earnings
confidence high
sentiment positive
materiality 0.70
MSA Safety Q1 2024: sales $413M (+4% YoY), adjusted EPS $1.61 (+18%), margin expands
MSA Safety Inc
2024-Q1 EPS reported
$1.47
revenue$413,302,000
- Net sales $413M (+4% YoY); GAAP diluted EPS $1.47 vs (3.83) loss last year.
- Adjusted operating income $88M, margin 21.3% (up from 19.4%); adjusted EBITDA $101M, margin 24.5%.
- Americas segment sales $295.5M (+5%) with 29.2% adjusted op margin; International $117.8M (flat) with 11.5% margin.
- Maintained full-year mid-single digit sales growth outlook; Investor Day on May 22, 2024 announced.
- Cash flow from operations $50.9M; capex $11M; returned $18.5M via dividends; repaid $5M debt.