Myers Industries Announces Capacity Expansion Plans for Signature Segment Through 2029
Myers Industries (MYE) reported strong third-quarter performance, highlighted by an 8.1% year-over-year revenue increase. This growth was primarily driven by robust demand within the infrastructure and food and beverage sectors. Looking ahead, CEO Aaron Schapper outlined a strategic expansion plan for the Signature segment. The company aims to expand capacity by 30% in 2027 and an additional 30% in 2029. These capital investments are projected to generate approximately $60 million in incremental revenue by the end of 2029.
Tickers: $MYE
Topics: earnings report food and beverage sector infrastructure sector revenue growth