The document provides an earnings presentation for Myers Industries for the fourth quarter and full year 2016. It discusses key financial results including a 7.2% decline in net sales and lower operating income. The presentation outlines challenges in 2016 from weak capital spending and lower agriculture sales, and strategic initiatives for 2017 focusing on niche market growth, flexible operations, and strong cash flow. Long term financial targets through 2020 are provided targeting increased operating margins, free cash flow, and leverage ratio reduction.
Q3 2016 Myers Industries Inc. Earnings Presentation FinalMyers_Investors
Myers Industries, Inc. held a third quarter earnings presentation on November 8, 2016 to discuss financial results and outlook. Key points included:
- Third quarter sales were in line with expectations but down 6% year-over-year due to continued weakness in capital spending.
- Gross margin declined 230 basis points due to lower volume, unfavorable product mix and operational inefficiencies.
- SG&A expenses declined due to lower non-recurring compensation and cost containment actions.
- Adjusted EPS from continuing operations was $0.04, down from $0.09 in the prior year third quarter.
- For 2016, the company expects revenue to be down mid-to-high single digits
- Myers Industries reported earnings for the first quarter of 2017, with net sales declining 6.3% year-over-year to $141.7 million due to weakness in key end markets like agriculture.
- Adjusted operating income was $8.1 million, down from $11.7 million in the prior year, as lower sales volumes and higher raw material costs reduced gross profit. However, SG&A expenses declined due to lower compensation costs.
- The Material Handling segment saw a 5.4% sales decline due to weak agricultural demand, while the Distribution segment's 8.6% sales drop was driven by a soft demand environment. Both experienced lower adjusted operating income due to volume declines partially offset by
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.
20180509 sauc q1 2018 teleconference slides finaldrhincorporated
- Sales were $39.5 million in Q1 2018, down 10.8% from Q1 2017 due to reduced traffic from changes in promotional strategies and calendar shifts.
- Adjusted EBITDA was $5.1 million, or 12.9% of sales, in Q1 2018. Restaurant-level EBITDA was $6.9 million, or 17.4% of sales.
- Favorable commodity costs and reduced G&A expenses helped offset the impact of lower sales on profitability. The company generated $3.2 million in free cash flow for the quarter.
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 provides an analysis of Avery Dennison's fourth quarter and full year 2007 financial results. Some key points:
- Sales were up 1% organically for the full year, reflecting soft market conditions, especially in the second half. Reported sales were up 13% due to the Paxar acquisition and currency effects.
- Operating margin increased 20 basis points in Q4 compared to prior year due to cost savings offsetting raw material inflation. However, margins were compressed by 40 basis points from the addition of the lower-margin Paxar business.
- Reported EPS was $0.81 including restructuring charges and Paxar integration costs. Adjusted EPS was $1.
- Myers Industries reported lower earnings for Q2 2017 compared to the previous year, due to restructuring costs and operational inefficiencies. Net sales were relatively flat with a 1.3% decline.
- The Material Handling segment saw a 2.1% increase in net sales driven by growth in niche markets, though profit declined due to higher costs. The Distribution segment had a 9.2% drop in sales from challenging market conditions.
- For the full year, Myers expects flat sales and adjusted earnings growth in the mid-single digits, focusing on niche market opportunities and debt reduction through strong cash flows. Operational realignment is on track to generate savings in the second half.
Masco reported strong third quarter 2013 results, with 12% revenue growth and a 260 basis point increase in adjusted operating margin compared to the prior year quarter. Sales growth was driven by new product introductions and improving new home construction and repair/remodel activity in North America. Continued cost containment efforts contributed to a 140 basis point improvement in SG&A as a percentage of sales. The company also retired $200 million in debt during the quarter and strengthened its balance sheet. Looking ahead, Masco expects opportunities for further growth from economic recovery, new product launches, and share gains, but risks remain from economic uncertainty and commodity volatility.
Q3 2016 Myers Industries Inc. Earnings Presentation FinalMyers_Investors
Myers Industries, Inc. held a third quarter earnings presentation on November 8, 2016 to discuss financial results and outlook. Key points included:
- Third quarter sales were in line with expectations but down 6% year-over-year due to continued weakness in capital spending.
- Gross margin declined 230 basis points due to lower volume, unfavorable product mix and operational inefficiencies.
- SG&A expenses declined due to lower non-recurring compensation and cost containment actions.
- Adjusted EPS from continuing operations was $0.04, down from $0.09 in the prior year third quarter.
- For 2016, the company expects revenue to be down mid-to-high single digits
- Myers Industries reported earnings for the first quarter of 2017, with net sales declining 6.3% year-over-year to $141.7 million due to weakness in key end markets like agriculture.
- Adjusted operating income was $8.1 million, down from $11.7 million in the prior year, as lower sales volumes and higher raw material costs reduced gross profit. However, SG&A expenses declined due to lower compensation costs.
- The Material Handling segment saw a 5.4% sales decline due to weak agricultural demand, while the Distribution segment's 8.6% sales drop was driven by a soft demand environment. Both experienced lower adjusted operating income due to volume declines partially offset by
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.
20180509 sauc q1 2018 teleconference slides finaldrhincorporated
- Sales were $39.5 million in Q1 2018, down 10.8% from Q1 2017 due to reduced traffic from changes in promotional strategies and calendar shifts.
- Adjusted EBITDA was $5.1 million, or 12.9% of sales, in Q1 2018. Restaurant-level EBITDA was $6.9 million, or 17.4% of sales.
- Favorable commodity costs and reduced G&A expenses helped offset the impact of lower sales on profitability. The company generated $3.2 million in free cash flow for the quarter.
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 provides an analysis of Avery Dennison's fourth quarter and full year 2007 financial results. Some key points:
- Sales were up 1% organically for the full year, reflecting soft market conditions, especially in the second half. Reported sales were up 13% due to the Paxar acquisition and currency effects.
- Operating margin increased 20 basis points in Q4 compared to prior year due to cost savings offsetting raw material inflation. However, margins were compressed by 40 basis points from the addition of the lower-margin Paxar business.
- Reported EPS was $0.81 including restructuring charges and Paxar integration costs. Adjusted EPS was $1.
- Myers Industries reported lower earnings for Q2 2017 compared to the previous year, due to restructuring costs and operational inefficiencies. Net sales were relatively flat with a 1.3% decline.
- The Material Handling segment saw a 2.1% increase in net sales driven by growth in niche markets, though profit declined due to higher costs. The Distribution segment had a 9.2% drop in sales from challenging market conditions.
- For the full year, Myers expects flat sales and adjusted earnings growth in the mid-single digits, focusing on niche market opportunities and debt reduction through strong cash flows. Operational realignment is on track to generate savings in the second half.
