CRANBERRY TOWNSHIP, Pa. (AP) — CRANBERRY TOWNSHIP, Pa. (AP) — MSA Safety Inc. (MSA) on Wednesday reported fourth-quarter earnings of $87.9 million.
On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had net income of $2.22. Earnings, adjusted for one-time gains and costs, came to $2.25 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
The maker of safety products posted revenue of $499.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $517.9 million.
For the year, the company reported profit of $285 million, or $7.21 per share. Revenue was reported as $1.81 billion.
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