Latest news with #MSASafety
Yahoo
4 days ago
- Business
- Yahoo
Why MSA Safety (MSA) Stock Is Trading Up Today
What Happened? Shares of safety equipment manufacturer MSA Safety (NYSE:MSA) jumped 3.4% in the morning session after the company posted strong second-quarter results that surpassed Wall Street's revenue and profit expectations. The safety equipment manufacturer reported net sales of $474.1 million, a 3% increase year-over-year. Adjusted earnings per share landed at $1.93, which also beat analyst forecasts. The company's sales growth stemmed from its Detection segment, bolstered by the recent acquisition of M&C TechGroup. This purchase strengthened MSA's position in the gas and flame detection market. In a move that pleased investors, the company also repurchased $30 million of its stock and raised its dividend for the 55th consecutive year. After the initial pop the shares cooled down to $180.99, up 2% from previous close. Is now the time to buy MSA Safety? Access our full analysis report here, it's free. What Is The Market Telling Us MSA Safety's shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. MSA Safety is up 9.7% since the beginning of the year, and at $180.99 per share, it is trading close to its 52-week high of $184.68 from September 2024. Investors who bought $1,000 worth of MSA Safety's shares 5 years ago would now be looking at an investment worth $1,496. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
MSA Safety (MSA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2025, MSA Safety (MSA) reported revenue of $474.12 million, up 2.5% over the same period last year. EPS came in at $1.93, compared to $2.01 in the year-ago quarter. The reported revenue represents a surprise of +6.3% over the Zacks Consensus Estimate of $446.01 million. With the consensus EPS estimate being $1.76, the EPS surprise was +9.66%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how MSA Safety performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales by Product Category- Fire Service: $163.31 million versus the two-analyst average estimate of $160.68 million. Net sales by Product Category- Industrial PPE and Other: $116.98 million compared to the $114.28 million average estimate based on two analysts. Net sales by Product Category- Detection: $193.84 million versus the two-analyst average estimate of $166.33 million. View all Key Company Metrics for MSA Safety here>>> Shares of MSA Safety have returned -0.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MSA Safety Incorporporated (MSA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
MSA Safety (NYSE:MSA) Beats Expectations in Strong Q2
Safety equipment manufacturer MSA Safety (NYSE:MSA) reported Q2 CY2025 results exceeding the market's revenue expectations , with sales up 2.5% year on year to $474.1 million. Its non-GAAP profit of $1.93 per share was 10% above analysts' consensus estimates. Is now the time to buy MSA Safety? Find out in our full research report. MSA Safety (MSA) Q2 CY2025 Highlights: Revenue: $474.1 million vs analyst estimates of $447.8 million (2.5% year-on-year growth, 5.9% beat) Adjusted EPS: $1.93 vs analyst estimates of $1.76 (10% beat) Adjusted EBITDA: $116.5 million vs analyst estimates of $105 million (24.6% margin, 10.9% beat) The company maintained its low-single-digit full-year organic sales growth outlook for 2025, while acknowledging ongoing risk due to macroeconomic factors Operating Margin: 18.1%, down from 23.5% in the same quarter last year Free Cash Flow Margin: 8%, similar to the same quarter last year Market Capitalization: $6.89 billion "Our second quarter financial performance demonstrates our team's commitment to our Accelerate strategy and creating long-term value for our stakeholders," said Steve Blanco, MSA Safety President and CEO. Company Overview Founded in 1914 as Mine Safety Appliances to protect coal miners from dangerous gases, MSA Safety (NYSE:MSA) designs and manufactures advanced safety products that protect workers and facilities across industries including fire service, energy, construction, and manufacturing. Revenue Growth Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. With $1.83 billion in revenue over the past 12 months, MSA Safety is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. On the bright side, it can still flex high growth rates because it's working from a smaller revenue base. As you can see below, MSA Safety's sales grew at a decent 5.8% compounded annual growth rate over the last five years. This shows its offerings generated slightly more demand than the average business services company, a useful starting point for our analysis. Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. MSA Safety's recent performance shows its demand has slowed as its annualized revenue growth of 4.6% over the last two years was below its five-year trend. This quarter, MSA Safety reported modest year-on-year revenue growth of 2.5% but beat Wall Street's estimates by 5.9%. Looking ahead, sell-side analysts expect revenue to grow 4.5% over the next 12 months, similar to its two-year rate. This projection doesn't excite us and suggests its newer products and services will not accelerate its top-line performance yet. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin MSA Safety has been a well-oiled machine over the last five years. It demonstrated elite profitability for a business services business, boasting an average operating margin of 20.7%. Analyzing the trend in its profitability, MSA Safety's operating margin rose by 4.6 percentage points over the last five years, as its sales growth gave it operating leverage. In Q2, MSA Safety generated an operating margin profit margin of 18.1%, down 5.4 percentage points year on year. This contraction shows it was less efficient because its expenses grew faster than its revenue. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. MSA Safety's EPS grew at a solid 10.2% compounded annual growth rate over the last five years, higher than its 5.8% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. We can take a deeper look into MSA Safety's earnings to better understand the drivers of its performance. As we mentioned earlier, MSA Safety's operating margin declined this quarter but expanded by 4.6 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For MSA Safety, its two-year annual EPS growth of 9.3% is similar to its five-year trend, implying stable earnings. In Q2, MSA Safety reported adjusted EPS at $1.93, down from $2.01 in the same quarter last year. Despite falling year on year, this print beat analysts' estimates by 10%. Over the next 12 months, Wall Street expects MSA Safety's full-year EPS of $7.69 to grow 8.6%. Key Takeaways from MSA Safety's Q2 Results We were impressed by how significantly MSA Safety blew past analysts' revenue expectations this quarter. We were also glad its EPS outperformed Wall Street's estimates. The company maintained its low-single-digit full-year organic sales growth outlook for 2025, while acknowledging ongoing risk due to macroeconomic factors. Zooming out, we think this quarter featured some important positives but the commentary around guidance adds some uncertainty to the picture, something investors don't love. Shares traded down 1.4% to $175 immediately following the results. Is MSA Safety an attractive investment opportunity right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
MSA Safety Announces Second Quarter 2025 Results
Second Quarter 2025 Highlights Achieved quarterly net sales of $474 million, a 3% GAAP increase and flat organic(a) year-over-year Generated GAAP operating income of $86 million, or 18.1% of sales, and adjusted operating income of $101 million, or 21.4% of sales Recorded GAAP net income of $63 million, or $1.59 per diluted share, and adjusted earnings of $76 million, or $1.93 per diluted share Acquired M&C TechGroup, a leading manufacturer of gas analysis and process safety technologies, in a transaction valued at $188 million, net of cash acquired Repurchased $30 million of common stock, invested $29 million for capital expenditures, including a strategic footprint investment, and paid $21 million of dividends PITTSBURGH, Aug. 4, 2025 /PRNewswire/ -- Global safety equipment and solutions provider MSA Safety Incorporated (NYSE: MSA) today reported financial results for the second quarter of 2025. "Our second quarter financial performance demonstrates our team's commitment to our Accelerate strategy and creating