SlideShare a Scribd company logo
Earnings Presentation 
Third Quarter 2014 
October 29, 2014
2 
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. 
Safe Harbor Statement
Third Quarter US Agricultural Conditions 3 
• 
Extremely low U.S. crop prices caused agricultural companies to decrease purchases of our storage products during the third quarter
Third Quarter Brazilian Market Conditions 4 
*Source: www.indexmundi.com 
Brazilian Corn Prices* 
• 
Declines in agricultural, automotive and industrial production in Brazil contributed to lower sales volumes and margins in the third quarter 
Brazilian Soy Bean Prices*
Third Quarter 2014 Financial Summary 5 
• 
Sales increase of 25% in the Material Handling Segment due to Scepter acquisition partially offset by a sales decrease of 3.4% in the Distribution Segment due to the closure of the segment’s Canadian branches and lower custom sales 
• 
Gross profit margin decrease due mostly to lower sales volume, a change in product mix and a $2.3 million inventory purchase accounting adjustment 
• 
SG&A increase result of $2.9 million of transaction costs related to the Scepter acquisition, $6.4 million incremental SG&A expenses due to Scepter acquisition and a reserve of $3.0 million related to an award of attorney fees in connection with a patent infringement lawsuit 
• 
Adjusted EPS of $0.07 vs. $0.21 in the third quarter of 2013 
Note: All figures except ratios and percents are $Millions 
Continuing OperationsQ3Q3Highlights20142013B/(W) Net sales$162.1$141.414.6% Gross profit margin24.7%30.1% SG&A$42.6$30.340.9% Net Income - adjusted¹$2.3$7.1(67.2%) Effective tax rate31.9%38.5% EPS - adjusted¹$0.07$0.21(66.7%) ¹See Reconciliation of Non-GAAP measures on slide 11
Third Quarter 2014 Financial Summary 6 
Notes: All figures except ratios and percents are $Millions Free cash flow = cash flow from operations – capital expenditures 
Continuing OperationsNine Months EndedNine Months EndedCashSeptember 30,September 30, Highlights20142013Cash (used for) provided by operations($2.8)$29.3Capital expenditures$10.9$13.5Free cash flow($13.7)$15.8Dividends$11.6$6.0Balance SheetSeptember 30,December 31, Highlights20142013Long-term debt$276.9$44.3Debt - net of cash$268.5$37.8Net debt to total capital60.4%13.8%
• 
Sales increase year-over-year generated by acquisition of Scepter which closed on July 2, 2014 
•Decrease in adjusted income before taxes due to change in product and customer mix and higher freight and distribution costs compared to last year 
Third Quarter Results – Material Handling 7 
$ Millions 
See Reconciliation of Non-GAAP measures on slide 11 
$89.9 $112.3 $0$20$40$60$80$100$120Q3 2013Q3 2014Net Sales$12.1 $8.3 $0$5$10$15Q3 2013Q3 2014IBT -Adjusted
• 
Net sales declined compared to last year as a result of the closure of the Canadian branches in the first quarter of 2014 and lower custom sales 
• 
Adjusted income before taxes decreased as a result of a change in product mix year- over-year and higher logistics costs 
Third Quarter Results – Distribution 8 
$ Millions 
See Reconciliation of Non-GAAP measures on slide 11 
$51.7 $49.9 $35$40$45$50$55Q3 2013Q3 2014Net Sales$6.3 $4.3 $0$1$2$3$4$5$6$7Q3 2013Q3 2014IBT -Adjusted
Outlook 
• 
Anticipate soft market conditions may continue to negatively impact us throughout the fourth quarter resulting in a decrease in adjusted earnings from continuing operations for both the second half and full year of 2014 compared to the same periods in 2013 
