MYERS INDUSTRIES REPORTS RECORD FIRST QUARTER RESULTS

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"We finished 1998 with a record performance that carried over into our first quarter this year," said Stephen E. Myers, president and CEO. "Higher unit sales and contributions from acquired companies, primarily Allibert Équipement, resulted in both our manufacturing and distribution segments posting record sales. Without acquisitions, total net sales would have increased 8 percent."

Sales in the manufacturing segment increased 61 percent over last year's first quarter results. Excluding acquisitions, sales in the segment grew 8 percent compared to a year ago.

The Company's first quarter sales in the distribution segment increased 8 percent over 1998's results for the same period. Increased unit volumes, continued emphasis on developing new markets, and expanded sales coverage contributed to this performance.

"We are encouraged by our first quarter," stated Mr. Myers. "Our core businesses are strong, and the integration of recent acquisitions is proceeding."

Myers Industries, Inc., headquartered in Akron, Ohio, is a global manufacturer of polymer and metal 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 Industries, Inc.
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