Masco reported strong third quarter 2013 results, with 12% revenue growth and a 260 basis point increase in adjusted operating margin compared to the prior year quarter. Sales growth was driven by new product introductions and improving new home construction and repair/remodel activity in North America. Continued cost containment efforts contributed to a 140 basis point improvement in SG&A as a percentage of sales. The company also retired $200 million in debt during the quarter and strengthened its balance sheet. Looking ahead, Masco expects opportunities for further growth from economic recovery, new product launches, and share gains, but risks remain from economic uncertainty and commodity volatility.
- The document provides an overview of the company's financial results for the third quarter of 2008, including sales, margins, cash flow, and earnings guidance.
- Key highlights include organic sales declining 2.4% due to economic slowdown, operating margin decreasing 240 bps to 6.6% from raw material inflation and reduced leverage, and free cash flow guidance of $375 million.
- Actions are being taken to address challenges, including additional price increases, productivity initiatives, and protecting investments in growth areas.
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.
Wrk may 2017 investor presentation v finalir_westrock
WestRock provided an investor presentation in May 2017 that included forward-looking statements and non-GAAP financial measures. The presentation discussed WestRock's comprehensive portfolio in paper and packaging, its track record of execution, and disciplined capital allocation. It noted the company expects to achieve $800 million in synergy and performance improvements by the end of fiscal year 2017 and $1 billion by the end of the third quarter of fiscal year 2018. The presentation also stated that WestRock reaffirmed its adjusted free cash flow guidance of $1.2 billion for fiscal year 2017.
20180620 sauc oppenheimer consumer conference widescreen finaldrhincorporated
This document provides an overview of Diversified Restaurant Holdings, Inc. (DRH) for investors attending the Oppenheimer 18th Annual Consumer Conference. It summarizes that DRH is a leading franchisee of Buffalo Wild Wings with 65 locations, and has a current market capitalization of $34 million. The document outlines DRH's business model, growth opportunities through increasing sales and profitability, and potential for shareholder returns through debt reduction, multiple expansion, and EBITDA growth.
- The document provides an overview of the company's financial results for the second quarter of 2008, including sales growth, operating margin declines, and segment performance.
- Key factors negatively impacting margins included raw material inflation, pricing reductions from the prior year, and unfavorable product mix. Actions are underway to address costs and position the company for economic recovery.
- Guidance for adjusted earnings per share was revised downward to $3.75 to $3.95 due to increased raw material costs and weaker demand.
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.
Anixter 4Q 2016 Highlights and Operating Resultsanixterir
- Anixter reported record fourth quarter sales of $1.9 billion, up 3.2% from the prior year, with organic sales growth of 4.0%.
- The Network & Security Solutions segment saw strong growth of 6.0% in sales and 7.0% in organic sales.
- The Electrical & Electronic Solutions segment had modest growth of 0.9% in sales and 1.7% in organic sales.
- Utility Power Solutions sales declined 1.2% due to weakness in oil and gas markets and timing of projects.
- Masco reported strong first quarter 2017 results, with top line growth driven by its North American Plumbing segment. The company achieved 22 consecutive quarters of sales and operating profit growth.
- Operating leverage led to expanded margins and earnings per share exceeded expectations. The company updated its EPS target range provided in 2015.
- Plumbing Products sales increased 8% excluding foreign exchange impacts, fueled by record sales and profits at Delta. Decorative Architectural Products saw builders' hardware growth despite difficult comparisons.
This document provides an overview of CNO Financial Group's financial and operating results for the first quarter of 2018 compared to the first quarter of 2017. Some key highlights include:
- Net operating income per share increased 29% to $0.44. Excluding significant items, net operating EPS increased 6% to $0.43.
- Book value per share, excluding AOCI, increased 2% sequentially to $21.94.
- Health margins were in line with expectations, with the supplemental health benefit ratio at 54.4% and the long-term care benefit ratio at 72.6%.
- Total collected premiums decreased 1.3% while annuity account values increased 3.8%.
-
The document summarizes Barnes Group Inc.'s first quarter 2018 earnings release supplement. Key points include:
- Sales increased 7% to $367 million, with 1% organic growth. Operating income was approximately flat at $56.6 million.
- Backlog increased 13% to a record $1.1 billion, with aerospace backlog up 9% to a record $745 million.
- Full year 2018 sales are expected to increase 5-6% with organic growth of 3-4%. Operating margin is forecasted between 15.5-16.5%.
Masco Corporation reported first quarter 2014 results, with sales increasing 5% year-over-year to $1.965 billion. Operating profit grew 12% to $157 million. International sales increased 7% in local currency, helping to offset weather impacts in North America. The company also reiterated its priorities of growing market-leading brands, penetrating international markets, and strengthening its balance sheet.
- The company reported first quarter 2018 earnings with orders up 10% year-over-year and net sales up 26% year-over-year. Adjusted EBITDA improved by over 400 basis points year-over-year.
- Guidance for 2018 was updated with revenue expected between $1.775 billion to $1.850 billion and adjusted EBITDA between $100 million to $120 million.
- Strategic priorities include expanding product innovation, improving manufacturing productivity through optimization projects, and focusing on operational excellence and growth in key markets.
Masco Corporation reported second quarter 2017 earnings. Total sales increased 3% year-over-year to $2.057 billion, while operating profit rose 4% to $357 million. Plumbing sales increased 3% due to growth at Delta, Hansgrohe, and Watkins. Decorative Architectural sales grew 5% from increased pro sales at Behr and builder's hardware expansion. Windows sales increased 4% excluding foreign exchange impacts. Management updated 2017 EPS guidance to $1.93 to $2.00 per share and announced plans to increase the annual dividend.
The document provides an overview of Anixter's second quarter 2016 financial results and operating segments. Key points include:
- Total sales were up 32% to $2 billion, driven by the Power Solutions acquisition. Organic sales declined 0.6% excluding currency impacts.
- Network & Security Solutions sales increased 3.3% to $1 billion, with 11 consecutive quarters of growth. Electrical & Electronic Solutions sales grew 23.5% to $555.1 million due to the low voltage business acquisition.
- Operating income and adjusted EBITDA trends improved from the first quarter across segments, though Latin America saw challenges including bad debt provisions and restructuring charges.
- The presentation discusses sales performance
Mas q4 2016 earnings presentation 02.09.2017 Masco_Investors
- The document is Masco's Q4 and full year 2016 earnings presentation. It summarizes the company's financial results and performance across its business segments for the quarter and full year.
- For Q4 2016, total company sales increased 3% while operating profit was $221 million, up slightly from the prior year. Plumbing Products sales increased 5% and operating profit grew significantly.
- For the full year 2016, total sales increased 3% to $7.36 billion while adjusted operating profit rose 27% to $1.075 billion, driven by growth across all segments.
This document provides a summary of Anixter Inc.'s financial results for the second quarter of 2018. Key points include:
- Total sales were $2.1 billion, up 6.8% from the prior year, with organic sales growth of 4.9%.
- Net income was $34.8 million, compared to $40.1 million in the prior year. Adjusted EBITDA was $107.8 million, up 4.6% from the prior year.