• 
Remain optimistic about 2015 and longer-term growth opportunities as we continue the transformation of Myers Industries from four disparate operating segments to two focused, higher margin, higher return segments – Material Handling and Distribution 9
Appendix 10
Reconciliation of Non-GAAP Measures 11 
MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions, except per share data) Quarter Ended September 30, Nine Months Ended September 30, 2014 2013 2014 2013 Material Handling (Loss) income before income taxes as reported $ (0.4 ) $ 12.1 $ 23.9 $ 36.9 Patent infringement lawsuit 3.0 — 3.0 — Transaction costs - Scepter 2.9 — 2.9 — Inventory step-up - Scepter acquisition 2.3 — 2.3 — Restructuring expenses and other adjustments 0.5 — 1.1 0.2 Income before income taxes as adjusted 8.3 12.1 33.2 37.1 Distribution Income before income taxes as reported 4.1 6.3 12.7 17.6 Restructuring expenses and other adjustments 0.2 — 1.0 0.1 Income before income taxes as adjusted 4.3 6.3 13.7 17.7 Corporate and interest expense Loss before income taxes as reported (9.0) (7.2 ) (25.0 ) (22.9 ) Transaction costs 0.1 — 0.7 — Loss before income taxes as adjusted (8.9) (7.2 ) (24.3 ) (22.9 ) Continuing operations (Loss) income from continuing operations before income taxes as reported (5.3) 11.2 11.6 31.6 Restructuring expenses and other adjustments 6.0 — 7.4 0.3 Transaction costs 3.0 — 3.6 — Income from continuing operations before income taxes as adjusted 3.7 11.2 22.6 31.9 Income tax expense 1.4 4.1 8.4 11.8 Income from continuing operations as adjusted 2.3 7.1 14.3 20.1 Discontinued operations Income (loss) from discontinued operations before income taxes 0.8 (0.2 ) (6.2 ) 3.4 Restructuring expenses and other adjustments 3.3 2.4 13.5 4.2 Gain on sale — — (3.7 ) — Income from discontinued operations before income taxes as adjusted 4.1 2.2 3.6 7.6 Income tax expense 1.5 0.8 1.3 2.8 Income from discontinued operations as adjusted 2.6 1.4 2.3 4.8 Consolidated Net income as adjusted $ 4.9 $ 8.5 $ 16.6 $ 24.9 Adjusted earnings per diluted share from continuing operations $ 0.07 $ 0.21 $ 0.43 $ 0.59 Adjusted earnings per diluted share from discontinued operations 0.08 0.04 0.07 0.14 Adjusted earnings per diluted share $ 0.15 $ 0.25 $ 0.50 $ 0.73 Note: Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014. Also numbers may be rounded for presentation purposes. Note on Reconciliation of Income and Earnings Data: Income (loss) excluding the items mentioned above in the text of this release and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, 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 (loss) 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 (loss) excluding these items as well as other financial measures in connection with its decision-making activities. Income (loss) excluding these items should not be considered in isolation or as a substitute for net income (loss), income (loss) before taxes or other consolidated income data prepared in accordance with GAAP. The Company's method for calculating income (loss) excluding these items may not be comparable to methods used by other companies.
Market Indicators 
Material Handling 
Sources: U.S. Census Business and Industry - August 2014 MHI MHEM Forecast – July 2014 
12 
Sources: RVIA Forecasts, August 2014; FRB G17 Release, July 2014
Market Indicators 
Distribution 
13 
Source: JP Morgan, RMA, Energy Information Administration, August 2014
Q3 2014 earnings conference call presentation

