NYSE$MSA

MSA Safety Incorporated · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

MSA Safety reported resilient margins and EPS growth despite a modest sales contraction.

MSA Safety reported Q3 2024 results with net sales of $433 million, a 3% year-over-year decrease. GAAP operating income was $91 million, or 21.1% of sales, and adjusted operating income was $98 million, or 22.6% of sales. GAAP net income was $67 million, or $1.69 per diluted share, and adjusted earnings were $72 million, or $1.83 per diluted share.

  • Net sales reached $433 million, a 3% decrease year-over-year.
  • GAAP operating income was $91 million (21.1% of sales), and adjusted operating income was $98 million (22.6% of sales).
  • GAAP net income was $67 million ($1.69 per diluted share), and adjusted earnings were $72 million ($1.83 per diluted share).
  • The company repaid $38 million of debt, returned $20 million to shareholders through dividends, invested $14 million for capital expenditures, and repurchased $10 million of common stock.

Headline financials

Total Revenue

$433M

Previous: $447M-3.1%
EPS

$1.69

Previous: $1.78-5.1%
Operating Margin

21.1%

Previous: 21.1%+0.0%
Adjusted Operating Margin

22.6%

Previous: 22.7%-0.4%
Adjusted EBITDA

$112M

No prior period
Adjusted EBITDA Margin

25.8%

No prior period
Free Cash Flow Conversion

105.0%

No prior period
Capital Expenditures

-$39.8M

Previous: -$12.7M-214.6%
Free Cash Flow

$149M

Previous: $112M+32.6%
Net Income

$66.6M

Previous: $65M+2.5%
Operating Income

$91.5M

Previous: $94M-2.7%
Gross Profit

$207M

Previous: $219M-5.2%
Cash & Equivalents

$154M

Previous: $164M-6.2%
Total Assets

$2.24B

Previous: $2.19B+2.2%
Stock-Based Comp

$4.22M

Previous: $8.48M-50.3%

Revenue & EPS history

MSA · Revenue · Quarterly

$433M

Q3 2024-3.1%vs Q3 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

MSA Safety expects mid-single-digit sales growth in the fourth quarter, resulting in low-single-digit top-line growth for the full year.

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 2024

Historical avgQ3 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