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
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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