Myers Industries Inc (MYE)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	66,056	78,210	45,093	48,862	33,301
Revenue	US$ in thousands	812,949	899,773	762,817	505,469	510,807
Pretax margin		8.13%	8.69%	5.91%	9.67%	6.52%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $66,056K ÷ $812,949K
= 8.13%

Myers Industries Inc.'s pretax margin has shown some fluctuations over the past five years. The company's pretax margin was 8.12% in 2023, slightly lower than the previous year's margin of 8.69%. This decrease may indicate a possible decrease in profitability before taxes in the most recent year.

Comparing to 2021 and 2020 when the pretax margin was 5.92% and 9.57% respectively, the company's performance in 2023 seems to be more in line with its historical averages. However, it is worth noting that the pretax margin in 2019 was 6.43%, which is lower than the 2023 figure.

Overall, Myers Industries Inc.'s pretax margin has demonstrated some variability in recent years, suggesting the company's ability to generate profits before accounting for tax expenses has been somewhat inconsistent. Further analysis may be needed to determine the underlying causes of these fluctuations.