MSA Safety forecasts low double-digit 2026 revenue growth and adjusted gross margin of 47.5% to 48.5%

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MSA Safety guided for low double-digit total revenue growth in 2026, supported by mid-single-digit organic growth, a mid-single-digit contribution from acquisitions, and 1 to 2 points of favorable foreign exchange. The company expects full-year adjusted gross margin to be in the 47.5% to 48.5% range, excluding any new tariffs. Second-quarter sales rose 6% to $503 million, with GAAP gross margin of 49.5% benefiting from approximately $4 million in tariff refunds. Adjusted earnings per share reached $2.40, up 24% from the prior year, and free cash flow was $83 million. CEO Steven Blanco noted that connected solutions represented more than half of portable gas detection growth and now account for 14% of total portable sales, while Industrial PPE sales increased 16% driven by the H2 safety helmet and protective ballistic helmets.

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Company provides 2026 revenue and margin guidance, with Q2 sales and EPS beating expectations.