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MSA Announces Second Quarter Results
Date:7/28/2009

he completion of certain government contracts. Sales of self-contained breathing apparatus (SCBA) were $12.2 million lower in the current quarter. Second quarter 2008 SCBA sales included $12.6 million in shipments to the U.S. Air Force. Excluding these shipments, SCBA sales were flat quarter-to-quarter. Shipments of Advanced Combat Helmets to the U.S. military were down $8.8 million, reflecting a gap in production due to the transition to a new contract. Sales of CG634 ballistic helmets to the Canadian Forces were down $3.9 million due to completion of the contract. Shipments of head protection and fall protection were down $6.6 million and $2.4 million, respectively, as the effects of the recession reduced demand in construction and industrial markets.

Sales in the company's European segment decreased $21.0 million, or 27 percent, in the current quarter. Local currency sales were down $8.8 million, primarily due to lower shipments of helmets and gas masks to military and first responder markets in France and Germany. Local currency sales in Eastern Europe were flat quarter-to-quarter. Currency translation effects reduced European segment sales, when stated in U.S. dollars, by $12.2 million, reflecting the weaker euro.

Sales in MSA's International segment decreased by $8.6 million, or 13 percent, in the current quarter. Local currency sales were flat. Lower sales in Latin America, Australia and Africa, primarily due to the effects of the recession on the mining industry, were substantially offset by higher sales in China and the Middle East. Currency translation effects reduced International segment sales, when stated in U.S. dollars, by $8.3 million.

On a currency adjusted basis, and in particular on the relative strength of the U.S. dollar compared to the second quarter of last year, MSA's global sales declined 15 percent for the quarter, with a decline of 24 percent in North America, 11 percent
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SOURCE MSA
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