---

Myers Industries Reports First $100 Million Quarter

16 July 1998

Myers Industries Reports First $100 Million Quarter

    AKRON, Ohio--July 16, 1998--Myers Industries, Inc., (AMEX:MYE) today announced record results for the second quarter and six months ended June 30, 1998.
    Net sales of $101,114,576 were up 17 percent from the $86,175,097 reported in 1997. Net income was $7,597,606, a 43 percent increase compared with 1997 second quarter net income of $5,313,469. Net income per share for the second quarter was $.42, a 45 percent increase from the $.29 reported in second quarter 1997.
    For the six months ended June 30, 1998, net sales of $189,305,742 were up 16 percent over the $162,973,718 reported for the same period in 1997. Net income for the first six months was $14,587,937, a 44 percent increase compared to net income of $10,121,972 for the first half of 1997. Net income per share was $.80, a 45 percent increase from the $.55 reported for the same year ago period.
    "This is the first quarter in the history of the Company in which sales exceeded $100 million. The Company's quarterly performance also produced record earnings," said Stephen E. Myers, president and CEO. "Strong internal growth combined with contributions from acquisitions led to those sales increases in both manufacturing and distribution segments."
    Myers Industries, Inc. is a diversified manufacturer of polymer and metal products for industrial, commercial, and consumer markets; and a nationwide wholesale distributor of tire repair and undercar service products.

                               MYERS INDUSTRIES, INC.
                               SUMMARY OF OPERATIONS
               _______________________________________________________
      
                      QUARTER ENDED             SIX MONTHS ENDED

                        June 30,                    June 30,
               _________________________   ___________________________

                   1998         1997           1998          1997
               ____________  ___________   ____________  _____________

Net Sales      $101,114,576  $86,175,097   $189,305,742  $162,973,718                                
Income Before
 Income Taxes    12,835,606    9,090,469     24,683,937    17,239,972
Income Taxes      5,238,000    3,777,000     10,096,000     7,118,000
               ____________ ____________    ____________  ____________
Net Income       $7,597,606   $5,313,469    $14,587,937   $10,121,972
               ____________ ____________    ____________  ____________

Net Income 
 Per Common 
 Share(a)              $.42         $.29           $.80          $.55

Average Number of
 Common Shares
 Outstanding(a)  18,296,586   18,560,526     18,289,943    18,554,181

_____________________________________________________________________
(a) Adjusted for a 10 percent stock dividend paid in August, 1997.