SoFi shares rise as record revenue, member growth drive strong Q3 results
Investing.com -- MSA Safety Incorporated (NYSE:MSA) shares jumped 4% in after-hours trading Tuesday after the global safety equipment provider reported third-quarter results that exceeded analyst expectations, driven by strong performance in detection equipment and fall protection products.
The company reported adjusted earnings of $1.94 per diluted share for the third quarter, surpassing the analyst estimate of $1.89. Revenue reached $468.4 million, beating the consensus estimate of $460.02 million and representing an 8% increase compared to the same period last year. Organic sales growth was 3% YoY.
"Our financial performance in the third quarter reflected solid results, demonstrating our continued execution of our Accelerate strategy," said Steve Blanco, President and CEO of MSA Safety. "We continued our broad-based momentum in fixed and portable detection and delivered double-digit growth in fall protection."
The company’s adjusted operating income rose 6% to $103.7 million, representing 22.1% of sales. Free cash flow generation was particularly strong at $100.5 million, a 43% increase from the previous year, allowing the company to repay $50 million in debt and reduce its net leverage to 1.0x.
MSA Safety maintained its outlook for low-single-digit organic sales growth for 2025, despite noting timing challenges related to the U.S. Government shutdown and delays in the Assistance to Firefighter Grants program. These factors are expected to shift some fourth-quarter sales to 2026, particularly in the fire service segment.
The International segment showed impressive growth with sales increasing 16% to $155.1 million, while the Americas segment grew 5% to $313.3 million compared to the third quarter of 2024.
Julie Beck, MSA Safety’s Chief Financial Officer, indicated the company plans to repurchase shares in the fourth quarter following strong free cash flow generation year-to-date.
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