More Related Content

What's hot

Q1 15 reconciliation of financial information
Q1 15 reconciliation of financial informationQ1 15 reconciliation of financial information
Q1 15 reconciliation of financial information
ThermoFisherScientific
 
Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentation
maxim2015ir
 
Quintiles Fourth Quarter 2014 Earnings Call
Quintiles Fourth Quarter 2014 Earnings CallQuintiles Fourth Quarter 2014 Earnings Call
Quintiles Fourth Quarter 2014 Earnings Call
Quintiles2014
 
Fy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentationFy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentation
maxim2015ir
 
Quintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings CallQuintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings Call
Quintiles2014
 
Q3 2014 earnings presentation
Q3 2014 earnings presentationQ3 2014 earnings presentation
Q3 2014 earnings presentation
Masco_Investors
 
Mye presentation september 2015
Mye presentation september 2015Mye presentation september 2015
Mye presentation september 2015
Myers_Investors
 
Inv pres q32014_final
Inv pres q32014_finalInv pres q32014_final
Inv pres q32014_final
CNOServices
 
AVY_Q308_FinancialReviewAnalysis
AVY_Q308_FinancialReviewAnalysisAVY_Q308_FinancialReviewAnalysis
AVY_Q308_FinancialReviewAnalysis
finance45
 
Water Play Project
Water Play ProjectWater Play Project
Water Play Project
Brent Caron
 
1Q_2007_NR
1Q_2007_NR1Q_2007_NR
1Q_2007_NR
finance45
 
Q3 14 reconciliation of financial information
Q3 14 reconciliation of financial informationQ3 14 reconciliation of financial information
Q3 14 reconciliation of financial information
ThermoFisherScientific
 
Q2 2018 investor presentation slides
Q2 2018 investor presentation slidesQ2 2018 investor presentation slides
Q2 2018 investor presentation slides
anixterir
 
Historical financial information (2018 07-29) to rrd
Historical financial information (2018 07-29) to rrdHistorical financial information (2018 07-29) to rrd
Historical financial information (2018 07-29) to rrd
integerir
 
TE Connectivity Q3 2014 Earnings Presentation
TE Connectivity Q3 2014 Earnings PresentationTE Connectivity Q3 2014 Earnings Presentation
TE Connectivity Q3 2014 Earnings Presentation
TEConnectivityltd
 
Mrkt q3 14 results presentation
Mrkt q3 14 results presentationMrkt q3 14 results presentation
Mrkt q3 14 results presentation
InvestorMarkit
 
UGI Q3 Earnings
UGI Q3 EarningsUGI Q3 Earnings
UGI Q3 Earnings
UGI_Corporation
 
May 2017 investor presentation
May 2017 investor presentationMay 2017 investor presentation
May 2017 investor presentation
anixterir
 
2017 q2 investor relations slides
2017 q2 investor relations slides2017 q2 investor relations slides
2017 q2 investor relations slides
anixterir
 
Tel q2 2014_pres
Tel q2 2014_presTel q2 2014_pres
Tel q2 2014_pres
TEConnectivityltd
 

What's hot (20)

Q1 15 reconciliation of financial information
Q1 15 reconciliation of financial informationQ1 15 reconciliation of financial information
Q1 15 reconciliation of financial information
 
Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentation
 
Quintiles Fourth Quarter 2014 Earnings Call
Quintiles Fourth Quarter 2014 Earnings CallQuintiles Fourth Quarter 2014 Earnings Call
Quintiles Fourth Quarter 2014 Earnings Call
 
Fy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentationFy16 q4 supplemental web presentation
Fy16 q4 supplemental web presentation
 
Quintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings CallQuintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings Call
 
Q3 2014 earnings presentation
Q3 2014 earnings presentationQ3 2014 earnings presentation
Q3 2014 earnings presentation
 
Mye presentation september 2015
Mye presentation september 2015Mye presentation september 2015
Mye presentation september 2015
 
Inv pres q32014_final
Inv pres q32014_finalInv pres q32014_final
Inv pres q32014_final
 
AVY_Q308_FinancialReviewAnalysis
AVY_Q308_FinancialReviewAnalysisAVY_Q308_FinancialReviewAnalysis
AVY_Q308_FinancialReviewAnalysis
 
Water Play Project
Water Play ProjectWater Play Project
Water Play Project
 
1Q_2007_NR
1Q_2007_NR1Q_2007_NR
1Q_2007_NR
 
Q3 14 reconciliation of financial information
Q3 14 reconciliation of financial informationQ3 14 reconciliation of financial information
Q3 14 reconciliation of financial information
 
Q2 2018 investor presentation slides
Q2 2018 investor presentation slidesQ2 2018 investor presentation slides
Q2 2018 investor presentation slides
 
Historical financial information (2018 07-29) to rrd
Historical financial information (2018 07-29) to rrdHistorical financial information (2018 07-29) to rrd
Historical financial information (2018 07-29) to rrd
 
TE Connectivity Q3 2014 Earnings Presentation
TE Connectivity Q3 2014 Earnings PresentationTE Connectivity Q3 2014 Earnings Presentation
TE Connectivity Q3 2014 Earnings Presentation
 
