The 2020 Mid-Year Economic Update_long

Myers Industries Sales Fall 24% in 1Q

Myers Industries, Inc., Akron, OH, reported sales for the first quarter ended March 31, 2009, were $190.1 million down from $249.3 million in same period a year ago - a decrease of 24%.
 
Pricing, product mix and development of sales in industrial, agriculture, horticulture and other markets helped to mitigate the impact of lower demand in Material Handling and Lawn and Garden segments, according to Myers.
 
Distribution markets remained soft from the slowdown in vehicle and tire service, due to the continued decline in miles driven and depressed auto sales. Auto and Custom Segment sales continued to be adversely affected by the severe downturn in original equipment markets.

Myers Industries, Inc. is an international manufacturer of polymer products ...

Myers Industries, Inc., Akron, OH, reported sales for the first quarter ended March 31, 2009, were $190.1 million down from $249.3 million in same period a year ago – a decrease of 24%.
 
Pricing, product mix and development of sales in industrial, agriculture, horticulture and other markets helped to mitigate the impact of lower demand in Material Handling and Lawn and Garden segments, according to Myers.
 
Distribution markets remained soft from the slowdown in vehicle and tire service, due to the continued decline in miles driven and depressed auto sales. Auto and Custom Segment sales continued to be adversely affected by the severe downturn in original equipment markets.

Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry in the U.S.

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.