Myers Industries Inc (MYE)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	66,056	64,195	65,209	72,263	78,210	72,434	65,017	58,481	45,093	39,136	40,311	36,503	48,862	53,000	48,131	46,234	33,301	30,670	-3,121	-488
Revenue (ttm)	US$ in thousands	813,105	834,363	864,613	889,454	899,773	887,215	859,353	814,341	762,817	700,469	632,519	562,548	510,376	489,727	482,938	498,884	515,785	537,355	546,887	553,041
Pretax margin		8.12%	7.69%	7.54%	8.12%	8.69%	8.16%	7.57%	7.18%	5.91%	5.59%	6.37%	6.49%	9.57%	10.82%	9.97%	9.27%	6.46%	5.71%	-0.57%	-0.09%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $66,056K ÷ $813,105K
= 8.12%

Myers Industries Inc.'s pretax margin has shown some variability over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin was 8.12%, slightly higher than the previous quarter but lower than in Q4 2022. This indicates that the company's earnings before taxes relative to its total revenue were relatively stable.

Looking at the trend over the past two years, it is apparent that the pretax margin has fluctuated within a relatively narrow range, with the highest value recorded in Q4 2022 at 8.69% and the lowest value in Q2 2022 at 7.20%. This suggests that the company has been able to maintain a consistent level of profitability before accounting for taxes, with some minor variations over time.

Overall, while the pretax margin of Myers Industries Inc. has not shown significant growth or decline, the company's ability to generate earnings before taxes relative to its revenue appears to be relatively stable, indicating a consistent performance in managing costs and generating profits.