MSA Q1 2024 Earnings Report
Key Takeaways
MSA Safety reported a solid start to 2024, achieving a 4% increase in net sales to $413 million. The company saw robust margin expansion, with GAAP operating income at 19.4% of sales and adjusted operating income at 21.3%. GAAP net income reached $58 million, or $1.47 per diluted share, while adjusted earnings were $63 million, or $1.61 per diluted share.
Net sales reached $413 million, a 4% increase year-over-year.
GAAP operating income was $80 million, or 19.4% of sales, and adjusted operating income was $88 million, or 21.3% of sales.
GAAP net income was $58 million, or $1.47 per diluted share, and adjusted earnings were $63 million, or $1.61 per diluted share.
The company is maintaining its mid-single digit full year sales growth outlook.
MSA
MSA
MSA Revenue by Segment
MSA Revenue by Geographic Location
Forward Guidance
MSA Safety is maintaining its growth outlook of mid-single digits for the full year, taking into consideration the solid start to the year in both sales and orders while keeping a close eye on global economic trends.
Revenue & Expenses
Visualization of income flow from segment revenue to net income