Filing Flows › MSA Safety (MSA) › Q2 2026
MSA Safety (MSA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
MSA Safety (MSA) reported revenue of $503M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before. Operating margin was 22.2%, net earnings $86.2M (17.1% of revenue).
MSA Safety, Q2 2026: revenue $503M (+6% year over year), operating margin 22.2%, net earnings $86.2M, operating cash flow $95.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $503M | +9% | +6% |
| Gross profit | $249M | +14% | +13% |
| Operating profit | $112M | +20% | +30% |
| Net earnings | $86.2M | +21% | +37% |
| Operating cash flow | $95.4M | +26% | +42% |
| Free cash flow | $82.7M | +27% | +118% |
What changed
Revenue was $503.3M in Q2 2026, up 6% year over year and up 9% from the previous quarter. Detection was the largest line at 40% of revenue. Industrial PPE and Other added $23.1M year over year (up 20%), 79% of the total change. Fire Service declined 1%.
Gross margin was 49.5%, up 3.0 points from Q2 2025. Operating profit was $112.0M, a 22.2% margin (up 4.1 points year over year). Of the extra revenue versus Q2 2025, 89% reached operating profit, above the 18% margin then. Operating expenses grew 2% against revenue growth of 6%. The fastest-growing cost line was Research & development (+13%). Net earnings were $86.2M, up 37% year over year. The effective tax rate was 22.6%.
Operating cash flow was $95.4M (up 42% year over year), 111% of net earnings. Non-cash charges added back $19.3M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items used $17.9M. Capital expenditures of $12.7M left free cash flow of $82.7M.
Questions
What was MSA Safety's revenue in the second quarter 2026?
MSA Safety (MSA) reported revenue of $503M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before.
Was MSA Safety profitable in the second quarter 2026?
Operating profit was $112M (22.2% of revenue) and net earnings $86.2M.
Source: MSA Safety 10-Q on SEC EDGAR.