Mrkt q3 14 results presentation
Mrkt q3 14 results presentationMrkt q3 14 results presentation
Mrkt q3 14 results presentation
 
UGI Q3 Earnings
UGI Q3 EarningsUGI Q3 Earnings
UGI Q3 Earnings
 
May 2017 investor presentation
May 2017 investor presentationMay 2017 investor presentation
May 2017 investor presentation
 
2017 q2 investor relations slides
2017 q2 investor relations slides2017 q2 investor relations slides
2017 q2 investor relations slides
 
Tel q2 2014_pres
Tel q2 2014_presTel q2 2014_pres
Tel q2 2014_pres
 

Viewers also liked

SANTA TECLA F.C.
SANTA TECLA F.C.SANTA TECLA F.C.
SANTA TECLA F.C.
IFSul - Campus Bagé
 
Emili Vandercandelaer, FAO GI workshop
Emili Vandercandelaer, FAO GI workshopEmili Vandercandelaer, FAO GI workshop
Emili Vandercandelaer, FAO GI workshopHeifer-Ukraine
 
Rsnyde21 advescad pwrpoint
Rsnyde21 advescad pwrpointRsnyde21 advescad pwrpoint
Rsnyde21 advescad pwrpoint
beccasny
 
Perhe, lapsi ja luonto
Perhe, lapsi ja luontoPerhe, lapsi ja luonto
Perhe, lapsi ja luonto
Panu Pihkala
 

Viewers also liked (6)

SANTA TECLA F.C.
SANTA TECLA F.C.SANTA TECLA F.C.
SANTA TECLA F.C.
 
Images
ImagesImages
Images
 
Emili Vandercandelaer, FAO GI workshop
Emili Vandercandelaer, FAO GI workshopEmili Vandercandelaer, FAO GI workshop
Emili Vandercandelaer, FAO GI workshop
 
Tafseere namoonavol3
Tafseere namoonavol3Tafseere namoonavol3
Tafseere namoonavol3
 
Rsnyde21 advescad pwrpoint
Rsnyde21 advescad pwrpointRsnyde21 advescad pwrpoint
Rsnyde21 advescad pwrpoint
 
Perhe, lapsi ja luonto
Perhe, lapsi ja luontoPerhe, lapsi ja luonto
Perhe, lapsi ja luonto
 

Similar to Q3 2014 earnings conference call presentation

Q2 2014 earnings conference call presentation final
Q2 2014 earnings conference call presentation finalQ2 2014 earnings conference call presentation final
Q2 2014 earnings conference call presentation final
Myers_Investors
 
Q4 2014-earnings-conference-call-presentation-no-links v001-b06siw
Q4 2014-earnings-conference-call-presentation-no-links v001-b06siwQ4 2014-earnings-conference-call-presentation-no-links v001-b06siw
Q4 2014-earnings-conference-call-presentation-no-links v001-b06siw
Adam Martin
 
Q4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_finalQ4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_final
Myers_Investors
 
Q2 2014 Earnings Presentation
Q2 2014 Earnings PresentationQ2 2014 Earnings Presentation
Q2 2014 Earnings Presentation
Masco_Investors
 
Quintiles First Quarter 2015 Earnings Call
Quintiles First Quarter 2015 Earnings CallQuintiles First Quarter 2015 Earnings Call
Quintiles First Quarter 2015 Earnings Call
Quintiles2014
 
Masonite q1 2014 earnings call presentation
Masonite q1 2014 earnings call presentationMasonite q1 2014 earnings call presentation
Masonite q1 2014 earnings call presentation
masoniteinvestors
 
Quintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings CallQuintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings Call
Quintiles2014
 
2 q15 earnings presentation final
2 q15 earnings presentation final2 q15 earnings presentation final
2 q15 earnings presentation final
masoniteinvestors
 
Q3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation FinalQ3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation Final
Myers_Investors
 
Q1 2014 earnings presentation
Q1 2014 earnings presentationQ1 2014 earnings presentation
Q1 2014 earnings presentation
Masco_Investors
 
