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): November 5, 2019

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

 
					
Ohio	 	001-8524	 	34-0778636	
(State or Other Jurisdiction
of Incorporation)	 	(Commission
File Number)	 	(I.R.S. Employer
Identification No.)	
1293 South Main Street, Akron, Ohio 44301
(Address of Principal Executive Offices, and Zip Code)
(330) 253-5592
Registrant’s Telephone Number, Including Area Code
 
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 	☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
 	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
 	☐	Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
 	☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	
Securities registered pursuant to Section 12(b) of the Act:

Title of each class	 	Trading
Symbol	 	Name of each exchange
on which registered	
Common Stock, without par value	 	MYE	 	The New York Stock Exchange	
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 November 5, 2019, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the third quarter ended September 30, 2019. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the presentation which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on November 5, 2019, is attached as Exhibit 99.2 to this Current Report on Form 8-K. Information about the call can be found in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K
Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02 and Exhibits 99.1 and 99.2 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section. Furthermore, the information in this Item 2.02 and Exhibits 99.1 and 99.2 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended (the “Securities Act”) except as may be expressly set forth by specific reference in such filing.
 
Item 7.01	Regulation FD Disclosure.	
As described in “Item 2.02 Results of Operations and Financial Condition” above, on November 5, 2019, the Company issued a press release announcing earnings results for the third quarter ended September 30, 2019, the full text of which is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the presentation which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on November 5, 2019 is attached as Exhibit 99.2 to this Current Report on Form 8-K.
Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 7.01 and Exhibits 99.1 and 99.2 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. Furthermore, the information in this Item 7.01 and Exhibits 99.1 and 99.2 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act except as may be expressly set forth by specific reference in such filing.
 
Item 9.01	Financial Statements and Exhibits.	
 
(d)	Exhibits.	

	Exhibit
Number	  		Description	
			
99.1	  	Press Release dated November 5, 2019		
			
99.2	  	Third Quarter 2019 Earnings Presentation dated November 5, 2019		

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Myers Industries, Inc.	
		
By:	 	/s/ Andrean R. Horton	
Andrean R. Horton	
Interim President and Chief Executive Officer,	
Chief Legal Officer and Secretary	
Date: November 5, 2019

Exhibit 99.1

Myers Industries Reports 2019 Third Quarter Results
Updates Full-Year Outlook
November 5, 2019, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, today announced results for the third quarter ended September 30, 2019.
Third Quarter 2019 Financial Highlights
 
 	•	 	GAAP income per diluted share from continuing operations was $0.15, compared to a loss of $0.60 for the third quarter of 2018, which included a charge of $33.3 million related to the 2015 sale of the Company’s Lawn and Garden business; adjusted income per diluted share from continuing operations was $0.15, which was flat compared to the third quarter of 2018	
 
 	•	 	Net sales decreased 7.2% to $125.5 million	
 
 	•	 	Adjusted operating income increased 7.9% to $8.5 million, despite a $3.5 million charge for estimated product replacement costs related to a manufacturing defect in certain boxes produced within the Material Handling Segment in 2019	
 
 	•	 	Generated cash flow from continuing operations of $23.3 million and free cash flow of $22.1 million	
 
 	•	 	Completed acquisition of Tuffy Manufacturing for $18 million in August 2019	
Updated Full-Year 2019 Outlook
 
 	•	 	Full-year 2019 net sales are now expected to be down high single digits due primarily to soft demand in the Company’s food and beverage end market, which is anticipated to continue during the fourth quarter	
 
 	•	 	Full-year GAAP income per diluted share from continuing operations is expected to be in the range of $0.65 to $0.70 for 2019; adjusted income per diluted share from continuing operations is expected to be in the range of $0.75 to $0.80	
“Third quarter adjusted operating income grew despite a decrease in net sales and the charge for estimated product replacement costs in our Material Handling Segment. Net sales were down 7.2% due to softer than anticipated demand in our food and beverage and industrial end markets coupled with continued weakness in our consumer and vehicle end markets. The volume declines were more than offset by cost decreases and savings from the Distribution Segment transformation,” said Andrean Horton, Interim President and Chief Executive Officer of Myers Industries.
Ms. Horton continued, “Within our Distribution Segment, we continued to make progress and execute on the transformation while also integrating the recently acquired Tuffy Manufacturing Industries, Inc. The 2019 third quarter marked the fourth consecutive quarter of net sales growth with adjusted EBITDA increasing by 38.9%. We continue to be on track to meet our Distribution Segment EBITDA margin goal of 10% by the end of 2020.”
Overall Results
Third quarter 2019 net sales decreased $9.7 million or 7.2% to $125.5 million, compared to the third quarter of 2018. The decrease was the result of a sales decline in the Material Handling Segment. Gross profit decreased $2.5 million to $39.6 million, compared to the third quarter of 2018. Gross profit margin increased 40 basis points to 31.5%. Favorable price-cost margin more than offset the lower sales volume and $3.5 million charge taken during the quarter for estimated product replacement costs. Selling, general and administrative expenses decreased $2.9 million to $31.5 million, compared to the third quarter of 2018, due primarily to lower variable compensation costs and savings from the Distribution Segment’s transformation initiatives. GAAP income per diluted share from continuing operations was $0.15, compared to a loss of $0.60 for the third quarter 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 $0.15, which was flat compared to the third quarter of 2018.

