Mine Safety Appliances Co.'s (MSA) third-quarter 2012 net income attributable to the company slightly declined to $19.23 million, or $0.51 per share, from $19.97 million, or $0.54 per share last year. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.57 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the quarter were $287 million, down $12 million from $298.24 million in the 2011 third quarter. Analysts estimated revenues of $289.80 million for the quarter. Excluding the effect of weakening currencies and the divestiture of the company's ballistic vest and North American ballistic helmet businesses, sales increased 5 percent.
The company added, "Excluding the impact of weakening foreign currencies, our quarterly revenue from our global core product groups increased 7 percent, with core product group sales to emerging markets up 18 percent."
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