UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) July 24, 2014 

MYERS INDUSTRIES, INC. 
(Exact name of registrant as specified in its charter)

 
					
Ohio	 	1-8524	 	34-0778636	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification Number)	
		
1293 South Main Street, Akron, OH	 	44301	
(Address of Principal Executive Offices)	 	(Zip Code)	
Registrant’s Telephone Number, including area code (330) 253-5592
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 

Item 2.02 .	Results of Operations and Financial Condition	
On July 24, 2014, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the quarter ended June 30, 2014. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. In addition, a copy of the slide materials which will be discussed during the Company’s earnings conference call at 10:00 a.m. Eastern Time on July 24, 2014 is attached as Exhibit 99.2 to this Current Report on Form 8-K. Information about the call can be found in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this report (including the exhibit) is furnished pursuant to “Item 2.02. Results of Operations and Financial Condition” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, unless incorporated by specific reference in such filing.
 
Item 7.01 .	Regulation FD Disclosure	
See “Item 2.02 Results of Operations and Financial Condition” above.
 
Item 9.01 .	Financial Statements and Exhibits	

99.1	  	Press Release by the Company regarding earnings results dated July 24, 2014	
		
99.2	  	Earnings Presentation Second Quarter 2014 by the Company dated July 24, 2014	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	 		 		 	Myers Industries, Inc.	
	 		 		 	(Registrant)	
				
DATE July 24, 2014	 		 	By:	 	/s/ Greggory W. Branning	
	 		 		 	Greggory W. Branning	
	 		 		 	Senior Vice President, Chief Financial Officer
and Corporate Secretary	

Exhibit 99.1

	  	News Release
NYSE: MYE	
Contact(s):
Gregg Branning, Senior Vice President
& Chief Financial Officer (330) 761-6303
Monica Vinay, Vice President, Investor
Relations & Treasurer (330) 761-6212
Myers Industries Reports 2014 Second Quarter Results
 
 	•	 	Net sales decreased 0.5% compared to the second quarter of 2013	
 
 	•	 	Adjusted EPS from continuing operations was up 4.8% compared to the second quarter of 2013	
 
 	•	 	Material Handling Segment earnings were impacted by competitive pricing pressure in one of the segment’s businesses coupled with a significant slowdown in the segment’s Brazilian sales due to the World Cup activities	
 
 	•	 	The acquisition of Scepter was completed July 2, 2014 and is expected to be accretive in 2014	
 
 	•	 	Anticipate that Scepter, organic growth, new product introductions and cost reduction initiatives will benefit future quarters	
 
 	•	 	Sale of WEK Industries, Inc. completed at a pre-tax gain of $3.7 million included in discontinued operations	
July 24, 2014 , Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced results for the second quarter ended June 30, 2014.
Summary - Continuing Operations only (Unaudited)

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
 	  	2014	 	 	2013¹	 	 	2014	 	 	2013¹	 	
 	  	(Dollars in thousands, except per share data)	 	
Net sales	  	$	152,784	  	 	$	153,623	  	 	$	303,269	  	 	$	298,567	  	
Gross profit	  	$	42,532	  	 	$	45,008	  	 	$	84,603	  	 	$	87,093	  	
Gross profit margin	  	 	27.8	% 	 	 	29.3	% 	 	 	27.9	% 	 	 	29.2	% 	
Income from continuing operations before income taxes	  	$	9,619	  	 	$	11,502	  	 	$	16,918	  	 	$	20,537	  	
Income from continuing operations:	  				 				 				 				
Income	  	$	6,327	  	 	$	7,405	  	 	$	11,090	  	 	$	13,201	  	
Income per diluted share	  	$	0.19	  	 	$	0.22	  	 	$	0.33	  	 	$	0.39	  	
					
Income from continuing operations before income taxes as adjusted 2	  	$	11,179	  	 	$	11,536	  	 	$	19,035	  	 	$	20,872	  	
Income from continuing operations as adjusted 2 :	  				 				 				 				
Income	  	$	7,154	  	 	$	7,248	  	 	$	12,182	  	 	$	13,149	  	
Income per diluted share	  	$	0.22	  	 	$	0.21	  	 	$	0.36	  	 	$	0.39	  	
 
1.	Historical information has been adjusted to reflect discontinued operations presentation.	
2.	Details regarding the pre-tax and after-tax adjustments are provided on the Reconciliation of Non-GAAP Financial Measures included in this release.	

