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MSA Safety: 2Q Earnings Snapshot

July 24, 2019

CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported second-quarter earnings of $39.8 million.

The Cranberry Township, Pennsylvania-based company said it had profit of $1.01 per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.22 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The maker of safety products posted revenue of $349.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $353.9 million.

MSA Safety shares have climbed 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $110.45, a climb of 12% 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