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Msa Safety Inc (MSA) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Msa Safety Inc

CIK: 66570 Ticker: MSA
1

Exhibit 99.1

msaa19.jpg
FOR IMMEDIATE RELEASE

FROM: MSA Safety Incorporated
Ticker: MSA (NYSE)
Media Relations Contact: Mark Deasy (724) 741 - 8570
Investor Relations Contact: Elyse Lorenzato (724) 741 - 8525

MSA Announces Third Quarter Results
Strong revenue growth, improvements in productivity and U.S. Tax Reform drive GAAP earnings growth of 5 percent and adjusted earnings growth of 27 percent

PITTSBURGH, October 24, 2018 - Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today reported results for the third quarter of 2018.

Quarterly Highlights

Revenue was $331 million, increasing 12 percent from a year ago on a reported basis and 14 percent on a constant currency basis, driven by strong organic growth across the company’s core product portfolio.

GAAP operating income was $40 million or 12.1 percent of sales, compared to $40 million or 13.5 percent of sales in the same period a year ago. Adjusted operating income increased 20 percent to $57 million or 17.2 percent of sales, compared to $47 million or 16.0 percent of sales in the same period a year ago.

GAAP earnings were $34 million or $0.86 per diluted share, compared to $32 million or $0.83 per diluted share in the same period a year ago. Adjusted earnings increased 27 percent to $45 million or $1.16 per diluted share, compared to $35 million or $0.92 per diluted share in the same period a year ago.




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The following information was filed by Msa Safety Inc (MSA) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Msa Safety Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet (Parenthetical)
Condensed Consolidated Statement Of Cash Flows
Condensed Consolidated Statement Of Comprehensive Income
Condensed Consolidated Statement Of Income
Consolidated Statement Of Changes In Retained Earnings And Accumulated Other Comprehensive Loss
Consolidated Statement Of Changes In Retained Earnings And Accumulated Other Comprehensive Loss (Parenthetical)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Details)
Acquisitions - Fair Value Of Assets Acquired And Liabilities Assumed (Details)
Acquisitions - Pro Forma Financial Information (Details)
Basis Of Presentation
Capital Stock
Capital Stock (Details)
Contingencies
Contingencies - Schedule Of Product Warranty Liability (Details)
Contingencies (Tables)
Contingencies - Additional Information (Details)
Contingencies - Schedule Of Notes Receivable Balances From Insurance Companies (Details)
Contingencies - Summary Of Cumulative Trauma Product Liability Claims Activity (Details)
Contingencies - Summary Of Insurance Receivable Balances And Activity Related To Cumulative Trauma Product Liability Losses (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Additional Information (Details)
Derivative Financial Instruments - Balance Sheet Location And Fair Value Of Assets Associated With Derivative Financial Instruments (Details)
Derivative Financial Instruments - Income Statement Location And Impact Of Derivative Financial Instruments (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Schedule Of Earnings Per Share (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Details)
Goodwill And Intangible Assets - Changes In Goodwill (Details)
Goodwill And Intangible Assets - Changes In Intangible Assets, Net Of Accumulated Amortization (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Inventories
Inventories (Tables)
Inventories - Schedule Of Inventories (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Additional Information (Details)
Long-Term Debt - Schedule Of Debt (Details)
Pensions And Other Post-Retirement Benefits
Pensions And Other Post-Retirement Benefits (Tables)
Pensions And Other Post-Retirement Benefits - Additional Information (Details)
Pensions And Other Post-Retirement Benefits - Components Of Net Periodic Benefit Cost (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Tables)
Recently Adopted And Recently Issued Accounting Standards
Recently Adopted And Recently Issued Accounting Standards - Additional Information (Details)
Reclassifications Out Of Accumulated Other Comprehensive Loss
Reclassifications Out Of Accumulated Other Comprehensive Loss (Details)
Reclassifications Out Of Accumulated Other Comprehensive Loss (Tables)
Restructuring Charges
Restructuring Charges (Tables)
Restructuring Charges - Activity And Reserve Balance For Restructuring Charges By Segment (Details)
Restructuring Charges - Additional Information (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Percentage Of Total Sales By Product Group (Details)
Segment Information - Schedule Of Reportable Segment Information (Details)
Significant Accounting Policies Update
Significant Accounting Policies Update (Details)
Significant Accounting Policies Update (Policies)
Stock Plans
Stock Plans (Tables)
Stock Plans - Additional Information (Details)
Stock Plans - Schedule Of Stock Compensation Expense (Details)
Stock Plans - Summary Of Performance Stock Unit Activity (Details)
Stock Plans - Summary Of Restricted Stock And Unit Activity (Details)
Stock Plans - Summary Of Stock Option Activity (Details)
Stock Plans - Weighted Average Risk Assumptions (Details)

Material Contracts, Statements, Certifications & more

Msa Safety Inc provided additional information to their SEC Filing as exhibits

Ticker: MSA
CIK: 66570
Form Type: 10-Q Quarterly Report
Accession Number: 0000066570-18-000048
Submitted to the SEC: Thu Oct 25 2018 1:17:01 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Orthopedic Prosthetic And Surgical Appliances And Supplies

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