Filing Flows › Myers Industries (MYE) › Q1 2025
Myers Industries (MYE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Myers Industries (MYE) reported revenue of $207M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier and +1% from the quarter before. Operating margin was 8.3%, net earnings $6.8M (3.3% of revenue).
Myers Industries, Q1 2025: revenue $207M (-0.2% year over year), operating margin 8.3%, net earnings $6.8M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | +1% | -0.2% |
| Gross profit | $69.1M | +5% | +7% |
| Operating profit | $17.2M | +18% | +58% |
| Net earnings | $6.8M | +58% | +94% |
| Operating cash flow | $10.1M | -63% | -50% |
| Free cash flow | $2.0M | — | -86% |
What changed
Revenue was $206.8M in Q1 2025, roughly flat year over year and up 1% from the previous quarter.
Gross margin was 33.4%, up 2.4 points from a year earlier. Operating profit was $17.2M, a 8.3% margin (up 3.1 points year over year). Operating expenses fell 3% while revenue was flat. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $6.8M, up 94% year over year. The effective tax rate was 26.5%.
Operating cash flow was $10.1M (down 50% year over year), 149% of net earnings. Non-cash charges added back $4.5M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $2.2M. After capital expenditures ($8.1M), free cash flow as the company reports it was $2.0M.
Questions
What was Myers Industries' revenue in the first quarter 2025?
Myers Industries (MYE) reported revenue of $207M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier and +1% from the quarter before.
Was Myers Industries profitable in the first quarter 2025?
Operating profit was $17.2M (8.3% of revenue) and net earnings $6.8M.
Source: Myers Industries 10-Q on SEC EDGAR.