“We are pleased that adjusted EPS for the second quarter was up 4.8% over the second quarter of last year. The Material Handling Segment realized strong sales in its agriculture markets, however profits were somewhat impacted due to a competitive pricing pressure in one of its businesses. In addition, the segment was also impacted by a significant slowdown in orders and sales in Brazil as a result of the World Cup activities. Looking forward to the second half of the year, we are adjusting our cost and pricing structure to positively overcome the pricing pressure we saw in the second quarter. We anticipate that both sales and adjusted income from continuing operations will show improvement compared to last year as a result of organic growth and cost savings. The stronger second half of the year is also expected to result in improved results for continuing operations for the full year compared to last year,” said John C. Orr, President and Chief Executive Officer.
“We are excited that we have completed the acquisition of Scepter and look forward to a quick and efficient integration of the organization and its employees into Myers Industries. In addition, with the sale of non-strategic WEK Industries, we are now focused on opportunities to profitably grow Material Handling and Distribution, while enhancing Myers’ overall free cash flow generation, return on invested capital and shareholder value,” said Orr.
Segment Results
The results below are as adjusted and exclude restructuring and other unusual pre-tax charges as detailed on the Reconciliation of Non-GAAP Financial Measures included in this release.
Net sales in the Material Handling Segment for the second quarter of 2014 increased 2.5% to $103.0 million compared to $100.5 million for the second quarter of 2013. Sales increases in the agriculture market were partially offset by lower sales volumes in Brazil due to the economic slowdown caused by World Cup activities. Material Handling’s adjusted income before taxes was $12.2 million for the second quarter of 2014 compared to $13.4 million for the second quarter of 2013. Competitive pricing pressure in one of the segment’s businesses and the lower sales volumes in Brazil led to the decline in adjusted income before taxes year-over-year.
Net sales in the Distribution Segment were $49.8 million for the second quarter of 2014 compared to $53.2 million for the second quarter of 2013. Sales decreased year-over-year primarily due to the segment’s Canadian branch closures in the first quarter of 2014 and lower custom sales. Distribution’s adjusted income before taxes was $5.4 million for the second quarter of 2014 compared to $6.0 million for the second quarter of 2013. The lower custom sales and higher logistics costs during the quarter led to the decrease in adjusted income before taxes compared to the second quarter of last year.
Other Items
For the six months ended June 30, 2014, cash flow used for continuing operations was $6.8 million compared to cash flow provided by continuing operations of $13.6 million for the six months ended June 30, 2013.
Capital expenditures for continuing operations totaled $7.0 million for the six months ended June 30, 2014.
The Company purchased $44.4 million of its common stock during the six months ended June 30, 2014.
On June 2, 2014, the Company announced that it had engaged the investment bank William Blair & Company to commence the sale of its Lawn and Garden Segment. On June 24, 2014, the Company announced that it had completed the sale of WEK Industries, Inc. for approximately $20 million. The sale of WEK Industries resulted in a pre-tax gain of $3.7 million which is included in discontinued operations. On July 2, 2014, the Company completed the acquisition of Scepter expanding its Material Handling business to include new customers, products, technologies and international markets. The objective of the combined transactions is to streamline the Company’s business portfolio and focus on higher return growth opportunities.
The Company also announced that starting with the second quarter 2014 and going forward, the Company will report its operating results in two reportable segments: Material Handling and Distribution. Ameri-Kart ® which was previously part of the Engineered Products Segment will be part of the Material Handling Segment and Patch Rubber Company which was also previously part of the Engineered Products Segment will be part of the Distribution Segment. WEK Industries, Inc. and the Lawn and Garden Segment will be reported as discontinued operations.