																									
 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
(Dollars in thousands, except per share data)	  	2019	 	 	2018	 	 	% Inc
(Dec)	 	 	2019	 	 	2018	 	 	% Inc
(Dec)	 	
Net sales	  	$	125,480	 	 	$	135,219	 	 	 	(7.2	)% 	 	$	398,880	 	 	$	428,347	 	 	 	(6.9	)% 	
Gross profit	  	$	39,586	 	 	$	42,091	 	 	 	(6.0	)% 	 	$	132,081	 	 	$	137,197	 	 	 	(3.7	)% 	
Gross profit margin	  	 	31.5	% 	 	 	31.1	% 	 				 	 	33.1	% 	 	 	32.0	% 	 				
Operating income (loss)	  	$	8,060	 	 	$	(25,839	) 	 	 	—  	 	 	$	28,460	 	 	$	(706	) 	 	 	—  	 	
Income (loss) from continuing operations:	  				 				 				 				 				 				
Income (loss)	  	$	5,219	 	 	$	(21,137	) 	 	 	—  	 	 	$	18,468	 	 	$	(4,774	) 	 	 	—  	 	
Income (loss) per diluted share	  	$	0.15	 	 	$	(0.60	) 	 	 	—  	 	 	$	0.52	 	 	$	(0.15	) 	 	 	—  	 	
Operating income as adjusted(1)	  	$	8,516	 	 	$	7,893	 	 	 	7.9	% 	 	$	34,905	 	 	$	32,773	 	 	 	6.5	% 	
Income from continuing operations as adjusted(1):	  				 				 				 				 				 				
Income	  	$	5,492	 	 	$	5,258	 	 	 	4.4	% 	 	$	23,248	 	 	$	21,704	 	 	 	7.1	% 	
Income per diluted share	  	$	0.15	 	 	$	0.15	 	 	 	0.0	% 	 	$	0.65	 	 	$	0.65	 	 	 	0.0	% 	
EBITDA as adjusted(1)	  	$	14,011	 	 	$	14,157	 	 	 	(1.0	)% 	 	$	52,260	 	 	$	52,136	 	 	 	0.2	% 	
 
