Myers Industries Hosts Investor Day and Unveils its Horizon Two Strategy Outlook

Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel, and under-vehicle service industry, will host its 2024 Investor Day event tomorrow morning at the Harvard Club of New York City. The event will be led by Mike McGaugh, Myers Industries’ President and Chief Executive Officer, and will feature presentations from other members of the executive leadership team. Materials supporting the event have been filed as of the time of this press release and are available on Myers’ investor relations website.

Mike McGaugh commented, “During this event we will highlight the progress we’ve made in successfully executing Myers Three Horizon Strategy, the foundation we’ve built through Horizon One, and the strategic focus of our Company as we transition to Horizon Two. We will also be reviewing the long-term vision for our Company.”

McGaugh concluded, “Today, we recognize that several of our cyclical end markets are experiencing trough-like levels of demand. As these end markets return to historical demand levels, Myers is well positioned to recover with even stronger margin performance from the foundation established in Horizon One. Our focus in Horizon Two is to continue growing through acquisition and innovation, gaining scale as we move into adjacent markets and technologies with a focus on branded products, and delivering continued improvement in profitability and cash flow generation. We believe our strategy will enable us to deliver strong returns to shareholders through our disciplined approach to capital allocation, which includes the continuation of our dividend program, reinvestments in the business, opportunistic share repurchases, and strategic M&A activity.”

Event Webcast and Replay Details
The Company will host a live webcast of its Investor Day event for investors and analysts on Tuesday, March 19, 2024. The event will begin at 8:30 AM (ET) and is expected to conclude before 12:00 PM (ET). Interested parties may access the webcast using the following online participation registration link: https://app.webinar.net/QpgVLDqlkZd. A complete recording of the Company’s Investor Day presentations will be posted to the Company’s investor relations website following the conclusion of the event. To access the event replay, please visit the Events & Presentations section of the Company’s investor relations website at www.myersindustries.com.