Myers Industries, Inc
Myers Industries is a U.S.-based industrial company organized around two businesses: Material Handling and Distribution. It makes reusable plastic and material-handling products for niche industrial customers and also distributes tire, wheel, and under-vehicle service tools, equipment, and supplies through brands such as Myers Tire Supply, Tuffy Manufacturing, and Mohawk Rubber Sales.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueReusable plastic and industrial products used to store, move, protect, and organize materials.
Tools, equipment, and consumable supplies for tire, wheel, and under-vehicle service work.
Products
Reported · share of revenue- Industrial31.1 %
- Auto Aftermarket24.7 %
- Infrastructure14.3 %
- Vehicle11.0 %
- Consumer9.7 %
- Food and Beverage9.2 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Myers sells to industrial and commercial customers that need durable, reusable products or fast access to tire-service inventory. Its customer base includes tire dealers, mass merchandisers, commercial fleets, truck stops, auto dealerships, retreaders, general repair facilities, and other niche industrial users. The company emphasizes product availability, personal service, and productivity gains for customers with recurring operating needs.
Buy tire, wheel, and under-vehicle service tools and supplies to keep bays productive and stocked.
Purchase service equipment and consumables to maintain vehicles and reduce downtime.
Buy reusable handling and storage products to improve material flow and reduce waste.
Source service tools and supplies for routine tire and under-vehicle maintenance.
Buy distributed tire-service products through Myers Tire Supply International.
Strategy
Myers is focused on improving customer productivity through product innovation, broad assortment, and fast availability, while also lowering cost and waste through reusable solutions. A major current priority is the strategic review and potential sale of the domestic and Central American Myers Tire Supply business, which could reshape the portfolio and simplify the company. Management is also balancing working-capital discipline, capital spending, and debt capacity while navigating tariffs, raw-material inflation, and competitive pressure.
Could reshape the portfolio, reduce complexity, and unlock value if completed.
Supports customer retention in a fragmented, competitive distribution market.
Reusable products and efficient distribution help customers and protect margins.
Geography
Q1/2026Myers serves customers around the world, but its distribution business is anchored in the United States and supported by a strong national footprint. The company also operates in Canada and the United Kingdom, and its international tire-supply business reaches Central America and other foreign markets through branch offices and U.S. export channels. Geography matters because the business depends on domestic service coverage, cross-border sales, and foreign-currency exposure in Canada and the U.K.
Risks
The company faces execution risk around the Myers Tire Supply strategic review, where a sale may not close and the process could distract management or disrupt operations. It is also exposed to raw-material inflation, supply disruption, tariffs, cybersecurity incidents, and competitive pressure from regional distributors and national auto parts chains. Foreign-currency movements in Canada and the U.K., plus goodwill and intangible asset impairment risk, can also affect reported results and balance-sheet values.
- Raw-material cost inflation and supply disruptionImpact: HighLikelihood: High
Material handling products depend on plastics and other inputs that can move sharply in price or availability.
- Goodwill and intangible asset impairmentImpact: HighLikelihood: Medium
Acquisitions and reporting-unit valuations depend on forecasts and market multiples that can change quickly.
- Failure to complete the Myers Tire Supply divestitureImpact: HighLikelihood: Low
The company is actively pursuing a sale, but no transaction is assured and the process may distract management.
Exposure: Domestic and Central American Myers Tire Supply businesses
- Cybersecurity and IT system interruptionImpact: MediumLikelihood: Medium
Operations rely on systems for order processing, inventory, and customer service, so breaches can halt business.
- Foreign exchange exposureImpact: MediumLikelihood: Low
Canada and U.K. operations create currency translation and transaction risk.
Exposure: Canadian and U.K. subsidiaries
Accounting
Judgemental itemsAnnual and interim tests use discounted cash flow and market multiples, so small assumption changes can trigger charges.
Impact: Could materially affect earnings and equity
Asset-group cash flow estimates determine whether acquired intangibles remain recoverable.
Impact: Noncash write-downs may reduce reported profit
Short lead times mean backlog is not a strong long-term indicator, and inventory/receivables swings affect cash flow.
Impact: Quarterly cash flow volatility
Pension termination benefits and acquisition-related expenses have affected the effective tax rate.
Impact: Can distort year-over-year earnings comparisons
Similar listed companies
Publicly listed companies with a comparable business focus.
Monro, Inc
MNRO · Services-Automotive Repair, Services & Parking
Terex Corporation
TEX · Industrial Trucks, Tractors, Trailors & Stackers
Miller Industries, Inc
MLR · Truck & Bus Bodies
Miller Industries designs and manufactures towing and recovery equipment, including car carriers and wreckers, that are mounted on third-party chassis and sold…
The Goodyear Tire & Rubber Company
GT · Tires & Inner Tubes
Goodyear Tire & Rubber is an Ohio-based manufacturer and seller of tires, related mobility products, and service offerings for consumer, commercial, aviation, and specialty applications.
Mercer International Inc
MERC · Pulp Mills
TriMas Corporation
TRS · Metal Forgings & Stampings
TriMas Corp is a U.S.-based industrial manufacturer that designs, develops, and produces engineered products for the consumer products, aerospace and defense, and industrial markets.
Last updated: 24/09/2026