(1)	Detail regarding the adjustments is provided on the Reconciliations of Non-GAAP Financial Measures included in this release.	
Segment Results
Net sales in the Material Handling Segment (consumer, food and beverage, industrial and vehicle end markets) for the third quarter of 2019 decreased $13.6 million or 13.9% compared to the third quarter of 2018. The decrease in net sales was primarily due to sales decreases in the Company’s food and beverage (lower seed box sales) and industrial (lower military product sales) end markets. The segment’s adjusted EBITDA declined 9.7% to $15.4 million for the third quarter of 2019, compared to $17.1 million for the third quarter of 2018. The lower sales volume and charge for estimated product replacement costs were partially offset by favorable price-cost margin and lower variable incentive compensation costs. Material Handling adjusted EBITDA margin for the third quarter increased 90 basis points to 18.4%.
Net sales in the Distribution Segment (auto aftermarket end market) for the third quarter of 2019 increased $3.8 million or 10.2% compared to the third quarter of 2018. Incremental sales due to the August 2019 Tuffy acquisition totaled $2.4 million. The segment’s adjusted EBITDA increased 38.9% to $4.0 million compared to the third quarter of 2018, due primarily to savings from the segment’s transformation initiatives, higher sales volume and the Tuffy acquisition. The Company continues to execute its transformation plan, which includes enhancements in its go-to-market strategy, the implementation of 80/20 to drive improved contribution margins, and optimization of its logistics and overhead costs, with a goal to expand Distribution EBITDA margin to 10% by the end of 2020. Distribution adjusted EBITDA margin for the third quarter increased 190 basis points to 9.5%.
2019 Outlook
For the full-year 2019, the Company now anticipates that total revenue year-over-year will be down high single digits versus its previous expectation of down low-to-mid single digits year-over-year. While the Company anticipates full-year sales growth in its Distribution Segment, it expects that growth to be more than offset by lower year-over-year sales in its Material Handling Segment.
“The Tuffy acquisition completed in the third quarter has already contributed to the Distribution Segment’s growth and we expect that acquisition along with our strategic initiatives to result in increased sales for the fourth quarter as well,” said Ms. Horton. “With respect to our Material Handling Segment, there continues to be uncertainty in the farm sector due to the late planting season, and some of our food and beverage customers have indicated that demand for the upcoming season will be softer than expected. Additionally, sales in our industrial end market declined year-over-year during the third quarter due to softer than anticipated demand for our military products. Although we anticipate continued sales growth in Distribution, we believe those sales increases won’t be enough to overcome the expected market declines in Material Handling. As a result, we are adjusting our full-year sales outlook to reflect the impact of these updated expectations.”
The Company anticipates depreciation and amortization to be approximately $24 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 $0.65 to $0.70, which is updated from the Company’s previous estimate of $0.62 to $0.72. The updated GAAP earnings outlook reflects the decreased sales outlook and the $3.5 million charge for estimated product replacement costs, partially offset by a decrease in incentive compensation costs and an anticipated reversal of approximately $2.3 million of stock compensation

costs during the fourth quarter of 2019, resulting from the departure of the Company’s CEO in October 2019. The Company anticipates that adjusted income per diluted share from continuing operations will be in the range of $0.75 to $0.80, which is updated from the Company’s previous estimate of $0.75 to $0.85, and is based on a fully diluted share count of 36 million shares. The updated adjusted earnings outlook reflects the same items mentioned above, except for the anticipated reversal of approximately $2.3 million of stock compensation costs during the fourth quarter of 2019, which the Company expects to exclude from adjusted earnings. Capital expenditures are anticipated to be approximately $10 million.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Tuesday, November 5, 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 8985798. 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 8985798.
Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted income per diluted share from continuing operations, operating income as adjusted, income from continuing operations as adjusted, EBITDA as adjusted, adjusted operating income, adjusted EBITDA, adjusted EPS and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel and under vehicle service industry in the United States. Visit www.myersindustries.com to learn more.
Caution on Forward-Looking Statements
Statements in this release include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed “forward-looking”. Words such as “expect”, “believe”, “project”, “plan”, “anticipate”, “intend”, “objective”, “outlook”, “target”, “goal”, “view” and similar expressions identify forward-looking statements. These statements are based on management’s current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Company’s control that could cause actual results to materially differ from those expressed or implied. Risks and uncertainties include: raw material availability, increases in raw material costs, or other production costs; risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; operational problems at our manufacturing facilities, or unexpected failures at those facilities; future economic and financial conditions in the United States and around the world; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange Commission. Such reports are available on the Securities and Exchange Commission’s public reference facilities and its website at www.sec.gov and on the Company’s Investor Relations section of its website at www.myersindustries.com. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made.
Contact: Monica Vinay, Vice President, Investor Relations & Treasurer, (330) 761-6212