long-term value for our stakeholders," said Steve Blanco, MSA Safety President and CEO. "Although we had a difficult comparison within our broader portfolio, leveraging the MSA Business System enabled strong backlog conversion of key customer orders, and we are energized by the momentum in our growth accelerator product categories of detection and fall protection. Lastly, we deployed capital for the acquisition of M&C TechGroup to expand our addressable market in detection, further diversify our end markets, and create a synergistic platform for growth in the gas analysis and process safety markets." (a) Definition of organic sales change provided on the bottom of page nine. Financial HighlightsThree Months Ended June 30,Six Months Ended June 30, (In millions, except per share data and percentages) 20252024% Change (a)20252024% Change (a) Net Sales $ 474.1$ 462.53 %$ 895.5$ 875.82 % GAAPOperating income 85.999.9(14) %163.6180.1(9) % % of Net sales 18.1 %21.6 %(350) bps18.3 %20.6 %(230) bps Net income 62.872.2(13) %122.4130.4(6) % Diluted EPS 1.591.83(13) %3.103.30(6) % Non-GAAPAdjusted EBITDA $ 116.5$ 121.9(4) %$ 218.0$ 223.2(2) % % of Net sales 24.6 %26.4 %(180) bps24.3 %25.5 %(120) bps Adjusted operating income 101.4108.2(6) %188.9196.2(4) % % of Net sales 21.4 %23.4 %(200) bps21.1 %22.4 %(130) bps Adjusted earnings 75.979.7(5) %142.4143.2(1) % Adjusted diluted EPS 1.932.01(4) %3.613.62— % Free cash flow 37.939.0(3) %88.978.613 % Free cash flow conversion 60 %54 %73 %60 % Americas SegmentNet sales $ 320.1$ 314.72 %$ 613.3$ 610.2— % GAAP operating income 91.396.2(5) %167.8180.3(7) % % of Net sales 28.5 %30.6 %(210) bps27.4 %29.6 %(220) bps Adjusted operating income 93.398.5(5) %172.0184.7(7) % % of Net sales 29.1 %31.3 %(220) bps28.0 %30.3 %(230) bps International SegmentNet sales $ 154.0$ 147.84 %$ 282.2$ 265.56 % GAAP operating income 12.222.8(46) %29.533.9(13) % % of Net sales 8.0 %15.4 %(740) bps10.5 %12.8 %(230) bps Adjusted operating income 20.224.3(17) %38.937.83 % % of Net sales 13.1 %16.4 %(330) bps13.8 %14.2 %(40) bps(a) Percentage change may not calculate exactly due to rounding. "Our balance sheet remains strong, enabling us to invest in growth and return cash to shareholders through our disciplined capital allocation strategy," stated Elyse Brody, Interim CFO of MSA Safety. "Highlights this quarter include the acquisition of M&C TechGroup, our 55th consecutive annual dividend increase, share repurchases, and a strategic footprint investment in Cranberry Township, Pa., to expand manufacturing and engineering capabilities at our detection Center of Excellence. We reaffirm our low-single-digit organic sales growth outlook for 2025 while actively preparing for a wide range of macro scenarios, including tariffs, industrial demand, and the timing of the National Fire Protection Association (NFPA) approval for our next-generation self-contained breathing apparatus (SCBA)," Brody added. 2025 Net Sales Outlook The company maintained its low-single-digit full-year organic sales growth outlook for 2025, while acknowledging ongoing risk due to macroeconomic factors and the timing of the NFPA standard approval process. Conference Call MSA Safety will host a conference call on Tuesday, August 5, 2025, at 10:00 a.m. Eastern time to discuss its second quarter 2025 results and outlook. The call and an accompanying slide presentation will be webcast at under the "News and Events" tab, subheading "Events & Presentations." Investors and interested parties can also dial into the call at 1-844-854-4415 (toll-free) or 1-412-902-6599 (international). When prompted, please instruct the operator to be joined into the MSA Safety Incorporated conference call. A replay of the conference call will be available at shortly after the conclusion of the presentation and will be available for the next 90 days. MSA Safety Incorporated Condensed Consolidated Statements of Income (Unaudited) (In thousands, except per share amounts) Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024 Net sales $ 474,116$ 462,463$ 895,456$ 875,765 Cost of products sold 253,406239,434481,351457,205 Gross profit 220,710223,029414,105418,560 Selling, general and administrative 112,078105,075206,042199,226 Research and