2014 Outlook
The Company anticipates that full year adjusted earnings from continuing operations (excluding restructuring and other unusual pre-tax charges) will increase year-over-year as a result of organic growth and new product sales coupled with cost savings driven by productivity improvements. The acquisition of Scepter will also contribute to both sales and earnings during the second half of the year.
Conference Call Details
The Company will host an earnings conference call and webcast for investors and analysts on Thursday, July 24, 2014 at 10:00 a.m. ET. The call is anticipated to last approximately one hour and may be accessed at (877) 407-8033. Callers are asked to sign on at least five minutes in advance. The call will be available as a webcast through the Company’s web site, www.myersindustries.com . Click on the Investor Relations tab to access the webcast. Webcast attendees will be in a listen-only mode. An archived replay of the call will also be available on the site shortly after the event. To listen to a telephone replay, callers should dial: (US) 877-660-6853 or (Int’l) 201-612-7415. The replay passcode is Conference ID #13586377.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, manufacturing, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and under vehicle service industry in the U.S. Visit www.myersindustries.com to learn more.
Caution on Forward-Looking Statements
Statements in this release may include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 of the Company’s control that could cause actual results to materially differ from those expressed or implied. Risks and uncertainties include: changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; raw material availability, increases in raw material costs, or other production costs; harsh weather conditions; future economic and financial conditions in the United States and around the world; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; the Company’s ability to execute the components of its strategic plan; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange Commission. Such reports are available on the Securities and Exchange Commission’s public reference facilities and its web site at http://www.sec.gov , and on the Company’s Investor Relations section of its web site at http://www.myersindustries.com . Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made.

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
FOR THE QUARTER AND SIX MONTHS ENDED JUNE 30, 2014 AND 2013
(Dollars in thousands, except share data)

 	  	For the Quarter Ended
June 30,	 	  	For the Six Months Ended
June 30,	 	
 	  	2014	 	 	2013*	 	  	2014	 	 	2013*	 	
Net sales	  	$	152,784	  	 	$	153,623	  	  	$	303,269	  	 	$	298,567	  	
Cost of sales	  	 	110,252	  	 	 	108,615	  	  	 	218,666	  	 	 	211,474	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Gross profit	  	 	42,532	  	 	 	45,008	  	  	 	84,603	  	 	 	87,093	  	
Selling, general and administrative expenses	  	 	31,246	  	 	 	32,387	  	  	 	64,434	  	 	 	64,360	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Operating income	  	 	11,286	  	 	 	12,621	  	  	 	20,169	  	 	 	22,733	  	
Interest expense, net	  	 	1,667	  	 	 	1,119	  	  	 	3,251	  	 	 	2,196	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income from continuing operations before income taxes	  	 	9,619	  	 	 	11,502	  	  	 	16,918	  	 	 	20,537	  	
Income tax expense	  	 	3,292	  	 	 	4,097	  	  	 	5,828	  	 	 	7,336	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	6,327	  	 	 	7,405	  	  	 	11,090	  	 	 	13,201	  	
(Loss) income from discontinued operations, net of income taxes	  	 	(578	) 	 	 	907	  	  	 	(4,661	) 	 	 	2,994	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Net income	  	$	5,749	  	 	$	8,312	  	  	$	6,429	  	 	$	16,195	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income per common share from continuing operations:	  				 				  				 				
Basic	  	$	0.20	  	 	$	0.22	  	  	$	0.34	  	 	$	0.39	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	0.19	  	 	$	0.22	  	  	$	0.33	  	 	$	0.39	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
(Loss) income per common share from discontinued operations:	  				 				  				 				
Basic	  	$	(0.02	) 	 	$	0.03	  	  	$	(0.14	) 	 	$	0.09	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	(0.02	) 	 	$	0.03	  	  	$	(0.14	) 	 	$	0.09	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income per common share:	  				 				  				 				
Basic	  	$	0.18	  	 	$	0.25	  	  	$	0.20	  	 	$	0.48	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	0.17	  	 	$	0.25	  	  	$	0.19	  	 	$	0.48	  	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Weighted Average Common Shares Outstanding	  				 				  				 				
Basic	  	 	32,425,994	  	 	 	33,559,398	  	  	 	32,892,864	  	 	 	33,529,004	  	
Diluted	  	 	32,962,790	  	 	 	33,877,952	  	  	 	33,387,109	  	 	 	33,897,962	  	
 
*	Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014.	

