MSA reports flat third quarter

Share with others:


Print Email Read Later

Cranberry safety products maker MSA today reported a third quarter profit of $19.5 million, comparable to what it earned in the same period a year ago but below analyst estimates.

The company said factors crimping business included automatic federal budget cuts that delayed the certification of new breathing equipment used by firefighters and weaker than normal conditions in global mining markets.

Third quarter earnings of 52 cents per share came on sales of $278.2 million. In the year-ago quarter, MSA reported net income of $19.2 million, or 51 cents per share, on sales of $286.6 million.

Analysts surveyed by Bloomberg had forecast earnings of 70 cents per share on sales of $299 million.

The results were released before the market opened. MSA shares finished Tuesday at $53.48, down 83 cents. They are up 25 percent this year.


Len B oselovic: lboselovic@post-gazette,com or 412-263-1941.

Join the conversation:

Commenting policy | How to report abuse
To report inappropriate comments, abuse and/or repeat offenders, please send an email to socialmedia@post-gazette.com and include a link to the article and a copy of the comment. Your report will be reviewed in a timely manner. Thank you.
Commenting policy | How to report abuse

Advertisement
Advertisement
Advertisement

You have 2 remaining free articles this month

Try unlimited digital access

If you are an existing subscriber,
link your account for free access. Start here

You’ve reached the limit of free articles this month.

To continue unlimited reading

If you are an existing subscriber,
link your account for free access. Start here