Myers posts record sales, income in 1Q
Myers Industries Inc., parent company of Myers Tire Supply Co., achieved a record $244.9 million in net sales during the first quarter of 2006.
The total was an increase of more than 3% from the $236.2 million that Myers reported for the first quarter of 2005.
"Net income also set an all-time quarterly record at $10.8 million, an increase of 38.4% from $7.8 million last year," say Myers officials.
Myers CEO and President John Orr says the company "is pleased with our performance in the first quarter, which continued to be driven by our focus on strategic selling price adjustments, operating expense controls, and productivity enhancements.
"We believe our strong business fundamentals and strength in key markets will position us for sustainable, profitable growth in 2006 and beyond."