4 q15 earnings presentation final
4 q15 earnings presentation final4 q15 earnings presentation final
4 q15 earnings presentation final
masoniteinvestors
 
Q3 2015 Earnings Presentation Final
Q3 2015 Earnings Presentation FinalQ3 2015 Earnings Presentation Final
Q3 2015 Earnings Presentation Final
Quintiles2014
 
Masco - Q4 2014 Presentation
Masco - Q4 2014 PresentationMasco - Q4 2014 Presentation
Masco - Q4 2014 Presentation
Masco_Investors
 
Q3 2014 Earnings Release Supplement
Q3 2014 Earnings Release SupplementQ3 2014 Earnings Release Supplement
Q3 2014 Earnings Release Supplement
Barnes_Group
 
3 q14 earnings presentation final
3 q14 earnings presentation final3 q14 earnings presentation final
3 q14 earnings presentation final
Quintiles2014
 
Anixter March 2017 Investor Presentation
Anixter March 2017 Investor PresentationAnixter March 2017 Investor Presentation
Anixter March 2017 Investor Presentation
anixterir
 
Q1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_finalQ1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_final
Myers_Investors
 
Apfh 4 q 2016 earnings call 031092017_final
Apfh 4 q 2016 earnings call 031092017_finalApfh 4 q 2016 earnings call 031092017_final
Apfh 4 q 2016 earnings call 031092017_final
advancepierre2017ir
 
Quintiles Second Quarter 2014 Earnings Presentation
Quintiles Second Quarter 2014 Earnings PresentationQuintiles Second Quarter 2014 Earnings Presentation
Quintiles Second Quarter 2014 Earnings Presentation
Quintiles2014
 
Quintiles Second Quarter 2014 Earnings Call
Quintiles Second Quarter 2014 Earnings CallQuintiles Second Quarter 2014 Earnings Call
Quintiles Second Quarter 2014 Earnings Call
Quintiles2014
 

Similar to Q3 2014 earnings conference call presentation (20)

Q2 2014 earnings conference call presentation final
Q2 2014 earnings conference call presentation finalQ2 2014 earnings conference call presentation final
Q2 2014 earnings conference call presentation final
 
Q4 2014-earnings-conference-call-presentation-no-links v001-b06siw
Q4 2014-earnings-conference-call-presentation-no-links v001-b06siwQ4 2014-earnings-conference-call-presentation-no-links v001-b06siw
Q4 2014-earnings-conference-call-presentation-no-links v001-b06siw
 
Q4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_finalQ4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_final
 
Q2 2014 Earnings Presentation
Q2 2014 Earnings PresentationQ2 2014 Earnings Presentation
Q2 2014 Earnings Presentation
 
Quintiles First Quarter 2015 Earnings Call
Quintiles First Quarter 2015 Earnings CallQuintiles First Quarter 2015 Earnings Call
Quintiles First Quarter 2015 Earnings Call
 
Masonite q1 2014 earnings call presentation
Masonite q1 2014 earnings call presentationMasonite q1 2014 earnings call presentation
Masonite q1 2014 earnings call presentation
 
Quintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings CallQuintiles’ Second Quarter 2015 Earnings Call
Quintiles’ Second Quarter 2015 Earnings Call
 
2 q15 earnings presentation final
2 q15 earnings presentation final2 q15 earnings presentation final
2 q15 earnings presentation final
 
Q3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation FinalQ3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation Final
 
Q1 2014 earnings presentation
Q1 2014 earnings presentationQ1 2014 earnings presentation
Q1 2014 earnings presentation
 
4 q15 earnings presentation final
4 q15 earnings presentation final4 q15 earnings presentation final
4 q15 earnings presentation final
 
Q3 2015 Earnings Presentation Final
Q3 2015 Earnings Presentation FinalQ3 2015 Earnings Presentation Final
Q3 2015 Earnings Presentation Final
 
Masco - Q4 2014 Presentation
Masco - Q4 2014 PresentationMasco - Q4 2014 Presentation
Masco - Q4 2014 Presentation
 
