NYSE$MSA

MSA Safety Incorporated · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

MSA Safety reported healthy sales growth and robust margin expansion.

MSA Safety reported a solid start to 2024, achieving a 4% increase in net sales to $413 million. The company saw robust margin expansion, with GAAP operating income at 19.4% of sales and adjusted operating income at 21.3%. GAAP net income reached $58 million, or $1.47 per diluted share, while adjusted earnings were $63 million, or $1.61 per diluted share.

  • Net sales reached $413 million, a 4% increase year-over-year.
  • GAAP operating income was $80 million, or 19.4% of sales, and adjusted operating income was $88 million, or 21.3% of sales.
  • GAAP net income was $58 million, or $1.47 per diluted share, and adjusted earnings were $63 million, or $1.61 per diluted share.
  • The company is maintaining its mid-single digit full year sales growth outlook.

Headline financials

Total Revenue

$413M

Previous: $398M+3.8%
EPS

$1.47

Previous: $1.36+8.1%
Operating Margin

19.4%

No prior period
Adjusted Operating Margin

21.3%

Previous: 19.4%+9.8%
Adjusted EBITDA

$101M

Previous: $89.6M+12.9%
Adjusted EBITDA Margin

24.5%

No prior period
Free Cash Flow Conversion

68.0%

No prior period
Capital Expenditures

-$11.2M

Previous: -$8.4M-33.5%
Free Cash Flow

$39.7M

Previous: -$294M+113.5%
Net Income

$58.1M

Previous: -$150M+138.7%
Operating Income

$80.1M

Previous: -$60.1M+233.4%
Gross Profit

$196M

Previous: $181M+7.8%
Cash & Equivalents

$148M

Previous: $139M+6.8%
Total Assets

$2.17B

Previous: $2.18B-0.2%
R&D Expense

$15.9M

No prior period
Stock-Based Comp

$4.19M

Previous: $6.27M-33.2%

Revenue & EPS history

MSA · Revenue · Quarterly

$413M

Q1 2024+3.8%vs Q1 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

MSA Safety is maintaining its growth outlook of mid-single digits for the full year, taking into consideration the solid start to the year in both sales and orders while keeping a close eye on global economic trends.

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 2024

Historical avgQ1 2024

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro