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Myers Industries posts first quarter results

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Myers Industries Inc.'s net sales for the first quarter totaled $246.5 million, a 20% increase over first quarter 2006 results.

Myers' net income from continuing operations for 1Q 2007 was $14.7 million versus $10 million during the same period last year. Total net income for the first quarter was $32.5 million, including discontinued operations.

"Our performance in the first quarter was strong, driven by favorable product mix across our segments" and other factors, says Myers CEO and President John Orr.

Earlier this week, Myers announced that GS Capital Partners plans to purchase it.

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