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MSA Safety Inc. Q3 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

MSA Safety Inc. (MSA) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $66.65 million, or $1.69 per share. This compares with $65.26 million, or $1.65 per share, in last year's third quarter.

Excluding items, MSA Safety Inc. reported adjusted earnings of $72.30 million or $1.83 per share for the period.

Analysts on average had expected the company to earn $1.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.1% to $432.68 million from $446.73 million last year.

MSA Safety Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $66.65 Mln. vs. $65.26 Mln. last year.
-EPS (Q3): $1.69 vs. $1.65 last year.
-Revenue (Q3): $432.68 Mln vs. $446.73 Mln last year.

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