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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.
MSA
MSA
MSA Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.com 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.
- Growing economic uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income