MSA Safety Inc (MSA) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Americas	908.1	874.3	915.1	854.3	736.8	678.4	704.8	663.7
International	492.1	473.9	486.9	503.8	460.0	471.1	426.0	470.2
Total revenues [+]	1,400.2	1,348.2	1,402.0	1,358.1	1,196.8	1,149.5	1,130.8	1,133.9
Products	1,400.2	1,348.2
Net interest income								1.8
Revenue growth [+]	3.9%	-3.8%	3.2%	13.5%	4.1%	1.7%	-0.3%	2.0%
Americas	3.9%	-4.5%	7.1%	15.9%	8.6%	-3.7%	6.2%
International	3.8%	-2.7%	-3.4%	9.5%	-2.4%	10.6%	-9.4%	64.5%
Cost of goods sold [+]	784.8	752.7	763.4	791.6	784.4	627.3	629.7	618.5
Other direct costs				45.3	126.4
Gross profit	615.3	595.5	638.6	566.5	412.5	522.2	501.1	515.3
Gross margin	43.9%	44.2%	45.6%	41.7%	34.5%	45.4%	44.3%	45.4%
Selling, general and administrative	332.9	290.3	330.5	324.8	300.1	308.2	315.3	322.8
Research and development	57.8	58.3	57.8	52.7	50.1	46.8	48.6	48.2
Other operating expenses	185.5	47.6	48.2	2.3	5.1	0.8	2.2	1.5
EBITDA [+]	89.5	239.0	240.1	224.6	95.1	201.7	166.7	172.7
EBITDA growth	-62.5%	-0.5%	6.9%	136.2%	-52.9%	21.0%	-3.5%	0.2%
EBITDA margin	6.4%	17.7%	17.1%	16.5%	7.9%	17.5%	14.7%	15.2%
Depreciation	33.5	28.1	38.0	37.9	37.9	35.3	31.7	29.9
EBITA	56.0	210.8	202.1	186.7	57.2	166.4	135.0	142.8
EBITA margin	4.0%	15.6%	14.4%	13.7%	4.8%	14.5%	11.9%	12.6%
Amortization of intangibles	16.8	11.6
EBIT [+]	39.2	199.3	202.1	186.7	57.2	166.4	135.0	142.8
EBIT growth	-80.3%	-1.4%	8.2%	226.4%	-65.6%	23.3%	-5.5%	0.8%
EBIT margin	2.8%	14.8%	14.4%	13.7%	4.8%	14.5%	11.9%	12.6%
Non-recurring items	16.4	27.4	13.8	13.2	17.6	5.7	12.3	8.5
Interest expense	10.8	9.4	13.6	18.9	15.4	16.4	10.9	9.9
Interest expense	10.8	9.4	13.6	18.9	15.4	16.4	10.9	9.9
Other income (expense), net [+]	11.6	5.7	11.1	7.7	5.6	7.6	-0.9	2.8
Gain (loss) on foreign currency transactions	0.2	8.6	19.8	2.3	5.1	0.8	2.2	1.5
Other	11.6	5.7	11.1	9.2	5.6	7.6	-0.9	2.8
Pre-tax income	23.6	168.1	185.8	162.3	29.8	151.9	111.0	127.2
Income taxes	1.8	43.0	46.5	37.2	2.8	57.8	44.4	41.0
Tax rate	7.7%	25.6%	25.1%	22.9%	9.5%	38.1%	40.0%	32.3%
Minority interest	0.4	1.1	1.2	1.0	0.9	1.9	-2.9	-0.6
Earnings from continuing ops	21.3	124.1	138.0	124.2	26.0	186.3	69.5	86.7
Earnings from discontinued ops						-0.2	1.3	1.8
Net income	21.3	124.1	138.0	124.2	26.0	186.0	70.8	88.5
Net margin	1.5%	9.2%	9.8%	9.1%	2.2%	16.2%	6.3%	7.8%

Basic EPS [+]	$0.54	$3.19	$3.57	$3.24	$0.68	$4.97	$1.86	$2.34
Growth	-82.9%	-10.6%	10.3%	372.5%	-86.2%	166.9%	-20.2%	1.1%
Diluted EPS [+]	$0.54	$3.16	$3.52	$3.19	$0.67	$4.90	$1.84	$2.30
Growth	-82.9%	-10.3%	10.5%	373.8%	-86.3%	166.2%	-19.8%	1.1%

Dividends per share [+]	$1.75	$1.71	$1.64	$1.49	$1.38	$1.31	$1.27	$1.23
Growth	2.3%	4.3%	9.9%	7.9%	5.5%	3.1%	3.5%	2.9%

Shares outstanding (basic) [+]	39.2	38.9	38.7	38.4	38.0	37.5	37.3	37.1
Growth	0.7%	0.6%	0.8%	1.0%	1.4%	0.4%	0.4%	0.7%
Shares outstanding (diluted) [+]	39.4	39.3	39.2	39.0	38.7	38.0	37.7	37.7
Growth	0.4%	0.2%	0.6%	0.7%	1.9%	0.7%	0.0%	0.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.