MSA Safety Announces Fourth Quarter and Full Year 2024 Results

$MSA
Industrial Specialties
Health Care
Get the next $MSA alert in real time by email

Fourth Quarter 2024 Highlights

  • Achieved net sales of $500 million, a 1% GAAP increase and 2% organic(a) increase year-over-year
  • Generated GAAP operating income of $118 million, or 23.5% of sales, and adjusted operating income of $120 million, or 24.0% of sales
  • Recorded GAAP net income of $88 million, or $2.22 per diluted share, and adjusted earnings of $89 million, or $2.25 per diluted share
  • Invested $14 million for capital expenditures, repaid $43 million of debt, returned $20 million to shareholders through dividends and repurchased $10 million of common stock

Full Year 2024 Highlights

  • Achieved net sales of $1.8 billion, a 1% GAAP increase and 2% organic increase year-over-year
  • Generated GAAP operating income of $389 million, or 21.5% of sales, and adjusted operating income of $414 million, or 22.9% of sales
  • Recorded GAAP earnings of $285 million, or $7.21 per diluted share, and adjusted earnings of $305 million, or $7.70 per diluted share
  • Invested $54 million for capital expenditures, repaid $94 million of debt, returned $79 million to shareholders through dividends and repurchased $30 million of common stock
  • Improved strong financial position with net leverage of 0.7x and ample liquidity

PITTSBURGH, Feb. 12, 2025 /PRNewswire/ -- Global safety equipment and solutions provider MSA Safety Incorporated (NYSE:MSA) today reported financial results for the fourth quarter and year ended December 31, 2024.

(a)  Definition of organic revenue growth provided on the bottom of page eight.

"We closed 2024 with solid performance against the backdrop of a dynamic operating environment," said Steve Blanco, MSA Safety President and Chief Executive Officer. "Our team delivered resilient full year results with double-digit EPS growth and solid operating margin expansion, supported by effective SG&A management, despite lower-than-expected sales growth. This year, our sales growth headwinds included pockets of industrial end market weakness, softer U.S. fire service demand and FX. As we enter 2025, we continue to navigate a dynamic operating environment, and we maintain our commitment to achieving our 2028 targets through the execution of our Accelerate corporate strategy, enabled by the MSA Business System."

Financial Highlights





Three Months Ended December 31,



Twelve Months Ended December 31,

($ millions, except per share data and percentages)



2024



2023



% Change (a)



2024



2023



% Change (a)

Net Sales



$      500



$      495



1 %



$   1,808



$   1,788



1 %

GAAP

























Operating income



118



102



15 %



389



231



68 %

% of Net sales



23.5 %



20.6 %



290 bps



21.5 %



12.9 %



860 bps

Net income



88



76



15 %



285



59



386 %

Diluted EPS



$     2.22



$     1.93



15 %



$     7.21



$     1.48



387 %

Non-GAAP

























Adjusted operating income



$      120



$      115



4 %



$      414



$      398



4 %

% of Net sales



24.0 %



23.3 %



70 bps



22.9 %



22.2 %



70 bps

Adjusted EBITDA



135



129



5 %



469



449



4 %

% of Net sales



26.9 %



26.0 %



90 bps



26.0 %



25.1 %



90 bps

Adjusted earnings



89



82



9 %



305



278



10 %

Adjusted diluted EPS



$     2.25



$     2.06



9 %



$     7.70



$     7.03



10 %

Free Cash Flow



93



147



(36) %



242



397



(39) %

Free Cash Flow Conversion(b)



105 %



180 %







80 %



143 %





Americas Segment

























Net sales



$      337



$      333



1 %



$   1,247



$   1,236



1 %

GAAP Operating income



101



97



5 %



371



349



6 %

% of Net sales



30.1 %



29.2 %



90 bps



29.8 %



28.3 %



150 bps

Adjusted Operating income



104



99



4 %



380



360



6 %

% of Net sales



30.7 %



29.8 %



90 bps



30.5 %



29.1 %



140 bps

International Segment

























Net sales



$      163



$      163



— %



$      561



$      552



2 %

GAAP Operating income



28



28



(1) %



79



83



(5) %

% of Net sales



17.1 %



17.2 %



(10) bps



14.1 %



15.0 %



(90) bps

Adjusted Operating income



29



30



(3) %



85



90



(6) %

% of Net sales



17.6 %



18.2 %



(60) bps



15.1 %



16.2 %



(110) bps

(a) Percentage change may not calculate exactly due to rounding.

(b) Free cash flow conversion refers to the ratio of free cash flow to adjusted earnings. The free cash flow for the twelve months ended 2023 is adjusted to reflect the divestiture of MSA LLC. 

Balance Sheet and Cash Flow

"While the fourth quarter and full year proved to be more volatile than expected, our team's strong operational execution this year delivered resilient results, including continued margin enhancement, double-digit EPS growth, and moderately lower than expected free cash flow conversion. We also made substantial progress on strengthening our financial position and returned cash to shareholders," commented Lee McChesney, MSA Safety Senior Vice President and Chief Financial Officer. "While there are macro and geopolitical considerations included in the 2025 outlook, we retain a cautious optimism given our generally healthy operating conditions, solid order pace, and capital deployment flexibility, and we are prepared for a wide array of scenarios," McChesney added.

The company balanced capital allocation priorities in 2024 by returning $79 million of capital to shareholders via dividends, executing $30 million of share repurchases and repaying $94 million in debt. MSA maintains a strong liquidity position with net debt at the end of the fourth quarter of $343 million. The company's net leverage ratio was 0.7x at December 31, 2024. MSA's healthy balance sheet and strong financial profile continue to provide optionality around execution of strategic growth initiatives, including acquisitions.

2025 Net Sales Outlook

The company is expecting low-single digit full-year organic sales growth in 2025, and has provided an update on the operating environment below:

Positives

  • Diverse end market demand supportive of healthy order momentum entering 2025
  • Growing global demand for safety products and solutions
  • Generally stable funding and operating environment for fire service
  • Supportive market dynamics in detection and continued adoption of connected worker technology
  • Infrastructure stimulus in key regions
  • Leveraging MSA Business System to support strong operating performance and margin expansion

Challenges

  • Non-recurrence of U.S. Air Force order and normalized backlog
  • 2025 North American Fire Protection Association (NFPA) standard change
  • Mixed industrial end market demand
  • Macroeconomic and geopolitical uncertainty
  • Foreign exchange headwinds to sales and earnings

Conference Call

MSA Safety will host a conference call on Thursday, February 13, 2025 at 10:00 a.m. Eastern Time to discuss the fourth quarter and full year 2024 results. The call and an accompanying slide presentation will be webcast at http://investors.msasafety.com/ under the "News and Events" tab, subheading "Events & Presentations." Investors and interested parties can also dial into the call at 1-844-854-4415 (Toll Free) or 1-412-902-6599 (International). When prompted, please instruct the operator to be joined into the MSA Safety Incorporated conference call. A replay of the conference call will be available at http://investors.msasafety.com/ shortly after the conclusion of the presentation and will be available for the next 90 days.

MSA Safety Incorporated

Consolidated Statement of Income (Unaudited)

(In thousands, except per share amounts)

 



Three Months Ended December 31,



Twelve Months Ended December 31,



2024



2023



2024



2023

















Net sales

$   499,696



$   495,358



$  1,808,140



$  1,787,647

Cost of products sold

265,267



257,175



947,695



935,509

Gross profit

234,429



238,183



860,445



852,138

















Selling, general and administrative

100,378



107,043



394,707



396,645

Research and development

16,831



19,082



66,526



67,988

Restructuring charges

653



1,510



6,397



9,892

Currency exchange (gains) losses, net

(1,077)



8,298



3,638



17,079

Loss on divestiture of MSA LLC







129,211

Product liability expense







3

Operating income

117,644



102,250



389,177



231,320

















Interest expense

7,333



9,584



36,889



46,733

Other income, net

(6,503)



(6,614)



(22,718)



(22,101)

Total other expense, net

830



2,970



14,171



24,632

















Income before income taxes

116,814



99,280



375,006



206,688

Provision for income taxes

28,868



22,870



90,039



148,105

Net income

87,946



76,410



284,967



58,583

















Earnings per share attributable to common shareholders:















Basic

$         2.23



$         1.94



$         7.24



$         1.49

Diluted

$         2.22



$         1.93



$         7.21



$         1.48

















Basic shares outstanding

39,374



39,339



39,371



39,307

Diluted shares outstanding

39,548



39,541



39,535



39,473

 

MSA Safety Incorporated

Condensed Consolidated Balance Sheet (Unaudited)

(In thousands)

 



December 31,

2024



December 31,

2023

Assets







Cash and cash equivalents

$                       164,560



$                      146,442

Trade receivables, net

279,213



294,678

Inventories

296,796



292,604

Other current assets

62,461



52,546

    Total current assets

803,030



786,270









Property, plant and equipment, net

211,865



211,877

Prepaid pension cost

224,638



172,161

Goodwill

620,895



627,534

Intangible assets, net

246,437



266,134

Other noncurrent assets

98,919



106,174

   Total assets

$                    2,205,784



$                   2,170,150









Liabilities and shareholders' equity







Notes payable and current portion of long-term debt, net

$                         26,391



$                        26,522

Accounts payable

108,163



111,872

Other current liabilities

153,539



194,424

   Total current liabilities

288,093



332,818









Long-term debt, net

481,622



575,170

Pensions and other employee benefits

134,251



143,967

Deferred tax liabilities

107,691



102,419

Other noncurrent liabilities

50,808



48,974

Total shareholders' equity

1,143,319



966,802

   Total liabilities and shareholders' equity

$                    2,205,784



$                   2,170,150

 

