Mine Safety Appliances Co. (MSA) reported that its fourth-quarter net income attributable to the company was $19.49 million or $0.52 per share, up from $16.98 million or $0.46 per share, for the same quarter last year.
Net sales for the fourth quarter of 2012 were $294 million compared with $304 million for the same quarter in 2011, a decrease of $10 million or 3 percent. Excluding the effect of weakening currencies and the divested ballistic vest and North American ballistic helmet businesses, sales increased $10 million or 4 percent.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share on revenues of $295.03 million for the quarter. Analysts' estimates typically exclude special items.
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