MSA Q2 net sales $447M (+20% YoY); raises FY sales outlook to low double-digits

MSA Safety Inc

2023-Q1 EPS reported -$2.12 revenue$845,561,000

Net sales $447M (+20% YoY); GAAP EPS $1.70; adjusted EPS $1.83 (+42% YoY on adjusted basis).
GAAP operating income $95M (21.2% sales); adjusted operating income $104M (23.2% sales).
Net income $67M (+41% YoY); cash flow from operations $95M; repaid $59M debt, paid $18M dividends.
Raising FY 2023 sales growth outlook to low double-digits; net leverage improved to 1.7x from 2.0x.
Americas segment sales $308M (+22% YoY), adjusted op margin 30.7%; International $139M (+16% YoY), adj op margin 15.7%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MSA Safety Inc reported the quarter ended June 30, 2023 results: revenue $447 million, net income $67 million, EPS $1.70 per diluted share. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $447 million
Net income: $67 million
EPS: $1.70 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Global safety equipment and solutions provider MSA Safety Incorporated (NYSE: MSA) today reported financial results for the second quarter of 2023. Quarterly Highlights • Achieved quarterly net sales of $447 million, a 20% increase year-over-year, reflecting broad-based strength across MSA's product portfolio and regions. • Generated GAAP operating income of $95 million, or 21.2% of sales, and adjusted operating income of $104 million, or 23.2% of sales. • Recorded GAAP net income of $67 million, or $1.70 per diluted share, and adjusted earnings of $72 million, or $1.83 per diluted share.

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Source: SEC EDGAR

accession 0000066570-23-000035

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