MSA (MSA) Misses Q3 EPS by 1c
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MSA Announces Third Quarter Results
October 21, 2015 6:44 PM EDTPITTSBURGH, Oct. 21, 2015 /PRNewswire/ --Â Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today reported results for the third quarter of 2015.
Quarterly Highlights
Reported revenue was $274 million, up 8 percent on a local currency basis from the third quarter of 2014 but down 1 percent on a reported basis, reflecting a 9 percent currency headwind associated with the stronger U.S. dollar. Income from continuing operations was$16 million, or $0.41 per diluted share. Adjusted earnings were $22 million, or $0.59 per diluted share, increasing 4 percent from the third quarter of... MoreMSA Safety Incorporated Completes Acquisition of Latchways plc
October 21, 2015 8:54 AM EDTPITTSBURGH, Oct. 21, 2015 /PRNewswire/ -- Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today announced that it has completed the acquisition of Latchways plc, a United Kingdom-based provider of innovative fall protection systems and solutions. Latchways employs approximately 250 people globally and had 2015 revenues of approximately $50 million. The transaction, which MSA announced in early September, is valued at approximately $190 million and is being funded with existing cash balances held outside the U.S. and incremental borrowing with an after-tax cost of less than two percent.
With the acquisition complete, MSA immediately and... More
