This document provides an investor presentation for Myers Industries, Inc. It summarizes the company's strategic goals of focusing on markets with strong growth potential and making acquisitions. It highlights a recent acquisition of Scepter Corporation that expands the company's material handling segment. The presentation also discusses progress towards financial goals like sales growth, profitability, and free cash flow generation. It emphasizes the company's commitment to enhancing shareholder value through increasing dividends, share repurchases, and maintaining a strong balance sheet.
This document contains the presentation from Myers Industries' 12th Annual Best Ideas Conference. It discusses Myers' strategic goals of focusing on markets with strong growth, making acquisitions in core and adjacent markets, and investing in growth platforms. It provides an overview of recent acquisitions including Scepter Corporation, the realignment of business segments, and plans for divesting the Lawn & Garden segment. The presentation emphasizes Myers' commitment to enhancing shareholder value through disciplined capital deployment, increasing dividends, share repurchases, and maintaining a strong balance sheet.
Myers Industries, Inc. held an investor presentation in May 2015 to discuss the company's goals, strategies, and financial results. The presentation focused on how Myers has realigned its business segments, strengthened its balance sheet, and increased returns through acquisitions and operational improvements. It also highlighted the company's goals of growing earnings faster than sales, maintaining financial strength, and allocating capital to both investments and returning cash to shareholders.
Myers Industries, Inc. held an investor presentation in May 2015 to discuss the company's strategic goals and financial performance. The presentation summarized that:
1) Myers has realigned into two core business segments - Material Handling and Distribution - through divesting non-core businesses and acquiring Scepter Corporation.
2) Myers' strategic goals are to focus on markets with strong growth, drive earnings growth faster than sales growth, and maintain a strong balance sheet.
3) In the first quarter of 2015, net sales increased 3.9% to $156.3 million due to the Scepter acquisition, while adjusted income per share decreased to $0.13 from $0.15 in the
Myers Industries presented its investor presentation, which included forward-looking statements noting actual results could differ from expectations. It summarized risks to its business, including changes in markets, customer relationships, competition, costs, weather, economic conditions, capital requirements, litigation, and laws. Myers encourages investors to review detailed risk factors in its SEC filings. The presentation outlined Myers' business transformation, goals to increase sales and profits through organic growth and M&A, and balanced capital allocation including returning cash to shareholders.
The document is an investor presentation by Myers Industries, Inc. It discusses the company's realignment into two business segments, Material Handling and Distribution. It provides financial goals and metrics, highlighting net sales growth, gross profit margins, return on invested capital, and free cash flow. The presentation also reviews the company's strategies to drive organic and acquisition-led growth, optimize operations, and allocate capital through investments, dividends, and share repurchases.
The document is Myers Industries' fourth quarter and full year 2015 earnings presentation. It summarizes key financial results including a 9% decline in Q4 net sales and flat full year net sales on a constant currency basis. Adjusted gross margin increased 350 basis points to 29.9% for the full year. It also provides an outlook for 2016 with served markets expected to be flat to down low single digits and initiatives focused on margin growth and SG&A reductions.
Greif kansas city and chicago investor meetings (widescreen)greif2015
- The document provides an overview of Greif's investor meetings in Kansas City and Chicago scheduled for July 7-8, 2016.
- It includes forward-looking statements, non-GAAP financial measures, and safe harbor statements for investors.
- Greif updated its 2016 financial guidance at its Q2 2016 earnings, improving expectations for Class A EPS, free cash flow, and restructuring expenses based on the progress of its transformation activities.
Masco Corporation reported financial results for the fourth quarter and full year of 2015. Total company sales increased 6% in the fourth quarter excluding foreign currency effects. North American sales increased 5% while international sales grew 4% locally. For the full year, adjusted operating profit increased 21% to $927 million and adjusted earnings per share increased 35% to $1.19 due to continued execution of strategic initiatives, sales growth, operating leverage and cost reductions.
This document contains the presentation from Myers Industries' 12th Annual Best Ideas Conference. It discusses Myers' strategic goals of focusing on markets with strong growth, making acquisitions in core and adjacent markets, and investing in growth platforms. It provides an overview of recent acquisitions including Scepter Corporation, the realignment of business segments, and plans for divesting the Lawn & Garden segment. The presentation emphasizes Myers' commitment to enhancing shareholder value through disciplined capital deployment, increasing dividends, share repurchases, and maintaining a strong balance sheet.
Myers Industries, Inc. held an investor presentation in May 2015 to discuss the company's goals, strategies, and financial results. The presentation focused on how Myers has realigned its business segments, strengthened its balance sheet, and increased returns through acquisitions and operational improvements. It also highlighted the company's goals of growing earnings faster than sales, maintaining financial strength, and allocating capital to both investments and returning cash to shareholders.
Myers Industries, Inc. held an investor presentation in May 2015 to discuss the company's strategic goals and financial performance. The presentation summarized that:
1) Myers has realigned into two core business segments - Material Handling and Distribution - through divesting non-core businesses and acquiring Scepter Corporation.
2) Myers' strategic goals are to focus on markets with strong growth, drive earnings growth faster than sales growth, and maintain a strong balance sheet.
3) In the first quarter of 2015, net sales increased 3.9% to $156.3 million due to the Scepter acquisition, while adjusted income per share decreased to $0.13 from $0.15 in the
Myers Industries presented its investor presentation, which included forward-looking statements noting actual results could differ from expectations. It summarized risks to its business, including changes in markets, customer relationships, competition, costs, weather, economic conditions, capital requirements, litigation, and laws. Myers encourages investors to review detailed risk factors in its SEC filings. The presentation outlined Myers' business transformation, goals to increase sales and profits through organic growth and M&A, and balanced capital allocation including returning cash to shareholders.
The document is an investor presentation by Myers Industries, Inc. It discusses the company's realignment into two business segments, Material Handling and Distribution. It provides financial goals and metrics, highlighting net sales growth, gross profit margins, return on invested capital, and free cash flow. The presentation also reviews the company's strategies to drive organic and acquisition-led growth, optimize operations, and allocate capital through investments, dividends, and share repurchases.
The document is Myers Industries' fourth quarter and full year 2015 earnings presentation. It summarizes key financial results including a 9% decline in Q4 net sales and flat full year net sales on a constant currency basis. Adjusted gross margin increased 350 basis points to 29.9% for the full year. It also provides an outlook for 2016 with served markets expected to be flat to down low single digits and initiatives focused on margin growth and SG&A reductions.
Greif kansas city and chicago investor meetings (widescreen)greif2015
- The document provides an overview of Greif's investor meetings in Kansas City and Chicago scheduled for July 7-8, 2016.
- It includes forward-looking statements, non-GAAP financial measures, and safe harbor statements for investors.
- Greif updated its 2016 financial guidance at its Q2 2016 earnings, improving expectations for Class A EPS, free cash flow, and restructuring expenses based on the progress of its transformation activities.
Masco Corporation reported financial results for the fourth quarter and full year of 2015. Total company sales increased 6% in the fourth quarter excluding foreign currency effects. North American sales increased 5% while international sales grew 4% locally. For the full year, adjusted operating profit increased 21% to $927 million and adjusted earnings per share increased 35% to $1.19 due to continued execution of strategic initiatives, sales growth, operating leverage and cost reductions.
