MSA Safety Q1 Profit Declines - Quick Facts

(RTTNews) - MSA Safety Incorporated (MSA) reported that its first-quarter net income attributable to MSA decreased to $14.03 million or $0.37 per share, from $19.29 million or $0.51 per share, previous year. Income per share from continuing operations was $0.36, compared to $0.49. Adjusted earnings was $14.95 million or $0.40 per basic share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.59 for the quarter. Analysts' estimates typically exclude special items. Net sales decreased to $265.04 million from $269.89 million. Analysts expected revenue of $280.16 million for the quarter. "Our first quarter results reflect the overall impact of generally challenging business conditions, especially outside of the U.S. And inside the U.S., the temporary obstacles caused by product approval delays has adversely effected our sales of SCBA to the fire service market," said William Lambert, MSA CEO.