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MSA Safety: 3Q Earnings Snapshot

October 23, 2019 GMT

CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported third-quarter earnings of $42.2 million.

The Cranberry Township, Pennsylvania-based company said it had profit of $1.08 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.15 per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.15 per share.

The maker of safety products posted revenue of $351 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $347.1 million.

MSA Safety shares have risen 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $112.25, an increase of 15% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSA at https://www.zacks.com/ap/MSA