This document provides an investor presentation for Greif that includes forward-looking statements and non-GAAP financial measures. It summarizes Greif's vision, strategic priorities, and transformation progress. Greif's strategic priorities include improving customer experience, strengthening performance through margin expansion and cash flow generation, and optimizing its portfolio. The presentation highlights Greif's steady improvement across key financial metrics like gross margin, SG&A, and cash flow as it executes its transformation. Greif is tracking towards its 2017 transformation commitments and will provide an update at its upcoming Investor Day.
Masco reported strong financial results for the fourth quarter and full year 2013. Sales grew 9% for both periods driven by new product introductions and improved new home construction and remodeling activity. Adjusted operating profit increased 35% and 44% respectively, due to operating leverage and cost control. All business segments achieved sales and profit growth for the year. The company continues to strengthen its balance sheet, generating over $500 million in free cash flow for 2013 and reducing debt by $200 million. Masco delivered solid performance and expects continued growth in 2014 from innovation, market share gains, and productivity improvements.
- The presentation summarizes Rigid Industrial Packaging & Services (RIPS), Greif's largest business segment. RIPS focuses on strategic customer relationships and earning value over volume.
- RIPS has a global network and the industry's most comprehensive product line offering including steel drums, plastic drums, IBCs, and fibre drums. It serves a diverse set of end markets.
- The business has been overhauled through Greif's Transformation, including leadership changes, restructuring, customer refocus, and expansion initiatives in regions like Europe, the Americas, and Asia Pacific.
This investor presentation covers Ingersoll Rand's business, financial performance, growth opportunities, and outlook. Some key points:
- Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - that have diversified end markets and recurring revenue streams.
- The company has delivered strong financial performance through revenue growth, margin expansion, and powerful free cash flow generation. Targets include 4-4.5% revenue CAGR through 2020.
- Ongoing business investments in new products, technology, and capabilities support continued growth and profitability opportunities across segments.
- Ingersoll Rand pursues a balanced capital allocation strategy of reinvestment, dividends
This investor presentation summarizes an investor presentation from Ingersoll Rand given in May 2018. The key points are:
1) Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - and leading brands in various markets.
2) The company has a robust financial model that delivers powerful cash flow through diversified end markets, market leading positions, focus on margin expansion, and balanced capital deployment.
3) Ingersoll Rand's strategy of sustained growth, operational excellence, and dynamic capital allocation is driving profitable growth and margin improvement towards 2020 targets of 4-4.5% revenue CAGR, 14.5-15% operating margins, and 11-
The document provides an investor briefing for Bemis Company Inc. for December 2014. It summarizes the company's financial performance in 2013 and guidance for 2014. Bemis reported record adjusted EPS of $2.09 in 2013 and expects continuing operations adjusted EPS to be in the range of $2.26 to $2.31 for 2014. The company will focus on accelerating growth through initiatives like expanding in emerging markets, increasing sales of high-barrier packaging and healthcare packaging, and investing in new product technologies. Bemis maintains a disciplined capital allocation approach focused on organic growth, acquisitions, dividends, and share repurchases.
Sysco provided a forward-looking statement regarding risks and uncertainties in its business, including risks related to the economy, inflation, deflation, currency fluctuations, international expansion, acquisitions, capital expenditures, and estimates for future periods. The statement notes that actual results may differ materially from forecasts due to general risks associated with the business, economic conditions, and factors beyond management's control.
- Greif reported strong Q2 2017 results with net sales up 5.7% and operating profit before special items up 7.1% compared to prior year. Earnings per share increased 43% to $0.67.
- All business segments showed improvements in key metrics like customer satisfaction and operating margins. Rigid Industrial Packaging & Services margins increased despite divestitures.
- Guidance for 2017 earnings per share and free cash flow were narrowed based on first half performance. The company will provide more details on its strategic transformation at an upcoming Investor Day.
- Greif maintains a disciplined capital allocation approach focused on business investment, returning cash to shareholders, and financial flexibility.
Brian Kelley, CEO of Keurig Green Mountain, discussed the company's outlook and priorities at the CAGNY Conference on February 19, 2015. The company expects mid-single digit non-GAAP EPS growth in fiscal year 2015 despite negative impacts from foreign exchange rates and equity transactions. Keurig's priorities are to successfully launch the Keurig Cold system, continue investing in innovation, improve growth of the Keurig hot system, and begin global expansion of the Keurig system.
Wrk june 2017 investor presentation finalir_westrock
This document provides an investor presentation for WestRock from June 2017. It summarizes WestRock's position as a leader in paper and packaging with a comprehensive portfolio and track record of execution. WestRock has realized $675 million in synergies and productivity gains as of Q2 FY17 and expects to exceed $800 million by the end of FY17. It also provides updates on acquisitions of Multi Packaging Solutions and five facilities from U.S. Corrugated, as well as plans to build a new containerboard mill in Mexico through its Grupo Gondi joint venture.
- AdvancePierre Foods reported strong earnings and executional improvements in the fourth quarter of 2016, with profitable volume growth across all three core segments. Adjusted EBITDA increased 17.9% in Q4 and 15.4% for the full year.
- Net sales increased 6.1% in Q4 driven by volume growth from acquisitions and organic growth of 5.7% in core segments. Adjusted net income increased 174.7% in Q4 and 86.2% for the full year on margin improvements.
- For 2017, the company expects net sales growth and further increases in adjusted EBITDA and adjusted net income per share, supported by ongoing productivity gains and core segment volume
The document provides an overview of Greif's April 2018 investor meetings. It includes the following key points:
1) The document contains forward-looking statements and defines non-GAAP financial measures used, such as EBITDA.
2) Greif has four business segments - Rigid Industrial Packaging & Services (RIPS), Paper Packaging & Services (PPS), Flexible Products & Services (FPS), and Land Management. RIPS is the largest segment.
3) Greif has a global footprint with presence in 44 countries and aims to be the best performing customer service company in the world.
4) Greif is committed to health, safety and environmental protection goals and was awarded
- The company reported strong second quarter 2017 results, with revenue growth of 7% and adjusted EPS growth of 8%.
- Based on first half performance, the company is raising its full-year revenue and adjusted EPS guidance.
- The results were driven by robust growth in North America and China for commercial and residential HVAC products. Industrial performance was steady with continued improvements expected.
- The company continues its strategy of operational excellence to drive margin expansion, while reinvesting in the business and returning capital to shareholders through dividends and share repurchases.
Transforming Darden - The Starboard Value Paper on Olive Garden EtcNeil Kimberley
This document outlines a plan to transform Darden Restaurants by improving operations, separating real estate assets, spinning off specialty brands, and implementing a franchising program. The author believes these initiatives could increase annual EBITDA by $215-326 million and increase Darden's share price to $67-86 by improving margins, realizing real estate value, and separating undervalued brands. A key step is improving Olive Garden's performance through a renewed focus on operations and customer experience.
- The document provides financial information from Greif's Q1 2017 earnings conference call.
- Key highlights include net sales growth of 6.4% year-over-year driven by higher volumes. Gross and operating profit margins increased compared to the prior year quarter.
