MSA Safety earnings date
MSA Safety (M07) Q3 2026 Earnings Report
DE:M07 Q3 2026 EPS Results
- Actual EPS
- EUR 1.87
- Consensus EPS
- EUR 1.87
- Beat/Miss
- Beat by +EUR 0.00
- One Year Ago EPS
- EUR 1.74
DE:M07 Q3 2026 Revenue Results
- Actual Revenue
- EUR 480.29M
- Expected Revenue
- EUR 473.10M
- Beat/Miss
- Beat by +EUR 7.20M
- YoY Revenue Growth
- +14.51%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/02/2026
- Time
- After Close
- Conference Call
- Monday, November 2, 2026
MSA Safety's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive. MSA reported strong reported and organic sales growth, higher earnings, broad-based order momentum, successful completion and integration of the Autronica acquisition, continued connected-safety adoption, improved year-to-date margins, strong free cash flow conversion, and maintained full-year guidance. The main challenges were Autronica-related quarterly margin and GAAP cost impacts, lower year-over-year quarterly free cash flow, Middle East-related Detection weakness, Fire Service funding timing risk, and a competitive market.
MSA is maintaining its outlook of low double-digit revenue growth in 2026, supported by mid-single-digit organic growth, a mid-single-digit contribution from acquisitions and 1 to 2 points of favorable translation foreign exchange based on September rates; the outlook assumes Fire Service and PPE are drivers of organic growth in the fourth quarter, while ongoing dynamics related to the Middle East conflict and an exceptionally strong prior year comparison provide a headwind in Detection. Full year adjusted gross margin is expected to be in the 47.5% to 48.5% range, which excludes acquisition-related amortization, and full year below-the-line assumptions remain unchanged. Autronica is expected to be accretive to adjusted EPS in the first full year of ownership, while the company continues to commit to at least 30 to 50 basis points of annual operating margin expansion and 30% to 40% incremental margin targets.
- Strong Third-Quarter Sales and Earnings GrowthThird-quarter reported sales increased 15% to $536 million, including 6% organic growth, an 8% contribution from Autronica, and a 1% currency-translation tailwind. Adjusted diluted earnings per share were $2.09, up 8% year over year. Year-to-date reported sales growth was 10%, organic sales growth was 4%, and adjusted earnings per share increased 17%.
- Autronica Acquisition Completed and Detection Platform ExpandedMSA completed the Autronica acquisition during the quarter. The acquisition expanded the addressable market by more than $3 billion, broadened the Detection platform, contributed $39 million of quarterly sales, and increased Detection to approximately 45% of total business. Management said early integration is progressing well and expects Autronica to be accretive to adjusted EPS in the first full year of ownership.
- Fire Service Growth Driven by Americas SCBA and Globe GearOrganic Fire Service sales increased 9% year over year, primarily due to strength in Americas SCBA and Globe turnout gear. Americas delivered high single-digit organic Fire Service growth, and management reported that the Fire Service order pace had normalized compared with the prior year.
- International Fire Service and Industrial PPE GrowthEMEA and APAC contributed double-digit organic growth in International, supported by strong sales of the M1 SCBA and key turnout gear orders. International Industrial PPE also posted low single-digit organic growth, while growth in protective ballistic helmets remained robust.
- Industrial PPE Continued to GrowIndustrial PPE organic sales increased 7%. Americas growth was driven by demand associated with adoption of the Type 2 H2 safety helmet and continued industrial capital investment across North America.
- Broad-Based Order Growth and Positive Book-to-BillYear-over-year organic orders were up double digits, with book-to-bill above 1x and in line with seasonal patterns. Order growth was broad-based across product categories and included MSA's largest MSA+ order to date.
- Connected Safety MomentumConnected devices represented about half of total portable gas detection sales growth in the quarter and accounted for 15% of total portable sales, compared with 10% a year ago and 14% sequentially. Management cited strong customer acceptance of the ALTAIR io 6 and io 4, a robust pipeline, and the largest MSA+ order to date for the ALTAIR io 6.
