MSA (MSA) Misses Q3 EPS by 7c

October 29, 2009 8:37 AM EDT

MSA (NYSE: MSA) reports Q3 EPS of $0.30 vs. consensus of $0.37. Revenues were $228.5 million vs. $229.57 million consensus.

"It's clear from our top line sales that the effects of the ongoing global recession continued to impact MSA's business across each of our geographic segments throughout the third quarter," said William M. Lambert, MSA President and CEO. "This was particularly evident in North America, where demand for industrial and construction-related safety products was impacted by unemployment levels that approached 10 percent for the quarter. We saw similar, significant challenges in Europe, influenced by reduced demand for MSA products in the law enforcement and military end-user markets, as well as industrial markets," he said. "Our margins were also lower in Europe, due in part to a sales mix that was more heavily weighted toward large, lower-margin orders."

[SM]

Related Categories

Earnings

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?