Myers Industries (NYSE:MYE) reported a 173% surge in fourth-quarter earnings per share, clearing analyst estimates as the company successfully executed its "Focused Transformation" efficiency program.
For the fourth quarter ended December 31, 2025, the Akron-based manufacturer posted net sales of $204 million, essentially flat compared to the same period in 2024.
However, net income for the quarter jumped to $11.3 million, or $0.30 per diluted share, up from $0.11 per share a year ago.
On an adjusted basis, earnings per share reached $0.31, beating the $0.21 analyst consensus by a wide margin.
The profit expansion was driven by a 33.2% gross margin, up from 32.3%, and the successful capture of $20 million in annualized cost savings, primarily within SG&A.
The Material Handling segment remained the company's growth engine, posting a 19% operating margin.
Conversely, the company is progressing with the divestiture of its Distribution segment—Myers Tire Supply—which is expected to be reclassified as a discontinued operation starting in the first quarter of 2026.
For the full year 2025, Myers reported net sales of $825.7 million and generated $67.2 million in free cash flow, a 23% year-over-year increase.
The company utilized this cash to reduce its total debt by $31 million, ending the year with a net leverage ratio of 2.4x.