- Sales growth was seen across all business segments and geographic regions. The Network & Security Solutions segment saw the largest sales increase of 6.5% on a GAAP basis and 4.7% organically.
The document provides an overview of Anixter's financial and operating results for 1Q 2017. Key highlights include:
- Record first quarter sales of $1.9 billion, with growth in all three business segments and all three geographic regions. Organic sales increased 5.6% on a per day basis.
- Improved debt-to-capital ratio, returning to target range of 45-50%.
- All three business segments - Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions - experienced sales growth compared to prior year.
- Operating income and adjusted EBITDA increased across most segments and regions, driven by sales growth and expense discipline.
This document provides an overview of Owens Corning for investors. It discusses Owens Corning's three business segments (Insulation, Roofing, Composites), highlights their market positions and financial profiles. It presents Owens Corning's investment thesis, which includes favorable macro drivers, a portfolio improved through actions taken from 2007-2016 that lifted margins and returns, and opportunities for further organic and inorganic growth. Details on specific business units and markets are also summarized.
Masco reported its second quarter 2013 earnings. Sales increased 10% to $2.1 billion driven by growth in North American new home construction and retail performance. Operating margins increased 290 basis points to 9.6% due to operating leverage and cost control efforts. All business segments contributed to top and bottom line growth. Masco reiterated its commitment to expanding market leadership, reducing costs, improving underperforming businesses, and strengthening its balance sheet.
Masco reported its first quarter 2013 results, with continued margin expansion and sales growth driven by increased North American new home construction activity. The Cabinet segment improved profitability and achieved break-even on an adjusted basis. Weakness continued in the Eurozone. Key highlights included margin improvement across several segments from operating leverage and cost control efforts, as well as successful new product launches and market share gains. Masco is focused on strategic growth initiatives, cost productivity, and debt reduction in 2013.
This document provides Embraer's earnings results for the 2nd quarter of 2015. It highlights record backlog and free cash flow. Key metrics like operating income, net income, and earnings per share all increased over the prior year. The outlook for full year 2015 was revised with increases to expected revenues, EBITDA, EBIT, and net income. Aircraft deliveries remained strong with growth in commercial, executive, and defense segments.
This document provides an overview of Glaukos Corporation and its glaucoma treatment technologies:
- Glaukos has demonstrated strong revenue growth and profitability through the successful launch of its iStent device, which transforms glaucoma treatment from eye drops to a micro-invasive surgical procedure.
- The global glaucoma treatment market is large and growing due to an aging population, and current eye drop treatments have significant drawbacks.
- Glaukos is developing an advanced portfolio of micro-scale injectable therapies including the iStent Inject, iStent Supra, and iDose to treat glaucoma at different stages of progression and reduce dependency on eye drops.
- Clinical studies show
- The document provides an overview of the company's financial results for the third quarter of 2008, including sales, margins, cash flow, and earnings guidance.
- Key highlights include organic sales declining 2.4% due to economic slowdown, operating margin decreasing 240 bps to 6.6% from raw material inflation and reduced leverage, and free cash flow guidance of $375 million.
- Actions are being taken to address challenges, including additional price increases, productivity initiatives, and protecting investments in growth areas.
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.
Wrk may 2017 investor presentation v finalir_westrock
WestRock provided an investor presentation in May 2017 that included forward-looking statements and non-GAAP financial measures. The presentation discussed WestRock's comprehensive portfolio in paper and packaging, its track record of execution, and disciplined capital allocation. It noted the company expects to achieve $800 million in synergy and performance improvements by the end of fiscal year 2017 and $1 billion by the end of the third quarter of fiscal year 2018. The presentation also stated that WestRock reaffirmed its adjusted free cash flow guidance of $1.2 billion for fiscal year 2017.
20180620 sauc oppenheimer consumer conference widescreen finaldrhincorporated
This document provides an overview of Diversified Restaurant Holdings, Inc. (DRH) for investors attending the Oppenheimer 18th Annual Consumer Conference. It summarizes that DRH is a leading franchisee of Buffalo Wild Wings with 65 locations, and has a current market capitalization of $34 million. The document outlines DRH's business model, growth opportunities through increasing sales and profitability, and potential for shareholder returns through debt reduction, multiple expansion, and EBITDA growth.
- The document provides an overview of the company's financial results for the second quarter of 2008, including sales growth, operating margin declines, and segment performance.
- Key factors negatively impacting margins included raw material inflation, pricing reductions from the prior year, and unfavorable product mix. Actions are underway to address costs and position the company for economic recovery.
- Guidance for adjusted earnings per share was revised downward to $3.75 to $3.95 due to increased raw material costs and weaker demand.
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.
Anixter 4Q 2016 Highlights and Operating Resultsanixterir
- Anixter reported record fourth quarter sales of $1.9 billion, up 3.2% from the prior year, with organic sales growth of 4.0%.
- The Network & Security Solutions segment saw strong growth of 6.0% in sales and 7.0% in organic sales.
- The Electrical & Electronic Solutions segment had modest growth of 0.9% in sales and 1.7% in organic sales.
- Utility Power Solutions sales declined 1.2% due to weakness in oil and gas markets and timing of projects.
- Masco reported strong first quarter 2017 results, with top line growth driven by its North American Plumbing segment. The company achieved 22 consecutive quarters of sales and operating profit growth.
- Operating leverage led to expanded margins and earnings per share exceeded expectations. The company updated its EPS target range provided in 2015.
- Plumbing Products sales increased 8% excluding foreign exchange impacts, fueled by record sales and profits at Delta. Decorative Architectural Products saw builders' hardware growth despite difficult comparisons.
This document provides an overview of CNO Financial Group's financial and operating results for the first quarter of 2018 compared to the first quarter of 2017. Some key highlights include:
- Net operating income per share increased 29% to $0.44. Excluding significant items, net operating EPS increased 6% to $0.43.
- Book value per share, excluding AOCI, increased 2% sequentially to $21.94.
- Health margins were in line with expectations, with the supplemental health benefit ratio at 54.4% and the long-term care benefit ratio at 72.6%.
- Total collected premiums decreased 1.3% while annuity account values increased 3.8%.
-
The document summarizes Barnes Group Inc.'s first quarter 2018 earnings release supplement. Key points include:
- Sales increased 7% to $367 million, with 1% organic growth. Operating income was approximately flat at $56.6 million.
- Backlog increased 13% to a record $1.1 billion, with aerospace backlog up 9% to a record $745 million.
- Full year 2018 sales are expected to increase 5-6% with organic growth of 3-4%. Operating margin is forecasted between 15.5-16.5%.
Masco Corporation reported first quarter 2014 results, with sales increasing 5% year-over-year to $1.965 billion. Operating profit grew 12% to $157 million. International sales increased 7% in local currency, helping to offset weather impacts in North America. The company also reiterated its priorities of growing market-leading brands, penetrating international markets, and strengthening its balance sheet.
