MSA Safety Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 02:15 am IST
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MSA Safety Incorporated reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 446.73 million compared to USD 381.69 million a year ago. Net income was USD 65.26 million compared to USD 44.91 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 1.65 compared to USD 1.14 a year ago.
For the nine months, sales was USD 1,292.29 million compared to USD 1,084.7 million a year ago. Net loss was USD 17.83 million compared to net income of USD 128.14 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to basic earnings per share from continuing operations of USD 3.26 a year ago. Diluted loss per share from continuing operations was USD 0.46 compared to diluted earnings per share from continuing operations of USD 3.25 a year ago.
MSA Safety Incorporated provides advanced safety products, technologies and solutions. The Company's product line is used to protect workers and facility infrastructures. The Company's product portfolio includes firefighter safety gear where core products include self-contained breathing apparatus, protective apparel and helmets; detection where core products include fixed gas and flame detection systems and portable gas detection instruments, and industrial personal protective equipment where core products include industrial head protection and fall protection devices. Its segments include Americas, International and Corporate. The Company serves its markets across the Americas with manufacturing facilities in the United States, Mexico and Brazil. The International segment includes companies in Europe, the Middle East and Africa, and the Asia Pacific region. It serves various markets, including fire service, energy, utility, construction and industrial manufacturing applications.