development 16,99617,07032,66532,988 Restructuring charges 4881,5432,4124,560 Currency exchange losses (gains), net 5,286(603)9,3631,730 Operating income 85,86299,944163,623180,056 Interest expense 8,1169,66414,95120,403 Other income, net (5,000)(4,148)(12,022)(10,382) Total other expense, net 3,1165,5162,92910,021 Income before income taxes 82,74694,428160,694170,035 Provision for income taxes 19,97322,19438,31639,662 Net income $ 62,773$ 72,234$ 122,378$ 130,373 Earnings per share attributable to common shareholders:Basic $ 1.60$ 1.83$ 3.11$ 3.31 Diluted $ 1.59$ 1.83$ 3.10$ 3.30 Basic shares outstanding 39,25839,38939,29639,375 Diluted shares outstanding 39,35939,54139,43039,549 MSA Safety Incorporated Condensed Consolidated Balance Sheets (Unaudited) (In thousands) June 30, 2025December 31, 2024 AssetsCash and cash equivalents $ 146,988$ 164,560 Trade receivables, net 333,754279,213 Inventories 343,883296,796 Other current assets 62,83662,461 Total current assets 887,461803,030 Property, plant and equipment, net 279,419211,865 Prepaid pension cost 234,355224,638 Goodwill 733,245620,895 Intangible assets, net 310,934246,437 Other noncurrent assets 104,79798,919 Total assets $ 2,550,211$ 2,205,784 Liabilities and shareholders' equityNotes payable and current portion of long-term debt, net $ 8,383$ 26,391 Accounts payable 126,421108,163 Other current liabilities 150,660153,539 Total current liabilities 285,464288,093 Long-term debt, net 670,965481,622 Pensions and other employee benefits 152,344134,251 Deferred tax liabilities 132,696107,691 Other noncurrent liabilities 56,10050,808 Total shareholders' equity 1,252,6421,143,319 Total liabilities and shareholders' equity $ 2,550,211$ 2,205,784 MSA Safety Incorporated Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024 Net income $ 62,773$ 72,234$ 122,378$ 130,373 Depreciation and amortization 18,09916,04734,35031,605 Change in working capital and other operating (13,654)(34,979)(27,677)(57,790) Cash flow from operating activities 67,21853,302129,051104,188 Capital expenditures (29,334)(14,341)(40,118)(25,560) Acquisitions, net of cash acquired (187,774)—(187,774)— Property disposals and other investing 1741974 Cash flow used in investing activities (217,107)(14,267)(227,873)(25,486) Change in debt 172,686(8,250)165,220(13,260) Cash dividends paid (20,848)(20,099)(40,881)(38,589) Company stock purchases under repurchase program (29,998)(10,000)(39,994)(10,000) Other financing (2,249)(284)(10,366)(5,869) Cash flow from (used in) financing activities 119,591(38,633)73,979(67,718) Effect of exchange rate changes on cash, cash equivalents and restricted cash 6,949(1,881)7,692(10,557) (Decrease)/Increase in cash, cash equivalents and restricted cash $ (23,349)$ (1,479)$ (17,151)$ 427 MSA Safety Incorporated Sales by Product Group (Unaudited) (In thousands, except percentages)Three Months Ended June 30, 2025ConsolidatedAmericasInternational DollarsPercentDollarsPercentDollarsPercent Detection(a)$ 193,83541 %$ 127,17440 %$ 66,66143 % Fire Service(b)163,30634 %110,81535 %52,49134 % Industrial PPE and Other(c)116,97525 %82,15025 %34,82523 % Total$ 474,116100 %$ 320,139100 %$ 153,977100 %Three Months Ended June 30, 2024ConsolidatedAmericasInternational DollarsPercentDollarsPercentDollarsPercent Detection(a)$ 170,84837 %$ 111,40535 %$ 59,44340 % Fire Service(b)172,26937 %118,48738 %53,78237 % Industrial PPE and Other(c)119,34626 %84,81927 %34,52723 % Total$ 462,463100 %$ 314,711100 %$ 147,752100 %Six Months Ended June 30, 2025ConsolidatedAmericasInternational DollarsPercentDollarsPercentDollarsPercent Detection(a)$ 354,90640 %$ 237,06539 %$ 117,84142 % Fire Service(b)313,92235 %216,72235 %97,20034 % Industrial PPE and Other(c)226,62825 %159,51226 %67,11624 % Total$ 895,456100 %$ 613,299100 %$ 282,157100 %Six Months Ended June 30, 2024ConsolidatedAmericasInternational DollarsPercentDollarsPercentDollarsPercent Detection(a)310,06435 %207,70034 %102,36438 % Fire Service(b)335,96239 %240,73839 %95,22436 % Industrial PPE and Other(c)229,73926 %161,81127 %67,92826 % Total$ 875,765100 %$ 610,249100 %$ 265,516100 %(a) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International). (b) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. MSA Safety