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.