For the six months ended June 30, 2000, net sales of $327,821,536 were up 19 percent over the $274,389,456 reported for the same period in 1999. Net income was $16,390,735, a decrease of 6 percent from net income of $17,434,982 in the first half of 1999. Net income per share was $.83, down 3 percent from the $.86 reported for the comparable period last year.

“The higher cost of raw materials used in our plastic products is constraining earnings right now,” said Stephen E. Myers, president and chief executive officer. Resin prices, on the average, have increased more than 50% compared with the same period last year.

Excluding contributions from acquisitions, total net sales would have increased 1 percent for the second quarter and 2 percent for the six months. On a segment basis, sales in the distribution segment were down 3 percent for both the quarter and six months, compared to the same periods last year. In the Company’s manufacturing segment, sales increased 18 percent over last year’s second quarter results and 27 percent over the comparable six months. Excluding acquisitions, manufacturing sales increased 2 percent for the quarter and 4 percent for the six months.

Both total sales and manufacturing segment sales were negatively impacted by the translation effect of the weak Euro. Total sales and manufacturing segment sales were reduced $4.5 million for the quarter and $8.0 million for the six months. Without the translation effect and excluding acquisitions, total sales would have increased 4 percent for the quarter and 5 percent for the six months, and manufacturing segment sales would have increased 7 percent for the quarter and 8 percent for the six months. The translation effect also decreased net income $95,000 for the quarter and $168,000 for the six months.

Myers said, “Last year’s acquisitions provide continued opportunity for long-term growth. Our focus now is to minimize the pressure on earnings from high raw material costs, integrate the acquisitions, and reduce debt.”

Myers Industries, Inc. is an international manufacturer of plastic and rubber products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire service and automotive underbody repair industry in the United States. Myers has 23 manufacturing facilities in North America and Europe, 42 distribution branches in 31 states, more than 20,000 products, and nearly 4,200 employees. Myers Industries reported net sales of $580.8 million in 1999.

Forward-Looking Statements: Statements in this release may include forward looking statements that involve a number of risks and uncertainties that could cause actual results to materially differ from those discussed. Any statement that is not of historical fact may be deemed to be a forward-looking statement.