UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) November 6, 2018

MYERS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

 
					
Ohio	 	1-8524	 	34-0778636	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification Number)	

1293 South Main Street, Akron, OH	 	44301	
(Address of Principal Executive Offices)	 	(Zip Code)	
Registrant’s Telephone Number, including area code (330) 253-5592
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
 
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐            
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

Item 2.02	Results of Operations and Financial Condition	
On November 6, 2018, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the quarter ended September 30, 2018. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the slide materials, which will be discussed during the Company’s earnings conference call at 8:30 a.m. Eastern Time on November 6, 2018, is attached as Exhibit 99.2 to this Current Report on Form 8-K. Information about the call can be found in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this report (including the exhibits) 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 liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
Item 7.01	Regulation FD Disclosure	
See “Item 2.02 Results of Operations and Financial Condition” above.
 
Item 9.01	Financial Statements and Exhibits	
(d) Exhibits

	Exhibit No.	  		Description	
			
99.1	  	Press Release by the Company regarding earnings results dated November 6, 2018		
			
99.2	  	Earnings Presentation Third Quarter 2018 by the Company dated November 6, 2018		

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

Date: November 6, 2018	 		 		 	MYERS INDUSTRIES, INC.	
				
	 		 		 	By: /s/ R. David Banyard	
	 		 		 	R. David Banyard, President and Chief Executive Officer	

Exhibit 99.1

Myers Industries Reports 2018 Third Quarter Results
Strong cash flow generation continues; strategic actions to improve Distribution Segment underway
November 6, 2018, 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, 2018.
Third Quarter 2018 Business Highlights
 
 	•	 	GAAP net loss per diluted share from continuing operations of $0.60, compared to net income per diluted share from continuing operations of $0.10 in the third quarter of 2017	
 
 	•	 	Adjusted net income per diluted share from continuing operations of $0.15, compared to $0.10 in the third quarter of 2017	
 
 	•	 	Net sales were roughly flat compared to the third quarter of 2017	
 
 	•	 	Gross profit margin of 31.1% compared to 29.0% in the third quarter of 2017	
 
 	•	 	Generated cash from continuing operations of $13.9 million and free cash flow of $12.7 million	
 
 	•	 	The Company recognized $33.3 million of charges related to the 2015 sale of the Company’s Lawn and Garden business - a non-cash, pre-tax charge of $23 million for a promissory note as well as a pre-tax charge of $10.3 million for a potential obligation under a lease guarantee	
 
 	•	 	The Company expects that net sales for fiscal year 2018 will be flat to up low-single-digits compared to 2017	
“Our third quarter financial performance reflects the seasonality we typically experience in the second half of the year. However, as indicated in our release issued on October 4, 2018, our results were further impacted by a slowdown in the RV market and lower-than-expected sales in the Distribution Segment. Despite this, we were able to deliver strong free cash flow in the quarter of $12.7 million and 18 percent growth in adjusted operating income year-over-year,” said Dave Banyard, President and Chief Executive Officer of Myers Industries.
“As a result of the continued performance challenges in our Distribution Segment, we have begun implementing actions designed to reduce costs and improve the long-term performance of the segment,” added Mr. Banyard. “These actions are focused on increasing sales and contribution margins through broad organizational change within the segment, including adjusting our go-to-market strategy, rationalizing our product offering, and streamlining our supply chain and logistics. These actions are our top priority as we execute our long-term strategy focused on niche markets, flexible operations and strategic M&A.”

 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
(Dollars in thousands, except per share data)	  	2018	 	 	2017	 	 	% Inc
(Dec)	 	 	2018	 	 	2017	 	 	% Inc
(Dec)	 	
Net sales	  	$	135,219	 	 	$	135,113	 	 	 	0.1	% 	 	$	428,347	 	 	$	406,937	 	 	 	5.3	% 	
Gross profit	  	$	42,091	 	 	$	39,143	 	 	 	7.5	% 	 	$	137,197	 	 	$	119,196	 	 	 	15.1	% 	
Gross profit margin	  	 	31.1	% 	 	 	29.0	% 	 				 	 	32.0	% 	 	 	29.3	% 	 				
Operating income (loss)	  	$	(25,839	) 	 	$	6,801	 	 	 	(479.9	)% 	 	$	(706	) 	 	$	20,885	 	 	 	(103.4	)% 	
Income from continuing operations:	  				 				 				 				 				 				
Income (loss)	  	$	(21,137	) 	 	$	3,083	 	 	 	(785.6	)% 	 	$	(4,774	) 	 	$	9,023	 	 	 	(152.9	)% 	
Income (loss) per diluted share	  	$	(0.60	) 	 	$	0.10	 	 	 	(700.0	)% 	 	$	(0.15	) 	 	$	0.30	 	 	 	(150.0	)% 	
							
