MSA Q1 2021 Earnings Report
Key Takeaways
MSA Safety Incorporated reported a decrease in revenue by 10 percent to $308 million compared to the previous year. GAAP operating income was $44 million, or 14.3 percent of sales, while GAAP earnings were $36 million, or $0.92 per diluted share. The company deployed $63 million for the acquisition of Bristol Uniforms, invested $10 million in strategic capital expenditures, and funded $17 million of dividends to shareholders.
Revenue decreased by 10 percent compared to the previous year, totaling $308 million.
GAAP operating income was $44 million, representing 14.3 percent of sales.
GAAP earnings amounted to $36 million, or $0.92 per diluted share.
The company invested in strategic acquisitions, capital expenditures, and shareholder dividends.
MSA
MSA
MSA Revenue by Segment
MSA Revenue by Geographic Location
Forward Guidance
MSA's incoming orders strengthened in March and April, and backlog levels are healthy to start the second quarter. While economic recovery may not be a straight line, the company is optimistic that the worst is behind from a demand perspective.
Positive Outlook
- Incoming orders strengthened in March and April.
- Backlog levels are healthy to start the second quarter.
- Optimistic that the worst is behind from a demand perspective.
- New product development pipeline.
- Strong balance sheet position the company well to increase shareholder value.
Challenges Ahead
- Economic recovery may not be a straight line.
- Pandemic effects on the economy impacted quarterly results.
- Revenue decreased 10 percent from a year ago.
- GAAP operating income decreased from 17.2 percent to 14.3 percent of sales.
- GAAP earnings decreased from $1.11 to $0.92 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income