NYSE$MSA

MSA Safety Incorporated · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported strong third-quarter results with double-digit sales and earnings growth, increasing full-year sales growth outlook to mid-teens.

MSA Safety Incorporated reported a 17% increase in net sales, reaching $447 million in Q3 2023. GAAP operating income was $94 million, or 21.1% of sales, and adjusted operating income was $101 million, or 22.7% of sales. GAAP net income stood at $65 million, or $1.65 per diluted share, with adjusted earnings of $70 million, or $1.78 per diluted share.

  • Achieved quarterly net sales of $447 million, a 17% increase year-over-year.
  • GAAP operating income reached $94 million, or 21.1% of sales; adjusted operating income was $101 million, or 22.7% of sales.
  • GAAP net income was $65 million, or $1.65 per diluted share; adjusted earnings were $70 million, or $1.78 per diluted share.
  • The company is increasing its sales growth outlook to the mid-teens for the full year 2023.

Headline financials

Total Revenue

$447M

Previous: $382M+17.0%
EPS (adj)

$1.78

Previous: $1.45+22.8%
Operating Margin

21.1%

Previous: 16.8%+25.6%
Adjusted Operating Margin

22.7%

Previous: 19.7%+15.2%
Capital Expenditures

-$12.7M

Previous: -$28.8M+56.0%
Free Cash Flow

$112M

Previous: $75.2M+49.2%
Net Income

$65M

Previous: $44.9M+44.7%
Operating Income

$94M

Previous: $64.3M+46.2%
Gross Profit

$219M

Previous: $169M+29.1%
Cash & Equivalents

$164M

Previous: $160M+3.1%
Total Assets

$2.19B

Previous: $2.39B-8.1%
R&D Expense

$17.7M

No prior period
Stock-Based Comp

$8.48M

Previous: $2.97M+185.7%

Revenue & EPS history

MSA · Revenue · Quarterly

$447M

Q3 2023+17%vs Q3 2022
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Based on robust year-to-date performance, MSA is increasing its sales growth outlook to the mid-teens for the full year 2023.

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 Q3 2023

Historical avgQ3 2023

+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%

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