Myers Industries Reports Select Preliminary 2018 Third Quarter Financial Information
The company has reported net sales of approximately $135 million, flat to the third quarter of last year.
Myers Industries Announces Plans for Public Offering of Common Stock
Myers intends to use the net proceeds from the offering to fund future growth, including selective acquisitions, and to repay a portion of its debt.
Myers Industries Completes Sale of Brazilian Operations
Myers Industries has completed the sale of its Brazilian operating subsidiaries to Novel Holdings – Eireli for $1.
Myers Industries Shares 2015 Financial Results
Myers Industries Inc. shared in its 2015 full year financial results that net sales are down overall and in its distribution segment, while overall gross profit increased. “As we have highlighted throughout the year, declines in our key agriculture market and economic challenges in Brazil had a large impact on our business,” Myers President and
Myers Industries Appoints Banyard President, CEO
Myers Industries has appointed David Banyard as its president and CEO, effective Dec. 7, 2015. Banyard, who also will be elected to the company’s board of directors, succeeds John Orr, who has been named vice chairman until his retirement from the company and as a director on Dec. 31. Prior to the appointment, Banyard served
Myers Industries Releases Revised Financials, Addresses Brazilian Problems
Myers Industries has released revised financial results for 4Q and the year as a result of completing its investigation into possible fraud at its Brazilian operations. The revisions reflect adjustments that led to an increase in cost of sales of $2.4 million and an increase in selling, general and administrative expenses of $0.1 million for
Myers Industries Board Member Resigns
Daniel R. Lee resigned his position on Myers Industries board of directors on March 13, according to a Securities and Exchange Commission filing by the company. In his resignation letter to fellow board members, Lee cites his resignation is because it was recommended that only he not be re-nominated as director. In his letter, Lee
Myers Industries Reports Possible Fraud
Myers Industries disclosed in an SEC filing that it “may have suffered possible fraud at its Brazilian operations.” Its report to the SEC, the company noted that it might be financially affected as well. On March 16, the company informed the SEC that its annual report, 10-K filing, may not be filed in a timely
Myers Industries Launches New Website
Myers Industries Inc. launched a new corporate website at myersindustries.com. The site features a clean, modern design, easy-to navigate functionality, and is mobile optimized, according to Myers. The site provides current company news including a strategy and business section, an investor relations section and an about us. Visitors to the site can learn about Myers’
Myers Industries Sells Lawn and Garden Business
Myers Industries Inc. has entered into a definitive agreement to sell its lawn and garden business for $115 million to an entity controlled by Wingate Partners V, L.P., a Dallas, Texas-based private equity firm. On June 2, 2014, Myers decided to pursue the sale of its lawn and garden unit. Myers said that the decision