Attached files
| file | filename |
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| 8-K - 8-K - MYERS INDUSTRIES INC | d428078d8k.htm |
| EX-99.1 - EX-99.1 - MYERS INDUSTRIES INC | d428078dex991.htm |
 Earnings
Presentation Third Quarter 2012
Third Quarter 2012
October 18, 2012
Exhibit 99.2 |
 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) Fluctuations in product demand and market acceptance
(2) Uncertainties associated with the general economic conditions in domestic and
international markets (3) Increased competition in our markets
(4) Changes in seasonality
(5)
Difficulties
in
manufacturing
operations,
such
as
production
outages
or
maintenance
programs
(6) Raw material availability
(7)
Fluctuations
in
raw
material
costs;
fluctuations
outside
the
“normal”
range
of
industry
cycles
(8) Changes in laws and regulations and approvals and decisions of courts,
regulators, and governmental bodies
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.
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 3
*See reconciliation of Non-GAAP measures
on slide 13. |
 4
Myers
Industries’
business
segments
have
5
key
platforms
for
both
organic
and
acquisition
growth
Material Handling Segment
1.
Returnable Packaging
2.
Storage & Safety Products
Engineered Products Segment
3.
Tire Repair & Retread Products
4.
Specialty Molded Products
Distribution Segment
5.
Tire Supply Distribution |
 5
Jamco acquisition fits the Material Handling Segment’s Storage and Safety
Products Growth Platform
Founded in 1995
Designer and manufacturer of heavy
duty, industrial steel carts and cabinets
Three manufacturing facilities located
in South Beloit, Illinois
Approximately 75 employees
Products are sold through national
catalogs and distributors similar to our
Akro-Mils business
www.Jamcoproducts.com |
    6
P&L
Q3
Q3
Highlights
2012
2011
B/(W)
Net sales
$197.3
$190.3
3.7%
Gross
margin
26.7%
25.1%
6.4%
SG&A
$43.0
$40.5
-6.0%
Net
income -
adjusted*
$6.7
$5.0
34.0%
Effective
tax rate
32.4%
---
EPS -
adjusted*
$0.20
$0.14
42.9%
*See Reconciliation of Non-GAAP measures on slide 13
Nine Months Ended
Nine Months Ended
Cash
September 30,
September 30,
Highlights
2012
2011
Operating cash
flow
$23.3
$40.2
Capital
expenditures
$15.2
$13.3
Dividends
$7.6
$7.2
Note: All figures except per share data and percents are $Millions
Balance Sheet
September 30,
December 31,
Highlights
2012
2011
Long-term debt
(less current
portion)
$96.4
$73.7
Debt - net of
cash
$90.2
$67.2
Net Debt to
Total Capital
28.2%
24.6%
Debt-to-EBITDA
1.0
1.0 |
 7
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 8
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 9
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 10
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 Demand in the
transplant auto market should return from elevated levels to
more normal levels
Expect some traditional softening in demand in RV and custom markets
A decline in the replacement tire industry could impact performance in
the fourth quarter
Stronger order activity and a continued focus on cost reduction should result in
improved performance in Q4
The shift in orders resulting from a delay in customer demand from earlier in the
year to the fourth quarter should benefit results during Q4
11
Overall Outlook
Anticipate overall solid performance in Q4, despite a relatively
weak industrial market
Fourth-quarter and full-year results should reflect improved performance
Our increased strategic focus should enable Myers to continue to
produce solid results
Engineered
Products
Distribution
Material
Handling
Lawn &
Garden |
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 13
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