- All business segments showed improvements. Rigid Industrial Packaging margins grew and volumes increased across most products. Paper Packaging overcame input cost pressures through higher volumes. Flexible Products margins expanded significantly.
Cjs securities conference presentation january 2016 final for filing 1-12-16Hillenbrand_IR
The document discusses Hillenbrand, a global diversified industrial company. It provides an overview of the company's strategy, which includes growing organically and through acquisitions to double revenue by 2020. Hillenbrand operates through two platforms, Batesville and Process Equipment Group, and pursues acquisitions that are small, medium, or large and from internal or external sources. The company focuses on reinvesting cash flow into growth opportunities and returning capital to shareholders through dividends.
2018 UBS Global Industrials and Transportation Conference Presentationingersollrand2016
UBS Global Industrials & Transportation Conference presentation discusses Ingersoll Rand's business segments, financial performance, growth targets, and opportunities. It highlights Ingersoll Rand's leading market positions, focus on operational excellence and margin expansion, powerful cash flow generation, and balanced capital allocation strategy, which has delivered consistent growth and shareholder returns. The presentation also emphasizes Ingersoll Rand's commitment to sustainability, innovation, and high employee engagement.
Owens Corning presented information at investor events in June 2017. The presentation discussed Owens Corning's focus on shareholder value and provided an overview of the company's Q2 2017 performance. It summarized the company's three business segments and highlighted its improved portfolio, earnings, cash flow, and macroeconomic drivers. Owens Corning aims to invest in organic growth, pursue value-creating acquisitions, and return cash to shareholders.
- Masco reported strong results for the first quarter of 2016, with total sales increasing 4% year-over-year to $1.72 billion.
- All of Masco's business segments experienced sales growth in the quarter, with Plumbing Products sales up 2% and Decorative Architectural Products sales increasing 9%.
- Increased operating leverage and cost productivity led to a significant expansion in operating margins across most business segments compared to the prior year. Adjusted earnings per share increased 78% to $0.32.
The document provides an earnings call summary for AdvancePierre Foods for the third quarter of 2016. It discusses the following key points:
1) The implementation of a CEO succession plan, with Chris Sliva joining as president in November 2016 and succeeding John Simons as CEO in March 2017.
2) Strong third quarter performance with adjusted EBITDA of $79 million, adjusted net income of $35 million, and proactive pricing responses to commodity deflation.
3) Acquisition of Allied Specialty Foods, a competitor in Philly steak products, to expand market position and enhance synergies around raw materials procurement.
4) Financial outlook for 2016 anticipates net sales between $1,
The document provides an earnings presentation for the second quarter of 2014. It summarizes that sales increased 2.5% for the Material Handling segment but decreased for the Distribution segment due to the closure of Canadian branches. Gross profit margin declined due to lower sales versus the prior year. Adjusted net income was $7.2 million, comparable to the prior year. The presentation discusses recent acquisitions and divestitures, provides third quarter and full year 2014 outlooks, and includes reconciliations of non-GAAP financial measures.
The document provides an earnings presentation for Myers Industries for the second quarter of 2015. It summarizes financial results including a 7.6% increase in net sales driven by an acquisition and new product sales, though partially offset by decreased sales in some end markets. It also reports increases in gross profit margin and decreases in SG&A expenses. The presentation discusses segment level results, provides guidance for the full year 2015, and includes appendices with financial summaries and reconciliations as well as market indicators for relevant industries.
This document provides an investor presentation for Greif that includes forward-looking statements and non-GAAP financial measures. It summarizes Greif's vision, strategic priorities, and transformation progress. Greif's strategic priorities include improving customer experience, strengthening performance through margin expansion and cash flow generation, and optimizing its portfolio. The presentation highlights Greif's steady improvement across key financial metrics like gross margin, SG&A, and cash flow as it executes its transformation. Greif is tracking towards its 2017 transformation commitments and will provide an update at its upcoming Investor Day.
Masco reported strong financial results for the fourth quarter and full year 2013. Sales grew 9% for both periods driven by new product introductions and improved new home construction and remodeling activity. Adjusted operating profit increased 35% and 44% respectively, due to operating leverage and cost control. All business segments achieved sales and profit growth for the year. The company continues to strengthen its balance sheet, generating over $500 million in free cash flow for 2013 and reducing debt by $200 million. Masco delivered solid performance and expects continued growth in 2014 from innovation, market share gains, and productivity improvements.
- The presentation summarizes Rigid Industrial Packaging & Services (RIPS), Greif's largest business segment. RIPS focuses on strategic customer relationships and earning value over volume.
- RIPS has a global network and the industry's most comprehensive product line offering including steel drums, plastic drums, IBCs, and fibre drums. It serves a diverse set of end markets.
- The business has been overhauled through Greif's Transformation, including leadership changes, restructuring, customer refocus, and expansion initiatives in regions like Europe, the Americas, and Asia Pacific.
This investor presentation covers Ingersoll Rand's business, financial performance, growth opportunities, and outlook. Some key points:
- Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - that have diversified end markets and recurring revenue streams.
- The company has delivered strong financial performance through revenue growth, margin expansion, and powerful free cash flow generation. Targets include 4-4.5% revenue CAGR through 2020.
- Ongoing business investments in new products, technology, and capabilities support continued growth and profitability opportunities across segments.
- Ingersoll Rand pursues a balanced capital allocation strategy of reinvestment, dividends
This investor presentation summarizes an investor presentation from Ingersoll Rand given in May 2018. The key points are:
1) Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - and leading brands in various markets.
2) The company has a robust financial model that delivers powerful cash flow through diversified end markets, market leading positions, focus on margin expansion, and balanced capital deployment.
3) Ingersoll Rand's strategy of sustained growth, operational excellence, and dynamic capital allocation is driving profitable growth and margin improvement towards 2020 targets of 4-4.5% revenue CAGR, 14.5-15% operating margins, and 11-
The document provides an investor briefing for Bemis Company Inc. for December 2014. It summarizes the company's financial performance in 2013 and guidance for 2014. Bemis reported record adjusted EPS of $2.09 in 2013 and expects continuing operations adjusted EPS to be in the range of $2.26 to $2.31 for 2014. The company will focus on accelerating growth through initiatives like expanding in emerging markets, increasing sales of high-barrier packaging and healthcare packaging, and investing in new product technologies. Bemis maintains a disciplined capital allocation approach focused on organic growth, acquisitions, dividends, and share repurchases.
Sysco provided a forward-looking statement regarding risks and uncertainties in its business, including risks related to the economy, inflation, deflation, currency fluctuations, international expansion, acquisitions, capital expenditures, and estimates for future periods. The statement notes that actual results may differ materially from forecasts due to general risks associated with the business, economic conditions, and factors beyond management's control.
- Greif reported strong Q2 2017 results with net sales up 5.7% and operating profit before special items up 7.1% compared to prior year. Earnings per share increased 43% to $0.67.
- All business segments showed improvements in key metrics like customer satisfaction and operating margins. Rigid Industrial Packaging & Services margins increased despite divestitures.
- Guidance for 2017 earnings per share and free cash flow were narrowed based on first half performance. The company will provide more details on its strategic transformation at an upcoming Investor Day.
- Greif maintains a disciplined capital allocation approach focused on business investment, returning cash to shareholders, and financial flexibility.
