MSA Safety: 4Q Earnings Snapshot
CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported fourth-quarter net income of $24.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had net income of 64 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.27 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The maker of safety products posted revenue of $361.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $364.8 million.
For the year, the company reported profit of $124.2 million, or $3.18 per share. Revenue was reported as $1.36 billion.
MSA Safety shares have increased 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $100.15, a rise of 31 percent in the last 12 months.