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

 	  	Quarter Ended	 	 	Nine Months Ended	 	
 	  	September 30,
2019	 	  	September 30,
2018	 	 	September 30,
2019	 	 	September 30,
2018	 	
Net sales	  	$	125,480	 	  	$	135,219	 	 	$	398,880	 	 	$	428,347	 	
Cost of sales	  	 	85,894	 	  	 	93,128	 	 	 	266,799	 	 	 	291,150	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Gross profit	  	 	39,586	 	  	 	42,091	 	 	 	132,081	 	 	 	137,197	 	
Selling, general and administrative expenses	  	 	31,515	 	  	 	34,381	 	 	 	102,792	 	 	 	104,360	 	
(Gain) loss on disposal of fixed assets	  	 	11	 	  	 	218	 	 	 	(87	) 	 	 	(96	) 	
Impairment charges	  	 	—  	 	  	 	—  	 	 	 	916	 	 	 	308	 	
Other expenses	  	 	—  	 	  	 	33,331	 	 	 	—  	 	 	 	33,331	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  	 	8,060	 	  	 	(25,839	) 	 	 	28,460	 	 	 	(706	) 	
Interest expense, net	  	 	993	 	  	 	883	 	 	 	3,059	 	 	 	3,835	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	7,067	 	  	 	(26,722	) 	 	 	25,401	 	 	 	(4,541	) 	
Income tax expense (benefit)	  	 	1,848	 	  	 	(5,585	) 	 	 	6,933	 	 	 	233	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	5,219	 	  	 	(21,137	) 	 	 	18,468	 	 	 	(4,774	) 	
Income (loss) from discontinued operations, net of income tax	  	 	—  	 	  	 	(2	) 	 	 	127	 	 	 	(913	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	5,219	 	  	$	(21,139	) 	 	$	18,595	 	 	$	(5,687	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) per common share from continuing operations:	  				  				 				 				
Basic	  	$	0.15	 	  	$	(0.60	) 	 	$	0.52	 	 	$	(0.15	) 	
Diluted	  	$	0.15	 	  	$	(0.60	) 	 	$	0.52	 	 	$	(0.15	) 	
Income (loss) per common share from discontinued operations:	  				  				 				 				
Basic	  	$	—  	 	  	$	—  	 	 	$	—  	 	 	$	(0.02	) 	
Diluted	  	$	—  	 	  	$	—  	 	 	$	—  	 	 	$	(0.02	) 	
Net income (loss) per common share:	  				  				 				 				
Basic	  	$	0.15	 	  	$	(0.60	) 	 	$	0.52	 	 	$	(0.17	) 	
Diluted	  	$	0.15	 	  	$	(0.60	) 	 	$	0.52	 	 	$	(0.17	) 	
Weighted average common shares outstanding:	  				  				 				 				
Basic	  	 	35,495,157	 	  	 	35,229,171	 	 	 	35,451,980	 	 	 	32,783,853	 	
Diluted	  	 	35,759,032	 	  	 	35,229,171	 	 	 	35,823,231	 	 	 	32,783,853	 	

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

 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
 	  	2019	 	 	2018	 	 	% Change	 	 	2019	 	 	2018	 	 	% Change	 	
Net sales	  				 				 				 				 				 				
Material Handling	  	$	84,110	 	 	$	97,682	 	 	 	(13.9	)% 	 	$	282,963	 	 	$	317,621	 	 	 	(10.9	)% 	
Distribution	  	 	41,388	 	 	 	37,557	 	 	 	10.2	% 	 	 	115,957	 	 	 	110,815	 	 	 	4.6	% 	
Inter-company Sales	  	 	(18	) 	 	 	(20	) 	 	 	—  	 	 	 	(40	) 	 	 	(89	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	125,480	 	 	$	135,219	 	 	 	(7.2	)% 	 	$	398,880	 	 	$	428,347	 	 	 	(6.9	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  				 				 				 				 				 				
Material Handling	  	$	10,385	 	 	$	10,812	 	 	 	(3.9	)% 	 	$	44,181	 	 	$	44,865	 	 	 	(1.5	)% 	
Distribution	  	 	3,382	 	 	 	2,546	 	 	 	32.8	% 	 	 	6,923	 	 	 	7,070	 	 	 	(2.1	)% 	
Corporate	  	 	(5,707	) 	 	 	(39,197	) 	 	 	—  	 	 	 	(22,644	) 	 	 	(52,641	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	8,060	 	 	$	(25,839	) 	 	 	(131.2	)% 	 	$	28,460	 	 	$	(706	) 	 	 	(4131.2	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  				 				 				 				 				 				
Material Handling	  	$	10,385	 	 	$	11,213	 	 	 	(7.4	)% 	 	$	45,269	 	 	$	45,370	 	 	 	(0.2	)% 	
Distribution	  	 	3,603	 	 	 	2,546	 	 	 	41.5	% 	 	 	8,045	 	 	 	6,405	 	 	 	25.6	% 	
Corporate	  	 	(5,472	) 	 	 	(5,866	) 	 	 	—  	 	 	 	(18,409	) 	 	 	(19,002	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	8,516	 	 	$	7,893	 	 	 	7.9	% 	 	$	34,905	 	 	$	32,773	 	 	 	6.5	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	12.3	% 	 	 	11.5	% 	 				 	 	16.0	% 	 	 	14.3	% 	 				
Distribution	  	 	8.7	% 	 	 	6.8	% 	 				 	 	6.9	% 	 	 	5.8	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	6.8	% 	 	 	5.8	% 	 				 	 	8.8	% 	 	 	7.7	% 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
EBITDA as adjusted	  				 				 				 				 				 				
Material Handling	  	$	15,444	 	 	$	17,107	 	 	 	(9.7	)% 	 	$	61,441	 	 	$	63,499	 	 	 	(3.2	)% 	
Distribution	  	 	3,952	 	 	 	2,845	 	 	 	38.9	% 	 	 	8,919	 	 	 	7,314	 	 	 	21.9	% 	
Corporate	  	 	(5,385	) 	 	 	(5,795	) 	 	 	—  	 	 	 	(18,100	) 	 	 	(18,677	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	14,011	 	 	$	14,157	 	 	 	(1.0	)% 	 	$	52,260	 	 	$	52,136	 	 	 	0.2	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	18.4	% 	 	 	17.5	% 	 				 	 	21.7	% 	 	 	20.0	% 	 				
Distribution	  	 	9.5	% 	 	 	7.6	% 	 				 	 	7.7	% 	 	 	6.6	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	11.2	% 	 	 	10.5	% 	 				 	 	13.1	% 	 	 	12.2	% 	 				