MYERS INDUSTRIES, INC.
SALES AND EARNINGS BY SEGMENT (UNAUDITED)
(Dollars in thousands)

 	  	Quarter Ended June 30,	 	 	Six Months Ended June 30,	 	
 	  	2014	 	 	2013*	 	 	% Change	 	 	2014	 	 	2013*	 	 	% Change	 	
Net Sales from Continuing Operations	  				 				 				 				 				 				
Material Handling	  	$	103,046	  	 	$	100,496	  	 	 	2.5	% 	 	$	209,723	  	 	$	195,132	  	 	 	7.5	% 	
Distribution	  	 	49,789	  	 	 	53,211	  	 	 	(6.4	)% 	 	 	93,672	  	 	 	103,617	  	 	 	(9.6	)% 	
Inter-company Sales	  	 	(51	) 	 	 	(84	) 	 	 	—  	  	 	 	(126	) 	 	 	(182	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	$	152,784	  	 	$	153,623	  	 	 	(0.5	)% 	 	$	303,269	  	 	$	298,567	  	 	 	1.6	% 	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Income (Loss) from Continuing Operations Before Income Taxes	  				 				 				 				 				 				
Material Handling	  	$	11,533	  	 	$	13,358	  	 	 	(13.7	)% 	 	$	24,305	  	 	$	24,840	  	 	 	(2.2	)% 	
Distribution	  	 	5,053	  	 	 	6,043	  	 	 	(16.4	)% 	 	 	8,583	  	 	 	11,330	  	 	 	(24.2	)% 	
Corporate	  	 	(6,967	) 	 	 	(7,899	) 	 	 	—  	  	 	 	(15,970	) 	 	 	(15,633	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	$	9,619	  	 	$	11,502	  	 	 	(16.4	)% 	 	$	16,918	  	 	$	20,537	  	 	 	(17.6	)% 	

*	Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014.	

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 June 30,	 	 	Six Months Ended June 30,	 	
 	  	2014	 	 	2013	 	 	2014	 	 	2013	 	
Material Handling	  				 				 				 				
Income before income taxes as reported	  	$	11.5	  	 	$	13.4	  	 	$	24.3	  	 	$	24.8	  	
Restructuring expenses and other adjustments	  	 	0.7	  	 	 	—  	  	 	 	0.7	  	 	 	0.2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before income taxes as adjusted	  	 	12.2	  	 	 	13.4	  	 	 	25.0	  	 	 	25.0	  	
					
Distribution	  				 				 				 				
Income before income taxes as reported	  	 	5.1	  	 	 	6.0	  	 	 	8.6	  	 	 	11.3	  	
Restructuring expenses and other adjustments	  	 	0.3	  	 	 	—  	  	 	 	0.8	  	 	 	0.1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before income taxes as adjusted	  	 	5.4	  	 	 	6.0	  	 	 	9.4	  	 	 	11.4	  	
					
Corporate and interest expense	  				 				 				 				
Income (loss) before income taxes as reported	  	 	(7.0	) 	 	 	(7.9	) 	 	 	(16.0	) 	 	 	(15.6	) 	
Transaction costs	  	 	0.6	  	 	 	—  	  	 	 	0.6	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) before income taxes as adjusted	  	 	(6.4	) 	 	 	(7.9	) 	 	 	(15.4	) 	 	 	(15.6	) 	
					
