Myers achieves sales, income gains
Myers Industries Inc. posted net sales of $232.8 million during the fourth quarter of 2007, 20% more than during the same period in 2006.
For the full year of 2007, Myers' sales totaled $918.8 million versus $780 million in 2006.
Myers' net income for the fourth quarter increased 149% over 4Q 2006 levels to $18.2 million.
Myers also reduced its debt by $30.6 million. "Our cash generation and debt reduction performance are particularly notable in this economic environment," says Myers CEO and President John Orr.