquisition of business	  	 	(18,000	) 	 	 	—  	 	
Proceeds from sale of property, plant and equipment	  	 	7,537	 	 	 	2,633	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	(20,757	) 	 	 	(2,490	) 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	(20,757	) 	 	 	(2,490	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net repayments of credit facility	  	 	—  	 	 	 	(74,557	) 	
Cash dividends paid	  	 	(19,316	) 	 	 	(17,862	) 	
Proceeds from issuance of common stock	  	 	3,336	 	 	 	2,853	 	
Proceeds from public offering of common stock, net of equity issuance costs	  	 	—  	 	 	 	79,522	 	
Shares withheld for employee taxes on equity awards	  	 	(1,008	) 	 	 	(714	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(16,988	) 	 	 	(10,758	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(16,988	) 	 	 	(10,758	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	55	 	 	 	(289	) 	
	  	 	 	 	 	 	 	 	
Net increase in cash and restricted cash	  	 	16,633	 	 	 	47,715	 	
Cash and restricted cash at January 1	  	 	58,894	 	 	 	11,179	 	
	  	 	 	 	 	 	 	 	
Cash and restricted cash at December 31	  	$	75,527	 	 	$	58,894	 	

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
December 31, 2019	 	 	 	 	  	YTD
December 31, 2018	 	 	 	 	  	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	47,026	 	 				  	$	60,394	 	 				  				
Capital expenditures	  	 	(10,294	) 	 				  	 	(5,123	) 	 				  				
	  	 	 	 	 				  	 	 	 	 				  				
Free cash flow	  	$	36,732	 	 				  	$	55,271	 	 				  				

 	  	YTD
December 31, 2019	 	 	 	 	  	YTD
September 30, 2019	 	 	 	 	  	Quarter
December 31, 2019	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	47,026	 	 	 	-	 	  	$	39,492	 	 	 	=	 	  	$	7,534	 	
Capital expenditures	  	 	(10,294	) 	 	 	-	 	  	 	(5,669	) 	 	 	=	 	  	 	(4,625	) 	
	  	 	 	 	 				  	 	 	 	 				  	 	 	 	
Free cash flow	  	$	36,732	 	 	 	-	 	  	$	33,823	 	 	 	=	 	  	$	2,909	 	

 	  	YTD
December 31, 2018	 	 	 	 	  	YTD
September 30, 2018	 	 	 	 	  	Quarter
December 31, 2018	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	60,394	 	 	 	-	 	  	$	41,121	 	 	 	=	 	  	$	19,273	 	
Capital expenditures	  	 	(5,123	) 	 	 	-	 	  	 	(3,560	) 	 	 	=	 	  	 	(1,563	) 	
	  	 	 	 	 				  	 	 	 	 				  	 	 	 	
Free cash flow	  	$	55,271	 	 	 	-	 	  	$	37,561	 	 	 	=	 	  	$	17,710	 	

MYERS INDUSTRIES, INC. Fourth Quarter & Full Year 2019 Earnings Presentation 21 54 91 142 184 230 56 67 73 Font Color Exhibit 99.2

Safe Harbor Statement & Non-GAAP Measures Statements in this presentation include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed “forward-looking”. Words such as “expect”, “believe”, “project”, “plan”, “anticipate”, “intend”, “objective”, “outlook”, “target”, “goal”, “view” and similar expressions identify forward-looking statements. These statements are based on management's current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Company's control that could cause actual results to materially differ from those expressed or implied. Risks and uncertainties include: raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company's business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities, or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; and other risks as detailed in the Company's 10-K and other reports filed with the Securities and Exchange Commission. Such reports are available on the Securities and Exchange Commission's public reference facilities and its website at www.sec.gov and on the Company's Investor Relations section of its website at www.myersindustries.com. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made. The Company refers to certain non-GAAP financial measures throughout this presentation. Adjusted EPS, adjusted income per diluted share from continuing operations, adjusted operating income, adjusted gross profit, adjusted EBITDA, adjusted EBITDA margin and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. The Company believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures are available in the appendix of this presentation.

