OREANDA-NEWS. March 16, 2016. Myers Industries, Inc. (NYSE:MYE) announced today a revision to its
previously released financial results for its fourth quarter and year
ended December 31, 2015.
The revision, as compared to the Company’s earnings release issued
February 25, 2016, reflects an adjustment to its results from
discontinued operations. This adjustment is due to a final decision the
Company received on March 9, 2016 related to disputed post-closing
working capital adjustments in conjunction with the sale of its Lawn &
Garden business, which closed on February 17, 2015. The adjustment led
to an increase in income from discontinued operations, net of taxes, of
\\$0.6 million. There are no changes to results from continuing
operations. Therefore, net income also increased by \\$0.6 million for
both the fourth quarter and full year of 2015. Previously reported
results for prior periods were not affected by the adjustment.
Myers Industries’ financial results for the fourth quarter and year
ended December 31, 2015 are included in its Form 10-K, filed today with
the SEC.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer
products for industrial, agricultural, automotive, commercial, and
consumer markets. The Company is also the largest distributor of tools,
equipment and supplies for the tire, wheel and undervehicle service
industry in the U.S. Visit www.myersindustries.com
to learn more.
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