Operating income (loss) as adjusted (1)	  	$	7,893	 	 	$	6,687	 	 	 	18.0	% 	 	$	32,773	 	 	$	25,826	 	 	 	26.9	% 	
Income from continuing operations as adjusted (1) :	  				 				 				 				 				 				
Income (loss)	  	$	5,258	 	 	$	3,103	 	 	 	69.4	% 	 	$	21,704	 	 	$	12,799	 	 	 	69.6	% 	
Income (loss) per diluted share	  	$	0.15	 	 	$	0.10	 	 	 	50.0	% 	 	$	0.65	 	 	$	0.42	 	 	 	54.8	% 	
EBITDA as adjusted	  	$	14,157	 	 	$	13,383	 	 	 	5.8	% 	 	$	52,136	 	 	$	47,775	 	 	 	9.1	% 	
 
(1)	Detail regarding the adjusted charges is provided on the Reconciliations of Non-GAAP Financial Measures included in this release.	

The Company reported net sales of $135.2 million, roughly flat compared to the third quarter of 2017. Increased sales in the Company’s industrial and vehicle end markets were offset by declines in the consumer, auto aftermarket and food and beverage end markets. Sales in the vehicle end market were up year-over-year despite a double-digit decline in sales to the recreational vehicle market. Gross profit margin increased to 31.1%, primarily due to pricing actions and savings from last year’s restructuring initiatives, partially offset by higher-than-expected factory costs driven by increased maintenance and repair activity. Selling, general and administrative expenses decreased $0.7 million year-over-year to $34.4 million, with the decrease in expenses primarily attributable to lower incentive compensation and benefit costs, partially offset by higher R&D costs due to a new product launch in the Company’s consumer market.
Segment Results
Net sales in the Material Handling Segment increased by 2.6% (or 3.2% excluding currency fluctuation) compared to the third quarter of 2017. The increase in net sales was primarily due to increased volume in the segment’s industrial and vehicle end markets, partially offset by declines in the consumer and food and beverage end markets. Increased sales to automotive and marine customers in the segment’s vehicle end market more than offset a decline in sales to the recreational vehicle market. The segment’s adjusted EBITDA margin was 17.5% compared to 16.5% in the third quarter of 2017. The increase in adjusted EBITDA margin was primarily the result of pricing actions and the benefit of restructuring actions taken in 2017, partially offset by higher-than-expected factory and R&D costs.
Net sales in the Distribution Segment declined by 6.1% compared to the third quarter of 2017. The decline was primarily due to lower equipment and international sales at Myers Tire Supply. The segment’s adjusted EBITDA margin was 7.6% compared to 8.7% in the third quarter of 2017. The decline was primarily due to the lower sales volume, which was partially offset by gross margin expansion driven by a favorable mix of consumables versus equipment.
Charges Related to HC Companies Promissory Notes and Lease
In February 2015, the Company sold its Lawn and Garden business to an entity controlled by Wingate Partners V, L.P. The terms of the transaction included promissory notes totaling $20 million (the notes) that mature in August 2020. The carrying value of the notes and corresponding accrued interest as of September 30, 2018 was approximately $23 million. Additionally, the Company is a guarantor for one of the entity’s facility leases expiring in 2025. Remaining rent payments under the lease total $14 million.
During the third quarter of 2018, management of the Lawn and Garden business, now named HC Companies, Inc., requested an extension to the maturity of the notes as part of an effort to restructure their debt. The Company believes there is uncertainty about the ability to collect on the notes. As a result, the Company recognized a non-cash, pre-tax charge of $23 million in the third quarter of 2018 with respect to the notes. The Company estimates that the potential obligation under the lease guarantee will be in the range of $10 to $14 million. As a result, the Company recognized a pre-tax charge of $10.3 million during the third quarter of 2018 with respect to the lease guarantee.
Strategic Actions for the Distribution Segment
The Company began implementing additional sales performance improvement and cost reduction actions within its Distribution Segment during the fourth quarter of 2018. These actions include investments to strengthen the segment’s go-to-market strategy and broaden existing e-commerce capabilities. The Company is also evaluating opportunities to rationalize its product portfolio and reduce freight and distribution costs, as well as other ancillary and fixed costs. As a result, the Company expects to incur costs of approximately $1.5 million during the fourth quarter of 2018 to assist with execution of the actions.
2018 Outlook
For fiscal year 2018, the Company anticipates that total revenue will be flat to up low-single-digits on a constant currency basis compared to the prior year. The Company expects capital expenditures to be in the range of $6 million to $8 million. Net interest expense is forecasted to be between $4 million and $6 million. Depreciation and amortization is forecasted to be approximately $26 million. The Tax Cuts and Jobs Act will benefit the Company through a decrease in its effective tax rate, which is expected to be approximately 25% compared to approximately 36% in 2017.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Tuesday, November 6, 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 7896135. 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 7896135.

Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP measures in this release. Adjusted net income per diluted share from continuing operations, income from continuing operations as adjusted, adjusted income per diluted share from continuing operations, operating income as adjusted, adjusted operating income, adjusted EPS, adjusted EBITDA and free cash flow are non-GAAP financial measures and are intended to serve as a supplement to results provided in accordance with accounting principles generally accepted in the United States. Myers Industries believes that such information provides an additional measurement and consistent historical comparison of the Company’s performance. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in this news release.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel and under vehicle service industry in the 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,
2018	 	 	September 30,
2017	 	 	September 30,
2018	 	 	September 30,
2017	 	
Net sales	  	$	135,219	 	 	$	135,113	 	 	$	428,347	 	 	$	406,937	 	
Cost of sales	  	 	93,128	 	 	 	95,970	 	 	 	291,150	 	 	 	287,741	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit	  	 	42,091	 	 	 	39,143	 	 	 	137,197	 	 	 	119,196	 	
Selling, general and administrative expenses	  	 	34,381	 	 	 	35,107	 	 	 	104,360	 	 	 	101,779	 	
(Gain) loss on disposal of fixed assets	  	 	218	 	 	 	(2,765	) 	 	 	(96	) 	 	 	(4,012	) 	
Impairment charges	  	 	—  	 	 	 	—  	 	 	 	308	 	 	 	544	 	
Other expenses	  	 	33,331	 	 	 	—  	 	 	 	33,331	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  	 	(25,839	) 	 	 	6,801	 	 	 	(706	) 	 	 	20,885	 	
Interest expense, net	  	 	883	 	 	 	1,838	 	 	 	3,835	 	 	 	5,828	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
I ncome (loss) from continuing operations before income taxes	  	 	(26,722	) 	 	 	4,963	 	 	 	(4,541	) 	 	 	15,057	 	
Income tax expense (benefit)	  	 	(5,585	) 	 	 	1,880	 	 	 	233	 	 	 	6,034	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	(21,137	) 	 	 	3,083	 	 	 	(4,774	) 	 	 	9,023	 	
Income (loss) from discontinued operations, net of income taxes	  	 	(2	) 	 	 	174	 	 	 	(913	) 	 	 	(659	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	(21,139	) 	 	$	3,257	 	 	$	(5,687	) 	 	$	8,364	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) per common share from continuing operations:	  				 				 				 				
Basic	  	$	(0.60	) 	 	$	0.10	 	 	$	(0.15	) 	 	$	0.30	 	
Diluted	  	$	(0.60	) 	 	$	0.10	 	 	$	(0.15	) 	 	$	0.30	 	
I ncome (loss) per common share from discontinued operations:	  				 				 				 				
Basic	  	$	—  	 	 	$	0.01	 	 	$	(0.02	) 	 	$	(0.02	) 	
Diluted	  	$	—  	 	 	$	0.01	 	 	$	(0.02	) 	 	$	(0.02	) 	
Net income (loss) per common share:	  				 				 				 				
Basic	  	$	(0.60	) 	 	$	0.11	 	 	$	(0.17	) 	 	$	0.28	 	
Diluted	  	$	(0.60	) 	 	$	0.11	 	 	$	(0.17	) 	 	$	0.28	 	
Weighted average common shares outstanding:	  				 				 				 				
Basic	  	 	35,229,171	 	 	 	30,266,838	 	 	 	32,783,853	 	 	 	30,149,818	 	
Diluted	  	 	35,677,409	 	 	 	30,651,943	 	 	 	33,247,459	 	 	 	30,524,161	 	