Incorporated Reconciliation of Non-GAAP Financial Measures Organic sales change (Unaudited)ConsolidatedThree Months Ended June 30, 2025Detection(a) FireService(b) Industrial PPEand Other(c)Net Sales GAAP reported sales change 13 % (5) % (2) %3 % Currency translation effects — % (1) % 1 %(1) % Less: Acquisitions (7) % — % — %(2) % Organic sales change 6 % (6) % (1) %— %Six Months Ended June 30, 2025Detection(a) FireService(b) Industrial PPEand Other(c)Net Sales GAAP reported sales change 14 % (7) % (1) %2 % Plus: Currency translation effects 1 % — % 2 %1 % Less: Acquisitions (4) % — % — %(1) % Organic sales change 11 % (7) % 1 %2 % Americas Segment Three Months Ended June 30, 2025Detection(a) FireService(b) Industrial PPEand Other(c)Net Sales GAAP reported sales change 14 % (6) % (3) %2 % Plus: Currency translation effects 1 % — % 2 %1 % Less: Acquisitions (3) % — % — %(1) % Organic sales change 12 % (6) % (1) %2 %Six Months Ended June 30, 2025Detection(a) FireService(b) Industrial PPEand Other(c)Net Sales GAAP reported sales change 14 % (10) % (1) %1 % Plus: Currency translation effects 1 % — % 3 %1 % Less: Acquisitions (1) % — % — %(1) % Organic sales change 14 % (10) % 2 %1 % International Segment Three Months Ended June 30, 2025Detection(a) FireService(b) Industrial PPEand Other(c)Net Sales GAAP reported sales change 12 % (2) % 1 %4 % Plus: Currency translation effects (4) % (4) % (3) %(3) % Less: Acquisitions (11) % — % — %(5) % Organic sales change (3) % (6) % (2) %(4) %Six Months Ended June 30, 2025Detection(a) FireService(b) Industrial PPEand Other(c)Net Sales GAAP reported sales change 15 % 2 % (1) %6 % Plus: Currency translation effects (1) % (1) % (1) %(1) % Less: Acquisitions (7) % — % — %(2) % Organic sales change 7 % 1 % (2) %3 %(a) Detection includes Fixed Gas and Flame Detection and Portable Gas Detection. Detection includes sales from M&C, acquired by the Company, from May 6th, 2025, onward (Americas and International). (b) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. Management believes that organic sales change is a useful metric for investors, as foreign currency translation, acquisitions and divestitures can have a material impact on sales change trends. Organic sales change highlights ongoing business performance excluding the impact of fluctuating foreign currencies, acquisitions and divestitures. There can be no assurances that MSA's definition of organic sales change is consistent with that of other companies. As such, management believes that it is appropriate to consider sales change determined on a GAAP basis in addition to this non-GAAP financial measure. MSA Safety Incorporated Reconciliation of Non-GAAP Financial Measures Adjusted operating income (Unaudited) Adjusted EBITDA (Unaudited) (In thousands) Three months endedJune 30,Six months endedJune 30,2025202420252024 Adjusted EBITDA $ 116,513$ 121,931$ 217,979$ 223,185 Less: Depreciation and amortization 15,07913,74129,04326,985 Adjusted operating income 101,434108,190188,936196,200 Less: Restructuring charges 4881,5432,4124,560 Currency exchange losses (gains), net 5,286(603)9,3631,730 Acquisition-related amortization 3,1532,3065,4394,620 Net cost for product related legal matter —5,000—5,000 Transaction costs (a) 6,645—8,099234 GAAP operating income 85,86299,944163,623180,056 Less: Interest expense 8,1169,66414,95120,403 Other income, net (5,000)(4,148)(12,022)(10,382) Income before income taxes 82,74694,428160,694170,035 Provision for income taxes 19,97322,19438,31639,662 Net income $ 62,773$ 72,234$ 122,378$ 130,373(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred in connection with acquisitions and divestitures. These costs are included in selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income. Adjusted operating income, adjusted operating margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA margin are non-GAAP financial measures and operating ratios derived from non-GAAP measures. Adjusted operating income is defined as operating income excluding restructuring charges, currency exchange gains / losses, acquisition-related amortization, net cost for product related legal matter and transaction costs. Adjusted operating margin is defined as adjusted operating income divided