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

 	  	September 30, 2019	 	  	December 31, 2018	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	74,814	 	  	$	58,894	 	
Accounts receivable, net	  	 	65,129	 	  	 	72,939	 	
Income tax receivable	  	 	—  	 	  	 	4,892	 	
Inventories	  	 	44,009	 	  	 	43,596	 	
Prepaid expenses and other current assets	  	 	3,441	 	  	 	2,534	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	187,393	 	  	 	182,855	 	
Property, plant, & equipment, net	  	 	56,096	 	  	 	65,460	 	
Right of use asset - operating leases	  	 	6,384	 	  	 	—  	 	
Deferred income taxes	  	 	6,074	 	  	 	5,270	 	
Other assets	  	 	101,339	 	  	 	95,060	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	357,286	 	  	$	348,645	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	54,196	 	  	$	60,849	 	
Accrued expenses	  	 	32,867	 	  	 	36,574	 	
Operating lease liability - short-term	  	 	2,215	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	89,278	 	  	 	97,423	 	
Long-term debt	  	 	77,080	 	  	 	76,790	 	
Operating lease liability - long-term	  	 	4,402	 	  	 	—  	 	
Other liabilities	  	 	22,706	 	  	 	19,794	 	
Total Shareholders’ Equity	  	 	163,820	 	  	 	154,638	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	357,286	 	  	$	348,645	 	

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

 	  	Nine Months Ended September 30,	 	
 	  	2019	 	 	2018	 	
Cash Flows From Operating Activities	  				 				
Net income (loss)	  	$	18,595	 	 	$	(5,687	) 	
Income (loss) from discontinued operations, net of income taxes	  	 	127	 	 	 	(913	) 	
	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	18,468	 	 	 	(4,774	) 	
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	11,505	 	 	 	13,329	 	
Amortization	  	 	6,183	 	 	 	6,455	 	
Accelerated depreciation associated with restructuring activities	  	 	—  	 	 	 	16	 	
Non-cash stock-based compensation expense	  	 	3,348	 	 	 	3,532	 	
(Gain) loss on disposal of fixed assets	  	 	(87	) 	 	 	(96	) 	
Provision for loss on note receivable	  	 	—  	 	 	 	23,008	 	
Lease guarantee contingency	  	 	—  	 	 	 	10,323	 	
Deferred taxes	  	 	—  	 	 	 	(7,666	) 	
Impairment charges	  	 	916	 	 	 	308	 	
Other	  	 	441	 	 	 	(150	) 	
Payments on performance based compensation	  	 	(413	) 	 	 	(1,249	) 	
Other long-term liabilities	  	 	3,388	 	 	 	(313	) 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	9,775	 	 	 	7,890	 	
Inventories	  	 	2,386	 	 	 	2,708	 	
Prepaid expenses and other current assets	  	 	(877	) 	 	 	(853	) 	
Accounts payable and accrued expenses	  	 	(15,541	) 	 	 	(11,347	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	39,492	 	 	 	41,121	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	7,297	 	 	 	858	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	46,789	 	 	 	41,979	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(5,669	) 	 	 	(3,560	) 	
Acquisition of business	  	 	(18,000	) 	 	 	—  	 	
Proceeds from sale of property, plant and equipment	  	 	7,514	 	 	 	2,633	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	(16,155	) 	 	 	(927	) 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	(16,155	) 	 	 	(927	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net borrowing (repayments) on credit facility	  	 	—  	 	 	 	(74,557	) 	
Cash dividends paid	  	 	(14,524	) 	 	 	(13,039	) 	
Proceeds from issuance of common stock	  	 	755	 	 	 	2,825	 	
Proceeds from public offering of common stock, net of equity issuance costs	  	 	—  	 	 	 	79,522	 	
Shares withheld for employee taxes on equity awards	  	 	(985	) 	 	 	(446	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(14,754	) 	 	 	(5,695	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(14,754	) 	 	 	(5,695	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	40	 	 	 	(31	) 	
	  	 	 	 	 	 	 	 	