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

 	  	Quarter Ended September 30,	 	 	Nine Months Ended September 30,	 	
 	  	2018	 	 	2017	 	 	% Change	 	 	2018	 	 	2017	 	 	% Change	 	
Net sales	  				 				 				 				 				 				
Material Handling	  	$	97,682	 	 	$	95,192	 	 	 	2.6	% 	 	$	317,621	 	 	$	289,700	 	 	 	9.6	% 	
Distribution	  	 	37,557	 	 	 	40,004	 	 	 	(6.1	)% 	 	 	110,815	 	 	 	117,836	 	 	 	(6.0	)% 	
Inter-company Sales	  	 	(20	) 	 	 	(83	) 	 	 	—  	 	 	 	(89	) 	 	 	(599	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	135,219	 	 	$	135,113	 	 	 	0.1	% 	 	$	428,347	 	 	$	406,937	 	 	 	5.3	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss)	  				 				 				 				 				 				
Material Handling	  	$	10,812	 	 	$	10,015	 	 	 	8.0	% 	 	$	44,865	 	 	$	30,675	 	 	 	46.3	% 	
Distribution	  	 	2,546	 	 	 	3,179	 	 	 	(19.9	)% 	 	 	7,070	 	 	 	7,742	 	 	 	(8.7	)% 	
Corporate	  	 	(39,197	) 	 	 	(6,393	) 	 	 	—  	 	 	 	(52,641	) 	 	 	(17,532	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	(25,839	) 	 	$	6,801	 	 	 	(479.9	)% 	 	$	(706)	 	 	$	20,885	 	 	 	(103.4	)% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  				 				 				 				 				 				
Material Handling	  	$	11,213	 	 	$	9,575	 	 	 	17.1	% 	 	$	45,370	 	 	$	35,290	 	 	 	28.6	% 	
Distribution	  	 	2,546	 	 	 	3,179	 	 	 	(19.9	)% 	 	 	6,405	 	 	 	7,742	 	 	 	(17.3	)% 	
Corporate	  	 	(5,866	) 	 	 	(6,067	) 	 	 	—  	 	 	 	(19,002	) 	 	 	(17,206	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	7,893	 	 	$	6,687	 	 	 	18.0	% 	 	$	32,773	 	 	$	25,826	 	 	 	26.9	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	11.5	% 	 	 	10.1	% 	 				 	 	14.3	% 	 	 	12.2	% 	 				
Distribution	  	 	6.8	% 	 	 	7.9	% 	 				 	 	5.8	% 	 	 	6.6	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	5.8	% 	 	 	4.9	% 	 				 	 	7.7	% 	 	 	6.3	% 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
EBITDA as adjusted	  				 				 				 				 				 				
Material Handling	  	$	17,107	 	 	$	15,732	 	 	 	8.7	% 	 	$	63,499	 	 	$	55,447	 	 	 	14.5	% 	
Distribution	  	 	2,845	 	 	$	3,490	 	 	 	(18.5	)% 	 	 	7,314	 	 	 	8,608	 	 	 	(15.0	)% 	
Corporate	  	 	(5,795	) 	 	$	(5,839)	 	 	 	—  	 	 	 	(18,677	) 	 	 	(16,280	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	14,157	 	 	$	13,383	 	 	 	5.8	% 	 	$	52,136	 	 	$	47,775	 	 	 	9.1	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA margin as adjusted	  				 				 				 				 				 				
Material Handling	  	 	17.5	% 	 	 	16.5	% 	 				 	 	20.0	% 	 	 	19.1	% 	 				
Distribution	  	 	7.6	% 	 	 	8.7	% 	 				 	 	6.6	% 	 	 	7.3	% 	 				
Corporate	  	 	n/a	 	 	 	n/a	 	 				 	 	n/a	 	 	 	n/a	 	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	10.5	% 	 	 	9.9	% 	 				 	 	12.2	% 	 	 	11.7	% 	 				

