MSA Safety Q2 sales, adjusted EPS beat expectations
Overview
MSA Safety Q2 net sales rise 3%, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 beats consensus, indicating strong operational performance
Co acquires M&C TechGroup for $188 mln
Outlook
MSA Safety reaffirms low-single-digit organic sales growth for 2025
Company acknowledges risks from macroeconomic factors and the timing of the NFPA standard approval process
Result Drivers
BACKLOG CONVERSION - Strong conversion of key customer orders from backlog supported quarterly performance, per CEO Steve Blanco
ACQUISITION - Acquisition of M&C TechGroup expanded detection market and diversified end markets
PRODUCT CATEGORY MOMENTUM - Growth in detection and fall protection categories contributed to sales increase
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $474.10 mln | $446.90 mln (6 Analysts) |
Q2 Adjusted EPS | Beat | $1.93 | $1.78 (6 Analysts) |
Q2 EPS | $1.59 | ||
Q2 Adjusted Net Income | Beat | $75.90 mln | $71.10 mln (5 Analysts) |
Q2 Net Income | $62.80 mln | ||
Q2 Adjusted Operating Income | Beat | $101.40 mln | $93.90 mln (6 Analysts) |
Q2 Operating Income | $85.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy"
Wall Street's median 12-month price target for MSA Safety Inc is $182.00, about 3.7% above its August 1 closing price of $175.23
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release:
