Baird Upgrades MSA Safety (MSA) to Outperform
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MSA Announces Third Quarter Results
October 27, 2016 5:12 PM EDTPITTSBURGH, Oct. 27, 2016 /PRNewswire/ --Â Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today reported results for the third quarter of 2016.
Quarterly Highlights
Reported revenue was $278 million, increasing 2 percent from a year ago on a reported and constant currency basis. Operating income was $40 million or 14.4 percent of net sales, increasing 470 basis points from a year ago. Adjusted operating income, excluding foreign currency losses and restructuring, was $43 million or 15.3 percent of net sales, increasing 270 basis points from a year ago. Net income from... More