- G1 City Edition SCBA LaunchMSA launched the G1 City Edition SCBA in September. The product integrates LUNAR beacon technology directly into the SCBA and works with FireGrid to provide information such as location, alarm status, and air pressure. Management said customer feedback has been terrific and that the product strengthens MSA's position in the Americas SCBA market.
- Gross Margin Expansion Excluding Acquisition EffectsAdjusted gross margin was 47% in the quarter. Price and productivity actions fully offset inflationary pressures and unfavorable mix and contributed 50 basis points of margin expansion versus the prior year on an organic basis. Year-to-date adjusted gross margin increased 140 basis points, including Autronica.
- Americas Segment Margin ImprovementAmericas sales increased 8% on a reported basis and 7% organically, with a 1% currency tailwind. The segment delivered high single-digit organic growth in Fire Service and Industrial PPE and mid-single-digit growth in Detection. Adjusted operating margin increased 30 basis points to 28.6%, primarily due to gross profit expansion.
- International Segment Sales and Margin GrowthInternational sales increased 28% year over year, including a 2% organic increase and a 26% contribution from Autronica. International adjusted operating margin was 16.1%, up 10 basis points year over year and 60 basis points from the second quarter.
- Free Cash Flow and Capital ReturnsMSA generated $68 million of third-quarter free cash flow. Year-to-date free cash flow increased 14% year over year with 100% conversion. The company returned $34 million to shareholders, consisting of $21 million of dividends and $13 million of share repurchases.
- Balance Sheet Flexibility and Capital AllocationLiquidity was approximately $655 million, and the weighted average interest rate was 4.4% at quarter end. Net leverage was 1.7x, below the previously provided pro forma estimate of 1.8x. Management said the balance sheet provides flexibility to pursue organic growth, M&A, share repurchases, and dividends.
- 2026 Outlook MaintainedMSA maintained its outlook for low double-digit revenue growth in 2026, supported by mid-single-digit organic growth, a mid-single-digit contribution from acquisitions, and 1 to 2 points of favorable foreign-exchange translation based on September rates. The company also maintained its full-year adjusted gross margin outlook of 47.5% to 48.5%, excluding acquisition-related amortization.
- Margin and Strategic Targets ReaffirmedManagement reaffirmed its commitment to at least 30 to 50 basis points of annual operating-margin expansion and a 30% to 40% incremental margin target. Management also expects to provide an updated investor view of its medium-term targets and strategy in May.
- Successful Customer Safety OutcomeManagement highlighted a New Hampshire firefighter who escaped safely from a flashover event while wearing recently issued Globe turnout gear. Department officials attributed the gear's performance to helping protect the firefighter during the significant thermal event.
DE:M07 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 17, 2027 | 2026 (Q4) | 2.34- | 2.13 | ― | ― |
| Nov 02, 2026 | 2026 (Q3) | 1.871.87 | 1.74 | 7.73% (+0.13) | |
| Jul 30, 2026 | 2026 (Q2) | 1.912.15 | 1.73 | 24.35% (+0.42) | |
| May 04, 2026 | 2026 (Q1) | 1.631.78 | 1.5 | 18.45% (+0.28) | |
| Feb 11, 2026 | 2025 (Q4) | 2.022.13 | 2.01 | 5.78% (+0.12) | |
| Oct 28, 2025 | 2025 (Q3) | 1.671.74 | 1.64 | 6.01% (+0.10) | |
| Aug 04, 2025 | 2025 (Q2) | 1.571.73 | 1.8 | -3.98% (-0.07) | |
| Apr 29, 2025 | 2025 (Q1) | 1.411.50 | 1.44 | 4.35% (+0.06) | |
| Feb 12, 2025 | 2024 (Q4) | 2.012.01 | 1.84 | 9.22% (+0.17) | |
| Oct 23, 2024 | 2024 (Q3) | 1.621.64 | 1.59 | 2.81% (+0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
