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July 3, 2014
07:32 EDTMYEMyers completes Scepter acquisition
Myers Industries announced that on July 2, it completed the acquisition of Scepter. The final purchase price was $157M. Other terms of the agreement were not disclosed. Scepter is expected to be immediately accretive to adjusted EPS and to generate a return on investment above the company’s cost of capital. The company anticipates realizing synergies of more than $2M on an annual basis driven by material cost savings and plant efficiencies.
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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