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Myers Industries Expects FY23 Net Sales To Decline In The Mid To High Single Digit Range (Prior Decline In The Mid-Single Digit Range); Sees Adjusted EPS Of $1.35 To $1.40 (Prior $1.55 To $1.85) Vs. $1.56 Consensus

Author: Benzinga Newsdesk | November 01, 2023 06:50am

2023 Outlook

Based on current exchange rates, market outlook, and business forecast, the Company revised its outlook for fiscal 2023, and currently forecasts:

  • Net sales decline in the mid to high single digit range
  • Net income per diluted share in the range of $1.20 to $1.28
  • Lowered adjusted earnings per diluted share range of $1.35 to $1.40
  • Capital expenditures to be in the range of $25 to $30 million
  • Effective tax rate to approximate 25%

Posted In: MYE


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