- The company reported first quarter 2018 earnings with orders up 10% year-over-year and net sales up 26% year-over-year. Adjusted EBITDA improved by over 400 basis points year-over-year.
- Guidance for 2018 was updated with revenue expected between $1.775 billion to $1.850 billion and adjusted EBITDA between $100 million to $120 million.
- Strategic priorities include expanding product innovation, improving manufacturing productivity through optimization projects, and focusing on operational excellence and growth in key markets.
Masco Corporation reported second quarter 2017 earnings. Total sales increased 3% year-over-year to $2.057 billion, while operating profit rose 4% to $357 million. Plumbing sales increased 3% due to growth at Delta, Hansgrohe, and Watkins. Decorative Architectural sales grew 5% from increased pro sales at Behr and builder's hardware expansion. Windows sales increased 4% excluding foreign exchange impacts. Management updated 2017 EPS guidance to $1.93 to $2.00 per share and announced plans to increase the annual dividend.
The document provides an overview of Anixter's second quarter 2016 financial results and operating segments. Key points include:
- Total sales were up 32% to $2 billion, driven by the Power Solutions acquisition. Organic sales declined 0.6% excluding currency impacts.
- Network & Security Solutions sales increased 3.3% to $1 billion, with 11 consecutive quarters of growth. Electrical & Electronic Solutions sales grew 23.5% to $555.1 million due to the low voltage business acquisition.
- Operating income and adjusted EBITDA trends improved from the first quarter across segments, though Latin America saw challenges including bad debt provisions and restructuring charges.
- The presentation discusses sales performance
Mas q4 2016 earnings presentation 02.09.2017 Masco_Investors
- The document is Masco's Q4 and full year 2016 earnings presentation. It summarizes the company's financial results and performance across its business segments for the quarter and full year.
- For Q4 2016, total company sales increased 3% while operating profit was $221 million, up slightly from the prior year. Plumbing Products sales increased 5% and operating profit grew significantly.
- For the full year 2016, total sales increased 3% to $7.36 billion while adjusted operating profit rose 27% to $1.075 billion, driven by growth across all segments.
This document provides a summary of Anixter Inc.'s financial results for the second quarter of 2018. Key points include:
- Total sales were $2.1 billion, up 6.8% from the prior year, with organic sales growth of 4.9%.
- Net income was $34.8 million, compared to $40.1 million in the prior year. Adjusted EBITDA was $107.8 million, up 4.6% from the prior year.
- Sales growth was seen across all business segments and geographic regions. The Network & Security Solutions segment saw the largest sales increase of 6.5% on a GAAP basis and 4.7% organically.
The document provides an overview of Anixter's financial and operating results for 1Q 2017. Key highlights include:
- Record first quarter sales of $1.9 billion, with growth in all three business segments and all three geographic regions. Organic sales increased 5.6% on a per day basis.
- Improved debt-to-capital ratio, returning to target range of 45-50%.
- All three business segments - Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions - experienced sales growth compared to prior year.
- Operating income and adjusted EBITDA increased across most segments and regions, driven by sales growth and expense discipline.
This document provides an overview of Owens Corning for investors. It discusses Owens Corning's three business segments (Insulation, Roofing, Composites), highlights their market positions and financial profiles. It presents Owens Corning's investment thesis, which includes favorable macro drivers, a portfolio improved through actions taken from 2007-2016 that lifted margins and returns, and opportunities for further organic and inorganic growth. Details on specific business units and markets are also summarized.
Masco reported its second quarter 2013 earnings. Sales increased 10% to $2.1 billion driven by growth in North American new home construction and retail performance. Operating margins increased 290 basis points to 9.6% due to operating leverage and cost control efforts. All business segments contributed to top and bottom line growth. Masco reiterated its commitment to expanding market leadership, reducing costs, improving underperforming businesses, and strengthening its balance sheet.
Masco reported its first quarter 2013 results, with continued margin expansion and sales growth driven by increased North American new home construction activity. The Cabinet segment improved profitability and achieved break-even on an adjusted basis. Weakness continued in the Eurozone. Key highlights included margin improvement across several segments from operating leverage and cost control efforts, as well as successful new product launches and market share gains. Masco is focused on strategic growth initiatives, cost productivity, and debt reduction in 2013.
This document provides Embraer's earnings results for the 2nd quarter of 2015. It highlights record backlog and free cash flow. Key metrics like operating income, net income, and earnings per share all increased over the prior year. The outlook for full year 2015 was revised with increases to expected revenues, EBITDA, EBIT, and net income. Aircraft deliveries remained strong with growth in commercial, executive, and defense segments.
This document provides an overview of Glaukos Corporation and its glaucoma treatment technologies:
- Glaukos has demonstrated strong revenue growth and profitability through the successful launch of its iStent device, which transforms glaucoma treatment from eye drops to a micro-invasive surgical procedure.
- The global glaucoma treatment market is large and growing due to an aging population, and current eye drop treatments have significant drawbacks.
- Glaukos is developing an advanced portfolio of micro-scale injectable therapies including the iStent Inject, iStent Supra, and iDose to treat glaucoma at different stages of progression and reduce dependency on eye drops.
- Clinical studies show
Ply Gem reported third quarter and nine month 2016 results. For Q3, sales were down slightly but gross profit margin expanded. Adjusted EBITDA increased 7.7% year-over-year, marking the tenth consecutive quarter of improvement. For the nine months, sales increased 2.9% and adjusted EBITDA grew 28.3% due to margin initiatives and cost discipline. The Windows and Doors segment saw lower sales from weather impacts and weakness in Western Canada, while gross margin declined slightly due to higher costs.
Celp investor presentation march 2017 finalCypressEnergy
Cypress Energy Partners provides pipeline inspection and integrity services as well as water and environmental services to midstream energy customers. Over 85% of its customers are investment grade companies. It inspects over 46,000 miles of pipelines annually using in-line inspection tools to identify anomalies, and performs over 12,000 excavations for further inspection or maintenance. Regulations require pipeline operators to inspect lines every 5-7 years, providing a recurring need for Cypress' inspection services over the 40-60 year lifespan of pipelines.
The presentation summarizes Falco Resources' Horne 5 project in Canada, which aims to develop one of the largest undeveloped gold-zinc deposits in the world. Key points include:
- The Horne 5 project could produce an average of 236,000 ounces of gold annually at an all-in sustaining cost of US$427 per ounce and has a 17-year initial mine life.
- A pre-feasibility study estimated the project would require US$680 million in development capital expenditures.
- Falco Resources' land holdings in the Rouyn-Noranda mining camp provide opportunities for additional exploration and resource expansion.
The document summarizes DuPont's first quarter 2016 earnings conference call. Some key points:
- Operating earnings per share were flat at $1.26 compared to the previous year, but were up 8% excluding currency impacts. GAAP earnings per share grew 25%.
