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MSA Safety tops 1Q profit forecasts

CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Tuesday reported first-quarter profit of $14.4 million.

The Cranberry Township, Pennsylvania-based company said it had net income of 37 cents per share. Earnings, adjusted for non-recurring costs, were 58 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The maker of safety products posted revenue of $265.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $274.3 million.

MSA Safety shares have risen almost 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $73.25, a climb of 51 percent in the last 12 months.


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


Keywords: MSA Safety, Earnings Report