MSA Safety Inc
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MSA Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 463,632 | 421,340 | +10.0% |
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| Detection | 180,842 | 161,070 | +12.3% |
| Detection · Americas segment | 123,975 | 109,891 | +12.8% |
| Detection · International segment | 56,867 | 51,179 | +11.1% |
| Fire Service | 159,271 | 150,616 | +5.7% |
| Fire Service · Americas segment | 116,092 | 105,907 | +9.6% |
| Fire Service · International segment | 43,179 | 44,709 | -3.4% |
| Industrial PPE And Other | 123,519 | 109,654 | +12.6% |
| Industrial PPE And Other · Americas segment | 85,171 | 77,362 | +10.1% |
| Industrial PPE And Other · International segment | 38,348 | 32,292 | +18.8% |
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| Americas segment | 325,238 | 293,160 | +10.9% |
| International segment | 138,394 | 128,180 | +8.0% |
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| M&C | 14.9 | — | — |
| Cost of Revenue | 244,051 | 227,945 | +7.1% |
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| Americas segment · Operating Segments | 160,932 | 154,180 | +4.4% |
| International · Operating Segments | 79,728 | 71,479 | +11.5% |
| Gross Profit | 219,581 | 193,395 | +13.5% |
| Selling, General & Administrative | 107,684 | 93,965 | +14.6% |
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| Americas segment · Operating Segments | 56,540 | 50,918 | +11.0% |
| International · Operating Segments | 37,420 | 31,693 | +18.1% |
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| Corporate Non Segment | 11,536 | 9,899 | +16.5% |
| Research & Development | 16,355 | 15,669 | +4.4% |
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| Americas segment · Operating Segments | 9,640 | 9,369 | +2.9% |
| International · Operating Segments | 6,715 | 6,300 | +6.6% |
| Restructuring Charges | 2,329 | 1,924 | +21.0% |
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| Americas segment · Operating Segments | 0.4 | 0.4 | 0.0% |
| International segment · Operating Segments | 0.6 | 0.9 | -33.3% |
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| Corporate Non Segment | 1.3 | 0.6 | +116.7% |
| Foreign Currency Transaction Gain Loss Before Tax | 199 | 4,076 | -95.1% |
| Operating Income | 93,014 | 77,761 | +19.6% |
| Interest Expense | 7,703 | 6,835 | +12.7% |
| Other Non-Operating Income (Expense) | -7,681 | -7,023 | -9.4% |
| Non-Operating Income (Expense) | 22 | -188 | +111.7% |
| Income Before Taxes | 92,992 | 77,949 | +19.3% |
| Income Tax Expense (Benefit) | 21,723 | 18,344 | +18.4% |
| Net Income | 71,269 | 59,605 | +19.6% |
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| Retained Earnings | 71,269 | 59,605 | +19.6% |
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| M&C | 0.4 | — | — |
| EPS (Basic) | 1.83 | 1.51 | +21.2% |
| EPS (Diluted) | 1.83 | 1.51 | +21.2% |
| Common Stock Dividends Per Share Cash Paid | 0.53 | 0.51 | +3.9% |
| Revenue | 463,632 | 421,340 | +10.0% |
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| Americas segment · Operating Segments | 325,238 | 293,160 | +10.9% |
| International · Operating Segments | 138,394 | 128,180 | +8.0% |
| Wtd Avg Shares (Basic) | 38,859 | 39,334 | -1.2% |
| Wtd Avg Shares (Diluted) | 38,986 | 39,501 | -1.3% |
| Net Income Loss Available To Common Stockholders Basic | 71,259 | 59,595 | +19.6% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 180,158 | 170,617 | +5.6% |
| Accounts Receivable | 325,011 | 294,423 | +10.4% |
| Inventory | 352,314 | 306,675 | +14.9% |
| Prepaid Expenses & Other Current Assets | 34,189 | 51,447 | -33.5% |
| Total Current Assets | 891,672 | 823,162 | +8.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 278,056 | 211,714 | +31.3% |
| Operating Lease Right-of-Use Assets | 56,437 | 56,308 | +0.2% |
| Defined Benefit Plan Assets For Plan Benefits Noncurrent | 285,283 | 229,744 | +24.2% |
| Deferred Tax Assets | 20,491 | 27,489 | -25.5% |
| Goodwill | 727,440 | — | — |
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| Americas segment | 481.4 | — | — |
| International | 246 | — | — |
| Intangible Assets | 291,991 | 243,800 | +19.8% |
| Other Non-Current Assets | 12,616 | 16,468 | -23.4% |
| Total Assets | 2,563,986 | 2,235,885 | +14.7% |
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| Americas segment · Operating Segments | 1,660,427 | 1,481,750 | +12.1% |
| International · Operating Segments | 949,179 | 699,029 | +35.8% |
