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) April 19, 2012

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 April 19, 2012, Myers Industries, Inc. (the “Company”) issued a press release announcing earnings results for the quarter ended March 31, 2012. 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 April 19, 2012 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 exhibits) 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 dated April 19, 2012	
        99.2	 	Earnings Presentation First Quarter 2012 by the Company dated April 19, 2012	

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 April 19, 2012     	 		 	By:	 	  /s/ Donald A. Merril	
	 		 		 	Donald A. Merril	
	 		 		 	Senior Vice President, Chief Financial Officer
and Corporate Secretary	

Exhibit 99.1

	  	News Release
NYSE: MYE	
Contact(s):
Donald A. Merril, Senior Vice President
& Chief Financial Officer (330) 761-6303
Monica Vinay, Director, Investor
& Financial Relations (330) 761-6212
Myers Industries Reports 2012 First Quarter Results
EPS $0.29 compared with $0.19 in 1Q 2011
Adjusted EPS $0.30 compared with $0.20 in 1Q 2011
Gross margin increased to 29.2% versus 27.7% for 1Q 2011
Operations Excellence initiatives continue to have a strong impact on results
April 19, 2012, Akron, Ohio – Myers Industries, Inc. (NYSE: MYE) today announced results for the first quarter ended March 31, 2012.
Net sales for the first quarter were $198.8 million compared to $195.5 million in the first quarter of 2011. Sales increases in the Distribution and Engineered Products Segments were partially offset by sales decreases in the Material Handling and Lawn & Garden Segments, resulting in a net increase in sales of 1.7%. Gross margin expanded to 29.2% in the first quarter of 2012 compared to 27.7% in the same quarter of 2011. The expansion was largely the result of the Company’s continued focus on operations excellence initiatives combined with a favorable product mix during the quarter.
Net income in the first quarter of 2012 was $10.0 million or $0.29 per diluted share compared to net income in the first quarter of 2011 of $6.7 million or $0.19 per diluted share. Net income in the first quarter of 2012 and in the first quarter of 2011 included approximately $0.6 million of special pre-tax costs. Details regarding the special pre-tax costs for both quarters are provided on the Reconciliation of Non-GAAP Financial Measures included in this release. Adjusting for these special items, earnings per diluted share were $0.30 in the first quarter of 2012 compared to $0.20 in the first quarter of 2011.
“Again in the first quarter, Myers Industries delivered improved performance as we have for the last six quarters. This operational and financial consistency is a result of our continued emphasis on Customer Dedication, Innovation, Operations Excellence and Organization Development in our business,” said President and Chief Executive Officer John C. Orr.
Segment Results
The results below are as adjusted and exclude special pre-tax costs as detailed on the Reconciliation of Non-GAAP Financial Measures included in this release.
The Material Handling Segment’s net sales in the first quarter of 2012 were $65.2 million compared to $65.7 million in the first quarter of 2011. Increased sales in the food processing and agricultural markets were offset by lower sales in the manufacturing and automotive markets. Material Handling’s income before taxes was $13.2 million in the first quarter of 2012 compared to $10.3 million in the first quarter of 2011. Lower manufacturing costs resulting from the Company’s operations excellence initiatives as well as a favorable product and customer mix were the largest contributors to the 28.2% increase in income before taxes.

