Myers Historical Income Statement

MYE Stock  USD 23.22  0.10  0.43%   
Historical analysis of Myers Industries income statement accounts such as Gross Profit of 175.8 M can show how well Myers Industries performed in making a profits. Evaluating Myers Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Myers Industries's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Myers Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Myers Industries is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.

About Myers Income Statement Analysis

Myers Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Myers Industries shareholders. The income statement also shows Myers investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Myers Industries Income Statement Chart

Myers Industries Income Statement is one of the three primary financial statements used for reporting Myers's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Myers Industries revenue and expense. Myers Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Myers Industries' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 69.4 M, whereas Gross Profit is forecasted to decline to about 175.8 M.

Total Revenue

Total revenue comprises all receipts Myers Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Myers Industries minus its cost of goods sold. It is profit before Myers Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Myers Industries. It is also known as Myers Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Myers Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Myers Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Myers Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Myers Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.At present, Myers Industries' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 69.4 M, whereas Gross Profit is forecasted to decline to about 175.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense4.2M5.7M6.3M7.2M
Depreciation And Amortization19.5M20.5M22.8M26.0M

Myers Industries income statement Correlations

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0.450.330.960.940.810.820.910.920.950.69-0.340.630.790.55-0.390.530.040.370.55-0.020.24-0.370.31
0.610.351.00.940.670.680.851.00.950.55-0.320.470.690.41-0.20.360.240.120.350.170.03-0.150.17
0.020.020.730.810.670.990.910.680.60.9-0.260.860.930.62-0.470.91-0.110.380.880.060.27-0.550.37
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0.420.30.880.910.850.910.930.850.780.8-0.460.740.90.51-0.310.670.140.280.680.090.09-0.360.31
0.610.330.990.921.00.680.690.850.920.56-0.310.470.70.4-0.170.380.270.060.360.23-0.01-0.130.16
0.590.420.940.950.950.60.610.780.920.48-0.30.420.590.44-0.290.270.090.30.29-0.060.2-0.230.22
-0.050.010.610.690.550.90.910.80.560.48-0.260.960.890.79-0.590.88-0.190.450.860.070.26-0.730.51
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-0.12-0.110.530.630.470.860.870.740.470.420.96-0.260.860.76-0.560.88-0.270.570.860.080.31-0.750.48
0.13-0.030.740.790.690.930.940.90.70.590.89-0.310.860.58-0.330.830.090.290.760.160.13-0.460.39
-0.190.180.450.550.410.620.640.510.40.440.79-0.270.760.58-0.890.64-0.350.560.72-0.010.26-0.760.71
0.36-0.2-0.23-0.39-0.2-0.47-0.49-0.31-0.17-0.29-0.590.24-0.56-0.33-0.89-0.50.51-0.7-0.660.31-0.510.83-0.57
-0.36-0.290.430.530.360.910.890.670.380.270.88-0.050.880.830.64-0.5-0.280.350.930.140.28-0.60.39
0.520.220.210.040.24-0.11-0.060.140.270.09-0.19-0.45-0.270.09-0.350.51-0.28-0.55-0.250.37-0.560.53-0.23
-0.20.120.150.370.120.380.40.280.060.30.45-0.340.570.290.56-0.70.35-0.550.5-0.450.71-0.790.35
-0.32-0.060.420.550.350.880.880.680.360.290.86-0.330.860.760.72-0.660.93-0.250.50.070.3-0.690.41
0.13-0.050.16-0.020.170.060.040.090.23-0.060.07-0.140.080.16-0.010.310.140.37-0.450.07-0.710.43-0.01
-0.36-0.270.060.240.030.270.250.09-0.010.20.260.170.310.130.26-0.510.28-0.560.710.3-0.71-0.730.01
0.380.07-0.2-0.37-0.15-0.55-0.56-0.36-0.13-0.23-0.730.13-0.75-0.46-0.760.83-0.60.53-0.79-0.690.43-0.73-0.45
-0.110.180.20.310.170.370.390.310.160.220.51-0.20.480.390.71-0.570.39-0.230.350.41-0.010.01-0.45
Click cells to compare fundamentals

Myers Industries Account Relationship Matchups

Myers Industries income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization24.5M20.9M19.5M20.5M22.8M26.0M
Interest Expense4.1M4.7M4.2M5.7M6.3M7.2M
Total Revenue515.7M510.4M761.4M899.5M813.1M586.0M
Gross Profit171.3M172.0M211.4M283.4M259.1M175.8M
Other Operating Expenses477.5M456.8M713.5M816.3M740.9M547.5M
Operating Income37.3M53.6M49.3M83.9M72.2M36.1M
Ebit37.3M53.6M49.3M83.9M72.2M39.5M
Ebitda61.8M74.5M68.8M104.5M95.0M65.4M
Cost Of Revenue344.4M338.4M550.0M616.2M554.0M410.2M
Total Operating Expenses133.1M118.4M163.5M200.1M186.9M137.3M
Income Before Tax33.2M48.9M45.1M78.2M66.1M69.4M
Total Other Income Expense Net(4.1M)(4.7M)(4.2M)(5.7M)(6.2M)(6.5M)
Net Income24.3M36.8M33.5M60.3M48.9M51.3M
Income Tax Expense9.0M12.1M11.6M17.9M17.2M11.2M
Selling General Administrative76.8M74.0M153.1M186.4M195.6M205.3M
Net Income Applicable To Common Shares24.3M36.8M33.5M60.3M69.3M72.8M
Selling And Marketing Expenses56.4M56.3M10.4M13.1M11.8M11.2M
Net Income From Continuing Ops24.2M36.8M33.5M60.3M49.8M27.0M
Tax Provision9.0M12.1M11.6M17.9M14.4M10.7M
Interest Income808K209K4.2M5.7M5.2M5.4M
Net Interest Income(4.1M)(4.7M)(4.2M)(5.7M)(6.6M)(7.0M)
Reconciled Depreciation23.6M20.9M20.9M21.2M22.5M18.8M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Myers Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Myers Industries' short interest history, or implied volatility extrapolated from Myers Industries options trading.

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When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Myers Industries' price analysis, check to measure Myers Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.06)
Dividend Share
0.54
Earnings Share
1.32
Revenue Per Share
22.128
Quarterly Revenue Growth
(0.10)
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.