MSA Safety Incorporated (MSA)
NYSE:MSA
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.14Last Year’s EPS
1.93Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid operational and financial start to 2026 with double-digit reported revenue growth, strong margin expansion, healthy free cash flow, a substantial share repurchase program, product launches, and an accretive strategic acquisition (Autronica). Counterbalancing these positives are material near-term headwinds in International (organic decline and margin compression), geopolitical disruption in the Middle East, timing delays in fire service grant-funded orders, and ongoing inflation/tariff and supply chain pressures. Management reaffirmed mid-single-digit organic guidance and expects international recovery later in the year, supporting a constructive outlook despite regional uncertainties.Company Guidance
Revenue and Organic Growth
Q1 sales of $464 million, reported sales growth +10% year-over-year and organic sales +3%; currency translation contributed +4% and the M&C TechGroup acquisition added ~3% (≈$15M).
Earnings and Margin Expansion
Adjusted diluted EPS of $1.99, up 18% YoY; GAAP diluted EPS $1.83, up 21% YoY. GAAP gross margin 47.4% (+150 bps YoY) and adjusted gross margin 48.1% (+170 bps YoY). Adjusted operating margin 21.8% (+100 bps YoY) with an adjusted incremental operating margin of 32%.
Americas Segment Strength
Americas sales +11% reported and +7% organic; broad-based organic growth across product categories with high single-digit contributions from fire service and detection and mid-single-digit performance in industrial PPE. Americas adjusted operating margin 30.2%, up 340 bps YoY.
Free Cash Flow and Capital Returns
Generated $65 million of free cash flow (91% of earnings), a 28% increase YoY. Returned $71 million to shareholders ($50M share repurchases, $21M dividends). Announced a new $500M share repurchase authorization (largest ever) with $475M remaining and ended quarter with $1.2B liquidity and net leverage of 0.9x.
Strategic M&A: Autronica Agreement
Signed definitive agreement to acquire Autronica Fire & Security for $555M; Autronica generated ~ $160M sales in 2025 with adjusted EBITDA margins ~20%. Transaction expands addressable market by ~$3B, expected to be accretive to adjusted EPS in year 1 and to close in Q3 with pro forma net leverage ~2x at close; synergies to begin in H2 of year 1 and fully realize over ~3 years.
Product Innovation and New Product Launches
Began shipping the ALTAIR io 6 connected portable gas detector (complements io 4) and launched Bacharach X30/X50 refrigerant monitoring solutions. R&D investment of $16M in the quarter supports product pipeline and connected ecosystem growth.
Industrial PPE and Short-Cycle Momentum
Industrial PPE organic sales +7% driven by fall protection and industrial head protection; new H2 hard hat showing momentum and protective ballistic helmets drove international growth in PPE.
Operational Execution and Guidance
Positive price/cost in Q1, productivity and favorable mix contributed to margin expansion; reaffirmed full-year mid-single-digit organic sales growth outlook for 2026 and on-track for 30% incremental margins.
MSA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $164.75 | $168.35 | +2.18% |
Feb 11, 2026 | $195.64 | $201.92 | +3.21% |
Oct 28, 2025 | $161.25 | $167.91 | +4.14% |
Aug 04, 2025 | $175.31 | $177.76 | +1.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MSA Safety Incorporated (MSA) report earnings?
MSA Safety Incorporated (MSA) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is MSA Safety Incorporated (MSA) earnings time?
MSA Safety Incorporated (MSA) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is MSA EPS forecast?
MSA EPS forecast for the fiscal quarter 2026 (Q2) is 2.14.