Myers Industries Reports Q4 EPS of $0.12 vs. $0.12

Myers Industries, Inc. MYE today reports results for the fourth quarter and year ended December 31, 2010. Net sales were $188.2 million compared to $188.3 million in the fourth quarter of 2009. The Company reported a loss from continuing operations of $50.5 million or $1.43 per share compared to income from continuing operations of $2.0 million or $0.06 per share in the fourth quarter of 2009. Results for 2010 include a non-cash goodwill impairment charge of $72.0 million in the Lawn and Garden Segment. In addition, results for both 2010 and 2009 include special gains and pre-tax expenses. See the Reconciliation of Non-GAAP Financial Measures at the end of this release. Excluding the impairment charge, special gains and expenses noted above, adjusted income from continuing operations was $4.2 million or $0.12 per share compared to $3.1 million or $0.09 per share in 2009.