earnings
confidence high
sentiment neutral
materiality 0.70
MSA Safety Q2 revenue +9% to $341M; adjusted EPS $1.06; closes $337M Bacharach deal
MSA Safety Inc
2021-Q2 EPS reported
$1.56
revenue$649,717,000
- Revenue $341M, +9% reported; GAAP EPS $0.64; adjusted EPS $1.06.
- Adjusted operating income $59M (17.2% of sales) vs $59M (18.7%) a year ago.
- Completed acquisition of Bacharach for $337M on July 1, 2021; financed with debt <2% after-tax cost.
- Incoming orders exceeded both 2020 and 2019 levels; supply chain constraints drove significant backlog increase.
- Deployed ~$400M in 2021 for Bacharach and Bristol Uniforms acquisitions; management confident in H2.