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

 	  	September 30, 2018	 	  	December 31, 2017	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	46,505	 	  	$	2,520	 	
Restricted cash	  	 	—  	 	  	 	8,659	 	
Accounts receivable, net	  	 	69,250	 	  	 	76,509	 	
Income tax receivable	  	 	7,043	 	  	 	12,954	 	
Inventories	  	 	44,310	 	  	 	47,166	 	
Other	  	 	3,050	 	  	 	2,204	 	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	170,158	 	  	 	150,012	 	
Other assets	  	 	98,284	 	  	 	122,026	 	
Property, plant, & equipment, net	  	 	73,011	 	  	 	83,904	 	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	341,453	 	  	$	355,942	 	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	51,375	 	  	$	63,581	 	
Accrued expenses	  	 	34,862	 	  	 	35,072	 	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	86,237	 	  	 	98,653	 	
Long-term debt, net	  	 	76,693	 	  	 	151,036	 	
Other liabilities	  	 	19,264	 	  	 	8,236	 	
Deferred income taxes	  	 	202	 	  	 	4,265	 	
Total Shareholders’ Equity	  	 	159,057	 	  	 	93,752	 	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	341,453	 	  	$	355,942	 	

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

 	  	Nine Months Ended September 30,	 	
 	  	2018	 	 	2017	 	
Cash Flows From Operating Activities	  				 				
Net income (loss)	  	$	(5,687	) 	 	$	8,364	 	
Income (loss) from discontinued operations, net of income taxes	  	 	(913	) 	 	 	(659	) 	
	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	(4,774	) 	 	 	9,023	 	
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	13,329	 	 	 	15,226	 	
Amortization	  	 	6,455	 	 	 	6,722	 	
Accelerated depreciation associated with restructuring activities	  	 	16	 	 	 	2,018	 	
Non-cash stock-based compensation expense	  	 	3,532	 	 	 	2,873	 	
(Gain) loss on disposal of fixed assets	  	 	(96	) 	 	 	(4,012	) 	
Provision for loss on note receivable	  	 	23,008	 	 	 	—  	 	
Impairment charges	  	 	308	 	 	 	544	 	
Deferred taxes	  	 	(7,666	) 	 	 	101	 	
Interest income received (accrued) on note receivable	  	 	(361	) 	 	 	(999	) 	
Other	  	 	211	 	 	 	39	 	
Payments on performance based compensation	  	 	(1,249	) 	 	 	(1,010	) 	
Other long-term liabilities	  	 	10,010	 	 	 	(102	) 	
Cash flows provided by (used for) working capital	  				 				
Accounts receivable	  	 	7,890	 	 	 	(5,820	) 	
Inventories	  	 	2,708	 	 	 	(1,608	) 	
Prepaid expenses and other current assets	  	 	(853	) 	 	 	1,639	 	
Accounts payable and accrued expenses	  	 	(11,347	) 	 	 	15,650	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities - continuing operations	  	 	41,121	 	 	 	40,284	 	
Net cash provided by (used for) operating activities - discontinued operations	  	 	858	 	 	 	(4,158	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) operating activities	  	 	41,979	 	 	 	36,126	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital expenditures	  	 	(3,560	) 	 	 	(5,109	) 	
Proceeds from sale of property, plant and equipment	  	 	2,633	 	 	 	7,925	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities - continuing operations	  	 	(927	) 	 	 	2,816	 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	—  	 	 	 	131	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	(927	) 	 	 	2,947	 	
	  	 	 	 	 	 	 	 	
Cash Flows From Financing Activities	  				 				
Net borrowing (repayments) on credit facility	  	 	(74,557	) 	 	 	(31,397	) 	
Cash dividends paid	  	 	(13,039	) 	 	 	(12,230	) 	
Proceeds from issuance of common stock	  	 	2,825	 	 	 	2,524	 	
Proceeds from public offering of common stock, net of equity issuance costs	  	 	79,522	 	 	 	—  	 	
Shares withheld for employee taxes on equity awards	  	 	(446	) 	 	 	(273	) 	
Deferred financing costs	  	 	—  	 	 	 	(1,030	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities - continuing operations	  	 	(5,695	) 	 	 	(42,406	) 	
Net cash provided by (used for) financing activities - discontinued operations	  	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	(5,695	) 	 	 	(42,406	) 	
	  	 	 	 	 	 	 	 	
Foreign exchange rate effect on cash	  	 	(31	) 	 	 	(28	) 	
Less: Net increase (decrease) in cash classified within discontinued operations	  	 	—  	 	 	 	(3,890	) 	
	  	 	 	 	 	 	 	 	