Q3 2014 Earnings Release Supplement
Q3 2014 Earnings Release SupplementQ3 2014 Earnings Release Supplement
Q3 2014 Earnings Release Supplement
 
3 q14 earnings presentation final
3 q14 earnings presentation final3 q14 earnings presentation final
3 q14 earnings presentation final
 
Anixter March 2017 Investor Presentation
Anixter March 2017 Investor PresentationAnixter March 2017 Investor Presentation
Anixter March 2017 Investor Presentation
 
Q1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_finalQ1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_final
 
Apfh 4 q 2016 earnings call 031092017_final
Apfh 4 q 2016 earnings call 031092017_finalApfh 4 q 2016 earnings call 031092017_final
Apfh 4 q 2016 earnings call 031092017_final
 
Quintiles Second Quarter 2014 Earnings Presentation
Quintiles Second Quarter 2014 Earnings PresentationQuintiles Second Quarter 2014 Earnings Presentation
Quintiles Second Quarter 2014 Earnings Presentation
 
Quintiles Second Quarter 2014 Earnings Call
Quintiles Second Quarter 2014 Earnings CallQuintiles Second Quarter 2014 Earnings Call
Quintiles Second Quarter 2014 Earnings Call
 

More from Myers_Investors

Q4 fy 2016 earnings presentation final
Q4 fy 2016 earnings presentation finalQ4 fy 2016 earnings presentation final
Q4 fy 2016 earnings presentation final
Myers_Investors
 
Mye governance roadshow presentation final
Mye governance roadshow presentation finalMye governance roadshow presentation final
Mye governance roadshow presentation final
Myers_Investors
 
Mye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation finalMye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation final
Myers_Investors
 
Mye presentation november 2015
Mye presentation november 2015Mye presentation november 2015
Mye presentation november 2015
Myers_Investors
 
Mye presentation august 2015
Mye presentation august 2015Mye presentation august 2015
Mye presentation august 2015
Myers_Investors
 
Mye presentation may 2015
Mye presentation may 2015Mye presentation may 2015
Mye presentation may 2015
Myers_Investors
 
Myers presentation may 2015 high_res
Myers presentation may 2015 high_resMyers presentation may 2015 high_res
Myers presentation may 2015 high_res
Myers_Investors
 
Myers Investor Presentation April 2015
Myers Investor Presentation April 2015Myers Investor Presentation April 2015
Myers Investor Presentation April 2015
Myers_Investors
 
Investor presentation november 2014
Investor presentation november 2014Investor presentation november 2014
Investor presentation november 2014
Myers_Investors
 
CL King 2014 Best Ideas Conference.pptx
CL  King 2014 Best Ideas Conference.pptxCL  King 2014 Best Ideas Conference.pptx
CL King 2014 Best Ideas Conference.pptx
Myers_Investors
 
Scepter Acquisition Conference Call
Scepter Acquisition Conference CallScepter Acquisition Conference Call
Scepter Acquisition Conference Call
Myers_Investors
 
Myers scepter-acquisition-2014
Myers scepter-acquisition-2014Myers scepter-acquisition-2014
Myers scepter-acquisition-2014
Myers_Investors
 

More from Myers_Investors (12)

Q4 fy 2016 earnings presentation final
Q4 fy 2016 earnings presentation finalQ4 fy 2016 earnings presentation final
Q4 fy 2016 earnings presentation final
 
Mye governance roadshow presentation final
Mye governance roadshow presentation finalMye governance roadshow presentation final
Mye governance roadshow presentation final
 
Mye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation finalMye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation final
 
Mye presentation november 2015
Mye presentation november 2015Mye presentation november 2015
Mye presentation november 2015
 
Mye presentation august 2015
Mye presentation august 2015Mye presentation august 2015
Mye presentation august 2015
 
Mye presentation may 2015
Mye presentation may 2015Mye presentation may 2015
Mye presentation may 2015
 
Myers presentation may 2015 high_res
Myers presentation may 2015 high_resMyers presentation may 2015 high_res
Myers presentation may 2015 high_res
 
Myers Investor Presentation April 2015
Myers Investor Presentation April 2015Myers Investor Presentation April 2015
Myers Investor Presentation April 2015
 
