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Dec 31, 2022
MSA Q4 2022 Earnings Report
MSA Safety reported record quarterly sales and strong operating performance driven by strength across product portfolio and healthy customer demand.
Key Takeaways
MSA Safety Incorporated reported record net sales of $443 million for the fourth quarter of 2022, an increase of 8% on a reported basis and 11% on a constant currency basis. GAAP operating income was $71 million, or 15.9% of sales, and adjusted operating income was $96 million, or 21.6% of sales. The company recorded GAAP earnings of $51 million or $1.31 per diluted share and adjusted earnings of $71 million or $1.80 per diluted share.
Delivered record net sales of $443 million, an increase of 8% on a reported basis and 11% on a constant currency basis.
Generated GAAP operating income of $71 million, or 15.9% of sales, and adjusted operating income of $96 million, or 21.6% of sales.
Recorded GAAP earnings of $51 million or $1.31 per diluted share and adjusted earnings of $71 million or $1.80 per diluted share.
Achieved operating cash flow of $54 million. Free cash flow was $40 million, representing 77% of net income.
Revenue by Geographic Location
Forward Guidance
The company expects to deliver full year growth in the mid-single digits, healthy incremental margins and robust cash flow conversion in 2023.
Positive Outlook
- Strong momentum entering 2023.
- Continued demand and growth opportunities across markets.
- Resilient business due to strategic portfolio composition.
- Diverse end markets and geographies.
- Elevated backlog could help cushion an economic slowdown.
Challenges Ahead
- Operating environment expected to remain challenging as we progress through 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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