Brian Kelley, CEO of Keurig Green Mountain, discussed the company's outlook and priorities at the CAGNY Conference on February 19, 2015. The company expects mid-single digit non-GAAP EPS growth in fiscal year 2015 despite negative impacts from foreign exchange rates and equity transactions. Keurig's priorities are to successfully launch the Keurig Cold system, continue investing in innovation, improve growth of the Keurig hot system, and begin global expansion of the Keurig system.
Wrk june 2017 investor presentation finalir_westrock
This document provides an investor presentation for WestRock from June 2017. It summarizes WestRock's position as a leader in paper and packaging with a comprehensive portfolio and track record of execution. WestRock has realized $675 million in synergies and productivity gains as of Q2 FY17 and expects to exceed $800 million by the end of FY17. It also provides updates on acquisitions of Multi Packaging Solutions and five facilities from U.S. Corrugated, as well as plans to build a new containerboard mill in Mexico through its Grupo Gondi joint venture.
- AdvancePierre Foods reported strong earnings and executional improvements in the fourth quarter of 2016, with profitable volume growth across all three core segments. Adjusted EBITDA increased 17.9% in Q4 and 15.4% for the full year.
- Net sales increased 6.1% in Q4 driven by volume growth from acquisitions and organic growth of 5.7% in core segments. Adjusted net income increased 174.7% in Q4 and 86.2% for the full year on margin improvements.
- For 2017, the company expects net sales growth and further increases in adjusted EBITDA and adjusted net income per share, supported by ongoing productivity gains and core segment volume
The document provides an overview of Greif's April 2018 investor meetings. It includes the following key points:
1) The document contains forward-looking statements and defines non-GAAP financial measures used, such as EBITDA.
2) Greif has four business segments - Rigid Industrial Packaging & Services (RIPS), Paper Packaging & Services (PPS), Flexible Products & Services (FPS), and Land Management. RIPS is the largest segment.
3) Greif has a global footprint with presence in 44 countries and aims to be the best performing customer service company in the world.
4) Greif is committed to health, safety and environmental protection goals and was awarded
- The company reported strong second quarter 2017 results, with revenue growth of 7% and adjusted EPS growth of 8%.
- Based on first half performance, the company is raising its full-year revenue and adjusted EPS guidance.
- The results were driven by robust growth in North America and China for commercial and residential HVAC products. Industrial performance was steady with continued improvements expected.
- The company continues its strategy of operational excellence to drive margin expansion, while reinvesting in the business and returning capital to shareholders through dividends and share repurchases.
Transforming Darden - The Starboard Value Paper on Olive Garden EtcNeil Kimberley
This document outlines a plan to transform Darden Restaurants by improving operations, separating real estate assets, spinning off specialty brands, and implementing a franchising program. The author believes these initiatives could increase annual EBITDA by $215-326 million and increase Darden's share price to $67-86 by improving margins, realizing real estate value, and separating undervalued brands. A key step is improving Olive Garden's performance through a renewed focus on operations and customer experience.
- The document provides financial information from Greif's Q1 2017 earnings conference call.
- Key highlights include net sales growth of 6.4% year-over-year driven by higher volumes. Gross and operating profit margins increased compared to the prior year quarter.
- All business segments showed improvements. Rigid Industrial Packaging margins grew and volumes increased across most products. Paper Packaging overcame input cost pressures through higher volumes. Flexible Products margins expanded significantly.
Cjs securities conference presentation january 2016 final for filing 1-12-16Hillenbrand_IR
The document discusses Hillenbrand, a global diversified industrial company. It provides an overview of the company's strategy, which includes growing organically and through acquisitions to double revenue by 2020. Hillenbrand operates through two platforms, Batesville and Process Equipment Group, and pursues acquisitions that are small, medium, or large and from internal or external sources. The company focuses on reinvesting cash flow into growth opportunities and returning capital to shareholders through dividends.
2018 UBS Global Industrials and Transportation Conference Presentationingersollrand2016
UBS Global Industrials & Transportation Conference presentation discusses Ingersoll Rand's business segments, financial performance, growth targets, and opportunities. It highlights Ingersoll Rand's leading market positions, focus on operational excellence and margin expansion, powerful cash flow generation, and balanced capital allocation strategy, which has delivered consistent growth and shareholder returns. The presentation also emphasizes Ingersoll Rand's commitment to sustainability, innovation, and high employee engagement.
Owens Corning presented information at investor events in June 2017. The presentation discussed Owens Corning's focus on shareholder value and provided an overview of the company's Q2 2017 performance. It summarized the company's three business segments and highlighted its improved portfolio, earnings, cash flow, and macroeconomic drivers. Owens Corning aims to invest in organic growth, pursue value-creating acquisitions, and return cash to shareholders.
- Masco reported strong results for the first quarter of 2016, with total sales increasing 4% year-over-year to $1.72 billion.
- All of Masco's business segments experienced sales growth in the quarter, with Plumbing Products sales up 2% and Decorative Architectural Products sales increasing 9%.
- Increased operating leverage and cost productivity led to a significant expansion in operating margins across most business segments compared to the prior year. Adjusted earnings per share increased 78% to $0.32.
The document provides an earnings call summary for AdvancePierre Foods for the third quarter of 2016. It discusses the following key points:
1) The implementation of a CEO succession plan, with Chris Sliva joining as president in November 2016 and succeeding John Simons as CEO in March 2017.
2) Strong third quarter performance with adjusted EBITDA of $79 million, adjusted net income of $35 million, and proactive pricing responses to commodity deflation.
3) Acquisition of Allied Specialty Foods, a competitor in Philly steak products, to expand market position and enhance synergies around raw materials procurement.
4) Financial outlook for 2016 anticipates net sales between $1,
The document provides an earnings presentation for the second quarter of 2014. It summarizes that sales increased 2.5% for the Material Handling segment but decreased for the Distribution segment due to the closure of Canadian branches. Gross profit margin declined due to lower sales versus the prior year. Adjusted net income was $7.2 million, comparable to the prior year. The presentation discusses recent acquisitions and divestitures, provides third quarter and full year 2014 outlooks, and includes reconciliations of non-GAAP financial measures.
The document provides an earnings presentation for Myers Industries for the second quarter of 2015. It summarizes financial results including a 7.6% increase in net sales driven by an acquisition and new product sales, though partially offset by decreased sales in some end markets. It also reports increases in gross profit margin and decreases in SG&A expenses. The presentation discusses segment level results, provides guidance for the full year 2015, and includes appendices with financial summaries and reconciliations as well as market indicators for relevant industries.
First Quarter Earnings Call Presentation, April 2014Myers_Investors
The document provides an earnings presentation for Myers Industries' first quarter 2014 financial results. It summarizes key financial details such as net sales, gross profit margin, adjusted net income, and EPS. It also reviews performance in each of the company's business segments and provides an outlook for the second quarter and full year 2014. Challenging winter weather negatively impacted Q1 2014 results, but productivity improvements are expected to increase full year adjusted earnings.
- Myers Industries acquired Scepter Corporation and Scepter Manufacturing for $157 million to expand its material handling segment.
- Scepter is a leading manufacturer of polymer products for consumer, military, marine, and industrial markets, generating $100 million in annual sales.
