Myers Industries Inc. (NYSE:MYE) Q3 2019 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 08:30 am ET


Myers Industries Inc. (NYSE:MYE) Q3 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Myers Industries Q3 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that this conference is being recorded. [Operator Instructions]

I will now like to turn the conference over to your speaker today, Monica Vinay. Please go ahead.

Monica Vinay

Good morning. Welcome to Myers Industries Third Quarter 2019 Earnings Call. I'm Monica Vinay, Vice President of Investor Relations and Treasurer at Myers Industries. Joining me today are Andrean Horton, Interim President and Chief Executive Officer and Kevin Brackman, Executive Vice President and Chief Financial Officer. Also joining us on the call today and available to answer questions are Mike Valentino, Group President Material Handling segment and Chris Dupaul Group President Distribution segment

Earlier this morning, we issued a news release outlining the financial results for the third quarter of 2019. If you've not yet received a copy of the release, you can access it on our website at under the Investor Relations tab. This call is also being webcast on our website and will be archived there along with the transcript of the call shortly after this event. Before I turn the call over to Andrean and Kevin, I would like to remind you that we may make some forward-looking statements during the course of this call. These comments are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and involve risks, uncertainties and other factors, which may cause results to differ materially from those expressed or implied in these statements. Further information concerning these risks, uncertainties and other factors is set forth in the Company's periodic SEC filings and may be found in the company's 10-K filing.

I'm now pleased to turn the call over to Andrean Horton.

Andrean Horton

Thanks, Monica. Good morning everyone and thank you for joining us. I'm pleased to be speaking with you today as the Company's Interim President and CEO. Before we review the results for the third quarter and our outlook, let me say a few words about the CEO transition. I first want to thank Dave Banyard on behalf of the Board of Directors for his leadership of Myers over the past four years. Dave was instrumental in my joining Myers and his dedication to the company and our people will have a lasting impact.

The Myers Board of Directors has commenced a search process to identify a permanent CEO to lead the company. In the interim, I appreciate the Board's confidence in me and I'm excited to work closely with our senior leadership team. I want to emphasize a few key points that should give investors confidence. First and foremost, it is my responsibility as Interim CEO to ensure that our strategic, operational and financial priorities are clearly understood and executed, especially during this time of