- Segment operating earnings declined 5% due to negative currency impacts of -4% and lower volumes of -2%.
- Lower corporate expenses and shares outstanding offset lower segment results and a higher tax rate to keep operating EPS flat.
- Segment results were negatively impacted by $0.10 per share from currency translation.
The document discusses strategy analysis and selection. It covers assessing the suitability, feasibility and acceptability of strategic options based on an organization's strengths, weaknesses, opportunities and threats. Key factors discussed include resources, environment, objectives, required skills, technology, and financial considerations like profitability, risk and capital structure. Methods addressed include product portfolio analysis, competitive advantage analysis, lifecycle analysis, and analysis of market share, consolidation and related development.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
- InfraREIT reported strong 2015 full year results, with cash available for distribution growing 21% over 2014 and adjusted EBITDA growing 11%.
- Lease revenue increased 13% in both Q4 2015 and full year 2015, driving earnings growth.
- InfraREIT has $280.5 million in available liquidity through revolving credit facilities and cash on hand to fund future growth opportunities.
- The company's financing strategy focuses on acquiring regulated transmission and distribution opportunities within its existing footprint to maintain a strong financial profile and grow dividends over the long term.
InfraREIT provided forward-looking statements about its business prospects. It owns $1.1 billion in regulated electric transmission and distribution assets located primarily in Texas. InfraREIT expects to achieve double-digit growth in cash available for distribution through 2018 by expanding its existing footprint and pursuing acquisition opportunities. Hunt Consolidated is a major long-term investor and will offer future development projects to InfraREIT on a right-of-first-offer basis.
InfraREIT provided forward-looking statements about its business prospects. It discussed potential growth opportunities through projects in its current service territories that could facilitate double-digit growth in cash available for distribution. It also mentioned a pipeline of development projects and potential acquisitions. However, it noted that actual results could differ materially from forward-looking statements due to various risks and uncertainties.
This document provides Q3 2016 results and supplemental information for InfraREIT, Inc. It highlights solid Q3 2016 performance with increases in lease revenue, net income, Non-GAAP EPS, CAD, and Adjusted EBITDA. It also discusses InfraREIT's pending rate case and updates on its Hunt Projects, including the Southline and Verde Transmission projects. Financial summaries show increases in key metrics like lease revenue, net income, and Adjusted EBITDA for both Q3 2016 compared to Q3 2015 and year-to-date 2016 compared to the same period in 2015.
InfraREIT provided a corporate update in September 2015. The document discusses InfraREIT's asset portfolio of $1.1 billion in regulated electric transmission and distribution assets located primarily in Texas. It highlights InfraREIT's stable cash flows from long-term leases of its regulated assets and its track record of significant growth through developing projects and acquisitions. The update also outlines InfraREIT's growth opportunities through further developing projects in its footprint, acquiring additional rights of first offer projects from Hunt, and pursuing third party acquisitions, with the goal of achieving double-digit annual growth in cash available for distribution.
InfraREIT reported its Q3 2015 results, showing strong performance in line with expectations. Key highlights include:
- Cash available for distribution grew 19% in Q3 2015 and 23% year-to-date compared to the prior year periods due to increased lease revenue and adjusted EBITDA.
- Adjusted EBITDA grew 9% in Q3 2015 and 12% year-to-date driven by growth in lease revenue.
- Long-term debt totaled $615 million with $334 million in available liquidity, including $305 million available under revolving credit facilities.
- The company's financing strategy focuses on acquiring regulated transmission and distribution assets, maintaining a strong balance sheet, and growing
InfraREIT provides a presentation on its business. It owns $1.1 billion in regulated electric transmission and distribution assets in Texas and the Southwest. It has a track record of growing its rate base from $60 million in 2009 to $1.1 billion currently through developing projects like the CREZ transmission system and pursuing acquisitions. InfraREIT expects to continue growing through developing additional projects from its pipeline with Hunt Consolidated and potentially acquiring other third party assets. It maintains a stable cash flow through long term leases of its regulated assets.
This document provides supplemental information for InfraREIT's 2016 rate case. It summarizes InfraREIT's asset profile including transmission and distribution infrastructure. It also outlines the proposed revenue requirement, customer benefits, changes to Sharyland's customer rates, and proposed changes to the transmission and distribution leases between InfraREIT and Sharyland. The key dates for the rate case proceeding and timeline are also presented.
InfraREIT reported strong Q1 2015 results that were in line with expectations, including year-over-year growth in lease revenue, adjusted EBITDA, and cash available for distribution. Major footprint projects like the Golden Spread Interconnection and Cross Valley Transmission Line are progressing on schedule. InfraREIT is on track to achieve its 2015 financial targets and expects 10-15% annual growth in cash available for distribution per share through 2018.
InfraREIT provided its Q2 2016 results and supplemental information. It reported solid Q2 2016 performance with an increase in lease revenue and adjusted EBITDA in line with expectations. Cash available for distribution and non-GAAP EPS were also in line with expectations, reflecting the impact of higher interest expense and depreciation. InfraREIT has a focus on regulated transmission and distribution opportunities, maintaining a strong financial profile, and growing dividends. Sharyland's rate case filed in April 2016 is pending a preliminary order from the PUCT.
InfraREIT reported its Q1 2016 results, which showed strong performance in line with expectations. Key highlights included a 5% increase in cash available for distribution to $19.3 million and an 11% rise in adjusted EBITDA to $38.1 million. The company also reaffirmed its 2016 guidance metrics and estimates $640-740 million in footprint capital expenditures over 2016-2018. Major ongoing Hunt transmission projects include the Southline Transmission project in Arizona and New Mexico.
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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.
This document summarizes Manitowoc's Q2 2016 earnings call. It discusses financial results including a 4% decrease in year-over-year sales but a 7% increase in sales sequentially. Operating income was in-line with expectations. The company is taking actions to transform by right-sizing manufacturing, aligning costs with demand, improving quality, and increasing efficiency. Strategic priorities include focusing on performance and innovation, optimizing global capacity, and improving productivity. Financial metrics for Q2 2016 and full-year 2016 guidance are provided. The company aims to improve margins through these transformations.
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2) It provides an overview of Ingersoll Rand as a 145-year-old industrial company with revenues of $13.5 billion across climate and industrial segments.
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Hillenbrand is a global diversified industrial company pursuing growth and building value. In Q1 2016:
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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.
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:
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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.
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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:
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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.
(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.
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.
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.
- 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.
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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.
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June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
1. MARCH 9, 2017 – FOURTH QUARTER & FULL YEAR EARNINGS PRESENTATION
MYERS INDUSTRIES, INC.