- The acquisition is expected to immediately enhance Myers' profitability, cash flow, and return on invested capital, and achieve annual synergies of over $2 million.
This document discusses Myers Industries' planned acquisition of Scepter. It states that the acquisition fits Myers' long-term strategy of growing its Material Handling Segment. The acquisition is expected to provide opportunities for growth in the Marine and Military markets and have operating margins and returns similar to Myers' other segments. The acquisition is anticipated to be accretive to Myers' earnings in 2014 and increase its free cash flow generation. However, the document also contains forward-looking statements about expectations and includes risks that could cause actual results to differ from expectations.
This document provides an earnings presentation summary for Q4 and full year 2014. Some key points:
- Sales increased 9.4% in Q4 due to the Scepter acquisition but gross profit margin declined. Adjusted income per share was $0.13.
- For the full year, the company generated $28 million in free cash flow, increased dividends by 44%, and returned $70.6 million to shareholders.
- The outlook anticipates increased sales and earnings in 2015 compared to 2014 as benefits emerge from cost reductions and business streamlining in 2014.
The document is an investor presentation by Myers Industries, Inc. It discusses Myers' realignment into two core business segments: Material Handling and Distribution. It highlights strategic goals like growth, profitability, and free cash flow. Financial metrics and targets are presented, showing progress towards goals. The presentation also discusses capital allocation priorities and returning cash to shareholders through dividends and share repurchases.
The document is an investor presentation by Myers Industries defending its board of directors and strategy against criticism from GAMCO. It makes the following key points:
- GAMCO has not proposed a specific plan to improve shareholder value and its criticisms contain inaccuracies.
- The board has executed a strategic plan to focus on two core businesses through acquisitions and divestitures.
- While 2014 performance was impacted by economic factors, the company has a higher growth profile and is focused on increasing profitability and cash flow.
- The board maintains strong governance practices and the company returns capital to shareholders through dividends and share repurchases while reducing debt.
- Myers urges shareholders to vote for the existing board members
This document provides an earnings presentation for Myers Industries' first quarter of 2015. It summarizes key financial metrics such as sales, gross profit margin, SG&A expenses, and income. It also discusses segment-level results for Material Handling and Distribution. The presentation notes sales increases from the Scepter acquisition but declines in agricultural end markets. It provides an outlook expecting continued challenges in agriculture but benefits from strategic actions. The appendix reconciles non-GAAP metrics and provides market indicators for relevant industries.
US Foods reported strong financial results for Q3 2016, with 4% total case volume growth and earnings growth outpacing revenue growth. Adjusted EBITDA increased 8.4% to $244 million compared to Q3 2015, driven by initiatives to offset deflationary pressures and lower restructuring charges. The company also raised full-year 2016 guidance for adjusted EBITDA growth to a range of 9-10% and continued to strengthen its portfolio through acquisitions.
In Q2 2016, US Foods reported 6.8% growth in independent restaurant volume and 10% growth in adjusted EBITDA. Net sales were down slightly due to chain exits and deflation. The company completed refinancing actions following its IPO that lowered interest expenses and extended debt maturities. Management provided an outlook for 2016 of 6-7% independent restaurant case growth and 8-9% adjusted EBITDA growth. Mid-term targets include annual case growth of 2-4% and adjusted EBITDA growth of 7-10%.
(1) Earnings for Myers Industries declined in the third quarter of 2014 due to lower sales in the agricultural and automotive industries in the US and Brazil, as well as higher costs.
(2) The acquisition of Scepter boosted Material Handling segment sales but lowered overall profits due to purchase accounting adjustments and acquisition costs.
(3) Soft market conditions are expected to continue negatively impacting results in the fourth quarter and full year 2014 compared to the prior year. However, the company remains optimistic about 2015 and beyond as it transforms to two focused business segments.
- Myers Industries reported net sales of $151.2 million in Q1 2016, a decrease of 3.3% from the prior year due to organic sales decline of 1.3% and unfavorable currency impact of 2%.
- Gross margin increased 260 basis points to 31.9% due to lower input costs, operational improvements, and product line rationalization.
- Adjusted EPS from continuing operations increased 75% to $0.21 due to gross margin expansion partially offset by higher capital spending.
- Several large one-time charges were recorded in Q1 including $8.5 million in non-cash impairment charges in Brazil and $2 million in CFO severance costs.
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2. Forward-‐looking
Statements
Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results
may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on
current indicators and expectations. Whenever you read a statement that is not simply a statement of historical fact (such as when
we describe what we "believe," "expect," or "anticipate" will occur, and other similar statements), you must remember that our
expectations may not be correct, even though we believe they are reasonable. We do not guarantee that the transactions and
events described will happen as described (or that they will happen at all). You should review this presentation with the
understanding that actual future results may be materially different from what we expect. Many of the factors that will determine
these results are beyond our ability to control or predict. You are cautioned not to put undue reliance on any forward-looking
statement. We do not intend, and undertake no obligation, to update these forward-looking statements. These statements involve
a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the
applicable statements. Such risks include:
(1) Changes in the markets for the Company’s business segments
(2) Changes in trends and demands in the markets in which the Company competes
(3) Unanticipated downturn in business relationships with customers or their purchases
(4) Competitive pressures on sales and pricing
(5) Raw material availability, increases in raw material costs, or other production costs
(6) Harsh weather conditions
(7) Future economic and financial conditions in the United States and around the world
(8) Inability of the Company to meet future capital requirements
(9) Claims, litigation and regulatory actions against the Company
(10) Changes in laws and regulations affecting the Company
(11) The Company’s ability to execute the components of its Strategic Business Evolution process
Myers Industries, Inc. encourages investors to learn more about these risk factors. A detailed
explanation of these factors is available in the Company’s publicly filed quarterly and annual reports,
which can be found online at www.myersind.com and at the SEC.gov web site.
2
3. Why
Myers
3
• Significant
progress
in
streamlining
business
• Enhanced
plaIorm
to
accelerate
growth
• Strong
market
posi4ons;
plan
to
further
penetrate
expansion
markets
• Financially
strong;
disciplined
capital
deployment
• Dedicated
to
enhancing
shareholder
value
4. 4
Company
at
a
Glance
Material Handling Distribution
Two core businesses and repor0ng
segments:
Material Handling
• Polymer-‐based
returnable
packaging
• Polymer-‐based
storage
and
safety
products
• Specialty
molding
Distribu0on
• Largest
wholesale
distributor
of
tools,
supplies
and
equipment
for
the
4re,
wheel
and
undervehicle
service
segment
industry;
parts
produc4on
• Manufacturer
of
repair
and
retread
products
74%
26%
2013
Net
Sales*
70%
30%
2013
Adjusted
EBIT*
Material Handing | Distribu0on
• Data
has
been
updated
to
reflect
discon4nued
opera4ons
presenta4on,
segment
realignment
completed
in
June
2014,
and
inclusion
of
Scepter
Corpora4on
Group’s
2013
sales
and
EBIT.
