MSA Safety (MSA)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	206,688	176,461	149,509	125,403	238,534	80,540	50,734	22,351	23,156	133,633	144,396	157,046	167,705	187,521	203,766	209,166	184,543	181,688	161,699	151,730
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
Pretax margin		11.56%	10.33%	9.07%	7.90%	15.61%	5.43%	3.51%	1.58%	1.65%	9.75%	10.79%	11.94%	12.44%	14.04%	14.75%	14.76%	13.16%	13.09%	11.81%	11.17%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $206,688K ÷ $1,787,646K
= 11.56%

MSA Safety Inc's pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 11.56%, a slight increase from the previous quarter at 10.17%. This indicates the company's ability to efficiently manage its expenses and generate profits before taxes. Comparing to the same period last year, there has been a significant decrease in pretax margin, as Q4 2022 reported a higher margin of 15.61%. Overall, the trend shows some variability in the pretax margin with periods of improvement and decline.