Fire Service Gains Stand Out in MSA's Record Sales for First Quarter

Pittsburgh-based MSA this morning announced its first quarter 2008 sales set a  record at $266.3 million, up 18 percent from $225.9 million in the same quarter last year. Net income was $16.0 million (45 cents per basic share) in the first quarter this year, equal to last year's $16.1 million (45 cents) in 2007. Company officials said during their conference call that a higher effective income tax rate and intercompany currency exchange losses tied to movements in overseas currencies were offsetting factors, but they said this was a strong quarter for the company.

Outgoing Chairman and CEO John T. Ryan III, saying he was participating in his final earnings call for the company he's headed since 1991, signed off by saying the company's in good hands and in good position. Bill Lambert, president and COO, takes the reins May 13 during the company's annual meeting in Pittsburgh.

North American sales increased during the first quarter for all three MSA segments of the fire market -- SCBAs by 55 percent, fire helmets by 21 percent, and thermal imaging cameras.by 76 percent, the officials said, adding that incoming oders for the North American fire market also rose during the quarter. SCBA sales were up as the marketplace adjusted to new NFPA performance standards, with both volume and price of MSA's units rising. The company saw international sales rise by 19 percent for the quarter and operating income by 25 percent. Project Magellan, an initiative to improve the efficiency of North American manufacturing operations, is "clearly helping us improve our efficiency," Lambert said.

Download Center

HTML - No Current Item Deck
  • EHS Management Software Buyer's Guide

    Download this buyer's guide to make more informed decisions as you're looking for an EHS management software system for your organization.

  • Steps to Conduct a JSA

    We've put together a comprehensive step-by-step guide to help you perform a job safety analysis (JSA), which includes a pre-built, JSA checklist and template, steps of a JSA, list of potential job hazards, and an overview of hazard control hierarchy.

  • Levels of a Risk Matrix

    Risk matrices come in many different shapes and sizes. Understanding the components of a risk matrix will allow you and your organization to manage risk effectively.

  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Industry Safe
Bulwark FR Quiz

OH&S Digital Edition

  • OHS Magazine Digital Edition - March 2021

    March 2021

    Featuring:

    • EMPLOYEE TESTING
      The Impact of COVID-19 on Drug Testing
    • PROTECTIVE APPAREL
      Preparing for Unpredictable Spring Weather
    • FALL PROTECTION
      Building a Comprehensive Floor Safety Strategy
    • GAS DETECTION
      Gas Hazards and the COVID-19 Vaccine
    View This Issue