Continuing operations	  				 				 				 				
Income from continuing operations before income taxes as reported	  	 	9.6	  	 	 	11.5	  	 	 	16.9	  	 	 	20.5	  	
Restructuring expenses and other adjustments	  	 	1.0	  	 	 	—  	  	 	 	1.5	  	 	 	0.3	  	
Transaction costs	  	 	0.6	  	 	 	—  	  	 	 	0.6	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations before income taxes as adjusted	  	 	11.2	  	 	 	11.5	  	 	 	19.0	  	 	 	20.8	  	
Income tax expense	  	 	4.0	  	 	 	4.3	  	 	 	6.8	  	 	 	7.7	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations as adjusted	  	 	7.2	  	 	 	7.2	  	 	 	12.2	  	 	 	13.1	  	

Discontinued operations	  				 				 				 				
(Loss) Income from discontinued operations before income taxes	  	 	(0.7	) 	 	 	0.5	  	 	 	(6.9	) 	 	 	3.6	  	
Restructuring expenses and other adjustments	  	 	3.0	  	 	 	1.4	  	 	 	9.9	  	 	 	1.8	  	
Transaction costs	  	 	0.2	  	 	 	—  	  	 	 	0.2	  	 	 	—  	  	
Gain on sale	  	 	(3.7	) 	 	 	—  	  	 	 	(3.7	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(Loss) Income from discontinued operations before income taxes as adjusted	  	 	(1.2	) 	 	 	1.9	  	 	 	(0.5	) 	 	 	5.4	  	
Income tax expense	  	 	(0.4	) 	 	 	0.7	  	 	 	(0.2	) 	 	 	2.0	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(Loss) Income from discontinued operations as adjusted	  	 	(0.8	) 	 	 	1.2	  	 	 	(0.3	) 	 	 	3.4	  	

Consolidated	  				 				 				 				
Net income as adjusted	  	$	6.4	  	 	$	8.4	  	 	$	11.9	  	 	$	16.5	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted earnings per diluted share from continuing operations	  	$	0.22	  	 	$	0.21	  	 	$	0.36	  	 	$	0.39	  	
Adjusted earnings per diluted share from discontinued operations	  	 	(0.02	) 	 	 	0.04	  	 	 	(0.01	) 	 	 	0.10	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted earnings per diluted share	  	$	0.20	  	 	$	0.25	  	 	$	0.35	  	 	$	0.49	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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.

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
(Dollars in thousands)

 	  	June 30,
2014	 	  	December 31,
2013*	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	35,792	  	  	$	6,539	  	
Accounts receivable, net	  	 	86,324	  	  	 	74,932	  	
Inventories	  	 	64,734	  	  	 	53,123	  	
Assets held for sale	  	 	136,698	  	  	 	92,760	  	
Other	  	 	11,044	  	  	 	7,556	  	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	334,592	  	  	 	234,910	  	
Assets Held for Sale	  	 	—  	  	  	 	67,808	  	
Other Assets	  	 	68,394	  	  	 	68,289	  	
Property, Plant, & Equipment, Net	  	 	95,657	  	  	 	98,450	  	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	498,643	  	  	$	469,457	  	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders’ Equity	  				  				
Current Liabilities	  				  				
Accounts payable	  	$	64,566	  	  	$	68,897	  	
Accrued expenses	  	 	37,751	  	  	 	41,642	  	
Liabilities held for sale	  	 	31,674	  	  	 	40,044	  	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	133,991	  	  	 	150,583	  	
Long-term debt, net	  	 	137,734	  	  	 	44,347	  	
Liabilities held for sale	  	 	—  	  	  	 	9,455	  	
Other liabilities	  	 	14,982	  	  	 	12,762	  	
Deferred income taxes	  	 	16,617	  	  	 	16,803	  	
Total Shareholders’ Equity	  	 	195,319	  	  	 	235,507	  	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders’ Equity	  	$	498,643	  	  	$	469,457	  	

*	Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014.	

