MSA Safety: Q4 Earnings Snapshot

Audio By Carbonatix

CRANBERRY TOWNSHIP, Pa. (AP) — CRANBERRY TOWNSHIP, Pa. (AP) — MSA Safety Inc. (MSA) on Wednesday reported fourth-quarter earnings of $87.9 million.

On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had net income of $2.22. Earnings, adjusted for one-time gains and costs, came to $2.25 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.

The maker of safety products posted revenue of $499.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $517.9 million.

For the year, the company reported profit of $285 million, or $7.21 per share. Revenue was reported as $1.81 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSA at https://www.zacks.com/ap/MSA