MSA Safety Posts Higher Q4 Profit

(RTTNews) - Safety equipment manufacturer MSA Safety Inc. (MSA) reported net income for the fourth quarter of $32.7 million or $0.86 per share, compared to $25.4 million or $0.67 per share for the year-ago quarter.

Income from continuing operations for the fourth quarter was $33.1 million or $0.87 per share, compared to $24.9 million or $0.66 per share in the prior year quarter.

Excluding items, adjusted earnings for the latest quarter were $35.3 million or $0.94 per basic share

Net sales for the fourth quarter rose 7% to $312.97 million from $290.14 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.71 per share on revenue of $301.12 million for the fourth quarter. Analysts' estimates typically exclude special items.