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Jun 30, 2022
MSA Q2 2022 Earnings Report
MSA Safety's second quarter results demonstrated strong growth, driven by the execution of strategy and a robust demand environment.
Key Takeaways
MSA Safety reported a 9% increase in total sales to $372 million and GAAP earnings of $1.21 per diluted share. The company's performance was driven by robust demand across diversified end markets and excellent operational execution.
Total sales increased by 9% year-over-year, reaching $372 million.
GAAP operating income was $62 million, representing 16.5% of sales.
GAAP earnings per diluted share were $1.21, compared to $0.64 in the same period last year.
The company funded an $18 million dividend and repurchased $28 million in shares during the quarter.
Revenue by Geographic Location
Forward Guidance
Despite economic uncertainties, MSA remains confident in its ability to execute its strategy and drive long-term value, entering the second half with record backlog and a healthy balance sheet.
Positive Outlook
- Strong order activity throughout the quarter.
- Key end markets remain healthy, with broad-based demand.
- Significant fire service breathing apparatus orders awarded.
- Successfully managing through a dynamic macroeconomic environment.
- Record backlog and a very healthy balance sheet.
Challenges Ahead
- Ongoing supply chain issues.
- Supply chain challenges impacted growth.
- Supply chain challenges impacted working capital.
- Supply chain challenges impacted cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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