Investor presentation november 2014
Investor presentation november 2014Investor presentation november 2014
Investor presentation november 2014
 
CL King 2014 Best Ideas Conference.pptx
CL  King 2014 Best Ideas Conference.pptxCL  King 2014 Best Ideas Conference.pptx
CL King 2014 Best Ideas Conference.pptx
 
Scepter Acquisition Conference Call
Scepter Acquisition Conference CallScepter Acquisition Conference Call
Scepter Acquisition Conference Call
 
Myers scepter-acquisition-2014
Myers scepter-acquisition-2014Myers scepter-acquisition-2014
Myers scepter-acquisition-2014
 

Recently uploaded

Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
AnnySerafinaLove
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
How MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdfHow MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdf
MJ Global
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Avirahi City Dholera
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
Adnet Communications
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
aragme
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for BuildingsStructural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
Chandresh Chudasama
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
jeffkluth1
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
CLIVE MINCHIN
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
my Pandit
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Kirill Klimov
 

Recently uploaded (20)

Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
How MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdfHow MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdf
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for BuildingsStructural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
 

Q3 2014 earnings conference call presentation

  • 1. Earnings Presentation Third Quarter 2014 October 29, 2014
  • 2. 2 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. Safe Harbor Statement
  • 3. Third Quarter US Agricultural Conditions 3 • Extremely low U.S. crop prices caused agricultural companies to decrease purchases of our storage products during the third quarter
  • 4. Third Quarter Brazilian Market Conditions 4 *Source: www.indexmundi.com Brazilian Corn Prices* • Declines in agricultural, automotive and industrial production in Brazil contributed to lower sales volumes and margins in the third quarter Brazilian Soy Bean Prices*
  • 5. Third Quarter 2014 Financial Summary 5 • Sales increase of 25% in the Material Handling Segment due to Scepter acquisition partially offset by a sales decrease of 3.4% in the Distribution Segment due to the closure of the segment’s Canadian branches and lower custom sales • Gross profit margin decrease due mostly to lower sales volume, a change in product mix and a $2.3 million inventory purchase accounting adjustment • SG&A increase result of $2.9 million of transaction costs related to the Scepter acquisition, $6.4 million incremental SG&A expenses due to Scepter acquisition and a reserve of $3.0 million related to an award of attorney fees in connection with a patent infringement lawsuit • Adjusted EPS of $0.07 vs. $0.21 in the third quarter of 2013 Note: All figures except ratios and percents are $Millions Continuing OperationsQ3Q3Highlights20142013B/(W) Net sales$162.1$141.414.6% Gross profit margin24.7%30.1% SG&A$42.6$30.340.9% Net Income - adjusted¹$2.3$7.1(67.2%) Effective tax rate31.9%38.5% EPS - adjusted¹$0.07$0.21(66.7%) ¹See Reconciliation of Non-GAAP measures on slide 11
  • 6. Third Quarter 2014 Financial Summary 6 Notes: All figures except ratios and percents are $Millions Free cash flow = cash flow from operations – capital expenditures Continuing OperationsNine Months EndedNine Months EndedCashSeptember 30,September 30, Highlights20142013Cash (used for) provided by operations($2.8)$29.3Capital expenditures$10.9$13.5Free cash flow($13.7)$15.8Dividends$11.6$6.0Balance SheetSeptember 30,December 31, Highlights20142013Long-term debt$276.9$44.3Debt - net of cash$268.5$37.8Net debt to total capital60.4%13.8%
  • 7. • Sales increase year-over-year generated by acquisition of Scepter which closed on July 2, 2014 •Decrease in adjusted income before taxes due to change in product and customer mix and higher freight and distribution costs compared to last year Third Quarter Results – Material Handling 7 $ Millions See Reconciliation of Non-GAAP measures on slide 11 $89.9 $112.3 $0$20$40$60$80$100$120Q3 2013Q3 2014Net Sales$12.1 $8.3 $0$5$10$15Q3 2013Q3 2014IBT -Adjusted
