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EarningsQ2 2026 Earnings Report
MSA Q2 2026 EPS Results
Actual EPS$2.40
Consensus EPS$2.13
Beat/MissBeat by +$0.27
One Year Ago EPS$1.93
MSA Q2 2026 Revenue Results
Actual Revenue$503.33M
Expected Revenue$496.27M
Beat/MissBeat by +$7.05M
YoY Revenue Growth+6.16%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MSA Upcoming Earnings
MSA Safety's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MSA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid financial performance: double-digit margin expansion, strong EPS growth, robust free cash flow and successful M&A execution, alongside clear product and technology momentum (MSA+ adoption and industrial PPE strength). Offsetting this were notable regional headwinds—chiefly the Middle East conflict—timing delays in fire-service AFG orders, some non-recurring tariff benefit to margins, and supply-chain/input-cost pressures that are expected to temper gross margins in H2. Management maintained a positive outlook (low-double-digit total revenue growth for 2026 with mid-single-digit organic growth) while signaling disciplined capital allocation and a target leverage range.Company Guidance
Revenue Growth
Second quarter sales of $503 million, up 6% on a reported basis and up 3% organically year-over-year; currency translation provided a ~2 percentage-point tailwind and M&C contributed ~1 percentage-point.
Earnings and Margin Expansion
Adjusted EPS of $2.40, up 24% versus prior year; GAAP diluted EPS $2.23, up 40%. GAAP gross margin of 49.5% (up ~290 basis points year-over-year and +210 bps sequentially). Adjusted operating margin of 24.1%, up ~270 bps year-over-year.
Strong Free Cash Flow and Capital Returns
Generated $83 million of free cash flow in the quarter (96% of earnings) and first-half free cash flow conversion of 94%; returned $47 million to shareholders in Q2 and $118 million in the first half (a 45% increase versus prior year).
Acquisition and M&A Activity
Completed acquisition of Autronica Fire & Security in early July; M&A pipeline described as robust and management remains active while targeting a net leverage sweet spot of 1.5x–2.5x.
Product and Technology Momentum
MSA+ connected solutions represented >50% of portable gas detection growth and now account for 14% of total portable sales (up from 10% a year ago); early customer feedback for ALTAIR io 6 is positive and adoption accelerating.
Industrial PPE Strength
Organic industrial PPE sales increased 16% year-over-year, driven by strong demand across core industrial markets and OEM/product adoption (e.g., H2 type 2 safety helmet adoption in Americas).
Healthy Balance Sheet Metrics
Quarter-end liquidity of $1.2 billion (pro forma post-Autronica ~$600 million), net debt decreased sequentially, adjusted net leverage 0.8x (pro forma 1.8x after acquisition) and weighted average interest rate ~3.8%.
MSA Earnings History
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.
Beat
Missed