CRANBERRY TOWNSHIP, Pa. (AP) — CRANBERRY TOWNSHIP, Pa. (AP) — MSA Safety Inc. (MSA) on Monday reported first-quarter net income of $71.3 million.
The Cranberry Township, Pennsylvania-based company said it had net income of $1.83 per share. Earnings, adjusted for one-time gains and costs, were $1.99 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The maker of safety products posted revenue of $463.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $450.9 million.
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