The Lawn & Garden Segment’s net sales in the first quarter of 2012 decreased to $59.2 million as compared to $67.2 million in the first quarter of 2011. Sales performance in the first quarter was adversely affected by the acceleration of sales into the fourth quarter of 2011. There were also unusually high customer inventories during the first quarter due to the weak spring season in 2011. Lawn & Garden’s income before taxes in the first quarter of 2012 was $1.2 million compared to $3.9 million in the first quarter of 2011. Decreased income due to the lower sales volume was only partially offset by cost reductions generated from the continued execution of the segment’s profit improvement plan.
The Distribution Segment’s net sales were $42.7 million in the first quarter of 2012 compared to $41.6 million in the first quarter of 2011, an increase of 2.7%. New product and customer sales and services resulting from the Company’s growth and innovation initiative more than offset an overall market decline and a decrease in equipment sales during the quarter. Distribution’s income before taxes was $3.9 million in the first quarter of 2012 compared to $3.3 million in the first quarter of 2011. The increase in income before taxes reflected a favorable product mix in addition to the increased sales.
The Engineered Products Segment’s net sales were $37.2 million in the first quarter of 2012 compared to $27.9 million in the first quarter of 2011. Very strong sales in the transplant auto, marine and custom markets generated the 33.3% increase in sales year-over-year. Engineered Product’s income before taxes was $4.7 million in the first quarter of 2012 compared to $2.9 million in the first quarter of 2011. Increased sales and favorable product mix produced increased income before taxes during the quarter.
Cash Flow
Cash flow used for operations for the three months ended March 31, 2012 was $6.4 million compared to $0.4 million in the first quarter of 2011. As is customary in the first quarter, the Company’s line of credit was used to fund the seasonal buildup of working capital.
Other Financial Items
Capital expenditures totaled $3.1 million for the three months ended March 31, 2012 and are forecasted to be approximately $30 million in 2012.
At March 31, 2012, debt, net of cash, was $76.9 million compared to $67.2 million at December 31, 2011.
Second Quarter and Full Year 2012 Outlook
Although a temporary slowing of sales in the Material Handling Segment is anticipated during the second quarter, the Company believes that with a strong start to the year, 2012 full-year results will reflect continued solid performance.
Conference Call Details
The Company will host an earnings conference call and webcast including a slide presentation for investors and analysts on Thursday, April 19, 2012 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 and the accompanying slide presentation. 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 passcodes are: Account # 286; Conference ID # 392265.
 
Page 2 of 7

About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry in the U.S. The Company reported net sales from continuing operations of $755.7 million in 2011. Visit www.myersindustries.com to learn more, or visit www.facebook.com/myersindustries to connect with the Company’s social community.
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; future economic and financial conditions in the United States and around the world; ability to weather the current economic downturn; 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 Business Evolution process; 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.
 
Page 3 of 7

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2012 AND 2011
(Dollars in thousands, except per share data)

 	  	For The Three Months Ended	 	
 	  	March 31, 2012	 	  	March 31, 2011	 	
Net sales	  	$	198,789	  	  	$	195,507	  	
Cost of sales	  	 	140,791	  	  	 	141,416	  	
	  	 	 	 	  	 	 	 	
Gross Profit	  	 	57,998	  	  	 	54,091	  	
Selling, general and administrative expenses	  	 	40,881	  	  	 	41,723	  	
	  	 	 	 	  	 	 	 	
Operating Income	  	 	17,117	  	  	 	12,368	  	
Interest expense, net	  	 	1,081	  	  	 	1,237	  	
	  	 	 	 	  	 	 	 	
Income before income taxes	  	 	16,036	  	  	 	11,131	  	
Income tax expense	  	 	6,051	  	  	 	4,412	  	
	  	 	 	 	  	 	 	 	
Net Income	  	$	9,985	  	  	$	6,719	  	

Income Per Share	  				  				
Basic	  	$	0.30	  	  	$	0.19	  	
Diluted	  	$	0.29	  	  	$	0.19	  	
Weighted Average Common Shares Outstanding	  				  				
Basic	  	 	33,439,012	  	  	 	35,320,589	  	
Diluted	  	 	33,912,165	  	  	 	35,450,623	  	
MYERS INDUSTRIES, INC.
SALES AND EARNINGS BY SEGMENT (UNAUDITED)
(Dollars in thousands)