Net increase in cash and restricted cash	  	 	15,920	 	 	 	35,326	 	
Cash and restricted cash at January 1	  	 	58,894	 	 	 	11,179	 	
	  	 	 	 	 	 	 	 	
Cash and restricted cash at September 30	  	$	74,814	 	 	$	46,505	 	

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

 	  	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	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	39,586	 	 	 	—  	 	 	 	39,586	 	
Gross profit margin as adjusted	  				 				 	 	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	 	
Less: Depreciation adjustments	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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	% 	
		
 	  	Quarter Ended September 30, 2018	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	97,682	 	 	$	37,557	 	 	$	135,239	 	 	$	(20	) 	 	$	135,219	 	
GAAP Gross profit	  				 				 	 	42,091	 	 	 	—  	 	 	 	42,091	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	286	 	 	 	—  	 	 	 	286	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	42,377	 	 	 	—  	 	 	 	42,377	 	
Gross profit margin as adjusted	  				 				 	 	31.3	% 	 	 	n/a	 	 	 	31.3	% 	
						
GAAP Operating income (loss)	  	 	10,812	 	 	 	2,546	 	 	 	13,358	 	 	 	(39,197	) 	 	 	(25,839	) 	
Add: Restructuring expenses and other adjustments(1)	  	 	401	 	 	 	—  	 	 	 	401	 	 	 	—  	 	 	 	401	 	
Add: Provision for loss on note receivable	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	23,008	 	 	 	23,008	 	
Add: Lease guarantee	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	10,323	 	 	 	10,323	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	11,213	 	 	 	2,546	 	 	 	13,759	 	 	 	(5,866	) 	 	 	7,893	 	
Operating income margin as adjusted	  	 	11.5	% 	 	 	6.8	% 	 	 	10.2	% 	 	 	n/a	 	 	 	5.8	% 	
						
Add: Depreciation and amortization	  	 	5,960	 	 	 	299	 	 	 	6,259	 	 	 	71	 	 	 	6,330	 	
Less: Depreciation adjustments	  	 	(66	) 	 	 	—  	 	 	 	(66	) 	 	 	—  	 	 	 	(66	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	17,107	 	 	$	2,845	 	 	$	19,952	 	 	$	(5,795	) 	 	$	14,157	 	
EBITDA margin as adjusted	  	 	17.5	% 	 	 	7.6	% 	 	 	14.8	% 	 	 	n/a	 	 	 	10.5	% 	
 
(1)	Includes gross profit adjustments of $286 and SG&A adjustments of $115	

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

 	  	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	

 	  	Nine Months Ended September 30, 2018	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	317,621	 	 	$	110,815	 	 	$	428,436	 	 	$	(89	) 	 	$	428,347	 	
GAAP Gross profit	  				 				 	 	137,197	 	 	 	—  	 	 	 	137,197	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	575	 	 	 	—  	 	 	 	575	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	137,772	 	 	 	—  	 	 	 	137,772	 	
Gross profit margin as adjusted	  				 				 	 	32.2	% 	 	 	n/a	 	 	 	32.2	% 	
GAAP Operating income (loss)	  	 	44,865	 	 	 	7,070	 	 	 	51,935	 	 	 	(52,641	) 	 	 	(706	) 	
Add: Restructuring expenses and other adjustments(1)	  	 	713	 	 	 	—  	 	 	 	713	 	 	 	—  	 	 	 	713	 	
Add: Provision for loss on note receivable	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	23,008	 	 	 	23,008	 	
Add: Lease guarantee	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	10,323	 	 	 	10,323	 	
Add: Asset impairment	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	308	 	 	 	308	 	
Add: Loss (gain) on sale of assets	  	 	(208	) 	 	 	(665	) 	 	 	(873	) 	 	 	—  	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	45,370	 	 	 	6,405	 	 	 	51,775	 	 	 	(19,002	) 	 	 	32,773	 	
Operating income margin as adjusted	  	 	14.3	% 	 	 	5.8	% 	 	 	12.1	% 	 	 	n/a	 	 	 	7.7	% 	
Add: Depreciation and amortization	  	 	18,276	 	 	 	909	 	 	 	19,185	 	 	 	325	 	 	 	19,510	 	
Less: Depreciation adjustments	  	 	(147	) 	 	 	—  	 	 	 	(147	) 	 	 	—  	 	 	 	(147	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	63,499	 	 	$	7,314	 	 	$	70,813	 	 	$	(18,677	) 	 	$	52,136	 	
EBITDA margin as adjusted	  	 	20.0	% 	 	 	6.6	% 	 	 	16.5	% 	 	 	n/a	 	 	 	12.2	% 	
 
