Myers Historical Income Statement

MYE Stock

USD 11.45 0.20 1.78%

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.

Net Income Gross Profit

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 closely tied 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

At present, Myers Industries' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 76 M, whereas Gross Profit is forecasted to decline to about 175.8 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Net Income Applicable To Common Shares

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.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

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 closely tied 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 Operating Income is expected to grow to about 76 M, whereas Gross Profit is forecasted to decline to about 175.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.2M	5.7M	6.3M	7.2M
Depreciation And Amortization	20.9M	21.2M	22.8M	26.0M

Interest Expense Depreciation And Amortization

Myers Industries income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other
Depreciation And Amortization		0.65	0.6	0.47	0.64	0.03	0.16	0.51	0.63	0.61	-0.04	-0.41	-0.11	0.14	-0.2	0.33	-0.34	0.52	-0.19	-0.31	0.13	-0.35	0.36	-0.11
Interest Expense	0.65		0.33	0.33	0.35	0.1	0.14	0.36	0.33	0.42	0.01	-0.66	-0.11	-0.03	0.07	-0.21	-0.29	0.22	0.12	-0.06	-0.05	-0.27	0.07	0.18
Total Revenue	0.6	0.33		0.96	1.0	0.64	0.75	0.87	0.99	0.94	0.61	-0.33	0.53	0.74	0.58	-0.23	0.43	0.21	0.15	0.42	0.16	0.06	-0.2	0.2
Gross Profit	0.47	0.33	0.96		0.94	0.72	0.82	0.89	0.92	0.95	0.69	-0.35	0.63	0.79	0.69	-0.39	0.53	0.04	0.37	0.55	-0.02	0.24	-0.37	0.31
Other Operating Expenses	0.64	0.35	1.0	0.94		0.58	0.7	0.84	1.0	0.95	0.55	-0.32	0.47	0.69	0.54	-0.2	0.36	0.24	0.12	0.35	0.17	0.03	-0.15	0.17
Operating Income	0.03	0.1	0.64	0.72	0.58		0.86	0.76	0.59	0.52	1.0	-0.32	0.94	0.89	0.68	-0.63	0.85	-0.18	0.45	0.85	0.06	0.24	-0.72	0.53
Ebit	0.16	0.14	0.75	0.82	0.7	0.86		0.93	0.7	0.64	0.85	-0.35	0.8	0.91	0.73	-0.41	0.82	0.02	0.27	0.8	0.17	0.05	-0.39	0.44
Ebitda	0.51	0.36	0.87	0.89	0.84	0.76	0.93		0.84	0.78	0.73	-0.46	0.66	0.85	0.56	-0.24	0.59	0.2	0.17	0.59	0.19	-0.08	-0.21	0.34
Cost Of Revenue	0.63	0.33	0.99	0.92	1.0	0.59	0.7	0.84		0.92	0.56	-0.32	0.47	0.7	0.52	-0.17	0.38	0.27	0.06	0.36	0.23	-0.01	-0.13	0.16
Total Operating Expenses	0.61	0.42	0.94	0.95	0.95	0.52	0.64	0.78	0.92		0.48	-0.3	0.42	0.59	0.56	-0.28	0.27	0.09	0.3	0.29	-0.06	0.2	-0.23	0.22
Income Before Tax	-0.04	0.01	0.61	0.69	0.55	1.0	0.85	0.73	0.56	0.48		-0.27	0.96	0.89	0.68	-0.61	0.88	-0.19	0.45	0.86	0.07	0.26	-0.73	0.51
Total Other Income Expense Net	-0.41	-0.66	-0.33	-0.35	-0.32	-0.32	-0.35	-0.46	-0.32	-0.3	-0.27		-0.27	-0.31	-0.22	0.26	-0.06	-0.44	-0.35	-0.33	-0.14	0.17	0.14	-0.22
Net Income	-0.11	-0.11	0.53	0.63	0.47	0.94	0.8	0.66	0.47	0.42	0.96	-0.27		0.86	0.66	-0.58	0.88	-0.27	0.57	0.86	0.08	0.31	-0.75	0.48
Income Tax Expense	0.14	-0.03	0.74	0.79	0.69	0.89	0.91	0.85	0.7	0.59	0.89	-0.31	0.86		0.64	-0.35	0.83	0.09	0.29	0.76	0.16	0.13	-0.46	0.39
Selling General Administrative	-0.2	0.07	0.58	0.69	0.54	0.68	0.73	0.56	0.52	0.56	0.68	-0.22	0.66	0.64		-0.78	0.74	-0.3	0.51	0.79	-0.02	0.34	-0.57	0.52
Selling And Marketing Expenses	0.33	-0.21	-0.23	-0.39	-0.2	-0.63	-0.41	-0.24	-0.17	-0.28	-0.61	0.26	-0.58	-0.35	-0.78		-0.5	0.5	-0.69	-0.65	0.28	-0.47	0.83	-0.65
Net Income From Continuing Ops	-0.34	-0.29	0.43	0.53	0.36	0.85	0.82	0.59	0.38	0.27	0.88	-0.06	0.88	0.83	0.74	-0.5		-0.28	0.35	0.93	0.14	0.28	-0.6	0.39
Non Recurring	0.52	0.22	0.21	0.04	0.24	-0.18	0.02	0.2	0.27	0.09	-0.19	-0.44	-0.27	0.09	-0.3	0.5	-0.28		-0.55	-0.25	0.37	-0.56	0.53	-0.23
Discontinued Operations	-0.19	0.12	0.15	0.37	0.12	0.45	0.27	0.17	0.06	0.3	0.45	-0.35	0.57	0.29	0.51	-0.69	0.35	-0.55		0.5	-0.45	0.71	-0.79	0.35
Tax Provision	-0.31	-0.06	0.42	0.55	0.35	0.85	0.8	0.59	0.36	0.29	0.86	-0.33	0.86	0.76	0.79	-0.65	0.93	-0.25	0.5		0.07	0.3	-0.69	0.41
Interest Income	0.13	-0.05	0.16	-0.02	0.17	0.06	0.17	0.19	0.23	-0.06	0.07	-0.14	0.08	0.16	-0.02	0.28	0.14	0.37	-0.45	0.07		-0.71	0.43	-0.01
Net Interest Income	-0.35	-0.27	0.06	0.24	0.03	0.24	0.05	-0.08	-0.01	0.2	0.26	0.17	0.31	0.13	0.34	-0.47	0.28	-0.56	0.71	0.3	-0.71		-0.73	0.01
Reconciled Depreciation	0.36	0.07	-0.2	-0.37	-0.15	-0.72	-0.39	-0.21	-0.13	-0.23	-0.73	0.14	-0.75	-0.46	-0.57	0.83	-0.6	0.53	-0.79	-0.69	0.43	-0.73		-0.45
Non Operating Income Net Other	-0.11	0.18	0.2	0.31	0.17	0.53	0.44	0.34	0.16	0.22	0.51	-0.22	0.48	0.39	0.52	-0.65	0.39	-0.23	0.35	0.41	-0.01	0.01	-0.45