 	  	Three Months Ended March 31,	 	
 	  	2012	 	 	2011	 	 	% Change	 	
Net Sales	  				 				 				
Material Handling	  	$	65,221	  	 	$	65,730	  	 	 	-0.8	% 	
Lawn & Garden	  	 	59,184	  	 	 	67,154	  	 	 	-11.9	% 	
Distribution	  	 	42,738	  	 	 	41,634	  	 	 	2.7	% 	
Engineered Products	  	 	37,227	  	 	 	27,925	  	 	 	33.3	% 	
Intercompany Sales	  	 	(5,581	) 	 	 	(6,936	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	198,789	  	 	$	195,507	  	 	 	1.7	% 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Income (Loss) Before Income Taxes	  				 				 				
Material Handling	  	$	13,150	  	 	$	10,261	  	 	 	28.2	% 	
Lawn & Garden	  	 	1,218	  	 	 	3,878	  	 	 	-68.6	% 	
Distribution	  	 	3,511	  	 	 	3,072	  	 	 	14.3	% 	
Engineered Products	  	 	4,591	  	 	 	2,789	  	 	 	64.6	% 	
Corporate	  	 	(6,434	) 	 	 	(8,869	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	16,036	  	 	$	11,131	  	 	 	44.1	% 	

Page 4 of 7

MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED)
(Dollars in millions)

 	  	Quarter Ended
March 31,	 	
 	  	2012	 	 	2011	 	
Material Handling	  				 				
Income before taxes as reported	  	$	13.2	  	 	$	10.3	  	
Income before taxes as adjusted	  	 	13.2	  	 	 	10.3	  	
			
Lawn & Garden	  				 				
Income before taxes as reported	  	 	1.2	  	 	 	3.9	  	
Income before taxes as adjusted	  	 	1.2	  	 	 	3.9	  	
			
Distribution	  				 				
Income before taxes as reported	  	 	3.5	  	 	 	3.1	  	
Restructuring expenses	  	 	0.4	  	 	 	0.2	  	
	  	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	3.9	  	 	 	3.3	  	
			
Engineered Products	  				 				
Income before taxes as reported	  	 	4.6	  	 	 	2.8	  	
Restructuring expenses	  	 	0.1	  	 	 	0.1	  	
	  	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	4.7	  	 	 	2.9	  	
			
Corporate and interest expense	  				 				
Income (loss) before taxes as reported	  	 	(6.5	) 	 	 	(9.0	) 	
Restructuring and other adjustments	  	 	0.1	  	 	 	0.3	  	
	  	 	 	 	 	 	 	 	
Income (loss) before taxes as adjusted	  	 	(6.4	) 	 	 	(8.7	) 	
			
Consolidated	  				 				
Income before taxes as reported	  	 	16.0	  	 	 	11.1	  	
Restructuring expenses and other adjustments	  	 	0.6	  	 	 	0.6	  	
	  	 	 	 	 	 	 	 	
Income before taxes as adjusted	  	 	16.6	  	 	 	11.7	  	
Income taxes at 39%	  	 	6.5	  	 	 	4.6	  	
	  	 	 	 	 	 	 	 	
Net Income as adjusted	  	$	10.1	  	 	$	7.1	  	
	  	 	 	 	 	 	 	 	
Note: Numbers in the Corporate and interest expense section above 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 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 operational 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 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.
 
Page 5 of 7

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

 	  	March 31,
2012	 	  	December 31,
2011	 	
Assets	  				  				
Current Assets	  				  				
Cash	  	$	3,296	  	  	$	6,801	  	
Accounts Receivable, Net	  	 	114,786	  	  	 	105,830	  	
Inventories	  	 	102,901	  	  	 	95,217	  	
Other	  	 	12,393	  	  	 	10,604	  	
	  	 	 	 	  	 	 	 	
Total Current Assets	  	 	233,376	  	  	 	218,452	  	
Other Assets	  	 	68,929	  	  	 	69,371	  	
Property, Plant, & Equipment	  	 	136,013	  	  	 	140,934	  	
	  	 	 	 	  	 	 	 	
Total Assets	  	$	438,318	  	  	$	428,757	  	
	  	 	 	 	  	 	 	 	
Liabilities & Shareholders' Equity	  				  				
Current Liabilities	  				  				
Accounts Payable	  	$	58,846	  	  	$	64,717	  	
Accrued Expenses	  	 	44,161	  	  	 	45,939	  	
	  	 	 	 	  	 	 	 	
Total Current Liabilities	  	 	103,007	  	  	 	110,656	  	
Long-Term Debt, less current portion	  	 	79,845	  	  	 	73,725	  	
Deferred Income Taxes	  	 	23,984	  	  	 	23,893	  	
Other Liabilities	  	 	14,929	  	  	 	14,343	  	
Shareholders' Equity	  	 	216,553	  	  	 	206,140	  	
	  	 	 	 	  	 	 	 	