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2014 AND 2013
(Dollars in thousands)

 	  	June 30, 2014	 	 	June 30, 2013*	 	
Cash Flows from Operating Activities	  				 				
Net income	  	$	6,429	  	 	$	16,195	  	
(Loss) income from discontinued operations	  	 	(4,661	) 	 	 	2,994	  	
	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	11,090	  	 	 	13,201	  	
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities	  				 				
Depreciation	  	 	11,030	  	 	 	10,185	  	
Amortization	  	 	1,461	  	 	 	1,645	  	
Non-cash stock compensation	  	 	1,593	  	 	 	1,532	  	
Provision for loss on accounts receivable	  	 	550	  	 	 	348	  	
Deferred taxes	  	 	(73	) 	 	 	2,437	  	
Other long-term liabilities	  	 	1,244	  	 	 	2,053	  	
(Gain) loss from asset disposition	  	 	(139	) 	 	 	616	  	
Tax benefit from options	  	 	(658	) 	 	 	(50	) 	
Other	  	 	200	  	 	 	6	  	
Payments on performance based compensation	  	 	(1,293	) 	 	 	(1,718	) 	
Cash flows provided by (used for) working capital:	  				 				
Accounts receivable	  	 	(10,386	) 	 	 	(7,143	) 	
Inventories	  	 	(10,890	) 	 	 	(1,555	) 	
Prepaid expenses	  	 	337	  	 	 	(1,361	) 	
Accounts payable and accrued expenses	  	 	(10,892	) 	 	 	(6,566	) 	
	  	 	 	 	 	 	 	 	
Net cash (used for) provided by operating activities-continuing operations	  	 	(6,826	) 	 	 	13,630	  	
Net cash (used for) provided by operating activities-discontinued operations	  	 	(14,200	) 	 	 	16,507	  	
	  	 	 	 	 	 	 	 	
Net cash (used for) provided by operating activities	  	 	(21,026	) 	 	 	30,137	  	
	  	 	 	 	 	 	 	 	
Cash Flows from Investing Activities	  				 				
Capital expenditures	  	 	(6,971	) 	 	 	(7,296	) 	
Acquisition of business, net of cash acquired	  	 	—	  	 	 	(600	) 	
Proceeds from sale of property, plant and equipment	  	 	85	  	 	 	—  	  	
Other	  	 	—  	  	 	 	(11	) 	
	  	 	 	 	 	 	 	 	
Net cash used for investing activities - continuing operations	  	 	(6,886	) 	 	 	(7,907	) 	
Net cash provided by (used for) investing activities - discontinued operations	  	 	14,531	  	 	 	(2,920	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) investing activities	  	 	7,645	  	 	 	(10,827	) 	
	  	 	 	 	 	 	 	 	
Cash Flows from Financing Activities	  				 				
Proceeds from long-term debt	  	 	89,000	  	 	 	—  	  	
Repayment of long-term debt	  	 	—  	  	 	 	—  	  	
Net borrowing on credit facility	  	 	4,300	  	 	 	5,490	  	
Cash dividends paid	  	 	(7,480	) 	 	 	(3,018	) 	
Proceeds from issuance of common stock	  	 	2,126	  	 	 	3,261	  	
Tax benefit from options	  	 	658	  	 	 	50	  	
Repurchase of common stock	  	 	(44,399	) 	 	 	(3,298	) 	
Shares withheld for employee taxes on equity awards	  	 	(1,083	) 	 	 	(684	) 	
Deferred financing costs	  	 	(538	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	
Net cash provided by financing activities - continuing operations	  	 	42,584	  	 	 	1,801	  	
Net cash used for financing activities - discontinued operations	  	 	—  	  	 	 	(2,317	) 	
	  	 	 	 	 	 	 	 	
Net cash provided by (used for) financing activities	  	 	42,584	  	 	 	(516	) 	
	  	 	 	 	 	 	 	 	
Foreign Exchange Rate Effect on Cash	  	 	50	  	 	 	(484	) 	
	  	 	 	 	 	 	 	 	
Net increase in cash	  	 	29,253	  	 	 	18,310	  	
Cash at January 1	  	 	6,539	  	 	 	3,948	  	
	  	 	 	 	 	 	 	 	
Cash at June 30	  	$	35,792	  	 	$	22,258	  	

*	Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014.	

