MSA SAFETY Announces FY2023 Second Quarter Earnings Results for Period Ending June 30 2023
August 7, 2023
☀️Earnings Overview
MSA SAFETY ($NYSE:MSA) announced its second quarter earnings for the fiscal year 2023 on July 31 2023. These results pertained to the period ending June 30 2023, and revealed that the company’s total revenue was USD 447.3 million, a rise of 20.1% from the same quarter in the prior fiscal year. Net income increased 40.7%, amounting to USD 67.1 million.
Price History
MSA SAFETY recently announced their FY2023 Second Quarter earnings results for the period ending June 30 2023. On Monday, the stock opened at $166.2 and closed at $166.0, showing a decrease of 0.5% from the prior closing price of 166.9. Despite this, the company has seen a steady increase in its overall market share and valuation during the past fiscal year. The company also reported a 10% increase in operating income and 10% growth in gross profit compared to the same period in the previous fiscal year.
Despite these positive financial results, MSA SAFETY faces challenges from competitors in the industry and potential regulatory changes that could affect their operations. The company is focused on developing new technologies and products to ensure they remain competitive in the market. This quarter’s report showed that MSA SAFETY is well-positioned to overcome any challenges that come their way and maintain their market share and profitability in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Msa Safety. More…
| Total Revenues | Net Income | Net Margin |
| 1.67k | 13.27 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Msa Safety. More…
| Operations | Investing | Financing |
| -73.36 | -14.53 | 113.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Msa Safety. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.2k | 1.37k | 19.6 |
Key Ratios Snapshot
Some of the financial key ratios for Msa Safety are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | 10.9% | 11.2% |
| FCF Margin | ROE | ROA |
| -6.9% | 15.2% | 5.3% |
Analysis
At GoodWhale, we conducted an analysis of MSA SAFETY‘s fundamentals. Our Star Chart revealed that MSA SAFETY has a high health score of 8/10 with regard to its cashflows and debt, which indicates that it is capable to sustain future operations in times of crisis. Furthermore, our analysis classified MSA SAFETY as a ‘gorilla’ type of company. This means that MSA SAFETY has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are interested in a company with strong dividends, profitability, and medium asset and growth may consider investing in MSA SAFETY. The company’s strong fundamentals, as indicated by its high health score, suggest that its operations are secure and it is likely to deliver on its promises. Thus, investors interested in a reliable investment option may find MSA SAFETY to be an attractive option. More…
Peers
Its competitors include RIKEN KEIKI Co Ltd, Burckhardt Compression Holding AG, Hydrogen Engine Center Inc.
– RIKEN KEIKI Co Ltd ($TSE:7734)
Riken Keiki Co Ltd, a leading provider of scientific and industrial instruments, has a market cap of 118.24B as of 2022. The company’s return on equity (ROE) is 11.4%. Riken Keiki is primarily engaged in the development, manufacture and sale of gas detectors, gas analyzers and other measuring instruments. The company’s products are used in a wide range of industries, including environmental protection, petrochemicals, pharmaceuticals, food and beverage, and semiconductors.
– Burckhardt Compression Holding AG ($LTS:0QNN)
Burckhardt Compression Holding AG is a leading global provider of compression solutions for the process industry. The company has a market cap of 1.75B as of 2022 and a Return on Equity of 18.77%. Burckhardt Compression develops, manufactures, and markets a broad range of high-pressure reciprocating compressors, process gas compressors, and related systems and components for a wide range of applications in the oil & gas, chemical, petrochemical, and other industries.
– Hydrogen Engine Center Inc ($OTCPK:HYEG)
Hydrogen Engine Center Inc is a company that manufactures hydrogen engines and fuel cells. The company has a market cap of 3.02M as of 2022 and a return on equity of -161.96%. The company’s products are used in a variety of applications, including stationary power generation, material handling, and transportation.
Summary
MSA SAFETY recently reported its fiscal year 2023 second quarter earnings, showing impressive performance. Total revenue was up 20.1% from the same period last year, reaching USD 447.3 million. Net income also saw a substantial increase of 40.7%, reaching USD 67.1 million. This performance is highly encouraging and suggests that investors should continue to consider MSA SAFETY as a strong investment opportunity.
The company has demonstrated its ability to generate steady revenue growth even during periods of market uncertainty. As such, MSA SAFETY is expected to remain a key player in the industry, providing investors with reliable and attractive returns.
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