Total Liabilities & Shareholders' Equity	  	$	438,318	  	  	$	428,757	  	

Page 6 of 7

MYERS INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2012 and 2011
(Dollars in thousands)

 	  	Three Months Ended March 31,	 	
 	  	2012	 	 	2011	 	
Cash Flows From Operating Activities	  				 				
Net income	  	$	9,985	  	 	$	6,719	  	
Items not affecting use of cash:	  				 				
Depreciation	  	 	7,545	  	 	 	8,007	  	
Impairment charges and asset write-offs	  	 	-0	- 	 	 	252	  	
Amortization of other intangible assets	  	 	757	  	 	 	736	  	
Non-cash stock compensation	  	 	667	  	 	 	636	  	
(Recovery of) provision for loss on accounts receivable	  	 	(627	) 	 	 	1,643	  	
Deferred taxes	  	 	(32	) 	 	 	(40	) 	
Other long-term liabilities	  	 	586	  	 	 	848	  	
Gain on sale of property, plant and equipment	  	 	(224	) 	 	 	-0	- 	
Other	  	 	50	  	 	 	50	  	
Cash flow provided by (used for) working capital:	  				 				
Accounts receivable	  	 	(7,679	) 	 	 	(18,350	) 	
Inventories	  	 	(7,089	) 	 	 	(8,026	) 	
Prepaid expenses	  	 	(1,726	) 	 	 	2,120	  	
Accounts payable and accrued expenses	  	 	(8,623	) 	 	 	4,997	  	
	  	 	 	 	 	 	 	 	
Net cash used for operating activities	  	 	(6,410	) 	 	 	(408	) 	
	  	 	 	 	 	 	 	 	
Cash Flows From Investing Activities	  				 				
Capital Expenditures	  	 	(3,138	) 	 	 	(2,540	) 	
Proceeds from sale of property, plant and equipment	  	 	1,332	  	 	 	-0	- 	
Other	  	 	(3	) 	 	 	857	  	
	  	 	 	 	 	 	 	 	
Net cash used for investing activities	  	 	(1,809	) 	 	 	(1,683	) 	
Cash Flows From Financing Activities	  				 				
Repayment of long term debt	  	 	(305	) 	 	 	-0	- 	
Net borrowing on credit facility	  	 	6,262	  	 	 	6,577	  	
Cash dividends paid	  	 	(2,316	) 	 	 	(2,270	) 	
Proceeds from issuance of common stock	  	 	397	  	 	 	31	  	
	  	 	 	 	 	 	 	 	
Net cash provided by financing activities	  	 	4,038	  	 	 	4,338	  	
	  	 	 	 	 	 	 	 	
Foreign Exchange Rate Effect on Cash	  	 	676	  	 	 	101	  	
	  	 	 	 	 	 	 	 	
Net (decrease) increase in cash	  	 	(3,505	) 	 	 	2,348	  	
Cash at January 1	  	 	6,801	  	 	 	4,705	  	
	  	 	 	 	 	 	 	 	
Cash at March 31	  	$	3,296	  	 	$	7,053	  	

Page 7 of 7

	

April 19, 2012
Earnings Presentation
First Quarter 2012
First Quarter 2012
Myers
Industries,
Inc.
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.
2
Safe Harbor Statement	

	

3
*See reconciliation of Non-GAAP measures
on slide 11.
Q1 2012 Highlights
$0.19
$0.29
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
Q1 2011
Q1 2012
Earnings Per Share
$0.20
$0.30
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
Q1 2011
Q1 2012
Earnings Per Diluted
Share -
Adjusted*	

	

