Retail

Myers posts record first quarter sales

Order Reprints

Myers Industries Inc.'s net sales for the first quarter of 2004 were a record $185.5 million, a 14% increase from $163.2 million achieved during the same period in 2003.

Myers' Q1 2004 net income rose 23% over Q1 2003 levels to $8.8 million.

Myers Industries Chairman and CEO Stephen Myers attributes gains to "an improved economy and our actions to advance internal growth, margins and cost controls. These help off-set higher prices for plastic raw materials, which continued an upward trend."

The Akron, Ohio-based company's manufacturing segment achieved a 13% increase in sales while its distribution sales climbed 18% vs. Q1 2003 results.

Related Articles

Sales Makers or Order Takers? How to Determine 'Who’s Who' on Your Team

Accuride announces net gain in 1Q

Max Finkelstein Creates Max Edge for Customers

You must login or register in order to post a comment.