2. SAFE HARBOR STATEMENT
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. Any statement that is not of historical fact may be deemed “forward-looking”. Words such as “expect”, “believe”,
“project”, “plan”, “anticipate”, “intend”, “objective”, “goal”, “view” and similar expressions identify forward-looking statements. These
statements are based on management’s current views and assumptions of future events and financial performance and involve a number
of risks and uncertainties, many outside the Company’s control that could cause actual results to materially differ from those expressed or
implied. 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. Such risks include:
(1) Raw material availability, increases in raw material costs, or other production costs
(2) Risks associated with our strategic growth initiatives or the failure to achieve the anticipated benefits of such initiatives
(3) Unanticipated downturn in business relationships with customers or their purchases
(4) Competitive pressures on sales and pricing
(5) Changes in the markets for the Company’s business segments
(6) Changes in trends and demands in the markets in which the Company competes
(7) Unexpected failures at our manufacturing facilities
(8) Future economic and financial conditions in the United States and around the world
(9) Inability of the Company to meet future capital requirements
(10) Claims, litigation and regulatory actions against the Company
(11) Changes in laws and regulations affecting the Company
(12) Other risks as detailed in the Company’s 10-K and other reports filed with the Securities Exchange Commission
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.myersindustries.com and at the SEC.gov web
site.
Statements in this presentation speak only as of the date made.
2
4. 4
2016 YEAR-IN-REVIEW
STRATEGIC PROGRESS DESPITE SHORT-TERM HEADWINDS
CHALLENGESACHIEVEMENTS
» Weak capital spending environment in key
markets caused volume & margin pressure
» Significant decline in Agriculture sales
in Material Handling
» Lower sales of equipment and retread
products in Distribution
» Operational inefficiencies due to lower sales
volumes
» Sales decline in Distribution Segment due to
territory gaps from turnover resulting from
sales force process changes
» Strong management team in place
» Focus on building the foundation; invested in
building strong internal control processes
» Winning in niche markets in line with company
strategy
» 100% growth in vending machines; 5%
growth in auto dealer supply sales
» $2MM revenue win at large consumer
retailer in marine aftermarket
» Strategic cost controls; protecting investments
and holding margins
» Generated $21MM of free cash flow*;
distributed $16MM in dividends to shareholders
» Recently revised loan agreement (March 2017)
enables greater financial flexibility
*Free cash flow calculated as cash flow from continuing operations less capital expenditures
5. $0.45
$0.05
2015
2016
Diluted EPS
$601.5
$558.1
2015
2016
Net Sales
5
2016 FINANCIAL SUMMARY – GAAP
REFLECTS RESULTS FROM CONTINUING OPERATIONS; IN $MILLIONS EXCEPT PER-SHARE FIGURES
$178.3
$164.6
2015
2016
Gross Profit
$30.9
$16.2
2015
2016
Operating Income
$147.4
$138.6
2015
2016
SG&A Expenses % Sales
24.8%
24.5%
% Sales
29.5%
29.6%
% Sales
2.9%
5.1%
Operating income declined $14.7MM
• Lower gross profit $14MM
• Favorable SG&A $9MM
• Impairment charge $10MM, mostly Brazil
SG&A decreased $8.8MM
• Cost reductions at both the segment and corporate level
• One-time costs $1MM lower YOY
Net sales declined 7.2%; 6.7% at constant currency
• Material Handling down $26MM (6.4%)
• Distribution down $17MM (9.0%)
Gross profit declined $13.7MM; flat as % of sales
• Lower volume/mix
• Operational inefficiencies
• One-time costs $1.6MM lower due to prior year restructuring
6. 6
2016 FINANCIAL SUMMARY – ADJUSTED (NON-GAAP)
$0.57
$0.44
2015
2016
Adj. Diluted EPS
$601.5
$558.1
2015
2016
Net Sales
$179.9
$164.7
2015
2016
Adj. Gross Profit
Adjusted Gross Profit declined $15.2MM, 40 bps
• Lower sales volume and an unfavorable product mix due to the
decrease in Agriculture sales
• Operational inefficiencies due mostly to lower sales volume
Net Sales decline of 7.2%; 6.7% at constant currency
• Material Handling down $26MM driven by lower Agriculture sales
• Distribution down $17MM due to lower sales of equipment and
retread products
$36.5
$29.2
2015
2016
Adj. Operating Income
Adj. Operating Income declined $7.3MM
• Lower Gross Profit $15MM
• Favorable SG&A $8MM
$143.4
$135.5
2015
2016
Adj. SG&A Expenses
Adj. SG&A declined $7.9M
• Cost reductions at both the segment and corporate level
See appendix for reconciliations from GAAP to adjusted results
% Sales
24.3%
23.8%
% Sales
29.5%
29.9%
% Sales
5.2%
6.1%
REFLECTS RESULTS FROM CONTINUING OPERATIONS; IN $MILLIONS EXCEPT PER-SHARE FIGURES
7. 7
2016 SEGMENT RESULTS
Material Handling Distribution
$414.0
$387.5
2015
2016
Net Sales
Net sales down 6.4%; 5.6% at constant currency
• Weak capital spending environment in Food & Beverage market
• ~2% of sales decline attributable to strategic rationalization of low-margin
products
• Strong growth in Vehicle market due to increased passenger automotive
and RV demand
$49.8
$29.6
2015
2016
Operating Income
Adj. Operating profit declined $11.8MM
• Lower volume and an unfavorable mix due to decreased Agriculture sales
• Operational inefficiencies due to lower sales volumes offset by SG&A
reductions
Adjusted
$38.2
$50.0
$187.6
$170.7
2015
2016
Net Sales
Net sales down 9.0%
• Decline due to decreased sales of equipment and retread products;
partially offset by increased Industrial sales
• New sales model implementation completed
$16.1
$12.8
2015
2016
Operating Income
Adj. Operating Income declined $3.8MM
• Lower sales volume partially offset by a favorable mix of supplies vs.
