MSA Q3 2022 Earnings Report
Key Takeaways
MSA Safety reported strong third-quarter results with double-digit organic sales growth and margin expansion. The company saw robust demand across its product portfolio, ending the quarter with record backlog.
Total sales reached $382 million, with organic growth of 12% and constant currency growth of 16% year-over-year.
GAAP operating income was $64 million, representing 16.8% of sales, while adjusted operating income was $75 million, or 19.7% of sales.
GAAP earnings were $45 million, or $1.14 per diluted share, compared to $21 million, or $0.54 per diluted share in the same period last year. Adjusted earnings were $57 million or $1.45 per diluted share.
Operating cash flow increased to $64 million, compared to $46 million in the same period a year ago.
MSA
MSA
MSA Revenue by Segment
MSA Revenue by Geographic Location
Forward Guidance
The company is continuing to invest in developing new safety technologies that advance the MSA mission, contribute to profitable growth, and drive stakeholder value - all while navigating through the current macroeconomic uncertainties
Revenue & Expenses
Visualization of income flow from segment revenue to net income