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Stock Market & Financial Investment News

News Breaks
June 24, 2014
07:36 EDTMYEMyers Industries completes sale of WEK Industries for approx. $19.5M
Myers Industries has completed the sale of WEK Industries, Inc. to Industrial Opportunity Partners, owners of Toledo Molding and Die, Inc. for approximately $19.5M. The sale of WEK Industries includes manufacturing facilities and offices located in Jefferson, Ohio and Reidsville, North Carolina. Additional terms of the agreement were not disclosed. Western Reserve Partners advised Myers Industries, Inc. in connection with this transaction. In light of this transaction and recent announcements regarding the agreement to purchase Scepter and the commencement of the sale of Myers’ Lawn and Garden Segment, the company also announced a reporting segment realignment to reduce the reportable segments from four to two. Starting with the second quarter Form 10Q and going forward, Myers will report its underlying earnings in two reportable segments: Material Handling and Distribution.
News For MYE From The Last 14 Days
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July 23, 2015
08:31 EDTMYEMyers Industries announces retirement of president and CEO John Orr
Myers Industries announced that the company’s President and CEO, John C. Orr, has decided to retire as an officer effective December 31, 2015. The Board of Directors has engaged DHR International, Inc. to conduct a search for a successor. The announcement today guarantees adequate time to find the optimal candidate who has the skills to continue the success of the company. Orr will work with the Board to select the best qualified successor and to ensure an orderly transition of the management of the company. Orr, hired by Myers Industries, Inc. in 2000 as part of the company’s succession strategy, became President and CEO in 2005.
07:41 EDTMYEMyers Industries: Q3 to be impacted by weakness of agricultural market
Although the third quarter of 2015 will be impacted by the continued weakness of the agricultural market, the acceleration of orders that moved into the second quarter, and some continued soft demand in the Material Handling Segment's end markets, full year operating results should show the benefits of ongoing efforts to reduce costs and strengthen the company, resulting in a strong foundation for continued earnings growth in the future.
07:40 EDTMYEMyers Industries reports Q2 EPS 32c, consensus 22c
Reports Q2 revenue $164.3M, consensus 170.9M.

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