Separately today, MSA also announced it has sold a 25-acre parcel of land in its Cranberry Woods office park for future development. Located north of Pittsburgh, Cranberry Woods is the site of MSA's global headquarters in Cranberry Township, Pa. The real estate transaction, combined with the sale of the company's North American ballistic helmet business, will generate $17 million of cash for the company and will benefit second quarter earnings with pre-tax income of approximately $8 million.
MSA Completes Sale Of North American Ballistic Helmet Business
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.