Myers Financial Results Down in 2014
Gross profit was down in 2014 despite an increase in net sales year-over-year for Myers Industries Inc. The international manufacturer and distributor posted $623,649 million in sales for 2014, a 6.7% increase versus 2013. The company reported gross profit decreased 3.4% in 2014 to $163,715 million. President and CEO John C. Orr stated that “weakened
Myers Hires New Vice President
Michael Valentino has joined Myers Industries to serve as the company’s as vice president and general manager of Myers do Brasil, Novel, Scepter and Ameri-Kart. Prior to working with Myers Industries, Valentino spent more than fifteen years with The Marmon Group. There he was responsible for five global P&L statements and four manufacturing facilities within
Business Shifts Create Realignment at Myers
Having completed the sale of its WEK Industries unit and set the purchase of Scepter Corp. and Scepter Manufacturing LLC, Myers Industries Inc. has realigned its business into two segments. Starting with the second quarter Form 10Q and going forward, Myers said it will report its earnings in two reportable segments: Material Handling and Distribution. The new
Myers Commences Sale of Lawn and Garden Segment
Myers Industries Inc. has engaged the investment bank William Blair & Co. to commence the sale of its lawn and garden segment. The decision was made by the company to streamline Myers’ business mix and allow it to focus resources on its core growth platforms. The company expects the sale process to be completed within
Myers Debuts MTS Xpress Vending at Annual Sales Meeting
Myers Tire Supply paired its recent annual sales meeting with a vendor fair. The event – MTS Power of One – was the first of its kind for Myers as the company invited not only its district sales managers, but also its 160 sales representatives. Todd Smith, vice president and general manager for Myers Tire
Myers in JV With India’s Leading Tools, Supplies Distributor
Myers Industries Inc. has launched a joint venture with India-based TVS Automobile Solutions Ltd. to distribute tools, supplies and equipment into the fast-growing Indian automotive aftermarket. The new company will be called Myers Tyre Supply India Limited Inc. "We are pleased about expanding our long-term relationship with TVS Automobile Solutions, a leading automotive aftermarket company
Myers Repeats on Forbes Trustworthy List
For the second consecutive year, Myers Industries Inc. was named one of America’s 100 Most Trustworthy Companies in an annual Forbes magazine survey. To determine the yearly rankings, according to Forbes, GMI Ratings provided the magazine with "in-depth quantitative and qualitative financial analysis, which looks beyond the raw data of companies’ income statements and balance
Myers Eyes Stock Buy-Back Move
Akron’s Myers Industries plans to repurchase up to two million shares of its common stock. The plan has been established in connection with a five-million share repurchase plan previously announced on May 2, 2011. The company did not state why it was seeking to buy back the shares.
Myers Names Bingham to HR Post
Myers Industries has named Melanie Bingham as its new senior vice president of human resources. She comes to Myers from Cleveland-area medical products provider Invacare, where she was group human resources director. Prior to that Bingham was vice president of human resources for Novar IBS Americas.
Myers Adds Pair to Distribution Unit
Myers Industries Co. has hired Lou DiFrancesco as global sourcing manager and Monica Vinay as director of finance and IT for its distribution unit. Myers said DiFrancesco has more than 25 years of experience in distribution, procurement and global sourcing, having held positions at such companies as CMI Industries, Dealer Tire, Parts Associates, Inc., Pioneer-Standard