4
P&L  
Q1
Q1
Highlights
2012
2011
B/(W)
Net sales
$198.8
$195.5
1.7%
Gross
margin
29.2%
27.7%
5.4%
SG&A
$40.9
$41.7
1.9%
Net
income -
adjusted*
$10.1
$7.1
42.3%
Effective
tax rate
37.7%
39.6%
EPS -
adjusted*
$0.30
$0.20
50.0%
Cash &
Q1
Q1
B/S Highlights
2012
2011
Operating cash
flow
($6.4)
($0.4)
Capital
expenditures
$3.1
$2.5
Dividends
$2.3
$2.3
Debt -            
net of cash
$76.9
$67.2
2012 Q1 Financial Summary	

	

Q1 Results
Soft sales in less profitable
manufacturing and automotive
markets
Favorable customer and product mix
from sales to agricultural and food
processing markets
Operations Excellence initiatives
including use of alternative materials
and productivity improvements
generated cost savings
Segment Commentary
MHEM index currently estimating
single digit growth in 2012
Anticipate soft sales in Q2 compared
to last year due to a delay in the
timing of orders
5
Segment Review –
Material Handling
$65.7
$65.2
$63
$66
Q1 2011
Q1 2012
Net Sales
$10.3
$13.2
$0
$2
$4
$6
$8
$10
$12
$14
Q1 2011
Q1 2012
EBIT -
Adjusted	

	

6
Segment Review –
Lawn & Garden
$67.2
$59.2
$54
$57
$60
$63
$66
$69
Q1 2011
Q1 2012
Net Sales
$3.9
$1.2
$0
$2
$4
$6
Q1 2011
Q1 2012
EBIT -
Adjusted
Q1 Results

Sales soft in Q1 as result of the 
acceleration of orders into Q4 of 
2011 and high customer inventory 
levels in Q1 of 2012

Decrease was  partially offset 
through profit improvement plan 
and operations excellence 
initiatives
Segment Commentary

Seeing a strengthening in the 
market beginning in Q2 due 
to favorable weather	

	

7
Segment Review –
Distribution
$41.6
$42.7
$39
$42
$45
Q1 2011
Q1 2012
Net Sales
$3.3
$3.9
$2
$4
Q1 2011
Q1 2012
EBIT -
Adjusted	

	

8
$27.9
$37.2
$0
$5
$10
$15
$20
$25
$30
$35
$40
Q1 2011
Q1 2012
Net Sales
$2.9
$4.7
$0
$2
$4
$6
Q1 2011
Q1 2012
EBIT -
Adjusted
Segment Review –
Engineered Products	

	

9
Outlook

Strong start and consistent execution of strategic principles
should lead to solid performance in 2012

Timing of food processing and agricultural orders may shift
demand to the second half of the year in Material Handling

Beginning in Q2, favorable weather should strengthen the
market in Lawn & Garden

Anticipate combating continued headwinds in Distribution
due to higher fuel prices which drive down miles driven and
replacement tire sales

Continued strength in the marine market as boat builders
switch to our EPA approved fuel tank in Engineered Products

Return to more normal demand in transplant auto and
custom markets in Engineered Products by the end of Q2

	

Appendix	

	

11
2012
2011
Material Handling
Income before taxes as reported
13.2
$   
10.3
$   
Income before taxes as adjusted
13.2
10.3
Lawn & Garden
Income before taxes as reported
1.2
3.9
Income before taxes as adjusted
1.2
3.9
Distribution
Income before taxes as reported
3.5
3.1
Restructuring expenses
0.4
0.2
Income before taxes as adjusted
3.9
3.3
Engineered Products
Income before taxes as reported
4.6
2.8
Restructuring expenses
0.1
0.1
Income before taxes as adjusted
4.7
2.9
Corporate and interest expense
Income (loss) before taxes as reported
(6.5)
(9.0)
Restructuring and other adjustments
0.1
0.3
Income (loss) before taxes as adjusted
(6.4)
(8.7)
Consolidated
Income before taxes as reported
16.0
11.1
Restructuring expenses and other adjustments
0.6
0.6
Income before taxes as adjusted
16.6
11.7
Income taxes at 39%
6.5
4.6
Net Income as adjusted
10.1
$   
7.1
$    
Note: Numbers in the Corporate and interest expense section above may be rounded for presentation purposes.
MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Quarter Ended
March 31,
INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED)
(Dollars in millions)
Reconciliation of Non-GAAP Measures