Mine Safety Appliances Co. (MSA) reported that its first-quarter net income attributable to company decreased to $19.29 million or $0.51 per share, from $23.92 million or $0.64 per share last year. Net sales decreased to $283.24 million from $293.49 million last year. Excluding the effect of weakening currencies and the company's second quarter 2012 divestiture of its North American ballistic helmet business, sales increased slightly.
On average, four analysts polled by Thomson Reuters expected the company to report profit of $0.61 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $297.05 million for the quarter.
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