Net increase (decrease) in cash, cash equivalents, and restricted cash	  	 	35,326	 	 	 	529	 	
Cash, cash equivalents, and restricted cash at January 1	  	 	11,179	 	 	 	11,039	 	
	  	 	 	 	 	 	 	 	
Cash, cash equivalents, and restricted cash at September 30	  	$	46,505	 	 	$	11,568	 	

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

 	  	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	

 	  	Quarter Ended September 30, 2017	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	95,192	 	 	$	40,004	 	 	$	135,196	 	 	$	(83	) 	 	$	135,113	 	
						
GAAP Gross profit	  				 				 	 	39,143	 	 	 	—  	 	 	 	39,143	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	1,965	 	 	 	—  	 	 	 	1,965	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	41,108	 	 	 	—  	 	 	 	41,108	 	
Gross profit margin as adjusted	  				 				 	 	30.4	% 	 	 	n/a	 	 	 	30.4	% 	
						
GAAP Operating income (loss)	  	 	10,015	 	 	 	3,179	 	 	 	13,194	 	 	 	(6,393	) 	 	 	6,801	 	
Add: Restructuring expenses and other adjustments (1)	  	 	2,404	 	 	 	—  	 	 	 	2,404	 	 	 	326	 	 	 	2,730	 	
Less: Gain on sale of assets	  	 	(2,844	) 	 	 	—  	 	 	 	(2,844	) 	 	 	—  	 	 	 	(2,844	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	9,575	 	 	 	3,179	 	 	 	12,754	 	 	 	(6,067	) 	 	 	6,687	 	
Operating income margin as adjusted	  	 	10.1	% 	 	 	7.9	% 	 	 	9.4	% 	 	 	n/a	 	 	 	4.9	% 	
						
Add: Depreciation and amortization	  	 	6,245	 	 	 	311	 	 	 	6,556	 	 	 	228	 	 	 	6,784	 	
Less: Depreciation adjustments	  	 	(88	) 	 	 	—  	 	 	 	(88	) 	 	 	—  	 	 	 	(88	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	15,732	 	 	$	3,490	 	 	$	19,222	 	 	$	(5,839	) 	 	$	13,383	 	
EBITDA margin as adjusted	  	 	16.5	% 	 	 	8.7	% 	 	 	14.2	% 	 	 	n/a	 	 	 	9.9	% 	
 
(1)	Includes gross profit adjustments of $1,965 and SG&A adjustments of $765	

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

 	  	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	 	
Less: 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	

 	  	Nine Months Ended September 30, 2017	 	
 	  	Material
Handling	 	 	Distribution	 	 	Segment
Total	 	 	Corporate
& Other	 	 	Total	 	
GAAP Net sales	  	$	289,700	 	 	$	117,836	 	 	$	407,536	 	 	$	(599	) 	 	$	406,937	 	
						
GAAP Gross profit	  				 				 	 	119,196	 	 	 	—  	 	 	 	119,196	 	
Add: Restructuring expenses and other adjustments	  				 				 	 	7,079	 	 	 	—  	 	 	 	7,079	 	
	  				 				 	 	 	 	 	 	 	 	 	 	 	 	
Gross profit as adjusted	  				 				 	 	126,275	 	 	 	—  	 	 	 	126,275	 	
Gross profit margin as adjusted	  				 				 	 	31.0	% 	 	 	n/a	 	 	 	31.0	% 	
						
GAAP Operating income (loss)	  	 	30,675	 	 	 	7,742	 	 	 	38,417	 	 	 	(17,532	) 	 	 	20,885	 	
Add: Restructuring expenses and other adjustments (1)	  	 	8,158	 	 	 	—  	 	 	 	8,158	 	 	 	326	 	 	 	8,484	 	
Add: Asset impairment	  	 	544	 	 	 	—  	 	 	 	544	 	 	 	—  	 	 	 	544	 	
Less: Gain on sale of assets	  	 	(4,087	) 	 	 	—  	 	 	 	(4,087	) 	 	 	—  	 	 	 	(4,087	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	35,290	 	 	 	7,742	 	 	 	43,032	 	 	 	(17,206	) 	 	 	25,826	 	
Operating income margin as adjusted	  	 	12.2	% 	 	 	6.6	% 	 	 	10.6	% 	 	 	n/a	 	 	 	6.3	% 	
						
