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Myers Industries Inc (MYE) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Myers Industries Inc (MYE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Myers Industries Inc manufactures a range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. It also manufactures plastic reusable material handling containers and pallets. Myers Industries Inc has a market cap of $622.060 million; its shares were traded at around $18.39 with and P/S ratio of 1.11. The dividend yield of Myers Industries Inc stocks is 2.94%.


For the last quarter Myers Industries Inc reported a revenue of $138.4 million, compared with the revenue of $119.0 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $566.7 million, an increase of 3.6% from last year. For the last five years Myers Industries Inc had an average revenue decline of 6.5% a year.

The reported loss per diluted share was 10 cents for the year, an increase of -69.7% from previous year. The Myers Industries Inc had an operating margin of 1.17%, compared with the operating margin of 4.01% a year before. The 10-year historical median operating margin of Myers Industries Inc is 4.34%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Myers Industries Inc has the cash and cash equivalents of $58.9 million, compared with $2.52 million in the previous year. The long term debt was $76.8 million, compared with $151.0 million in the previous year. The interest coverage to the debt is 1.2, which is not a favorable level. Myers Industries Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $18.39, Myers Industries Inc is traded at 57.7% premium to its historical median P/S valuation band of $11.66. The P/S ratio of the stock is 1.11, while the historical median P/S ratio is 0.69. The stock lost 8.23% during the past 12 months.

For the complete 20-year historical financial data of MYE, click here.

This article first appeared on GuruFocus.