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
Benzinga Newsdesk 3 years ago
EarningsNewsGuidance
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
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%