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Myers Industries Account Relationship Matchups

Myers Industries income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	24.5M	20.9M	20.9M	21.2M	22.8M	26.0M
Interest Expense	4.1M	4.7M	4.2M	5.7M	6.3M	7.2M
Total Revenue	515.7M	510.4M	761.4M	899.5M	813.1M	586.0M
Gross Profit	171.3M	172.0M	211.4M	283.4M	259.1M	175.8M
Other Operating Expenses	477.5M	456.8M	713.5M	816.3M	740.9M	547.5M
Operating Income	37.3M	53.6M	49.3M	83.9M	72.4M	76.0M
Ebit	37.3M	32.6M	28.4M	83.9M	72.4M	38.3M
Ebitda	61.8M	53.6M	49.3M	105.2M	95.2M	64.3M
Cost Of Revenue	344.4M	338.4M	550.0M	616.2M	554.0M	410.2M
Total Operating Expenses	133.1M	118.4M	163.5M	200.1M	186.9M	137.3M
Income Before Tax	33.2M	48.9M	45.1M	78.2M	66.1M	69.4M
Total Other Income Expense Net	(4.1M)	(4.7M)	(4.2M)	(5.7M)	(6.3M)	(6.7M)
Net Income	24.3M	36.8M	33.5M	60.3M	48.9M	51.3M
Income Tax Expense	9.0M	12.1M	11.6M	17.9M	17.2M	11.2M
Selling General Administrative	76.8M	74.0M	153.1M	186.4M	186.1M	93.9M
Net Income Applicable To Common Shares	24.3M	36.8M	33.5M	60.3M	69.3M	72.8M
Selling And Marketing Expenses	56.4M	56.3M	10.4M	13.1M	800K	760K
Net Income From Continuing Ops	24.2M	36.8M	33.5M	60.3M	49.8M	27.0M
Tax Provision	9.0M	12.1M	11.6M	17.9M	14.4M	10.7M
Interest Income	808K	209K	4.2M	5.7M	5.2M	5.4M
Net Interest Income	(4.1M)	(4.7M)	(4.2M)	(5.7M)	(6.6M)	(7.0M)
Reconciled Depreciation	23.6M	20.9M	20.9M	21.2M	22.5M	18.8M

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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:

How To Invest In Myers

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Is Myers Stock a good investment?

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What is Myers Industries' Net Worth?

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Largest Packaging & Containers Companies

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For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Metal, Glass & Plastic Containers space 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

(0.04)

Dividend Share

0.54

Earnings Share

0.42

Revenue Per Share

22.234

Quarterly Revenue Growth

0.037

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.

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Myers Historical Income Statement

About Myers Income Statement Analysis

Myers Industries Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Net Income Applicable To Common Shares

Myers Industries income statement Correlations

Myers Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Myers Industries income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Operating Income
Cost Of Revenue	+ 0.99	Total Revenue
Gross Profit	+ 0.96	Total Revenue
Net Income	+ 0.96	Income Before Tax

Reconciled Depreciation	- 0.79	Discontinued Operations
Selling And Marketing Expenses	- 0.78	Selling General Administrative
Reconciled Depreciation	- 0.75	Net Income
Reconciled Depreciation	- 0.73	Net Interest Income
Reconciled Depreciation	- 0.73	Income Before Tax
Reconciled Depreciation	- 0.72	Operating Income