(1)	Includes gross profit adjustments of $575 and SG&A adjustments of $138	

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,	 	
 	  	2019	 	 	2018	 	 	2019	 	 	2018	 	
GAAP Operating income (loss)	  	$	8,060	 	 	$	(25,839	) 	 	$	28,460	 	 	$	(706	) 	
Add: Restructuring expenses and other adjustments	  	 	(36	) 	 	 	401	 	 	 	1,037	 	 	 	713	 	
Add: Tuffy acquisition costs	  	 	492	 	 	 	—  	 	 	 	492	 	 	 	—  	 	
Add: Asset impairments	  	 	—  	 	 	 	—  	 	 	 	916	 	 	 	308	 	
Add: Environmental charges	  	 	—  	 	 	 	—  	 	 	 	4,000	 	 	 	—  	 	
Add: Charges related to 2015 sale of Lawn & Garden business(1)	  	 	—  	 	 	 	33,331	 	 	 	—  	 	 	 	33,331	 	
Add: Loss (gain) on sale of assets	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(873	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income as adjusted	  	 	8,516	 	 	 	7,893	 	 	 	34,905	 	 	 	32,773	 	
Less: Interest expense, net	  	 	(993	) 	 	 	(883	) 	 	 	(3,059	) 	 	 	(3,835	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	7,523	 	 	 	7,010	 	 	 	31,846	 	 	 	28,938	 	
Less: Income tax expense(2)	  	 	(2,031	) 	 	 	(1,752	) 	 	 	(8,598	) 	 	 	(7,234	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations as adjusted	  	$	5,492	 	 	$	5,258	 	 	$	23,248	 	 	$	21,704	 	
Adjusted earnings per diluted share from continuing operations(3)	  	$	0.15	 	 	$	0.15	 	 	$	0.65	 	 	$	0.65	 	
 
(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 25%.	
(3)	Adjusted earnings per diluted share for the three and nine months ended September 30, 2018 were calculated using 35,677,409 and 33,247,459 diluted shares, respectively.	

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, 2019	 	 	 	  	September 30, 2018	 				
Net cash provided by (used for) operating activities - continuing operations	  	$	39,492	 	 		  	$	41,121	 				
Capital expenditures	  	 	(5,669	) 	 		  	 	(3,560	) 				
	  	 	 	 	 		  	 	 	 				
Free cash flow	  	$	33,823	 	 		  	$	37,561	 				

 	  	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	 	

 	  	YTD	 	 	 	  	YTD	 	 	 	  	Quarter	 	
 	  	September 30, 2018	 	 	 	  	June 30, 2018	 	 	 	  	September 30, 2018	 	
Net cash provided by (used for) operating activities - continuing operations	  	$	41,121	 	 	-	  	$	27,223	 	 	=	  	$	13,898	 	
Capital expenditures	  	 	(3,560	) 	 	-	  	 	(2,318	) 	 	=	  	 	(1,242	) 	
	  	 	 	 	 		  	 	 	 	 		  	 	 	 	
