MSA Safety Inc SEC 10-Q Report
MSA Safety Inc has released its Form 10-Q report for Q2 2025, reporting net sales of $474.1 million, a 2.5% increase from Q2 2024. Gross profit decreased by 1.0% to $220.7 million, with a gross margin of 46.6%. Operating income fell to $85.9 million, and net income was $62.8 million, down from $72.2 million in the previous year. The company anticipates low single-digit organic sales growth for the year, despite challenges from macroeconomic factors and regulatory changes.
MSA Safety Inc, a global leader in the development, manufacture, and supply of safety products that protect people and facility infrastructures, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, highlighting key metrics and business activities that have shaped the quarter.
Financial Highlights
Net Sales: $474.1 million, an increase of 2.5% compared to the same period in 2024, driven by growth in detection partially offset by a decrease in fire service and a modest decline in industrial PPE.
Gross Profit: $220.7 million, a decrease of 1.0% compared to the same period in 2024, with a gross profit margin of 46.6% impacted by inflation and currency headwinds.
Operating Income: $85.9 million, a decrease from $99.9 million in the same period of 2024, primarily due to increased SG&A expenses and currency exchange losses.
Net Income: $62.8 million, or $1.59 per diluted share, compared to $72.2 million, or $1.83 per diluted share, in the same period of 2024, reflecting higher SG&A expenses and currency exchange losses.
Diluted EPS: $1.59, compared to $1.83 in the same period of 2024, reflecting the impact of increased SG&A expenses and currency exchange losses.
Business Highlights
Revenue Segments: The company's revenue is divided into three main product lines: Detection, Fire Service, and Industrial PPE and Other. Detection accounted for 41% of total sales, Fire Service for 34%, and Industrial PPE and Other for 25% during the three months ended June 30, 2025.
Geographical Performance: The Americas segment saw a 1.7% increase in sales, driven by growth in detection, while the International segment experienced a 4.2% increase, with M&C contributing significantly to this growth.
Sales Units: The company reported a slight increase in organic sales in the Americas segment by 1.6%, while the International segment saw a decrease of 4.1% in organic sales, indicating varied performance across regions.
New Product Launches: MSA introduced the MSA® G1™ SCBA XR Edition and Globe's new G-XTREME® PRO Jacket, highlighting the company's commitment to innovation in safety solutions.
Future Outlook: The company maintains a low single-digit full-year organic sales growth outlook, supported by stable order trends, though macroeconomic factors and regulatory changes could impact this forecast.
SEC Filing: MSA Safety Inc [ MSA ] - 10-Q - Aug. 05, 2025
