One of MSA Safety’s products, a respirator for firefighters.
From Len Boselovic / Pittsburgh Post-Gazette
MSA Safety now reported record earnings for all of This past Year, but its fourth quarter results fell short of analyst estimates.
The Cranberry safety products business reported fourth quarter net income of $24.9 million, or 65 cents per share earnings earnings of $20.9 million, or 55 cents per share, in the year-ago quarter. Sales fell 6 per cent.
The business said the results of the prior year quarter benefited.
Excluding one-time items, adjusted earnings for the quarter came to 78 cents . the 82 cents per share analysts had been expecting. Sales also fell short of the $317 million forecast by analysts.
For the entire calendar year, MSA earned $91.9 million, or $2.42 per share, vs. earnings of $70.8 million, or $1.87 per share in 2015. Earnings rose 2 percent to $1.15 billion.
The outcomes were revealed after Wall Street closed. MSA stocks finished today at $69.38, down 41 cents.
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