MSA Safety Inc. Reveals 5% Drop In Q4 Earnings

(RTTNews) - MSA Safety Inc. (MSA) reported earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit dropped to $29.90 million, or $0.78 per share. This was down from $31.56 million, or $0.84 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.5% to $296.03 million. This was down from $313.32 million last year.

MSA Safety Inc. earnings at a glance:

-Earnings (Q4): $29.90 Mln. vs. $31.56 Mln. last year. -Earnings Decline (Y-o-Y): -5.3% -EPS (Q4): $0.78 vs. $0.84 last year. -EPS Decline (Y-o-Y): -7.1% -Analysts Estimate: $0.82 -Revenue (Q4): $296.03 Mln vs. $313.32 Mln last year. -Revenue Change (Y-o-Y): -5.5%