MSA Safety releases transcript of Q2 2026 earnings call
MSA•Q2 results and margin details
MSA Safety’s Q2 2026 earnings call drew CEO Steven C. Blanco, CFO Julie A. Beck, IR head Tyler Herzing, and Americas president Stephanie Sciullo.
- Q2 sales were $503 million; reported growth was 6% and organic growth was 3%.
- Adjusted EPS was $2.4; GAAP gross margin was 49.5%.
- Gross margin included $4 million of tariff refunds, lifting margin by about 80-90 bps.
- Full-year adjusted gross margin guidance was 47.5%-48.5%.
Acquisition, capital allocation, and demand trends
Autronica Fire and Security acquisition closed in early July. Share repurchases are expected to slow in the second half as debt repayment takes priority, with pro forma leverage at 1.8x.
Fire Service demand tied to 2025 AFG grants arrived slower, but the order pace improved in June and July. The NFPA update is no longer a headwind, and the replacement cycle is seen inflecting in 2027.
