CEO highlights transformation progress. “In 2025, we moved Myers forward with purpose and urgency, made significant progress on our transformation, and delivered results with a continuous improvement mindset, providing a strong catalyst for 2026,” said Aaron Schapper, President and Chief Executive Officer. Schapper outlined three strategic priorities for 2026: focusing on core markets and customer value, instilling operational excellence and cost leadership, and maximizing investments in profitable growth platforms. CFO Sam Rutty emphasized the sustainability of margin gains: “We delivered $20 million in annualized cost savings primarily in SG&A, improving our margins in 2025 and positioning us well for 2026. Going forward, we will continue to focus on cost reductions and operating efficiencies to drive sustainable improvement in profitability.”
Defense and infrastructure drive optimism. Christian Zyla of Keybanc Capital Markets asked about defense market opportunities given geopolitical tensions. Schapper responded that the company serves both US military and NATO customers: “NATO has made it a more strategic priority to have a supply chain that’s independent, more independent of the US, in the past. And so as a result, that’s given a great opportunity for us.” He noted the company uses both Canadian and US operations to serve the munitions packaging market, adding “we’re bullish on that business in the future and we remain confident that we’ll do well and we’re positioned well in the future.” On infrastructure, Rutty highlighted that “the current backlog for matting products is now the largest in the history of this business, giving us confidence in our 2026 outlook,” driven by utility projects and conversion from wood to composite matting.
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