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| Corporate Non Segment | -45,620 | 55,106 | -182.8% |
| Current Liabilities | |||
| Debt Current | 8,074 | 32,886 | -75.4% |
| Accounts Payable | 118,348 | 116,474 | +1.6% |
| Employee Related Liabilities Current | 45,089 | 39,500 | +14.1% |
| Other Liabilities Current | 109,756 | 91,580 | +19.8% |
| Total Current Liabilities | 281,267 | 280,440 | +0.3% |
| Current Portion of Long-Term Debt | 8,074 | 32,886 | -75.4% |
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| Multi-currency Notes Due in 2031 · Notes Payable Other Payables | 6.1 | 6.1 | 0.0% |
| Non-Current Liabilities | |||
| Long-Term Debt | 605,075 | 469,171 | +29.0% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 141,788 | 136,854 | +3.6% |
| Operating Lease Liabilities | 45,200 | 45,681 | -1.1% |
| Deferred Tax Liabilities | 127,000 | 108,106 | +17.5% |
| Other Non-Current Liabilities | 8,296 | 5,488 | +51.2% |
| Total Liabilities | 1,208,626 | 1,045,740 | +15.6% |
| Long-Term Debt | 613,149 | — | — |
| Stockholders' Equity | |||
| Preferred Stock Value Outstanding | 3,569 | 3,569 | 0.0% |
| Common Stock Value Outstanding | 344,328 | 330,077 | +4.3% |
| Treasury Stock Value | -541,793 | -413,812 | -30.9% |
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| Preferred Stock | -1.8 | -1.8 | 0.0% |
| Accumulated Other Comprehensive Income | -47,682 | -118,911 | +59.9% |
| Retained Earnings | 1,596,938 | 1,389,222 | +15.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 1,355,360 | 1,190,145 | +13.9% |
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| Accumulated Defined Benefit Plans Adjustment | 21,512 | -11,189 | +292.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -370 | — | — |
| Accumulated Translation Adjustment | -68,824 | -107,722 | +36.1% |
| Total Liabilities & Equity | 2,563,986 | 2,235,885 | +14.7% |
| Total Stockholders' Equity (Q) | — | — | — |
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| Accumulated Other Comprehensive Income | -47,682 | -118,911 | +59.9% |
| Common Stock | 344,328 | 330,077 | +4.3% |
| Retained Earnings | 1,596,938 | 1,389,222 | +15.0% |
| Treasury Stock Common | -540,194 | -412,212 | -31.0% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 71,269 | 59,605 | +19.6% |
| Depreciation & Amortization | 18,352 | 16,251 | +12.9% |
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| Americas segment · Operating Segments | 12,160 | 11,517 | +5.6% |
| International · Operating Segments | 5,973 | 4,505 | +32.6% |
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| Corporate Non Segment | 219 | 229 | -4.4% |
| Stock-Based Compensation | 3,812 | 2,629 | +45.0% |
| Pension Expense | -4,378 | -3,848 | -13.8% |
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| Americas segment · Operating Segments | -5,427 | -4,695 | -15.6% |
| International · Operating Segments | 1,049 | 847 | +23.8% |
| Gain Loss On Sale Of Other Assets | 160 | 8 | +1900.0% |
| Pension Contributions | -2,229 | -1,832 | -21.7% |
| Foreign Currency Transaction Gain Loss Including Discontinued Operationsbefore Tax | 199 | 4,076 | -95.1% |
| Change in Accounts Receivable | -19,120 | -13,727 | -39.3% |
| Change in Inventory | -8,689 | -4,422 | -96.5% |
| Increase Decrease In Other Operating Assets | 7,457 | 8,502 | -12.3% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 7,485 | -5,173 | +244.7% |
| Increase Decrease In Other Operating Capital Net | 1,369 | -153 | +994.8% |
| Net Cash from Operations | 75,687 | 61,833 | +22.4% |
| Investing Activities | |||
| Capital Expenditures | -10,587 | -10,784 | +1.8% |
| Other Investing Activities | 34 | 18 | +88.9% |
| Net Cash from Investing | -10,553 | -10,766 | +2.0% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 296,000 | 246,000 | +20.3% |
| Repayments Of Long Term Debt | -262,240 | -253,466 | -3.5% |
| Payments Of Dividends | -20,561 | -20,033 | -2.6% |
| Payments For Repurchase Of Equity | -60,444 | -18,343 | -229.5% |
| Proceeds From Stock Options Exercised | 22 | 230 | -90.4% |
| Net Cash from Financing | -47,223 | -45,612 | -3.5% |
| Supplemental | |||
| Restricted Cash Current Assets Includedin Prepaid Expensesand Other Current Assets | 1,177 | 678 | +73.6% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -2,568 | 743 | -445.6% |
| Net Change in Cash | 15,343 | 6,198 | +147.5% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 181,335 | 171,295 | +5.9% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.