MSA Safety: 3Q Earnings Snapshot
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.