The 2020 Mid-Year Economic Update_long

Myers Industries Revises 2014 & 4Q Results

Adjustments made after completing investigation of Brazilian operations.

Myers Industries Inc. (NYSE: MYE), Akron, OH, revised its previously released financial results for 2014 and fourth quarter after completing its investigation of Brazilian operations, which the company said revealed improperly reconciled accounts.

The total adjustments reduced net income by $2.3 million for both 2014 and the fourth quarter. The adjusted loss reported by the company is $8.7 million for the year, compared to a profit of $26 million in 2013. For the fourth quarter, the adjusted loss is $12.4 million, compared to a profit of $3.3 million year-over-year.

Previously reported financial results for prior periods were not affected by the adjustments.

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