Myers Industries (MYE) reported third-quarter 2026 net sales of $171.3 million, up 8.1% from $158.5 million a year earlier. The company recorded a net loss of $0.9 million, or $0.02 per diluted share, compared with net income of $7.1 million, or $0.19 per diluted share, in the prior-year quarter.
Income from continuing operations was $4.7 million, or $0.13 per diluted share, down from $6.3 million, or $0.17 per diluted share, a year earlier. Myers said higher resin costs, unfavorable product mix and unplanned maintenance costs reduced margins.
- Gross profit declined 5.0% to $46.8 million; gross margin fell to 27.3% from 31.1%.
- Operating income decreased 11.2% to $14.8 million.
- Infrastructure revenue rose 38%, while Food & Beverage revenue increased 12%.
- Cash flow from operations was $17.4 million, and capital expenditures were $5.9 million.
- Total liquidity was $254.7 million, including $53.5 million in cash.
- The company said it expects significant sequential fourth-quarter margin improvement based on pricing actions and resin-cost stabilization.
$MYE Hedge Fund Activity
We have seen 107 institutional investors add shares of $MYE stock to their portfolio, and 71 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 1,110,567 shares (+644.0%) to their portfolio in Q2 2026, for an estimated $39,214,120
- NEUBERGER BERMAN GROUP LLC added 875,531 shares (+inf%) to their portfolio in Q2 2026, for an estimated $30,914,999
- BARINGTON COMPANIES MANAGEMENT, LLC removed 770,100 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $27,192,231
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 661,389 shares (-32.1%) from their portfolio in Q2 2026, for an estimated $23,353,645
- JPMORGAN CHASE & CO added 614,413 shares (+inf%) to their portfolio in Q2 2026, for an estimated $21,694,923
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 525,323 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,549,155
- PZENA INVESTMENT MANAGEMENT LLC removed 503,571 shares (-39.2%) from their portfolio in Q2 2026, for an estimated $17,781,092
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