2019 Full Year Overview Challenges Achievements Distribution Segment transformation actions delivered results Sales increased 6.5% compared to 2018 Increase was 1.7% excluding the Tuffy acquisition Adjusted EBITDA margin increased 270 bps to 8.0% Completed acquisition of Tuffy Manufacturing Industries, Inc. in August 2019 for $18M Material Handling Segment delivered margin improvement despite challenges Adjusted EBITDA margin increased 130 bps to 21.2% Adjusted operating income increased by 4.0%, despite a 9.0% decline in net sales Generated free cash flow of $36.7M Sales declined across all end markets in the Material Handling Segment Sales declined in our Consumer end market due to softer demand for fuel containers as a result of an unprecedented wet spring season Shifts in agricultural demand and a consolidation of customers led to lower seed box sales in our Food and Beverage end market The multi-year correction in the RV market led to continued lower sales to RV customers resulting in a year-over-year decline in our Vehicle end market Industrial end market sales were lower due to an overall weaker demand environment, especially during Q4 Recorded a $3.5M charge in Q3 for estimated product replacement costs related to a manufacturing defect No additional charges were recorded in Q4 Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q4 2019 Financial Summary Operating Highlights Net sales down 15.6%, compared to Q4 2018 Material Handling down $26.1M (-26.2%) Distribution up $4.6M (+11.8%) Adjusted gross profit margin expanded to 33.6% from 30.5% Favorable price-cost margin and productivity improvements Adjusted op income down 6.7% to $7.1M, compared to $7.7M in Q4 2018 Adjusted op income margin increased due to higher gross margin, savings from Distribution Segment transformation and lower incentive compensation costs Adjusted EBITDA down 6.5% to $12.9M, compared to $13.8 million in Q4 2018 Adjusted EPS of $0.12, compared to $0.13 in Q4 2018 GAAP Financial Highlights Non-GAAP Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Material Handling Segment Net sales down 26.2% vs. Q4 2018 Food and Beverage end market down double digits due to lower seed box sales Consumer end market down mid-teens due to continued soft demand for fuel containers Industrial end market down mid-teens due to a weak overall demand environment Vehicle end market down mid-teens due to slowing demand from automotive OEMs Lower sales volume more than offset favorable price-cost margin, productivity gains and lower incentive compensation Q4 Segment Results Material Handling Financial Highlights Distribution Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations. Distribution Segment Net sales up 11.8% vs. Q4 2018 due primarily to incremental sales from the Tuffy acquisition Adjusted EBITDA up $3.2 million as a result of savings from transformation initiatives and Tuffy acquisition Segment on track to deliver 10% EBITDA margin by the end of 2020 as a result of executing its transformation plan

Working Capital as a % of TTM Sales Balance Sheet and Cash Flow Cash Flow ($M) and Cash Flow as % of Sales Total Debt ($M) and Debt to Adj. EBITDA Operating Cash Flow Free Cash Flow (FCF) 7.1% 9.8% 9.1% 10.7% 1.2x 2019 Highlights Free cash flow generation of $36.7M, compared to $55.3M last year Decrease in accounts payable and accrued liabilities due to lower sales volume and variable compensation accruals Increase in capital spending year-over-year Working capital as a percentage of sales remains consistent with previous quarters Results reflect continuing operations. See appendix for non-GAAP reconciliations.

2019 % of Total Sales 2020 Expectations Low-single digits High-single digits Low-single digits Low-single digits Low-teens Anticipate increased demand from seed box customers following soft prior year season; expect continued higher sales to food processing customers Expect sales of fuel containers to be up as a result of improved end-market demand following weak demand in 2019 due to a wet spring season Expect increased sales to RV customers to be more than offset by lower sales to automotive customers due primarily to fewer new model launches and redesigns by large customers Anticipate higher sales due to growth in e-commerce and share gains associated with expanded market coverage Sales expected to increase as a result of Tuffy acquisition and continued execution of strategic initiatives Sales anticipated to be up mid-single digits 2020 Fiscal Year Sales Outlook 2020 Operating Framework

2020 Fiscal Year Guidance Net sales growth:~ Up mid-single digits D&A: ~ $21M Net interest expense:~ $4M Effective tax rate (normalized):~ 27% Diluted share count:~ 36M Diluted EPS:$1.05 - $1.15 Adjusted diluted EPS: $0.85 - $0.95 Capital expenditures: ~ $15M

Appendix

2019 Full Year Financial Summary Operating Highlights Net sales down 9.0%, compared to 2018 Material Handling down $60.8M (-14.6%) Distribution up $9.7M (+6.5%) Adjusted gross profit margin expanded to 33.3% from 31.8% Favorable price-cost margin and productivity gains offset lower volume and $3.5M charge recorded during Q3 for estimated product replacement costs Adjusted op income up 4.0% to $42.0M, compared to $40.4M in 2018 Higher gross margin, lower incentive compensation costs and savings from Distribution Segment transformation Adjusted EBITDA down 1.2% to $65.2M, compared to $66.0 million in 2018 Adjusted EPS of $0.78, compared to $0.76 in 2018 GAAP Financial Highlights Non-GAAP Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations.

2019 Full Year Segment Results Material Handling Financial Highlights Distribution Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations. Distribution Segment Net sales up 6.5% vs. 2018 Sales up 1.7% excluding Tuffy acquisition Adjusted EBITDA up $4.8 million as a result of savings from transformation initiatives, higher sales volume and Tuffy acquisition Segment on track to deliver 10% EBITDA margin by the end of 2020 as a result of executing its transformation plan Material Handling Segment Net sales down 14.6% vs. 2018 Food and Beverage end market down double digits due to lower seed box sales Consumer end market down high-single digits due to decreased demand for fuel containers resulting from wet spring season Industrial end market down mid-single digits due primarily to a weak overall demand environment, especially during Q4 Vehicle end market down mid-teens due to continued RV market decline and slowing demand from automotive OEMs Lower sales volume and $3.5M charge in Q3 for estimated product replacement costs more than offset favorable price-cost margin, productivity gains and lower incentive compensation costs

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 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)