Seattle, WA, USA--(Jobwerx)--APRIL 23, 2005--Myers Industries, Inc. (NYSE: MYE) announced yesterday that net sales of $236,225,160 for the first quarter ended March 31, 2005 set an all-time quarterly record, increasing 27 percent from the $185,518,527 reported for the first quarter of 2004. Net income was $7,769,314, a decrease of 12 percent from $8,856,171 last year. Net income per share was $.22, a decrease of 19 percent compared with $.27 in the first quarter of 2004.

During the quarter, favorable foreign currency translation increased total net sales by $2.8 million. Contributions from acquisitions made in 2004 increased total net sales by $23.9 million. Excluding currency translation and acquisitions, total net sales for the first quarter would have increased $24.0 million or 13 percent.

Myers Industries manufactures plastic, rubber, and metal products for industrial, agricultural, automotive, commercial, and consumer use. Myers also distributes tire service and automotive underbody repair products.

Commenting on the Company's results, Stephen E. Myers, chairman and chief executive officer, said, "Sales in all business segments were strong during the first quarter. Our modest success with product price increases and internal cost reduction could not, however, offset higher costs for plastic raw materials, which penalized earnings." Resin costs were up more than 50 percent on average compared to the first quarter last year. The Company continues to implement price increases throughout its product lines and noted that it is committed to further strengthening cost management and efficiency initiatives at all levels to help mitigate the burden of raw material price increases.

Business Segment Results

Myers has business activities in five segments, including four manufacturing segments and one Distribution Segment. The four manufacturing segments consist of: Material Handling—North America; Material Handling—Europe; Automotive and Custom; and Lawn and Garden.

The Manufacturing Segments consists of design, manufacture, and market a variety of plastic and rubber products. These range from plastic reusable material handling containers and small parts storage bins to plastic horticultural pots and hanging baskets, decorative planters, plastics and rubber OEM parts, tire repair materials, and custom plastic and rubber products. These items are produced primarily through, rubber, extrusion, rotational, compression and plastic injection molding processes in 31 facilities located throughout North America and Europe.

Myers' Distribution Segment is engaged in the distribution of tools, equipment, and supplies used for tire, wheel, and undervehicle service. The segment operates domestically through 39 branches located in major cities throughout the United States and in foreign countries through export and businesses in which the Company holds an equity interest.

Sales in the Distribution Segment were $42.1 million, up 12 percent compared to the first quarter of 2004. The Company's tire dealer markets and others continued to deliver strong sales for tire and undervehicle service equipment and supplies.

Sales in the Material Handling- North America Segment were $57.8 million, an increase of 14 percent compared to the same period in 2004. The increase comes from strong unit volumes for plastic reusable containers and pallets in a diverse mix of end markets including industrial manufacturing, automotive, agriculture, and others.

In the Material Handling- Europe Segment, sales were $44.3 million, 14 percent above the comparable quarter of 2004. Excluding favorable foreign currency translation, primarily the strength of the euro, sales in the segment increased $3.2 million or 8 percent.

The Automotive and Custom Segment, serving a wide range of OEM automotive, heavy truck, recreational vehicle, and other niche markets with plastic and rubber products, posted sales of $48.0 million in the first quarter, up 43 percent compared to 2004. Excluding contributions from the acquisition of Michigan Rubber Products and WEK, sales in the Automotive and Custom Segment increased $4.4 million or 13 percent.

First quarter sales in the Lawn and Garden Segment were $50.8 million, 61 percent above the first quarter of 2004, due to strong buying season demand for the Company's plastic flowerpots, nursery containers, and decorative planters from professional plant growers, retail garden centers, and mass merchandisers. Excluding contributions from last year's acquisition of Pro Cal, sales in the Lawn and Garden Segment increased $5.6 million or 18 percent.

Debt & Cash Flow
As of March 31, 2005, total debt was $279.5 million compared to $277.4 million at December 31, 2004, and $272.2 million at March 31, 2004. Long-term debt as a percentage of total capitalization was 45 percent at March 31, 2005 compared to 47 percent at the same time last year.

Current MYE Stock Information

Symbol	Last Trade 16:03 22 Apr	NYSE Only Close 22 Apr 05	Change	Volume
MYE	10.40	10.40	-2.20 (-17.46%)	450,700

About Myers Industries

Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire, wheel, and undervehicle service industry in the U.S. Myers Industries had record net sales of $803.1 million in 2004.

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