Add: Depreciation and amortization	  	 	22,174	 	 	 	866	 	 	 	23,040	 	 	 	926	 	 	 	23,966	 	
Less: Depreciation adjustments	  	 	(2,017	) 	 	 	—  	 	 	 	(2,017	) 	 	 	—  	 	 	 	(2,017	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
EBITDA as adjusted	  	$	55,447	 	 	$	8,608	 	 	$	64,055	 	 	$	(16,280	) 	 	$	47,775	 	
EBITDA margin as adjusted	  	 	19.1	% 	 	 	7.3	% 	 	 	15.7	% 	 	 	n/a	 	 	 	11.7	% 	
 
(1)	Includes gross profit adjustments of $7,079 and SG&A adjustments of $1,405	

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,	 	
 	  	2018	 	 	2017	 	 	2018	 	 	2017	 	
GAAP Operating income (loss)	  	$	(25,839	) 	 	$	6,801	 	 	$	(706	) 	 	$	20,885	 	
Add: Restructuring expenses and other adjustments	  	 	401	 	 	 	2,730	 	 	 	713	 	 	 	8,484	 	
Add: Charges related to 2015 sale of Lawn & Garden business (1)	  	 	33,331	 	 	 	—  	 	 	 	33,331	 	 	 	—  	 	
Add: Asset impairments	  	 	—  	 	 	 	—  	 	 	 	308	 	 	 	544	 	
Less: Gain on sale of assets	  	 	—  	 	 	 	(2,844	) 	 	 	(873	) 	 	 	(4,087	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating income (loss) as adjusted	  	 	7,893	 	 	 	6,687	 	 	 	32,773	 	 	 	25,826	 	
Less: Interest expense, net	  	 	(883	) 	 	 	(1,838	) 	 	 	(3,835	) 	 	 	(5,828	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) before taxes as adjusted	  	 	7,010	 	 	 	4,849	 	 	 	28,938	 	 	 	19,998	 	
Less: Income tax expense (2)	  	 	(1,752	) 	 	 	(1,746	) 	 	 	(7,234	) 	 	 	(7,199	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations as adjusted	  	$	5,258	 	 	$	3,103	 	 	$	21,704	 	 	$	12,799	 	
Adjusted earnings (loss) per diluted share from continuing operations	  	$	0.15	 	 	$	0.10	 	 	$	0.65	 	 	$	0.42	 	
 
(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 2018 was 25% and in 2017 was 36%	

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	 	 	 	 	  	QTD	 	
 	  	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 2018 Earnings Presentation 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. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available in the appendix of this presentation.

2018 Q3 Overview Challenges Achievements Distribution Segment continues to underperform to expectations Sales decline of 6.1% YOY Decline primarily due to lower equipment and international sales Implementing strategic review and broader actions to increase sales force effectiveness and reduce costs Sales to RV customers declined at more rapid rate than anticipated Focusing on funnel of opportunities in adjacent markets as sales decline expected to continue Elevated factory and R&D costs Higher maintenance and repair activity in lower volume period, driven by higher machine utilization in the first half of 2018 Higher R&D expenses for new product launch at end of Q4 Generated free cash flow of $12.7M or 9.4% of sales Net working capital at 5.3% of sales Material Handling sales increased 2.6% YOY Revenue as expected in all key markets with growth coming from industrial and vehicle markets Growth in vehicle market came from increased sales in auto and marine OEM end markets; decline in sales to RV customers higher than expected Adjusted operating income increased 18% YOY Adjusted earnings per share up 50% YOY Continue to reduce net debt Net debt $30.2M; net debt to adjusted EBITDA 0.5x Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q3 Financial Summary Operating Highlights Net sales up 0.1% Material Handling up $2.5M (+2.6%) Distribution down $2.4M (-6.1%) Adj. Gross profit increased $1.3M to 31.3% Favorable price and mix, partially offset by higher raw material costs Savings from 2017 restructuring initiatives partially offset by higher maintenance costs and labor inefficiencies Adj. Op income up 18.0% to $7.9M Adj. EBITDA up $0.8M to $14.2M, compared to $13.4M in Q3 2017 Adj. EPS $0.15 compared to $0.10 in Q3 2017 GAAP EPS of $(0.60) includes $33.3M of pre-tax charges related to 2015 sale of Lawn & Garden business GAAP Financial Highlights Non-GAAP Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations.

