MSA Safety Inc. Q1 Earnings Rise 24%

(RTTNews) - MSA Safety Inc. (MSA) released a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line came in at $22.26 million, or $0.58 per share. This was higher than $17.99 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.8% to $265.77 million. This was down from $279.27 million last year.

MSA Safety Inc. earnings at a glance:

-Earnings (Q1): $22.26 Mln. vs. $17.99 Mln. last year. -Earnings Growth (Y-o-Y): 23.7% -EPS (Q1): $0.58 vs. $0.48 last year. -EPS Growth (Y-o-Y): 20.8% -Analysts Estimate: $0.50 -Revenue (Q1): $265.77 Mln vs. $279.27 Mln last year. -Revenue Change (Y-o-Y): -4.8%