MSA Safety Q1 net sales up 20% to $398M; adjusted EPS $1.36, guidance raised

MSA Safety Inc

2023-Q1 EPS reported -$3.83 revenue$398,262,000

Net sales of $398M, up 20% reported (22% constant currency) vs Q1 2022.
GAAP net loss of $150M ($3.83 diluted loss) includes $200M after-tax loss from legacy liability divestiture.
Adjusted diluted EPS of $1.36, up 24% from $1.10; adjusted operating income $77M (19.4% of sales).
Americas segment adj operating margin 25.6%; International 13.4%.
Full-year sales growth outlook raised to high single to low double digits; net leverage 2.0x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MSA Safety Inc reported the quarter ended March 31, 2023 results: revenue $398 million, net income $150 million, EPS $(3.83) per diluted share. Guidance raised.

Period: the quarter ended March 31, 2023
Revenue: $398 million
Net income: $150 million
EPS: $(3.83) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

financial results for the first quarter of 2023. Quarterly Highlights (All comparisons against the first quarter of 2022 unless otherwise noted.) • Delivered net sales of $398 million, an increase of 20% on a reported basis and 22% on a constant currency basis. • Generated GAAP operating loss of $(60) million, or (15.1)% of sales, and adjusted operating income

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Source: SEC EDGAR

accession 0000066570-23-000012

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