The 2020 Mid-Year Economic Update_long

Myers Industries Sales Down 1.3% in 2Q

Year-to-date sales down 3.8 percent year-over-year.

Myers Industries Inc. (NYSE: MYE), Akron, OH, a manufacturer of material handling and tire repair products, reported second-quarter sales of $142.3 million, a 1.3 percent decrease over the same period a year ago. Profit fell 64.6 percent to $2 million.

Material handling segment sales for the quarter were up 2.1 percent year-over-year and distribution segment sales were down 9.2 percent.

Sales for the first six months were $284 million, down 3.8 percent year-over-year. Profit grew 118.9 percent to $5.1 million.

 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.