$MYE (+10.2% pre) Can Myers Industries' New $20M Efficiency Plan Offset Mixed Q4 Results? https://t.co/A0yYLPH8qb
$MYE Myers Indus Q4 Adj $0.19 Beats $0.10 Estimate Sales $203.88M Beat $203.10M Estimate
Myers Industries, $MYE, Q4-FY24 Results: 📊 Adj. EPS: $0.19 🟢 💰 Revenue: $203.9M 🟢 🔎 Revenue up 7% YoY, driven by Material Handling segment. New leadership launches $20M cost savings initiative for 2025.
Mistras Group reported its fourth-quarter results, posting an adjusted earnings per share (EPS) of $0.24, surpassing the estimate of $0.13. The company also achieved sales of $172.73 million, exceeding the anticipated $172.43 million. Meanwhile, Myers Industries announced its fourth-quarter and full-year 2024 results, revealing an adjusted EPS of $0.19, which beat the estimate of $0.10. The company recorded sales of $203.9 million, surpassing the expected $203.1 million, and noted a 7% year-over-year revenue increase, primarily driven by its Material Handling segment. Myers Industries is also implementing a $20 million cost savings initiative for 2025 under new leadership.