equipment
• Operational inefficiencies offset by SG&A cost reductions
$12.8
$16.6
GAAP AdjustedGAAP
See appendix for reconciliations from GAAP to adjusted results
REFLECTS RESULTS FROM CONTINUING OPERATIONS; IN $MILLIONS EXCEPT PER-SHARE FIGURES
8. 8
BALANCE SHEET & CASH FLOW
ANNUAL CASH FLOW
WORKING CAPITAL AS A % OF SALES
5.8%
3.6%
8.1%
2014 2015 2016
MAINTAINED FREE CASH FLOW THROUGH DISCIPLINED APPROACH TO CAPEX
$51.8
$(24.2)
$27.6
$49.4
$(23.7)
$25.6
$33.7
$(12.5)
$21.2
Cash from Cont. Ops CapEx Free Cash Flow
2014 2015 2016
See appendix for reconciliations from GAAP to adjusted results
BALANCE SHEET
2015 2016
Cash 7.3$ 7.9$
Debt 191.9 189.5
Net Debt 184.5$ 181.6$
Adjusted EBITDA 71.5$ 63.6$
Net Debt-to-Adj. EBITDA 2.6x 2.9x
IN $MILLIONS
IN $MILLIONS
% OF ANNUAL SALES
9. 9
2017 OUTLOOK
Consumer
Vehicle
Industrial
Auto
Aftermarket
Food &
Beverage
2015 2016Market
% of Net Sales
2017 Operating Framework
Low single
digits
High single
digits
Low single
digits
Flat
Low single
digits
Continued decline in demand from
Agriculture markets
Anticipating growth in market share
due to new customer wins
Strong demand growth expected to
continue
Experiencing slow but stable growth
in Industrial markets
Expecting growth due to an
improved sales process and
strengthening demand
FORECASTING FLAT SALES IN 2017 ON A CONSTANT CURRENCY BASIS
10. » Net Sales Flat (ex-currency)
» Capital expenditures: $10 - $12 million
» Net interest expense: $8 - $9 million
» D&A: $32 - $34 million
» Effective tax rate (normalized): 36%
10
2017 KEY ASSUMPTIONS
11. STRATEGIC VISION
11
Safety and Efficiency in Everything We Do
Act Like Owners
Niche Market Focus
• #1 or #2 in each served market
• Strong brands
• Customer intimacy
Flexible Operations
• Simplify
• 80/20 and lean
• Process focus; value-add only
Strong Cash Flow Growth
13. 2017 – 2018 INITIATIVES
13
Niche Market Focus Flexible Operations Strong Cash Flow
Growth
• Sales force effectiveness
- MTS sales process and
pricing process
• Innovation
- Scepter new product
launch
• Reduce Material
Handling ops footprint
• Continue 80/20 & lean
implementation
• Focus on debt repayment
• Early stages of acquisition
funnel
• High cash flow/asset light
businesses
14. Niche Market
Focus
HOW WE WIN: NICHE MARKET GROWTH STRATEGY
14
•Invested in market research in all 5 key end markets in 2016
Define the market segment
•Established 7 dedicated cross functional teams in 2016
Orient the organization
•Investing in systems and pricing tools in 2017
Penetrate the market segment with existing products
•Investing in R&D at Scepter; other companies to follow
Innovate
•Find next market segment to expand safety and efficiency offering
Expand
15. HOW WE WIN: CHANGING THE OPERATING MODEL
15
» Investing ≈$10M to reduce the operating footprint
» Annual savings of approximately $10M
» Material Handling
» Consolidation of factory footprint across several businesses
» Strategic sourcing partners to produce certain volume
» Focus in-house on high value products
» Complete by Q4 2017
» Myers Industries corporate
» Reduced headcount by 15% - completed in Q4 2016
» Amended and extended loan agreement
» Similar terms to prior agreement with 3 year extension
» Filling M&A pipeline
» Market segments less than $1B
» Low exposure to customer capital spending
» Asset light business model
Flexible
Operations
Strong Cash
Flow Growth
16. LONG-TERM FINANCIAL TARGETS
FINANCIAL TARGETS 2016 2018 2020
Adj. Op Inc. Margin 5% >8% >10%
Free Cash Flow*/Sales 4% >7% >9%
Working Capital/Sales 8% <9% <9%
Leverage Ratio 2.9 <2.0 <2.0
Adj. EBITDA $64MM >$70MM >$80MM
16
*Free cash flow calculated as cash flow from continuing operations less capital expenditures
19. $0.00
($0.04)
Q4 2015
Q4 2016
Diluted EPS
$139.2
$130.1
Q4 2015
Q4 2016
Net Sales
19
Q4 FINANCIAL SUMMARY – GAAP
$40.3
$36.0
Q4 2015
Q4 2016
Gross Profit
Gross Profit declined $4.3MM, 120 bps
• Lower sales volume
• One-time costs $0.5MM lower YOY due to prior year restructuring
Net Sales declined 6.6% vs. prior year; 7.3% at constant currency
• Material Handling down $5.8MM (6.2%)
• Distribution down $3.0MM (7.3%)
$1.8
$0.9
Q4 2015
Q4 2016
Operating Income
$38.4
$35.1
Q4 2015
Q4 2016
SG&A Expenses
SG&A declined $3.3MM
• Cost reductions at both the segment and corporate level
• One-time costs $1.4MM lower YOY
% Sales
27.0%
27.6%
% Sales
27.7%
28.9%
% Sales
0.7%
1.3%
REFLECTS RESULTS FROM CONTINUING OPERATIONS; IN $MILLIONS EXCEPT PER-SHARE FIGURES
Operating Income declined $0.9MM
• Lower Gross Profit $4.3MM
• Favorable SG&A $3.3MM
20. $0.06
$0.00
Q4 2015
Q4 2016
Adj. Diluted EPS
$139.2
$130.1
Q4 2015
Q4 2016
Net Sales
20
Q4 FINANCIAL SUMMARY – ADJUSTED (NON-GAAP)
$40.8
$36.0
Q4 2015
Q4 2016
Adj. Gross Profit
Adj. Gross Profit declined $4.8MM, 160 bps
• Lower sales volume
• Operational inefficiencies due mostly to lower sales volume
Net Sales decline of 6.6%; 7.3% at constant currency
• Material Handling down $5.8MM driven by lower Agriculture sales
• Distribution down $3.0MM due to lower sales of equipment and
retread products
$4.7
$1.9
Q4 2015
Q4 2016
Adj. Operating Income
$36.1
$34.2
Q4 2015
Q4 2016
Adj. SG&A Expenses
Adj. SG&A declined $1.9MM
• Cost reductions at both the segment and corporate level
See appendix for reconciliations from GAAP to adjusted results
% Sales
26.3%
25.9%
% Sales
27.7%
29.3%
% Sales
1.5%
3.4%
REFLECTS RESULTS FROM CONTINUING OPERATIONS; IN $MILLIONS EXCEPT PER-SHARE FIGURES
Adj. Operating Income declined $2.8MM
• Lower Gross Profit $4.8MM
• Favorable SG&A $1.9MM
21. 21
Q4 SEGMENT RESULTS
Material Handling Distribution
$93.5
$87.7
Q4 2015
Q4 2016
Net Sales
$8.1
$3.4
Q4 2015
Q4 2016
Operating Income
Adjusted
$4.2
$9.7
$45.7
$42.4
Q4 2015
Q4 2016
Net Sales
$2.6
$3.0
Q4 2015
Q4 2016
Operating Income
$3.0
$2.9
GAAP AdjustedGAAP
Net sales declined 7.3%
• Lower sales of equipment and retread products
• Increased sales of industrial products
Net sales declined 6.2%; 7.2% at constant currency
• Continued decline in Agriculture sales
• Strong Food & Beverage sales in Brazil
• Growth in Vehicle market due to increased sales to the
recreational vehicle market
Adj. operating income declined $5.5MM
• Lower volume and an unfavorable mix due to decreased Agriculture sales
• Operational inefficiencies due to lower sales volumes partially offset by
SG&A reductions
Adj. operating income increased $0.1MM
• Lower sales volume offset by a positive mix of supplies vs. equipment
REFLECTS RESULTS FROM CONTINUING OPERATIONS; IN $MILLIONS EXCEPT PER-SHARE FIGURES
22. 22
RECONCILIATION OF NON-GAAP MEASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
CONSOLIDATED GROSS PROFIT (UNAUDITED)
(Dollars in thousands)
Note on Reconciliation of Income and Earnings Data: Gross profit excluding the items above in the text of this presentation and in this reconciliation chart is a non-GAAP
financial measure that Myers Industries, Inc. calculates according to the schedule above using GAAP amounts from the unaudited Condensed Consolidated Statement of
Operations. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that gross profit excluding items that
are not primarily related to core operating activities is generally viewed as providing useful information regarding a company's operating profitability. Management uses gross
profit excluding these items as well as other financial measures in connection with its decision-making activities. Gross profit excluding these items should not be considered in
isolation or as a substitute for gross profit prepared in accordance with GAAP. The Company's method for calculating gross profit excluding these items may not be
comparable to methods used by other companies.
