I have to say that 17% down is not that bad – especially when similar business are down 25-30%.
See posted article for the story:
Myers Industries Inc. (NYSE: MYE) has reported a third-quarter loss compared to a year-ago profit as the company saw its sales fall 17%.
The diversified manufacturing and distribution company said its loss in the latest third quarter totaled $5.3 million, or 15 cents a share, which included a loss from discontinued operations of $4.7 million. In the third quarter of 2008, Myers earned $1.3 million, or four cents a share.
Sales at Myers slid to $165.4 million from $199.9 million.
Myers said in a statement that weak end markets “continued to result in sales volume declines across the company's segments.”
“Customers continued to conserve cash and reduce spending, purchasing products on a just-in-time basis,” the company said.