by net sales to external customers. Adjusted EBITDA is defined as adjusted operating income plus depreciation and amortization, and adjusted EBITDA margin is defined as adjusted EBITDA divided by net sales to external customers. These metrics are consistent with how management evaluates segment results and makes strategic decisions about the business. Additionally, these non-GAAP financial measures provide information useful to investors in understanding our operating performance and trends, and to facilitate comparisons with the performance of our peers. Adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin are not recognized terms under GAAP, and therefore do not purport to be alternatives to operating income or operating margin as a measure of operating performance. The company's definition of adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin may not be comparable to similarly titled measures of other companies. As such, management believes that it is appropriate to consider operating income and net income determined on a GAAP basis in addition to these non-GAAP measures. MSA Safety Incorporated Reconciliation of Non-GAAP Financial Measures Adjusted earnings (Unaudited) Adjusted diluted earnings per share (Unaudited) (In thousands, except per share amounts and percentages) Three Months EndedJune 30,Six Months EndedJune 30,20252024% Change20252024% Change Net income $ 62,773$ 72,234(13) %$ 122,378$ 130,373(6) % Currency exchange losses (gains), net 5,286(603)9,3631,730 Restructuring charges 4881,5432,4124,560 Transaction costs (a) 6,645—8,099234 Acquisition-related amortization 3,1532,3065,4394,620 Asset related losses 884701892752 Pension settlement 7211,3087211,308 Net cost for product related legal matter —5,000—5,000 Income tax expense on adjustments (4,021)(2,827)(6,937)(5,417) Adjusted earnings $ 75,929$ 79,662(5) %$ 142,367$ 143,160(1) % Adjusted diluted earnings per share $ 1.93$ 2.01(4) %$ 3.61$ 3.620 % Diluted shares outstanding 39,35939,54139,43039,549(a)Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income. Management believes that adjusted earnings and adjusted diluted earnings per share are useful measures for investors, as management uses these measures to internally assess the company's performance and ongoing operating trends. There can be no assurances that additional special items will not occur in future periods, nor that MSA's definition of adjusted earnings is consistent with that of other companies. As such, management believes that it is appropriate to consider both net income determined on a GAAP basis as well as adjusted earnings. MSA Safety Incorporated Reconciliation of Non-GAAP Financial Measures Debt to adjusted EBITDA / Net debt to adjusted EBITDA (Unaudited) (In thousands)Twelve Months EndedJune 30, 2025 Operating income$ 372,744 Depreciation and amortization 57,217 Restructuring charges4,249 Currency exchange losses, net11,271 Acquisition-related amortization9,994 Transaction costs (a)8,751 Adjusted EBITDA$ 464,226Total end-of-period debt679,348Debt to adjusted EBITDA1.5Total end-of-period debt$ 679,348 Total end-of-period cash and cash equivalents146,988 Net debt$ 532,360Net debt to adjusted EBITDA1.1(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income. Management believes that Debt to adjusted EBITDA and Net debt to adjusted EBITDA are useful measures for investors, as management uses these measures to internally assess the company's liquidity and balance sheet strength. There can be no assurances that that MSA's definition of Debt to adjusted EBITDA and Net debt to adjusted EBITDA is consistent with that of other companies. About MSA Safety: MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2024 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of over 5,000 associates across its more than 40 international locations. For more information, please visit Cautionary Statement Regarding Forward-Looking Statements: Except for historical information, certain matters discussed in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve various assumptions, known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or other comparable words. Actual results, performance or outcomes may differ materially from those expressed or