6. Growth
Drivers
6
Net
Sales
Growth
+
• Select investments and acquisitions
• Richer product mix
• New markets and geographies
Profitability
+
• Optimize capacity
• Drive greater operating efficiency
• Enhance product mix
Free
Cash
Flow
• Sales growth and profitability improvement
• Capital discipline
7. Strategic
&
Financial
Goals
Strategic
Goals
• Focus on markets
that
have
strong,
sustainable
growth
and
profit
poten4al
• Material Handling:
• Liquid/Semi-‐liquid
food
products
• Bulk
packaging
of
dry,
granular
flowable
products
• Acquisi4ons
• Distribu0on:
• Auto
dealer
4re
market
• Value
chain
strategic
customer
partnerships
• E-‐Commerce
• Strategic
geographic
acquisi4ons
• Invest within
our
growth
plaIorms
for
value
crea4on
• Drive
earnings
growth
faster
than
sales
growth
• Maintain
a
strong
and
flexible
balance
sheet
7
Financial
Goals
• Sales Growth > 2.0x GDP
• Gross Margin > 30%
• EPS Growth > 20% CAGR
• Free Cash Flow ≥ 100% of Net
Income
• ROIC > Cost of Capital
• InnovaDon/NPD > 10% of Sales
• Ops Excellence Savings = 3% of
COGS (gross)
8. Recent
Announcements
&
Events
• Acquisi4on
of
Scepter
• Commencement
of
the
sale
of
the
Lawn
&
Garden
Segment
• Two-‐phase
restructuring
complete
• Engaged
William
Blair
to
assist
with
the
sale
process
• Expect
the
sale
to
be
completed
by
mid-‐2015
• Reported
as
discon4nued
opera4ons
• Sale
of
WEK
Industries,
Inc.
to
Industrial
Opportunity
Partners
for
≈
$20
million
–
reported
as
discon4nued
opera4ons
• Segment
repor4ng
realignment
• Two
reportable
segments
from
four
• Material
Handling
• Distribu4on
8
9. Growth
PlaIorms
We
will
con4nuously
upgrade
Myers’
performance
through:
Disciplined Por;olio Management and
Investment in Profitable Growth
9
Pla;orm Growth
2012-‐2014
Acquisi0ons
Material Handling
Returnable
Packaging
Drive
conversions
to
reusable
products
through
further
penetra4on
of
exis4ng
growth
markets,
new
end
markets
and
broader
geographic
reach.
Novel/
Scepter
Storage & Safety
Products
Further
grow
plaIorm
with
acquisi4ons.
Strengthen
compe44ve
advantage
through
distribu4on
channels.
Jamco
Products
Inc.
Specialty Molding
Expand
our
capabili4es
to
further
grow
our
posi4ons
in
Marine
and
RV.
Scepter
Distribu0on
Tire Supply
Distribu0on
Grow
through
market
reach,
innova4ve
products
and
expanded
global
sourcing.
Tire Repair &
Retread Products
Leverage
product
and
customer
exper4se
to
grow
niche
market.
10. Scepter
Acquisi4on
Overview
• Completed
acquisi4on
of
Scepter
Corpora4on
(Canadian
company)
and
Scepter
Manufacturing,
LLC
(US
company),
a
manufacturer
of
polymer
products,
July
2,
2014
• Grows
Material
Handling
Segment
with
adjacent
products
and
technologies,
and
expands
end
markets
and
geographic
reach
10
11. Transac4on
Summary
Structure
• Purchase
price
$157M
• Increased
senior
secured
revolving
credit
facility
to
$300M
to
fund
acquisi4on
• Proceeds
from
the
dives4ture
of
Lawn
&
Garden
Segment
will
be
used
to
pay
down
debt
• Closed
July
2,
2014
Financial
Contribu4on
• Sales
in
2013
of
$94.8M
• EBIT
in
2013
of
$16.7M;
EBITDA
in
2013
of
$21.9M
• Increases
Material
Handling
2013
revenue
by
25%
• An4cipate
realizing
synergies
of
more
than
$2M
annually
• Expected
returns
>
cost
of
capital
• Immediate
contribu4on
to
adjusted
EPS
11
12. Strong
Combined
PlaIorm
for
Growth
Myers Scepter New Myers
Returnable
packaging
ü ü ü
Storage
and
safety
ü ü
Specialty
molding
ü ü ü
Industrial
ü ü ü
Marine
ü ü ü
Consumer
ü ü
Military
ü ü
North
America
ü ü ü
La4n
America
ü ü
12
13. Lawn
&
Garden
Segment
• Completed
mul4-‐phase
restructuring
of
the
segment
in
1H
2014
• Announced
commencement
of
the
sale
of
Lawn
&
Garden
Segment
June
2,
2014
• As
of
second
quarter
2014,
the
Lawn
&
Garden
Segment
is
being
reported
as
discon4nued
opera4ons
• Expect
sale
to
be
completed
by
mid-‐2015
13
14. Progress
Towards
Financial
Goals
14
Key Accomplishment Metrics
Metric Goal 2013(4) 2012(4)
Sales Growth(1) > 2.0x GDP 7.2% 7.2%
Gross Profit Margin > 30% 29.0% 30.0%
Adjusted EPS Growth* >20% CAGR 28.3% 89.0%
Free Cash Flow ≥ 100% of Net Income 205% 90%
ROIC(2) > 10% 17% 15%
Innovation / NPD(3) >10% of Sales 7% 7%
Operations Excellence Savings 3% of COGS (gross) 2% 3%
(1) Using real GDP forecasted and actual growth rates, 2.0x GDP growth = 4.4% and 4.6% for 2013 and 2012 respectively.
(2) ROIC = Net Operating Profit After Tax/(Debt + Equity).
(3) NPD = New Product Development calculation based on products/services introduced within the last three years.
(4) 2013 and 2012 reflect discontinued operations presentation and do not include Scepter acquisition completed in 2014.
15. Solid
Cash
Flow
Genera4on
Free
Cash
Flow
$31
$1 8
$29
$55
As Reported Continuing
$77
$20
$57
$25
$42
$24
$54
$(Millions)
$100
$80
$60
$40
$20
$0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
15
Notes:
1) Free
cash
flow
calculated
as
cash
flow
from
con4nuing
opera4ons
less
capital
expenditures.
2) Years
2012
and
2013
have
been
adjusted
to
reflect
discon4nued
opera4ons
presenta4on.
Genera4ng
Free
Cash
Flow,
Inves4ng
for
the
Future
and
Returning
Cash
to
Shareholders
Operations
16. Strong
&
Flexible
Balance
Sheet
16
Net
Debt-‐to-‐Capital
70%
60%
50%
40%
30%
20%
10%
$300
$250
$200
$150
$100
$50
Notes:
1) Net
Debt-‐to-‐Capital
ra4o
calculated
as
net
debt/(net
debt+equity).
2) Net
Debt
at
September
30,
2014
was
$268.5M.
Available
liquidity
at
September
30,
2014
was
$117.8M.
3) Data
has
not
been
adjusted
to
reflect
discon4nued
opera4ons.
