MSA Safety Q4 Sales Rise 2% to $511M, EPS Beats by 5%
MSA Safety reported Q4 net sales of $511 million, up 2% year-on-year, and delivered adjusted EPS of $2.38, beating consensus by 5%. Full-year 2025 net sales grew 4% to $1.875 billion with adjusted EPS of $7.93, and free cash flow increased 22% to $295 million.
1. Q4 Financial Results
MSA Safety reported Q4 net sales of $511 million, a 2% increase year-over-year, with organic sales down 3% due to timing delays in fire service. It generated adjusted EPS of $2.38, beating consensus by 5%, and achieved a GAAP operating margin of 22.3%.
2. Full-Year 2025 Results
For full-year 2025, net sales grew 4% to $1.875 billion, with adjusted EPS climbing 3% to $7.93. The company achieved free cash flow of $295 million, a 22% increase, and maintained an adjusted EBITDA margin of 25.2%.
3. Cash Flow and Capital Allocation
During the year, MSA Safety returned $162 million to shareholders through $80 million in share repurchases and $82 million of dividends, acquired M&C TechGroup for $189 million, and repaid $48 million of debt to support its Accelerate strategy.