implied by these forward-looking statements and may not align with historical performance and events due to a number of factors, including those discussed in the sections of our annual report on Form 10-K entitled "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors," and those discussed in our Form 10-Q quarterly reports filed after such annual report. MSA's SEC filings are readily obtainable at no charge at as well as on its own investor relations website at Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and caution should be exercised against placing undue reliance upon such statements, which are based only on information currently available to us and speak only as of the date hereof. We are under no duty to update publicly any of the forward-looking statements after the date of this earnings press release, whether as a result of new information, future events or otherwise, except as required by law. Non-GAAP Financial Measures:This press release includes certain non-GAAP financial measures. These financial measures include organic sales change, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted earnings, adjusted earnings per diluted share, debt to adjusted EBITDA, and net debt to adjusted EBITDA. These non-GAAP financial measures provide information useful to investors in understanding our operating performance and trends, and to facilitate comparisons with the performance of our peers. Management also uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities. The non-GAAP financial measures and key performance indicators we use, and computational methods with respect thereto, may differ from the non-GAAP financial measures and key performance indicators, and computational methods, that our peers use to assess their performance and trends. The presentation of these non-GAAP financial measures does not comply with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures should be viewed as supplemental in nature, and not as a substitute for, or superior to, our reported results prepared in accordance with GAAP. When non-GAAP financial measures are disclosed, the Securities and Exchange Commission's Regulation G requires: (i) the presentation of the most directly comparable financial measure calculated and presented in accordance with GAAP and (ii) a reconciliation of the differences between the non-GAAP financial measure presented and the most directly comparable financial measure calculated and presented in accordance with GAAP. For an explanation of these measures, with a reconciliation to the most directly comparable GAAP financial measure, see the Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures in the financial tables section above. View original content to download multimedia: SOURCE MSA Safety
Yahoo
6 days ago
- Business
- Yahoo
MSA Safety (MSA) Reports Q2: Everything You Need To Know Ahead Of Earnings
Safety equipment manufacturer MSA Safety (NYSE:MSA) will be reporting results this Monday afternoon. Here's what to look for. MSA Safety beat analysts' revenue expectations by 5% last quarter, reporting revenues of $421.3 million, up 1.9% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' EPS estimates. Is MSA Safety a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting MSA Safety's revenue to decline 3.2% year on year to $447.8 million, a reversal from the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.76 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MSA Safety has missed Wall Street's revenue estimates three times over the last two years. Looking at MSA Safety's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. HNI delivered year-on-year revenue growth of 7%, beating analysts' expectations by 3.2%, and MillerKnoll reported revenues up 8.2%, topping estimates by 5.3%. HNI's stock price was unchanged after the resultswhile MillerKnoll was up 12.2%. Read our full analysis of HNI's results here and MillerKnoll's results here. Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.4% on average over the last month. MSA Safety is up 2.2% during the same time and is heading into earnings with an average analyst price target of $182.20 (compared to the current share price of $175.23). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
