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.
