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FOR IMMEDIATE RELEASE FROM : MSA Safety Incorporated Ticker : MSA ( NYSE ) Media Relations Contact : Mark Deasy ( 412 ) 559 - 8154 Investor Relations Contact : Elyse Lorenzato ( 412 ) 352 -1423 MSA The Safety Company MSA Safety Announces Second Quarter Results Revenue returns to growth and incoming order book gains strong momentum PITTSBURGH , July 28 , 2021 - Global safety equipment manufacturer MSA Safety Incorporated ( NYSE : MSA ) today reported results for the second quarter of 2021 . Quarterly Highlights Revenue was $ 341 million , increasing 9 percent from a year ago on a reported basis and 5 percent on a constant currency basis . GAAP operating income was $ 35 million or 10.3 percent of sales , compared to $ 48 million or 15.4 percent of sales in the same period a year ago . Adjusted operating income was $ 59 million or 17.2 percent of sales , compared to $ 59 million or 18.7 percent of sales in the same period a year ago . GAAP earnings were $ 25 million or $ 0.64 per diluted share , compared to $ 36 million or $ 0.92 per diluted share in the same period a year ago . Adjusted earnings were $ 42 million or $ 1.06 per diluted share , compared to $ 44 million or $ 1.11 per diluted share in the same period a year ago . GAAP and adjusted operating income and earnings reflect $ 4 million of incremental stock compensation expense driven by the acquisition of Bacharach , Inc. and its expected revenue and profitability contributions in the coming years . On July 1 , 2021 , MSA completed the acquisition of Bacharach , Inc. in a transaction valued at $ 337 million . Based in New Kensington , Pa . , Bacharach is a leader in gas detection technologies used in the heating , ventilation , air conditioning and refrigeration ( HVAC - R ) markets , with annual revenue of approximately $ 70 million . The transaction was financed through a combination of fixed and variable incremental borrowings with an after - tax cost of less than 2 percent . ( more )