December 31, 2016 December 31, 2015 December 31, 2016 December 31, 2015
Gross profit as reported 36,015$ 40,254$ 164,640$ 178,278$
Restructuring expenses and other adjustments in cost of sales
Material Handling segment 22 563 22 1,620
Distribution segment - - - -
Gross profit as adjusted 36,037$ 40,817$ 164,662$ 179,898$
Quarter Ended For the Twelve Months Ended
23. 23
RECONCILIATION OF NON-GAAP MEASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
CONSOLIDATED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED)
(Dollars in thousands)
Note on Reconciliation of Income and Earnings Data: Selling, general and administrative expenses excluding the items above in the text of this presentation 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 Statement of Operations. The Company believes that the excluded items are not primarily related to core operational activities. The Company
believes that selling, general and administrative expenses excluding items that are not primarily related to core operating activities is generally viewed as providing useful
information regarding a company's operating profitability. Management uses selling, general and administrative expenses excluding these items as well as other financial
measures in connection with its decision-making activities. Selling, general and administrative expenses excluding these items should not be considered in isolation or as a
substitute for selling, general and administrative expenses prepared in accordance with GAAP. The Company's method for calculating selling, general and administrative
expenses excluding these items may not be comparable to methods used by other companies.
December 31, 2016 December 31, 2015 December 31, 2016 December 31, 2015
Selling, general and administrative expenses as reported 35,128$ 38,430$ 138,598$ 147,417$
Restructuring expenses and other adjustments in selling, general and
administrative expenses
Material Handling segment (788) (972) 1,255 1,345
Distribution segment - (312) - (507)
Corporate (186) (1,059) (4,352) (4,830)
Selling, general and administrative expenses as adjusted 34,154$ 36,087$ 135,501$ 143,425$
Quarter Ended For the Twelve Months Ended
24. 24
RECONCILIATION OF NON-GAAP MEASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED)
(Dollars in thousands, except per share data)
Note on Reconciliation of Income and Earnings Data: Income (loss) excluding the items above in the text of this presentation 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 Statement of Operations. 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 profitability. 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 income (loss)
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.
*Income taxes are calculated using the normalized effective tax rate for each year. The normalized rate used in 2016 is 36% and the normalized rate used in 2017 is 37.5%.
2016 2015 2016 2015
Material Handling
Operating income as reported 3,431$ 8,140$ 29,583$ 49,762$
Litigation reserve reversal - - - (3,010)
Asset impairments - - 9,874 -
Reduction to contingent liability - (2,335)
Restructuring expenses and other adjustments 810 1,535 1,102 3,285
Operating income as adjusted 4,241 9,675 38,224 50,037
Distribution
Operating income as reported 3,031 2,557 12,834 16,114
Restructuring expenses and other adjustments - 312 - 507
Operating income as adjusted 3,031 2,869 12,834 16,621
Corporate Expense
Corporate expense as reported (5,575) (8,873) (26,249) (35,015)
CFO severance related costs - - 2,011 -
Environmental reserve - 200 2,155 1,466
Professional, legal fees and other adjustments 186 859 186 3,364
Corporate expense as adjusted (5,389) (7,814) (21,897) (30,185)
Continuing Operations
Operating income as reported 887 1,824 16,168 30,861
Total of all adjustments above 996 2,906 12,993 5,612
Operating income as adjusted 1,883 4,730 29,161 36,473
Interest expense, net (2,086) (2,100) (8,173) (8,999)
Income (loss) before taxes as adjusted (203) 2,630 20,988 27,474
Income taxexpense* 76 (939) (7,871) (9,808)
Income (loss) fromcontinuing operations as adjusted (127)$ 1,691$ 13,117$ 17,666$
Adjusted earnings (loss) per diluted share fromcontinuing operations (0.00)$ 0.06$ 0.44$ 0.57$
Quarter Ended December 31, Year Ended December 31,
25. 25
RECONCILIATION OF NON-GAAP MEASURES
MYERS INDUSTRIES, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
COMBINED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands)
Note on Reconciliation of Income and Earnings Data: EBITDA as adjusted is a financial measure that Myers Industries, Inc. calculates according to the schedule above using
amounts from the unaudited Reconciliation of Non-GAAP Financial Measures Income (Loss) Before Taxes By Segment and GAAP amounts from the unaudited Condensed
Consolidated Statement of Operations. The Company believes that EBITDA as adjusted provides useful information regarding a company's operating profitability. Management uses
EBITDA as adjusted as well as other financial measures in connection with its decision-making activities. EBITDA as adjusted 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 EBITDA as adjusted may
not be comparable to methods used by other companies.
Year Ended
31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Dec-15
Net Income as Reported Continuing Operations 2,622$ 10,925$ 631$ (125)$ 14,053$
Add: tax expense 1,392 6,350 218 (151) 7,809
Add: net interest expense 2,702 2,467 1,730 2,100 8,999
Add: depreciation 6,489 6,801 5,926 5,496 24,712
Add: amortization 2,638 2,641 2,575 2,413 10,267
EBITDA 15,843 29,184 11,080 9,733 65,840
Add: one-time unusual charges 1,950 (2,561) 3,317 2,906 5,612
EBITDA as Adjusted 17,793 26,623 14,397 12,639 71,452
Quarter Ended
Year Ended
31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Dec-16
Net Income as Reported Continuing Operations (3,336)$ 5,684$ 424$ (1,247)$ 1,525$
Add: tax expense 2,446 3,429 547 48 6,470
Add: net interest expense 2,019 2,053 2,015 2,086 8,173
Add: depreciation 6,000 6,283 6,182 6,142 24,607
Add: amortization 2,499 2,482 2,447 2,430 9,858
EBITDA 9,628 19,931 11,615 9,459 50,633
Add: one-time unusual charges 10,556 544 897 996 12,993
EBITDA as Adjusted 20,184 20,475 12,512 10,455 63,626
Quarter Ended