(MYE) Myers Industries - Ratings and Ratios

Myers Industries, Inc. (NYSE:MYE) operates as a leading distributor of tire service supplies in Ohio, with a broader presence across North America. The company functions through two core segments: Material Handling and Distribution. The Material Handling segment specializes in manufacturing and distributing plastic and metal products, including pallets, bins, containers, and custom molded items. These products cater to a wide range of industries such as automotive, agriculture, healthcare, and consumer goods under brands like Akro-Mils, Jamco, and Buckhorn. This segment also serves as a key supplier to OEMs and industrial manufacturers, emphasizing storage solutions and durable materials for various applications.

The Distribution segment focuses on the automotive aftermarket, providing tools, equipment, and supplies for tire, wheel, and under-vehicle services. It also manufactures tire repair materials, custom rubber products, and reflective highway marking tapes. This segment serves a diverse customer base, including retail tire dealers, truck fleets, auto dealerships, and government agencies, under brands such as Myers Tire Supply, Tuffy Manufacturing, and Seymoure. The company’s product portfolio is designed to meet the needs of both passenger and heavy-duty vehicle maintenance, positioning it as a critical supplier in the automotive service industry.

Founded in 1933 and headquartered in Akron, Ohio, Myers Industries has established a strong reputation for reliability and innovation in its niche markets. Its strategic focus on quality, customer service, and product customization has allowed it to maintain a competitive edge in both industrial and automotive sectors. The company’s commitment to sustainability and operational efficiency further underscores its long-term growth strategy.