Q3 Segment Results Material Handling Segment Highlights Sales to Industrial market up double-digits Sales to the Vehicle market up low-single-digits driven by increased sales to the automotive and marine OEM markets offset by decline in RV market Sales to Consumer market down mid-single-digits; unusual hurricane volume in 2017 Sales to Food & Beverage market down high-single-digits due to expected lower sales of seed boxes compared to last year Favorable net price and savings from 2017 restructuring partially offset by factory inefficiencies and increased R&D costs related to the new product launching in Q4 Material Handling Financial Highlights Distribution Financial Highlights Results reflect continuing operations. See appendix for non-GAAP reconciliations. Distribution Segment Highlights Net sales down 6.1% YOY Decline primarily due to lower equipment and international sales Favorable mix of consumables vs. equipment driving gross margin expansion, partially offset by lower volume Implementing broader set of actions to change the trajectory of the business

Balance Sheet and Cash Flow Cash Flow ($M) and Cash Flow as % of Sales Net Debt ($M) and Net Debt to Adj. EBITDA Target <9% Working Capital as a % of TTM Sales Operating Cash Flow Free Cash Flow (FCF) FCF Target >7% 8.8% 8.6% 9.6% 9.9% Q3 Highlights Strong free cash flow generation of $12.7M, 9.4% of sales YTD free cash flow of $37.6M, 8.8% of sales Reduced net debt by $9.5M Working capital as a percentage of TTM sales consistent with prior quarters Results reflect continuing operations. See appendix for non-GAAP reconciliations.

2018 Outlook 2016 2017 2018 Operating Framework - UPDATE Low single digits High single digits Mid single digits Low single digits Mid to high single digits Year-to-date, experienced increased demand from ag and food processing markets; expecting more normalized demand in Q4 Growth in market share partially offset by 2017 unusual hurricane volume Sales to RV customers slowed faster than anticipated; expecting continued decline in Q4 Industrial volume now expected to be up low-single-digits due to increased sales; expect Q4 to be flat Expect year-to-date declines to continue in the fourth quarter 2018 Full Year Sales Expected to be Flat to Up Low-Single-Digits

Actions over last few years have not yielded improvement in results Executing a broader set of actions to transform the business: Strategic pivot in go-to-market strategy, moving from a single channel to multi-channel sales model, including an enhanced e-commerce platform Optimizing our logistics and distribution infrastructure in order to deliver the highest service levels with the lowest cost-to-serve model in the industry Implementing a wide array of cost savings measures, including product line and fixed cost rationalizations Work is underway; targeting fastest opportunities for value in early stages Investing $1.5 million during the fourth quarter in resources to assist with execution of the actions Strategic Actions for Distribution Segment

Appendix

2018 Key Assumptions Net sales:Flat to up low-single-digits Capital expenditures:$6 - $8 million Net interest expense: $4 - $6 million D&A: ~$26 million Effective tax rate (normalized):~25%

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) Material Handling Distribution Segment Total Corporate & Other Total GAAP Net sales 95,192 $ 40,004 $ 135,196 $ (83) $ 135,113 $ GAAP Gross profit 39,143 — 39,143 Add: Restructuring expenses and other adjustments 1,965 — 1,965 Gross profit as adjusted 41,108 — 41,108 Gross profit margin as adjusted 30.4% n/a 30.4% GAAP Operating income (loss) 10,015 3,179 13,194 (6,393) 6,801 Add: Restructuring expenses and other adjustments (1) 2,404 — 2,404 326 2,730 Less: Gain on sale of assets (2,844) — (2,844) — (2,844) Operating income (loss) as adjusted 9,575 3,179 12,754 (6,067) 6,687 Operating income margin as adjusted 10.1% 7.9% 9.4% n/a 4.9% Add: Depreciation and amortization 6,245 311 6,556 228 6,784 Less: Depreciation adjustments (88) — (88) — (88) EBITDA as adjusted 15,732 $ 3,490 $ 19,222 $ (5,839) $ 13,383 $ EBITDA margin as adjusted 16.5% 8.7% 14.2% n/a 9.9% Quarter Ended September 30,2017 (1) Includes gross profit adjustments of $1,965 and SG&A adjustments of $765

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 (UNAUDITED) (Dollars in thousands)