Myers Industries (MYE) Tops Q2 EPS by 4c, Slight Miss on Revenues

Myers Industries (NYSE: MYE) reported Q2 EPS of $0.17, $0.04 better than the analyst estimate of $0.13. Revenue for the quarter came in at $142.3 million versus the consensus estimate of $142.95 million.

2017 Outlook

The Company continues to anticipate that total revenue will be flat on a constant currency basis in fiscal year 2017 as compared to the prior year. Capital expenditures are expected to be in the range of $10 to $12 million, net interest expense in the range of $8 to $9 million, depreciation and amortization in the range of $32 to $34 million, and an effective tax rate (normalized) of approximately 36%.

For earnings history and earnings-related data on Myers Industries (MYE) click here.

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