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Myers Industries Inc. (NYSE: MYE), Akron, OH, reported sales for 2016 of $558.1 million, a decrease of 7.2 percent from the previous year. The company reported a profit of $1.1 million, down from $17.8 million in 2015.
Fourth-quarter sales were $130.1 million, a decrease of 6.6 percent from the same period the previous year. The company reported a loss of $1.5 million, down from a profit of $0.8 million year-over-year.
Material handling segment sales decreased 6.4 percent to $387.5 million for the year and decreased 6.2 percent to $87.6 million for the quarter. Distribution segment sales were down 9 percent to $170.6 million for the year and down 7.3 percent to $42.4 million for the quarter.