The firm's GAAP operating income hit $95 million in Q2 FY23, which equates to 21.2 per cent of sales. Adjusted operating income reached a higher figure of $104 million, or 23.2 per cent of sales, the company said in a press release.
MSA Safety has also disclosed a GAAP net income of $67 million or $1.70 per diluted share, with adjusted earnings amounting to $72 million or $1.83 per diluted share.
The company invested $10 million in capital expenditures, paid off $59 million of its debt, and distributed $18 million in dividends to its shareholders.
Additionally, the company reported growth in its protective apparel segment, with revenue rising by 36 per cent in constant currency.
Fibre2Fashion News Desk (DP)
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