earnings
confidence high
sentiment neutral
materiality 0.75
MSA Safety Q4 record revenue $410M, GAAP loss $1.57/sh on $160M liability charge
MSA Safety Inc
2021-FY EPS reported
$0.54
revenue$1,400,182,000
- Record Q4 revenue $410M (+6% YoY); core product revenue +9%.
- GAAP net loss $61M ($1.57 diluted loss); adjusted EPS $1.67 beats $1.33 YoY.
- Q4 GAAP operating loss $89M includes $160M pre-tax product liability reserve increase.
- Americas adj. operating margin 23.9%, International 19.9%; total adj. EBITDA margin 22.3%.
- Full-year adjusted EPS $4.68 vs $4.60; net leverage 1.6x; record backlog entering 2022.