MSA SAFETY INC Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) | MarketScreener

2022-07-30 03:13:47 By : Ms. Arca Zhao

The following is a brief description of each of our principal product categories:

Three Months Ended June 30, 2022, Compared to Three Months Ended June 30, 2021

(a) Includes Bacharach, Inc. and its affiliated companies ("Bacharach"), which was acquired on July 1, 2021.

We continued to see strong order growth in the quarter and into July. Our backlog increased to record levels across substantially all core products as a result of an uptick in order pace and ongoing supply chain and labor constraints.

Refer to Note 8-Segment Information to the unaudited condensed consolidated financial statements in Part I Item 1 of this Form 10-Q, for information regarding sales by product group.

We have implemented multiple price increases in response to the inflation we are seeing in electronic components and nearly all inputs. We will continue to evaluate additional pricing opportunities as we continue to navigate inflationary pressures.

Please refer to the Selling, general and administrative expenses table for a reconciliation of the quarter over quarter expense change.

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