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Dec 31, 2023

MSA Q4 2023 Earnings Report

MSA Safety reported strong quarterly results driven by resilient demand.

Key Takeaways

MSA Safety reported a 12% increase in net sales, reaching $495 million, with GAAP operating income at $102 million and net income at $76 million, or $1.93 per diluted share.

Achieved net sales of $495 million, a 12% increase year-over-year.

Generated GAAP operating income of $102 million, or 20.6% of sales.

Recorded GAAP net income of $76 million, or $1.93 per diluted share.

Strengthened financial position with net leverage of 1.0x at year end.

Total Revenue
$495M
Previous year: $443M
+11.8%
EPS
$2.06
Previous year: $1.8
+14.4%
Adjusted Operating Margin
23.3%
Previous year: 21.6%
+7.9%
Gross Profit
$238M
Previous year: $197M
+20.8%
Cash and Equivalents
$146M
Previous year: $163M
-10.1%
Free Cash Flow
$150M
Previous year: $40M
+274.9%
Total Assets
$2.17B
Previous year: $2.38B
-8.7%

MSA

MSA

MSA Revenue by Segment

MSA Revenue by Geographic Location

Forward Guidance

Despite macroeconomic and geopolitical uncertainty, MSA Safety is focused on delivering mid-single digit sales growth in 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income