MSA Safety: 2Q Earnings Snapshot
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.