MSA Q2 2021 Earnings Report
Key Takeaways
MSA Safety Incorporated reported a 9 percent increase in revenue to $341 million compared to the previous year. GAAP earnings were $25 million, or $0.64 per diluted share, while adjusted earnings were $42 million, or $1.06 per diluted share. The company completed the acquisition of Bacharach, Inc. on July 1, 2021, and anticipates continued growth in the second half of the year.
Revenue increased by 9 percent year-over-year, reaching $341 million.
GAAP operating income was $35 million, or 10.3 percent of sales.
Completed the acquisition of Bacharach, Inc. on July 1, 2021.
Incoming order activity exceeded both 2020 and 2019 comparable periods.
MSA
MSA
MSA Revenue by Segment
MSA Revenue by Geographic Location
Forward Guidance
The recent acquisitions, ongoing new product development investments, and the uptick in our order book position us well for the second half of 2021. I remain very confident in our ability to strengthen our market positions as business conditions continue to improve.
Positive Outlook
- Recent acquisitions will add defensiveness to the portfolio.
- Ongoing new product development investments are fueling growth.
- Uptick in order book positions the company well.
- Confident in strengthening market positions.
- Business conditions continue to improve.
Revenue & Expenses
Visualization of income flow from segment revenue to net income