Micro-, Small-Cap Firms Dominate Market Rally

5. Myers Industries Inc. (NYSE:MYE)

Myers Industries snapped a three-day losing streak on Thursday, rising 28.13 percent to finish at $12.48 apiece after it beat analyst estimates on its earnings.

On Thursday, MYE reported a $4.3-million net income for the fourth quarter of the year, or $0.11 per share, higher than the $0.10 as estimated by analysts.

Net income, however, represented a 65.7 percent drop from the $12.5 million registered in the same period a year earlier.

Net sales grew by 6.7 percent to $203.9 million from $191 million fueled by contributions from the acquisition of Signature Systems, and consumer fuel can sales, both of which benefited from hurricane recovery efforts, and were partially offset by weaker Distribution Segment volumes and lower cyclical seed box sales in our Food and Beverage end market.

For full-year 2024, net income dived by 85.3 percent to $7.2 million from $48.9 million, while net sales inched up by 2.9 percent to $836 million from $813 million.