Myers Industries Inc. (NYSE: MYE), Akron, OH, reported sales for the third quarter ended Sept. 30, 2013, were $194.9 million, down 1.2 percent from $197.3 million in the prior-year period.
Profit for the quarter was $6.5 million.
Sales in the Material Handling Segment for the third quarter were $76 million, down slightly from the prior-year period. A sales decrease driven by lower than anticipated food processing sales that resulted from a poor tomato crop season more than offset incremental sales resulting from the Jamco acquisition, which took place in October 2012.
Sales in the Lawn and Garden Segment for the third quarter were $44.9 million, down slightly from the third quarter 2012. A delay in customer orders for the upcoming season resulted in slightly lower sales.
Sales in the Distribution Segment were $45 million for the third quarter, roughly flat with the prior year.
Sales in the Engineered Products Segment were $33.8 million for the third quarter of 2013 compared to $35.7 million for the third quarter of 2012. The decline in sales year-over-year was due partially to lower custom sales as the segment continues to focus on more profitable customers and products.
For the first nine months, sales were $613.9 million, up 6.4 percent from the prior-year period.
Profit was $22.7 million.