Free cash flow	  	$	37,561	 	 	-	  	$	24,905	 	 	=	  	$	12,656	 	

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

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

2019 Q3 Overview Challenges Achievements Completed acquisition of Tuffy Manufacturing Industries, Inc. in August 2019 for $18M Aligns with our strategy focused on growing in key niche markets Extends Myers Tire Supply ‘s position as a leader in the Commercial Fleet market Distribution Segment transformation continues to deliver results Sales increased year-over-year for fourth consecutive quarter Adjusted EBITDA margin increased to 9.5% Adjusted operating income increased by 7.9%, despite a 7.2% decline in net sales Generated free cash flow of $22.1M Recorded a $3.5M charge for estimated product replacement costs related to a manufacturing defect identified in a certain boxes produced within the Material Handling Segment Product was manufactured in May and June 2019 Sales declined across all end markets in the Material Handling Segment Food and Beverage market down due to lower seed box sales year-over-year Industrial end market down due to softer than anticipated demand for our military products Incremental sales from Hurricane Dorian were not enough to offset anticipated softer demand in our Consumer end market Continued lower sales to RV customers led to a year-over-year decline in our Vehicle end market Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q3 Financial Summary Operating Highlights Net sales down 7.2%, compared to Q3 2018 Material Handling down $13.6M (-13.9%) Distribution up $3.8M (+10.2%) Adj. gross profit margin expanded to 31.5% from 31.3% Favorable price-cost margin offset lower volume and $3.5M charge recorded for estimated product replacement costs Adj. op income up 7.9% to $8.5M, compared to $7.9M in Q3 2018 Higher gross margin, lower incentive compensation costs and savings from Distribution Segment transformation Adj. EBITDA down 1.0% to $14.0M, compared to $14.2 million in Q3 2018 Adj. EPS of $0.15, flat compared to Q3 2018 GAAP Financial Highlights Non-GAAP Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q3 Segment Results Material Handling Segment Highlights Net sales down 13.9% vs. Q3 2018 Consumer end market down mid-single digits due to anticipated continued softer demand in our Consumer end market Food and Beverage market down double digits due primarily to lower seed box sales year-over-year Industrial end market down mid-teens due to softer than anticipated demand for our military products Vehicle end market down mid-single digits due to continued RV market decline Lower sales volume and $3.5M charge for estimated product replacement costs more than offset favorable price-cost margin and lower incentive compensation costs Material Handling Financial Highlights Distribution Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations. Distribution Segment Highlights Net sales up 10.2% vs. Q3 2018 Sales up 3.9% excluding Tuffy acquisition Adjusted EBITDA up 38.9% as a result of higher sales volume, savings from transformation initiatives and Tuffy acquisition Continue to execute transformation plan with goal to deliver $5 - $7M in annualized benefits in 2020 and 10% EBITDA margin by the end of 2020 Shifting go-to-market strategy to enhance sales effectiveness 80/20 implementation and contribution margin improvement Implementing logistics and overhead efficiency programs

Working Capital as a % of TTM Sales Balance Sheet and Cash Flow Cash Flow ($M) and Cash Flow as % of Sales Total Debt ($M) and Debt to Adj. EBITDA Operating Cash Flow Free Cash Flow (FCF) 8.5% 8.8% 9.9% 9.6% 1.2x Q3 Highlights Free cash flow generation of $22.1M, compared to $12.7M last year, due to lower working capital Working capital down as a percentage of sales, primarily related to a decrease in accounts receivable driven by lower sales volume and a reduction in past due accounts Results reflect continuing operations. See appendix for non-GAAP reconciliations.

2018 % of Total Sales 2019 Operating Framework High-single digits Double digits High-single digits Low-single digits Mid-single digits Expecting decline from unusually high demand in prior year season as well as challenging growing conditions in the current season; anticipating increased sales to food processing customers Softer market demand anticipated to more than offset growth from new product launch Expect sales to RV customers to continue to decline for the remainder of 2019; anticipate decrease in sales to automotive customers in Q4 as a result of fewer new model launches and redesigns by large customers Anticipate increased sales with large industrial distributors expected to be more than offset by softer than anticipated sales of military products in Q3 2019 and large customer order in Q4 2018 Sales expected to increase as a result of strategic initiatives and Tuffy acquisition Auto Aftermarket 26% Industrial 25% Sales anticipated to be down high-single digits; adjusted operating income expected to grow Adjusted diluted EPS estimated to be $0.75 - $0.80 2019 Fiscal Year Outlook

2019 Updated Outlook Net sales growth:~ Down high-single digits D&A: ~ $24M Net interest expense:~ $4M Effective tax rate (normalized):~ 27% Diluted share count:~ 36M Diluted EPS:$0.65 - $0.70 Adjusted diluted EPS: $0.75 - $0.80 Capital expenditures: ~ $10M

Appendix

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

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

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

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

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

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