Reconciliation of Non-GAAP Measures 11 MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions, except per share data) Quarter Ended September 30, Nine Months Ended September 30, 2014 2013 2014 2013 Material Handling (Loss) income before income taxes as reported $ (0.4) 12.1 $ 23.9 $ 36.9 Patent infringement lawsuit 3.0 — 3.0 — Transaction costs - Scepter 2.9 — 2.9 — Inventory step-up - Scepter acquisition 2.3 — 2.3 — Restructuring expenses and other adjustments 0.5 — 1.1 0.2 Income before income taxes as adjusted 8.3 12.1 33.2 37.1 Distribution Income before income taxes as reported 4.1 6.3 12.7 17.6 Restructuring expenses and other adjustments 0.2 — 1.0 0.1 Income before income taxes as adjusted 4.3 6.3 13.7 17.7 Corporate and interest expense Loss before income taxes as reported (9.0) (7.2 (25.0) (22.9) Transaction costs 0.1 — 0.7 — Loss before income taxes as adjusted (8.9) (7.2 (24.3) (22.9) Continuing operations (Loss) income from continuing operations before income taxes as reported (5.3) 11.2 11.6 31.6 Restructuring expenses and other adjustments 6.0 — 7.4 0.3 Transaction costs 3.0 — 3.6 — Income from continuing operations before income taxes as adjusted 3.7 11.2 22.6 31.9 Income tax expense 1.4 4.1 8.4 11.8 Income from continuing operations as adjusted 2.3 7.1 14.3 20.1 Discontinued operations Income (loss) from discontinued operations before income taxes 0.8 (0.2 (6.2) 3.4 Restructuring expenses and other adjustments 3.3 2.4 13.5 4.2 Gain on sale — — (3.7) — Income from discontinued operations before income taxes as adjusted 4.1 2.2 3.6 7.6 Income tax expense 1.5 0.8 1.3 2.8 Income from discontinued operations as adjusted 2.6 1.4 2.3 4.8 Consolidated Net income as adjusted $ 4.9 8.5 $ 16.6 $ 24.9 Adjusted earnings per diluted share from continuing operations $ 0.07 0.21 $ 0.43 $ 0.59 Adjusted earnings per diluted share from discontinued operations 0.08 0.04 0.07 0.14 Adjusted earnings per diluted share $ 0.15 0.25 $ 0.50 $ 0.73 Note on Reconciliation of Income and Earnings Data: Income (loss) excluding the items mentioned above in the text of this release and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, Inc. calculates according to the schedule above, using GAAP amounts from the unaudited Condensed Consolidated Financial Statements. The Company believes that the excluded items are not primarily related to core operational activities. The Company believes that income (loss) excluding items that are not primarily related to core operating activities is generally viewed as providing useful information regarding a company's operating performance. Management uses income (loss) excluding these items as well as other financial measures in connection with its decision-making activities. Income (loss) excluding these items should not be considered in isolation or as a substitute for net income (loss), income (loss) before taxes or other consolidated income data prepared in accordance with GAAP. The Company's method for calculating income (loss) excluding these items may not be comparable to methods used by other companies. Note: Historical information has been adjusted to reflect discontinued operations presentation and the segment realignment completed in June 2014. Also numbers may be rounded for presentation purposes. | 
