MSA Safety Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - MSA Safety Inc. (MSA) announced a profit for its first quarter that increased from last year.

The company's bottom line came in at $32.37 million, or $0.83 per share. This compares with $14.41 million, or $0.37 per share, in last year's first quarter.

Excluding items, MSA Safety Inc. reported adjusted earnings of $39.14 million or $1.01 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.6% to $325.89 million from $265.77 million last year.

MSA Safety Inc. earnings at a glance:

-Earnings (Q1): $39.14 Mln. vs. $22.26 Mln. last year. -EPS (Q1): $1.01 vs. $0.58 last year. -Analysts Estimate: $0.84 -Revenue (Q1): $325.89 Mln vs. $265.77 Mln last year.