	

Earnings Presentation
Second Quarter 2014
July 24, 2014
Exhibit 99.2	

	

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	

	

Recent Activities
•
On June 2, 2014, announced that we had engaged William Blair & Company to commence the sale of
our Lawn and Garden Segment
•
Good
progress
has
been
made
in
the
restructuring
of
the
Lawn
and
Garden
Segment
which
makes
timing
of
selling the segment right
•
We are seeing much interest in the segment
•
Not in the best interest for shareholders for us to discuss potential bidders or pricing at this time
•
On June 24, 2014, announced that we had completed the sale of WEK Industries, Inc.
•
Sale price approximately $20 million
•
Sale resulted in a pre-tax gain of $3.7 million
•
On July 2, 2014, completed the acquisition of Scepter expanding our Material Handling Segment to
include new customers, market-leading products, unique technologies and new international
markets and cross-selling opportunities
•
Scepter complements our Material Handling technologies through the use of advanced blow-molding
technology, which requires use of up to six layers of material per fuel container and results in a much
stronger and more efficient product
•
We also announced that starting with the second quarter Form 10-Q and going forward, we will
report operating results in two reportable segments: Material Handling and Distribution
•
Ameri-Kart, which was previously part of the Engineered Products Segment, will be part of the Material
Handling Segment
•
Patch Rubber Company, which was also previously part of the Engineered Products Segment, will be part of
the Distribution Segment
•
WEK Industries, Inc. and the Lawn and Garden Segment will be reported as discontinued operations
3	

	

Second Quarter 2014 Financial Summary
4
•
Sales increase of 2.5% in the
Material Handling Segment
offset by lower sales in the
Distribution Segment due to
the closure of the Distribution
Segment’s Canadian branches
•
Gross profit margin was lower
primarily due to decline in
sales vs. prior year
•
Adjusted net income $7.2
million compared to $7.2
million in the second quarter
of 2013
•
Adjusted EPS $0.22 vs. $0.21
in the second quarter of 2013
Note: All figures except ratios and percents are $Millions
Continuing Operations
Q2
Q2
Highlights
2014
2013
B/(W)
Net sales
$152.8
$153.6
(0.5%)
Gross profit margin
27.8%
29.3%
SG&A
$31.2
$32.4
(3.5%)
Net Income - adjusted ¹
$7.2
$7.2
(1.3%)
Effective tax rate
34.2%
35.6%
EPS - adjusted ¹
$0.22
$0.21
4.8%
¹
See Reconciliation of Non-GAAP measures on slide 10	

	

Second Quarter 2014 Financial Summary
5
Notes: All figures except ratios and percents are $Millions
Free
cash
flow
=
cash
flow
from
operations
–
capital
expenditures
Continuing Operations
Six Months Ended
Six Months Ended
Cash
June 30,
June 30,
Highlights
2014
2013
Cash (used for) provided
by operations
($6.8)
$13.6
Capital expenditures
$7.0
$7.3
Free cash flow
($13.8)
$6.3
Dividends
$7.5
$3.0
Balance Sheet
June 30,
December 31,
Highlights
2014
2013
Long-term debt
$137.7
$44.3
Debt - net of cash
$101.9
$37.8
Net Debt to total capital
34.3%
13.8%	

	

Strong sales in the Agriculture
market partially offset by a
significant slowdown in
Brazilian sales due to World
Cup activities
The lower sales in Brazil due
to World Cup activities
coupled with a competitive
price pressure at one of the
segment’s businesses led to
the decline in adjusted
income before taxes
Q2 Results –
Material Handling
6
$ Millions
See Reconciliation of Non-GAAP measures on slide 10
$100.5
$103.0
$70
$75
$80
$85
$90
$95
$100
$105
Q2 2013
Q2 2014
Net Sales
$13.4
$12.2
$0
$5
$10
$15
Q2 2013
Q2 2014
IBT -
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 the lower custom sales
Q2 Results –
Distribution
7
$ Millions
See Reconciliation of Non-GAAP measures on slide 10
$53.2
$49.8
$35
$40
$45
$50
$55
Q2 2013
Q2 2014
Net Sales
$6.0
$5.4
$0
$1
$2
$3
$4
$5
$6
$7
Q2 2013
Q2 2014
IBT -
Adjusted	

