MSA Safety (MSA) FY2022 results: revenue $1.5 billion, up 9.1% on the year
MSA Safety Inc. (MSA) reported revenue of $1.5 billion for fiscal 2022, the year ended 31 December 2022, up 9.1% on the year before. Net income was $180 million, up 741.8%, and diluted earnings per share $4.56. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$1.5 billion
+9.1% on the year
FY2015FY2022
Operating margin
15.7%
1.6% a year earlier
FY2015FY2022
Net income
$180 million
+741.8% on the year
FY2015FY2022
Diluted EPS
$4.56
+744.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
157
199
207
-20.9%
Capital expenditure
42.6
43.8
48.9
-2.9%
Free cash flow
115
155
158
-26.0%
Free cash flow margin
7.5%
11.1%
11.7%
Cash from investing
-4.5
-415
-72.8
Cash from financing
-113
204
-127
Depreciation and amortisation
47.1
45.4
39.7
+3.7%
Share-based compensation
19.6
18.9
6.9
+3.9%
Dividends paid
71.5
68.6
66.6
+4.2%
Dividend per share
$1.82
$1.75
$1.71
+4.0%
Diluted shares, weighted
39m
39m
39m
-0.1%
Shares outstanding at period end
39m
39m
39m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
924
834
839
+10.7%
Non-controlling interest
n/a
0.0
8.0
Debt
573
598
307
-4.2%
Operating lease liabilities
35.3
40.7
44.6
-13.2%
Other liabilities
845
924
721
-8.5%
Total liabilities and equity
2,377
2,396
1,920
-0.8%
Fixed assets
208
208
190
-0.1%
Goodwill
621
637
443
-2.5%
Intangible assets
282
307
161
-8.2%
Cash and equivalents
163
141
161
+15.6%
Receivables
297
254
252
+16.9%
Inventory
338
281
245
+20.6%
Other assets
469
569
468
-17.6%
Total assets
2,377
2,396
1,920
-0.8%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.