MSA Q2 2023 Earnings Report
Key Takeaways
MSA Safety Incorporated reported strong second-quarter results with a 20% increase in net sales year-over-year, driven by broad-based strength across its product portfolio and regions. The company is increasing its full-year sales growth outlook to low double-digits.
Net sales reached $447 million, a 20% increase year-over-year.
GAAP operating income was $95 million, or 21.2% of sales, and adjusted operating income was $104 million, or 23.2% of sales.
GAAP net income was $67 million, or $1.70 per diluted share, and adjusted earnings were $72 million, or $1.83 per diluted share.
The company repaid $59 million of debt, improving net leverage to 1.7x.
MSA
MSA
MSA Revenue by Segment
MSA Revenue by Geographic Location
Forward Guidance
MSA Safety is increasing its sales growth outlook to low double-digits for the full year and remains focused on delivering healthy margins and cash flow generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income