NYSE$MSA
MSA Safety Incorporated · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
MSA Safety's first quarter benefited from strong demand and strategic execution amidst supply chain and inflationary challenges.
MSA Safety reported a 7% increase in total sales, reaching $331 million, with a 9% increase on a constant currency basis. The growth was supported by acquisitions and organic activity, despite challenges in the supply chain and inflationary environment. Adjusted earnings per diluted share increased to $1.10, compared to $0.95 in the same period last year.
- Total sales increased by 7% to $331 million, or 9% on a constant currency basis, driven by acquisitions and organic growth.
- GAAP operating income stood at $42.7 million, representing 12.9% of sales, while adjusted operating income reached $53.8 million, or 16.3% of sales.
- GAAP earnings were $35.5 million, resulting in $0.90 per diluted share, while adjusted earnings amounted to $43.6 million, or $1.10 per diluted share.
- Operating cash flow was $24.5 million, impacted by increased investment in working capital due to growth and supply chain issues.
Headline financials
Revenue & EPS history
MSA · Revenue · Quarterly
$331M
Forward guidance
The company remains confident in executing its long-term vision, focusing on safety technologies and infrastructure protection, with a strong balance sheet supporting growth investments and shareholder returns, despite a dynamic operating environment.
Tailwinds
- Strong demand for products continues.
- Recently-launched innovative technologies, including ALTAIR io™ 4 Gas Detection Wearable device and V-Gard® C1 Hard Hat with ReflectIR™ Thermal Barrier technology.
- Significant progress integrating Bacharach, contributing positively to our results in the quarter
- Demand strengthened through the quarter.
- Balance sheet remains strong
Headwinds
- Challenging supply chain.
- Inflationary environment.
- Seeing the effects of supply chain challenges and inflation throughout our regions.
- Operating environment remains dynamic.
- Increased investment in working capital
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.4%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+0.8%
Avg return
30 days after
62%
42 / 68 earnings
Positive
+11.8%
Q1 2017
Best reaction
-8.5%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +3.0% | -2.1% | |
| Q4 2025 | +3.2% | +2.7% | -9.9% | |
| Q3 2025 | +4.0% | -4.1% | -0.9% | |
| Q1 2025 | +2.0% | +0.9% | +5.6% | |
| Q4 2024 | +0.2% | -2.0% | -7.7% | |
| Q3 2024 | -1.5% | -1.4% | +3.3% | |
| Q2 2024 | -1.7% | -3.4% | -9.3% | |
| Q1 2024 | -4.4% | -2.6% | -5.4% | |
| Q4 2023 | +1.7% | +1.9% | +4.6% | |
| Q3 2023 | +7.6% | +6.5% | +12.3% | |
| Q2 2023 | +7.8% | +5.6% | +8.9% | |
| Q1 2023 | +2.1% | +3.4% | +6.0% | |
| Q4 2022 | +2.1% | +2.7% | -5.4% | |
| Q3 2022 | +11.0% | +13.4% | +20.0% | |
| Q2 2022 | -4.5% | -0.6% | -5.8% | |
| Q1 2022 | +0.0% | -2.4% | +6.4% | |
| Q4 2021 | +0.9% | -0.5% | -1.7% | |
| Q3 2021 | -0.9% | -4.1% | -2.7% | |
| Q2 2021 | +1.3% | -0.4% | -1.6% | |
| Q1 2021 | +1.0% | +2.1% | +5.9% | |
| Q4 2020 | -0.5% | +0.2% | -6.6% | |
| Q3 2020 | -6.0% | -3.0% | +6.6% | |
| Q2 2020 | +1.7% | +2.3% | +6.5% | |
| Q1 2020 | +8.0% | +8.2% | +14.1% | |
| Q4 2019 | -5.7% | -7.9% | -31.0% | |
| Q3 2019 | -1.5% | +3.5% | +7.9% | |
| Q2 2019 | -3.9% | -3.2% | -8.9% | |
| Q1 2019 | -2.1% | +2.0% | -3.7% | |
| Q4 2018 | +3.7% | +2.4% | -1.6% | |
| Q3 2018 | +9.9% | +7.8% | +8.7% | |
| Q2 2018 | +0.1% | +0.9% | +1.7% | |
| Q1 2018 | -1.1% | -2.5% | +2.1% | |
| Q4 2017 | +3.4% | +7.7% | +4.6% | |
| Q3 2017 | +2.2% | +0.6% | -1.8% | |
| Q2 2017 | -7.5% | -9.4% | -8.1% | |
| Q1 2017 | +11.8% | +7.6% | +9.6% | |
| Q4 2016 | +1.3% | +3.5% | -1.5% | |
| Q3 2016 | -0.5% | +2.0% | +13.9% | |
| Q2 2016 | -0.2% | -2.9% | -0.4% | |
| Q1 2016 | -4.1% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | -6.3% | — | — | |
| Q2 2015 | +11.5% | — | — | |
| Q1 2015 | -4.0% | — | — | |
| Q4 2014 | +7.4% | — | — | |
| Q3 2014 | -1.9% | — | — | |
| Q2 2014 | -1.5% | — | — | |
| Q1 2014 | -0.7% | — | — | |
| Q4 2013 | +8.7% | — | — | |
| Q3 2013 | -8.5% | — | — | |
| Q2 2013 | +6.0% | — | — | |
| Q1 2013 | -5.1% | — | — | |
| Q4 2012 | +10.7% | — | — | |
| Q3 2012 | +4.3% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | +10.6% | — | — | |
| Q2 2011 | +3.7% | — | — | |
| Q1 2010 | +9.8% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q4 2008 | -3.7% | — | — | |
| Q3 2010 | +4.5% | — | — | |
| Q3 2009 | +4.5% | — | — | |
| Q2 2009 | +0.8% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q2 2010 | +0.8% | — | — |
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