	

Q3 & Full Year 2014 Outlook
Q3 Outlook
•
Material Handling
•
Expect
that
sales
will
increase
primarily
as
a
result
of
organic
growth
and
the
recent
acquisition of Scepter
•
Adjusting cost and pricing structure in one of the segment’s businesses to positively
overcome the pricing pressure that occurred in Q2
•
Distribution
•
Anticipate that sales increases from organic growth, including new product introductions,
will be offset by sales decreases resulting from the closure of the Canadian branches in
the first quarter
•
Addressing higher logistic costs with increased product pricing and better load planning
Second Half & Full Year Outlook
•
Anticipate that both sales and adjusted income from continuing operations will show
improvement vs. last year due to growth strategies, pricing initiatives, cost modifications and
savings and productivity investments
•
The
stronger
second
half
of
the
year
is
also
expected
to
lead
to
improved
results
for
the
full
year
compared
to
last
year,
on
an
adjusted
continuing
operations
basis
8	

	

Appendix
9	

	

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.
Reconciliation of Non-GAAP Measures
10
Note on Reconciliation of Income and Earnings Data:
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.

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 June 30,
Six Months Ended June 30,
2014
2013
2014
2013
Material Handling
Income before income taxes as reported
$
11.5
$
13.4
$
24.3
$
24.8
Restructuring expenses and other adjustments
0.7
—
0.7
0.2
Income before income taxes as adjusted
12.2
13.4
25.0
25.0
Distribution
Income before income taxes as reported
5.1
6.0
8.6
11.3
Restructuring expenses and other adjustments
0.3
—
0.8
0.1
Income before income taxes as adjusted
5.4
6.0
9.4
11.4
Corporate and interest expense
Income (loss) before income taxes as reported
(7.0)
(7.9)
(16.0)
(15.6)
Transaction costs
0.6
—
0.6
—
Income (loss) before income taxes as adjusted
(6.4)
(7.9)
(15.4)
(15.6)
Continuing operations
Income from continuing operations before income taxes as reported
9.6
11.5
16.9
20.5
Restructuring expenses and other adjustments
1.0
—
1.5
0.3
Transaction costs
0.6
—
0.6
—
Income from continuing operations before income taxes as adjusted
11.2
11.5
19.0
20.8
Income tax expense
4.0
4.3
6.8
7.7
Income from continuing operations as adjusted
7.2
7.2
12.2
13.1
Discontinued operations
(Loss) Income from discontinued operations before income taxes
(0.7)
0.5
(6.9)
3.6
Restructuring expenses and other adjustments
3.0
1.4
9.9
1.8
Transaction costs
0.2
—
0.2
—
Gain on sale
(3.7)
—
(3.7)
—
(Loss) Income from discontinued operations before income taxes as adjusted
(1.2)
1.9
(0.5)
5.4
Income tax expense
(0.4)
0.7
(0.2)
2.0
(Loss)
Income from discontinued operations as adjusted
(0.8)
1.2
(0.3)
3.4
Consolidated
Net income as adjusted
$
6.4
$
8.4
$
11.9
$
16.5
Adjusted earnings per diluted share from continuing operations
$
0.22
$
0.21
$
0.36
$
0.39
Adjusted earnings per diluted share from discontinued operations
(0.02)
0.04
(0.01)
0.10
Adjusted earnings per diluted share
$
0.20
$
0.25
$
0.35
$
0.49
 
Income (loss) excluding the items mentioned above in the text of this release and in this reconciliation chart is a non-GAAP 

	

Market Indicators
Material Handling
Source: Material Handling Industry May 2014 Forecast
11
Sources: RVIA Forecasts, May 2014;
FRB G17 Release, May 2014	

	

Market Indicators
Distribution
12
Source: JP Morgan, RMA, Energy Information Administration, May/June 2014