$MSA (MSA SAFETY) — Q2 FY26

MSA beat consensus with adjusted EPS of $2.40 vs $2.28 expected (+5.3%), while revenue of $503M topped estimates on 6% reported growth. Full-year outlook raised to low-double-digit total sales growth, driven by mid-single-digit organic, M&A contribution, and FX tailwind. Margin expansion (adjusted op margin +270bps to 24.1%) was the key driver, aided by tariff refunds and MSA Business System execution, offsetting softer international organic trends.

MSA beat consensus with adjusted EPS of $2.40 vs $2.28 expected (+5.3%), while revenue of $503M topped estimates on 6% reported growth. Full-year outlook raised to low-double-digit total sales growth, driven by mid-single-digit organic, M&A contribution, and FX tailwind. Margin expansion (adjusted op margin +270bps to 24.1%) was the key driver, aided by tariff refunds and MSA Business System execution, offsetting softer international organic trends.