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Myers Industries Sales Up 2.4% in 2017

Myers Industries Inc. (NYSE: MYE), Akron, OH, reported sales for 2017 of $547 million, an increase of 2.4 percent from the previous year. The company reported a loss of $9.9 million, down from a profit of $1.1 million in 2016.

Fourth-quarter sales were $140.1 million, an increase of 13.6 percent from the same period the previous year. The company reported a loss of $18.3 million, compared to a loss of $1.5 million year-over-year.

Material handling segment sales increased 7.5 percent to $391.3 million for the year and increased 25.6 percent to $101.6 million for the quarter. Distribution segment sales were down 8.3 percent to $156.4 million for the year and down 9 percent to $38.6 million for the quarter.

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