Filing Flows › MSA Safety (MSA) › Q1 2026
MSA Safety (MSA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
MSA Safety (MSA) reported revenue of $464M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -9% from the quarter before. Operating margin was 20.1%, net earnings $71.3M (15.4% of revenue).
MSA Safety, Q1 2026: revenue $464M (+10% year over year), operating margin 20.1%, net earnings $71.3M, operating cash flow $75.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $464M | -9% | +10% |
| Gross profit | $220M | -8% | +14% |
| Operating profit | $93.0M | -18% | +20% |
| Net earnings | $71.3M | -18% | +20% |
| Operating cash flow | $75.7M | -38% | +22% |
| Free cash flow | $65.1M | -39% | +28% |
What changed
Revenue was $463.6M in Q1 2026, up 10% year over year and down 9% from the previous quarter. Detection was the largest line at 39% of revenue. Detection added $19.8M year over year (up 12%), 47% of the total change.
Gross margin was 47.4%, up 1.5 points from Q1 2025. Operating profit was $93.0M, a 20.1% margin (up 1.6 points year over year). Of the extra revenue versus Q1 2025, 36% reached operating profit, above the 18% margin then. Operating expenses grew 9% against revenue growth of 10%. The fastest-growing cost line was SG&A (+15%). Net earnings were $71.3M, up 20% year over year. The effective tax rate was 23.4%.
Operating cash flow was $75.7M (up 22% year over year), 106% of net earnings. Non-cash charges added back $18.4M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $17.7M. Capital expenditures of $10.6M left free cash flow of $65.1M.
Questions
What was MSA Safety's revenue in the first quarter 2026?
MSA Safety (MSA) reported revenue of $464M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -9% from the quarter before.
Was MSA Safety profitable in the first quarter 2026?
Operating profit was $93.0M (20.1% of revenue) and net earnings $71.3M.
Source: MSA Safety 10-Q on SEC EDGAR.