Maintaining
strong
balance
sheet
for
investments
and
returning
capital
to
shareholders
44%
41%
41%
34%
39%
28%
27%
25%
28%
14%
60%
0%
$0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Q3
2014
Net
Debt
($
Millions)
Net
Debt-‐to-‐Capital
17. Balanced
Approach
to
Capital
Alloca4on
17
InvesDng for the future and returning cash to
shareholders
Organic
Growth
• Reinvest
in
business
• New
product
development
• Process
improvements
Growth
Through
Acquisi4ons
• Core
markets
• Adjacencies
Return
Capital
to
Shareholders
• Dividends
• Share
repurchases
• Debt
reduc4on
18. Returning
Cash
to
Shareholders
• Increasing
• Increased
• Buying
• Invested
• Invested
• 4.9
$0.07
Back
Shares
million
shares
remaining
in
Board
authoriza4on
(as
of
9-‐30-‐14)
$0.07
Dividends
Q1
2014
quarterly
dividend
by
44%
to
$0.13
per
share
$33M
to
buy
back
2.8M
shares
from
2011
to
2013
$48M
to
buy
back
2.3M
shares
YTD
September
2014
$0.08
$0.09
$0.1 3
$0.1 3
$0.1 1
$0.09
$0.07
$0.05
$0.03
2010 201 1 201 2 201 3 201 4
18
Quarterly Dividends Paid
$Millions Invested in Share Repurchases
$0.0
$21 .0
$4.2
$8.1
$48.0
$60.0
$50.0
$40.0
$30.0
$20.0
$1 0.0
$0.0
2010 2011 2012 2013 YTD Sept
2014
Notes
re:
quarterly
dividends:
1)
Above
adjusted
for
stock
dividends
and
splits
in
2000,
2001,
2002
and
2004.
2)
In
2007
there
was
an
addi4onal
special
dividend
(not
shown
above)
of
$0.28
or
$9.9M
accrued
but
not
paid
un4l
2008,
resul4ng
from
a
merger
termina4on
payment.
19. Why
Myers
19
• Significant
progress
in
streamlining
business
• Enhanced
plaIorm
to
accelerate
growth
• Strong
market
posi4ons;
plan
to
further
penetrate
expansion
markets
• Financially
strong;
disciplined
capital
deployment
• Dedicated
to
enhancing
shareholder
value
21. Management
Team
John
C.
Orr,
President
&
Chief
Execu4ve
Officer
• Named
President
and
CEO
May
2005
• Previously
President
and
COO,
responsible
for
global
manufacturing
and
distribu4on
• Prior
General
Manager
of
Buckhorn
• Previous
28
years
with
Goodyear,
including
Vice
President
of
Manufacturing
for
North
America
and
Director
of
Manufacturing
for
La4n
America
Division
Gregg
Branning,
SVP,
Chief
Financial
Officer
&
Corporate
Secretary
• Joined
Myers
as
CFO
in
September
2012
• Previously
VP
of
Finance
and
CFO
of
Danaher
subsidiary,
Thomson
Industries,
a
global
industrial
manufacturing
business
• Prior
President
of
Danaher
subsidiary,
Accu-‐Sort,
global
developer
and
manufacturer
of
technological
products;
also
CFO
of
Joslyn
Hi-‐Voltage
• Prior
to
Danaher,
13
years
with
Hamilton
Sundstrand
&
7
in
public
accoun4ng
21
More than 100 Years of Experience in Manufacturing
22. Management
Team
22
More than 100 Years of Experience in Manufacturing
Joel
Grant,
SVP
&
General
Manager,
Material
Handling
Segment
• Named
VP
&
General
Manager,
Material
Handling
Segment
in
November
of
2010,
with
his
4tle
changing
to
Senior
VP
&
General
Manager
in
July
of
2011
• Previously
Managing
Director
of
Material
Handling
&
GM
of
Buckhorn
• Prior
Director
of
Opera4ons
of
Material
Handling,
Director
of
Sales
&
Marke4ng,
Buckhorn,
and
Director
of
Sales,
Buckhorn
• Over
13
years
of
experience
with
the
Sonoco
Products
Company
and
seven
years
with
Con4nental
Group
of
New
York
(division
sold
to
Sonoco
Products)
Alex
Williamson,
VP
&
General
Manager,
Distribu4on
Segment
• Joined
Myers
as
VP
&
General
Manager,
Distribu4on
Segment
in
June
2014
• Previously
Co-‐President
of
Seaman
Corpora4on
• Held
senior
leadership
posi4ons
at
Noveon
Inc.
(now
Lubrizol)
• Over
24
years
of
experience
in
business
management
and
an
extensive
background
in
marke4ng,
sales,
chemistry,
and
product
engineering
23. Market
Indicators
Material Handling
Sources: U.S. Census Business and Industry - August 2014
MHI MHEM Forecast – July 2014
23
Sources: RVIA Forecasts, August 2014; FRB G17 Release, July 2014
25. Reconcilia4on
of
Non-‐GAAP
Measures
25
RECONCILIATION OF NON-‐GAAP FINANCIAL MEASURES
COMBINED STATEMENTS OF INCOME (UNAUDITED)
Year Ended
December 31
2013
SCEPTER CORPORATION GROUP
(Dollars in thousands)
Net Income $
11,754
Add:
interest
expense
671
Add:
income
tax
expense
4,309
EBIT* $
16,734
Add:
depreciation
4,170
Add:
depreciation
of
administrative
assets
521
Add:
amortization
of
intangible
assets
482
EBITDA* $
21,907
*EBIT and EBITDA are not defined terms under U.S. generally accepted accounting principles (non-‐
GAAP measures). Non-‐GAAP measures should not be considered in isolation or as a substitute for net
income, cash flow or total debt figures prepared in accordance with GAAP and may not be
comparable
to
similarly
titled
measures
calculated
by
other
companies.
