Filing Flows › MSA Safety (MSA) › Q2 2025
MSA Safety (MSA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
MSA Safety (MSA) reported revenue of $474M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +13% from the quarter before. Operating margin was 18.1%, net earnings $62.8M (13.2% of revenue).
MSA Safety, Q2 2025: revenue $474M (+2% year over year), operating margin 18.1%, net earnings $62.8M, operating cash flow $67.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $474M | +13% | +3% |
| Gross profit | $221M | +14% | -1% |
| Operating profit | $85.9M | +10% | -14% |
| Net earnings | $62.8M | +5% | -13% |
| Operating cash flow | $67.2M | +9% | +26% |
| Free cash flow | $37.9M | -26% | -3% |
What changed
Revenue was $474.1M in Q2 2025, up 3% year over year and up 13% from the previous quarter. Fire Service was the largest line at 41% of revenue. Fire Service added $23.0M year over year (up 13%), 197% of the total change. Detection declined 5%.
Gross margin was 46.6%, down 1.7 points from a year earlier. Operating profit was $85.9M, a 18.1% margin (down 3.5 points year over year). Operating profit fell $14.1M even though revenue rose $11.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+514%). Net earnings were $62.8M, down 13% year over year. The effective tax rate was 24.1%.
Operating cash flow was $67.2M (up 26% year over year), 107% of net earnings. Non-cash charges added back $18.1M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $19.0M. Capital expenditures of $29.3M left free cash flow of $37.9M.
Questions
What was MSA Safety's revenue in the second quarter 2025?
MSA Safety (MSA) reported revenue of $474M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +13% from the quarter before.
Was MSA Safety profitable in the second quarter 2025?
Operating profit was $85.9M (18.1% of revenue) and net earnings $62.8M.
Source: MSA Safety 10-Q on SEC EDGAR.