Home / News / US’ MSA Safety posts 20% revenue growth in Q2 FY23

US' MSA Safety posts 20% revenue growth in Q2 FY23

03 Aug '23
1 min read
Pic: MSA Safety
Pic: MSA Safety


  • Safety equipment and solutions provider MSA Safety reported a 20 per cent YoY rise in Q2 FY23 net sales to $447 million, with GAAP operating income at $95 million.
  • Adjusted earnings stood at $72 million or $1.83 per share in Q2 FY23.
  • The company paid off $59 million debt.
  • The protective apparel segment's revenue also grew 36 per cent in Q2 FY23.
US-based global safety equipment and solutions provider MSA Safety Incorporated has reported net sales growth of 20 per cent year-over-year (YoY) in the second quarter (Q2) of fiscal 2023 (FY23), reaching $447 million, bolstered by significant growth across its product portfolio and regions.

The firm's GAAP operating income hit $95 million in Q2 FY23, which equates to 21.2 per cent of sales. Adjusted operating income reached a higher figure of $104 million, or 23.2 per cent of sales, the company said in a press release.

MSA Safety has also disclosed a GAAP net income of $67 million or $1.70 per diluted share, with adjusted earnings amounting to $72 million or $1.83 per diluted share.

The company invested $10 million in capital expenditures, paid off $59 million of its debt, and distributed $18 million in dividends to its shareholders.

Additionally, the company reported growth in its protective apparel segment, with revenue rising by 36 per cent in constant currency.

Fibre2Fashion News Desk (DP)

Leave your Comments

The PExTex spacesuit concept. Pic: European Space Agency
ESA targets microbe resistance in moon spacesuits with PExTex project
Pic: Domtar
US’ First Quality completes acquisition of Domtar's Dryden Mill

Follow us