  • 8. • Net sales declined compared to last year as a result of the closure of the Canadian branches in the first quarter of 2014 and lower custom sales • Adjusted income before taxes decreased as a result of a change in product mix year- over-year and higher logistics costs Third Quarter Results – Distribution 8 $ Millions See Reconciliation of Non-GAAP measures on slide 11 $51.7 $49.9 $35$40$45$50$55Q3 2013Q3 2014Net Sales$6.3 $4.3 $0$1$2$3$4$5$6$7Q3 2013Q3 2014IBT -Adjusted
  • 9. Outlook • Anticipate soft market conditions may continue to negatively impact us throughout the fourth quarter resulting in a decrease in adjusted earnings from continuing operations for both the second half and full year of 2014 compared to the same periods in 2013 • Remain optimistic about 2015 and longer-term growth opportunities as we continue the transformation of Myers Industries from four disparate operating segments to two focused, higher margin, higher return segments – Material Handling and Distribution 9
  • 11. Reconciliation of Non-GAAP Measures 11 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions, except per share data) Quarter Ended September 30, Nine Months Ended September 30, 2014 2013 2014 2013 Material Handling (Loss) income before income taxes as reported $ (0.4 ) $ 12.1 $ 23.9 $ 36.9 Patent infringement lawsuit 3.0 — 3.0 — Transaction costs - Scepter 2.9 — 2.9 — Inventory step-up - Scepter acquisition 2.3 — 2.3 — Restructuring expenses and other adjustments 0.5 — 1.1 0.2 Income before income taxes as adjusted 8.3 12.1 33.2 37.1 Distribution Income before income taxes as reported 4.1 6.3 12.7 17.6 Restructuring expenses and other adjustments 0.2 — 1.0 0.1 Income before income taxes as adjusted 4.3 6.3 13.7 17.7 Corporate and interest expense Loss before income taxes as reported (9.0) (7.2 ) (25.0 ) (22.9 ) Transaction costs 0.1 — 0.7 — Loss before income taxes as adjusted (8.9) (7.2 ) (24.3 ) (22.9 ) Continuing operations (Loss) income from continuing operations before income taxes as reported (5.3) 11.2 11.6 31.6 Restructuring expenses and other adjustments 6.0 — 7.4 0.3 Transaction costs 3.0 — 3.6 — Income from continuing operations before income taxes as adjusted 3.7 11.2 22.6 31.9 Income tax expense 1.4 4.1 8.4 11.8 Income from continuing operations as adjusted 2.3 7.1 14.3 20.1 Discontinued operations Income (loss) from discontinued operations before income taxes 0.8 (0.2 ) (6.2 ) 3.4 Restructuring expenses and other adjustments 3.3 2.4 13.5 4.2 Gain on sale — — (3.7 ) — Income from discontinued operations before income taxes as adjusted 4.1 2.2 3.6 7.6 Income tax expense 1.5 0.8 1.3 2.8 Income from discontinued operations as adjusted 2.6 1.4 2.3 4.8 Consolidated Net income as adjusted $ 4.9 $ 8.5 $ 16.6 $ 24.9 Adjusted earnings per diluted share from continuing operations $ 0.07 $ 0.21 $ 0.43 $ 0.59 Adjusted earnings per diluted share from discontinued operations 0.08 0.04 0.07 0.14 Adjusted earnings per diluted share $ 0.15 $ 0.25 $ 0.50 $ 0.73 Note: Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014. Also numbers may be rounded for presentation purposes. Note on Reconciliation of Income and Earnings Data: Income (loss) excluding the items mentioned above in the text of this release and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, 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 (loss) 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 (loss) excluding these items as well as other financial measures in connection with its decision-making activities. Income (loss) excluding these items should not be considered in isolation or as a substitute for net income (loss), income (loss) before taxes or other consolidated income data prepared in accordance with GAAP. The Company's method for calculating income (loss) excluding these items may not be comparable to methods used by other companies.
  • 12. Market Indicators Material Handling Sources: U.S. Census Business and Industry - August 2014 MHI MHEM Forecast – July 2014 12 Sources: RVIA Forecasts, August 2014; FRB G17 Release, July 2014
  • 13. Market Indicators Distribution 13 Source: JP Morgan, RMA, Energy Information Administration, August 2014