MSA Safety (MSA)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	58,583	33,662	13,312	-6,085	179,630	66,665	42,939	20,432	21,340	97,594	105,795	116,785	124,077	142,019	154,877	158,507	137,997	130,160	121,638	115,011
Revenue (ttm)	US$ in thousands	1,787,646	1,708,559	1,648,578	1,586,762	1,527,954	1,483,509	1,447,089	1,415,368	1,400,181	1,370,674	1,338,733	1,315,694	1,348,223	1,335,229	1,381,851	1,417,088	1,401,981	1,388,510	1,368,592	1,358,248
Net profit margin		3.28%	1.97%	0.81%	-0.38%	11.76%	4.49%	2.97%	1.44%	1.52%	7.12%	7.90%	8.88%	9.20%	10.64%	11.21%	11.19%	9.84%	9.37%	8.89%	8.47%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $58,583K ÷ $1,787,646K
= 3.28%

The net profit margin of MSA Safety Inc has displayed variability over the quarters analyzed. In Q4 2023, the net profit margin was 3.27%, representing a moderate increase compared to the previous quarter's 1.94%. This improvement suggests better control over costs and expenses relative to revenue during this period.

The trend continues with Q2 2023, where the net profit margin further increased to 0.79%, indicating a positive shift in profitability compared to the earlier period. However, in Q1 2023, the company experienced a decrease in profitability with a net profit margin of -0.39%, possibly due to higher expenses impacting the bottom line.

In contrast, the net profit margin was robust in Q4 2022 at 11.75%, reflecting strong profitability during that period. The subsequent quarters of Q3 2022, Q2 2022, and Q1 2022 also showed positive net profit margins of 4.62%, 2.96%, and 1.44% respectively, indicating consistent profitability levels.

Overall, the fluctuation in MSA Safety Inc's net profit margin over the quarters suggests variations in the company's ability to generate profits relative to its revenue and expenses. It is essential for stakeholders to closely monitor these margins to assess the company's operational efficiency and financial performance over time.