26. Reconcilia4on
of
Non-‐GAAP
Measures
26
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-‐GAAP FINANCIAL MEASURES
INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED)
(Dollars in thousands, except per share data)
Three Months Ended Three Months Ended Three Months Ended Three Months Ended Six Months Ended Nine Months Ended Year Ended
March 31 June 30 September 30 December 31 June 30 September 30 December 31
2013 2013 2013 2013 2013 2013 2013
Material Handling
Income
before
income
taxes
as
reported $
11,482 $
13,358 $
12,085 $
10,503 $
24,840 $
36,925 $
47,428
Restructuring
expenses
and
other
adjustments
209
16
-‐
-‐
225
225
225
Income
before
income
taxes
as
adjusted
11,691
13,374
12,085
10,503
25,065
37,150
47,653
Distribution
Income
before
income
taxes
as
reported
5,287
6,043
6,287
4,110
11,330
17,617
21,727
Restructuring
and
other
adjustments
74
18
25
76
92
117
193
Income
before
income
taxes
as
adjusted
5,361
6,061
6,312
4,186
11,422
17,734
21,920
Corporate and interest expense
(Loss)
before
income
taxes
as
reported
(7,734)
(7,899)
(7,220)
(6,517)
(15,633)
(22,853)
(29,370)
Other
adjustments
17
-‐
-‐
-‐
17
17
17
(Loss)
before
income
taxes
as
adjusted
(7,717)
(7,899)
(7,220)
(6,517)
(15,616)
(22,836)
(29,353)
Continuing operations
Income
from
continuing
operations
before
income
taxes
as
reported
9,035
11,502
11,152
8,096
20,537
31,689
39,784
Restructuring
expenses
and
other
adjustments
300
34
25
76
334
359
435
Income
from
continuing
operations
before
income
taxes
as
adjusted
9,335
11,536
11,177
8,172
20,871
32,048
40,219
Income
tax
expense
3,454
4,268
4,136
2,942
7,722
11,858
14,479
Income
from
continuing
operations
as
adjusted
5,881
7,268
7,042
5,230
13,149
20,190
25,740
Discontinued operations
Income
(loss)
from
discontinued
operations
before
income
taxes
as
reported
3,118
500
(188)
(3,824)
3,618
3,430
(394)
Restructuring
expenses
and
other
adjustments
406
736
1,141
9,315
1,142
2,283
11,598
Loss
on
disposal
of
assets
616
616
616
616
Depreciation
recapture
-‐
-‐
1,264
-‐
-‐
1,264
1,264
Income
from
discontinued
operations
before
income
taxes
as
adjusted
3,524
1,852
2,217
5,491
5,376
7,593
13,084
Income
tax
expense
1,304
685
820
1,977
1,989
2,809
4,710
Income
from
discontinued
operations
as
adjusted
2,220
1,167
1,397
3,515
3,387
4,783
8,374
Consolidated
Net
income
as
adjusted $
8,101 $
8,435 $
8,439 $
8,744 $
16,536 $
24,974 $
34,114
Adjusted
earnings
per
diluted
share
from
continuing
operations $
0.17 $
0.21 $
0.21 $
0.15 $
0.39 $
0.59 $
0.75
Adjusted
earnings
per
diluted
share
from
discontinued
operations
0.07
0.04
0.04
0.10
0.10
0.14
0.25
Adjusted
earnings
per
diluted
share $
0.24 $
0.25 $
0.25 $
0.26 $
0.49 $
0.73 $
1.00
Note:
His torical
information
has
been
adjus ted
to
reflect
dis continued
operations
presentation
and
the
segment
realignment
completed
in
June
2014.
Note on Reconciliation of Income and Earnings Data: Income (los s ) excluding the items mentioned in this reconciliation chart is a non-‐GAAP financial measure that Myers Indus tries , Inc. calculates according to the schedule above, using GAAP amounts from the unaudited Condensed
Consolidated Financial Statements . The Company believes that the excluded items are not primarily related to core operational activities . The Company believes that income (los s ) excluding items that are not primarily related to core operating activities is generally viewed as
providing useful information regarding a company's operating performance. Management uses income (los s ) excluding these items as well as other financial measures in connection with its decision-‐making activities . Income (los s ) excluding these items should not be cons idered
in isolation or as a subs titute for net income (los s ), income (los s ) before taxes or other consolidated income data prepared in accordance with GAAP. The Company's method for calculating income (los s ) excluding these items may not be comparable to methods used by other
companies .
27. Reconcilia4on
of
Non-‐GAAP
Measures
27
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-‐GAAP FINANCIAL MEASURES
INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED)
(Dollars in thousands, except per share data)
Three Months Ended Three Months Ended Three Months Ended Three Months Ended Six Months Ended Nine Months Ended Year Ended
March 31 June 30 September 30 December 31 June 30 September 30 December 31
201 2 201 2 201 2 201 2 201 2 201 2 201 2
Material Handling
Income
before
income
taxes
as
reported $
14,395 $
10,480 $
13,633 $
12,788 $
24,875 $
38,508 $
51,296
Restructuring
expenses
and
other
adjustments
-‐
-‐
-‐
168
-‐
-‐
168
Income
before
income
taxes
as
adjusted
14,395
10,480
13,633
12,956
24,875
38,508
51,464
Distribution
Income
before
income
taxes
as
reported
5,011
6,274
5,755
5,542
11,285
17,040
22,582
Gain
on
sale
of
buildings
(310)
(70)
(460)
(310)
(380)
(840)
Restructuring
and
other
adjustments
430
54
235
10
484
719
729
Income
before
income
taxes
as
adjusted
5,441
6,018
5,920
5,092
11,459
17,379
22,471
Corporate and interest expense
(Loss)
before
income
taxes
as
reported
(6,264)
(7,130)
(10,096)
(8,192)
(13,394)
(23,490)
(31,682)
Other
adjustments
-‐
-‐
1,486
318
-‐
1,486
1,804
(Loss)
before
income
taxes
as
adjusted
(6,264)
(7,130)
(8,610)
(7,874)
(13,394)
(22,004)
(29,878)
Continuing operations
Income
from
continuing
operations
before
income
taxes
as
reported
13,142
9,625
9,292
10,138
22,766
32,058
42,196
Gain
on
sale
of
building
-‐
(310)
(70)
(460)
(310)
(380)
(840)
Restructuring
expenses
and
other
adjustments
430
54
1,721
496
484
2,205
2,701
Income
from
continuing
operations
before
income
taxes
as
adjusted
13,572
9,369
10,943
10,174
22,940
33,883
44,057
Income
tax
expense
5,293
3,560
4,158
3,764
8,717
12,876
16,301
Income
from
continuing
operations
as
adjusted
8,279
5,809
6,785
6,409
14,223
21,008
27,756
Discontinued operations
Income
(loss)
from
discontinued
operations
before
income
taxes
as
reported
2,894
(686)
(713)
3,650
2,207
1,494
5,144
Restructuring
expenses
and
other
adjustments
126
517
868
301
643
1,511
1,812
Income
(loss)
from
discontinued
operations
before
income
taxes
as
adjusted
3,020
(169)
155
3,951
2,850
3,005
6,956
Income
tax
expense
(benefit)
1,178
(64)
59
1,462
1,083
1,142
2,574
Income
(loss)
from
discontinued
operations
as
adjusted
1,842
(105)
96
2,489
1,767
1,863
4,382
Consolidated
Net
income
as
adjusted $
10,121 $
5,704 $
6,881 $
8,898 $
15,990 $
22,871 $
32,138
Adjusted
earnings
per
diluted
share
from
continuing
operations $
0.25 $
0.17 $
0.20 $
0.19 $
0.42 $
0.62 $
0.81
Adjusted
earnings
per
diluted
share
from
discontinued
operations
0.05
(0.00)
0.00
0.07
0.05
0.05
0.13
Adjusted
earnings
per
diluted
share $
0.30 $
0.17 $
0.20 $
0.26 $
0.47 $
0.67 $
0.94
Note:
His torical
information
has
been
adjus ted
to
reflect
dis continued
operations
presentation
and
the
segment
realignment
completed
in
June
2014.
Note on Reconciliation of Income and Earnings Data: Income (los s ) excluding the items mentioned in this reconciliation chart is a non-‐GAAP financial measure that Myers Indus tries , Inc. calculates according to the schedule above, using GAAP amounts from the unaudited Condensed
Consolidated Financial Statements . The Company believes that the excluded items are not primarily related to core operational activities . The Company believes that income (los s ) excluding items that are not primarily related to core operating activities is generally viewed as
providing useful information regarding a company's operating performance. Management uses income (los s ) excluding these items as well as other financial measures in connection with its decision-‐making activities . Income (los s ) excluding these items should not be
cons idered in isolation or as a subs titute for net income (los s ), income (los s ) before taxes or other consolidated income data prepared in accordance with GAAP. The Company's method for calculating income (los s ) excluding these items may not be comparable to methods used
by
other
companies .