MSA Safety Incorporated

Condensed Consolidated Statement of Cash Flows (Unaudited)

(In thousands)

 



Three Months Ended

December 31,



Twelve Months Ended

December 31,



2024



2023



2024



2023

















Net income

$     87,946



$     76,410



$   284,967



$     58,583

Depreciation and amortization

16,770



15,808



64,333



60,773

Tax-effected loss on divestiture of MSA LLC







199,578

Contribution on divestiture of MSA LLC







(341,186)

Change in working capital and other operating

3,192



66,696



(52,872)



115,109

  Cash flow from operating activities

107,908



158,914



296,428



92,857

















Capital expenditures

(14,409)



(11,785)



(54,223)



(42,764)

Property disposals and other investing

378



121



468



2,811

  Cash flow used in investing activities

(14,031)



(11,664)



(53,755)



(39,953)

















Change in debt

(43,251)



(144,750)



(94,254)



23,898

Cash dividends paid

(20,089)



(18,489)



(78,759)



(73,488)

Company stock purchases under repurchase program

(9,906)





(29,932)



Other financing

729



479



(5,744)



(2,663)

  Cash flow used in financing activities

(72,517)



(162,760)



(208,689)



(52,253)

















Effect of exchange rate changes on cash,

cash equivalents and restricted cash

(11,233)



(2,519)



(17,295)



(16,671)

















Increase (decrease) in cash, cash equivalents and restricted cash

$     10,127



$   (18,029)



$     16,689



$   (16,020)

 

MSA Safety Incorporated

Reconciliation of GAAP to Non-GAAP Financial Measures

Organic revenue change (Unaudited)

Consolidated

 



Three Months Ended December 31, 2024



Fire Service(a)

Detection(b)

Industrial PPE

and Other(c)



Net Sales

GAAP reported sales change

7 %

(3) %

(4) %



1 %

Plus: Currency translation effects

— %

1 %

3 %



1 %

Organic sales change

7 %

(2) %

(1) %



2 %





Twelve Months Ended December 31, 2024



Fire Service(a)

Detection(b)

Industrial PPE

and Other(c)



Net Sales

GAAP reported sales change

4 %

1 %

(3) %



1 %

Plus: Currency translation effects

— %

1 %

1 %



1 %

Organic sales change

4 %

2 %

(2) %



2 %



 (a) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.

 (b) Detection includes Fixed Gas and Flame Detection and Portable Gas Detection.

 (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

Management believes that organic revenue growth is a useful metric for investors, as foreign currency translation can have a material impact on revenue growth trends. Organic revenue growth highlights ongoing business performance excluding the impact of fluctuating foreign currencies, which is outside of management's control. There can be no assurances that MSA's definition of organic revenue growth is consistent with that of other companies. As such, management believes that it is appropriate to consider revenue growth determined on a GAAP basis in addition to this non-GAAP financial measure.

MSA Safety Incorporated

Reconciliation of GAAP to Non-GAAP Financial Measures

Organic revenue growth (Unaudited)

 

Americas Segment

 



Three Months Ended December 31, 2024



Fire Service(a)

Detection(b)

Industrial PPE

and Other(c)



Net Sales

GAAP reported sales change

5 %

(2) %

(3) %



1 %

Plus: Currency translation effects

1 %

1 %

5 %



2 %

Organic sales change

6 %

(1) %

2 %



3 %





Twelve Months Ended December 31, 2024



Fire Service(a)

Detection(b)

Industrial PPE

and Other(c)



Net Sales

GAAP reported sales change

1 %

2 %

(1) %



1 %

Plus: Currency translation effects

— %

— %

2 %



1 %

Organic sales change

1 %

2 %

1 %



2 %

 

International Segment



Three Months Ended December 31, 2024



Fire Service(a)

Detection(b)

Industrial PPE

and Other(c)



Net Sales

GAAP reported sales change

10 %

(4) %

(6) %



— %

Plus: Currency translation effects

1 %

— %

— %



— %

Organic sales change

11 %

(4) %

(6) %



— %





Twelve Months Ended December 31, 2024



Fire Service(a)

Detection(b)

Industrial PPE

and Other(c)



Net Sales

GAAP reported sales change

12 %

— %

(9) %



2 %

Plus: Currency translation effects

— %

— %

— %



(1) %

Organic sales change

12 %

— %

(9) %



1 %

(a) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.

(b) Detection includes Fixed Gas and Flame Detection and Portable Gas Detection.

(c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

 Management believes that organic revenue growth is a useful metric for investors, as foreign currency translation can have a material impact on revenue growth trends. Organic revenue growth highlights ongoing business performance excluding the impact of fluctuating foreign currencies, which is outside of management's control. There can be no assurances that MSA's definition of organic revenue growth is consistent with that of other companies. As such, management believes that it is appropriate to consider revenue growth determined on a GAAP basis in addition to this non-GAAP financial measure.

MSA Safety Incorporated

Reconciliation of Non-GAAP Financial Measures

Adjusted operating income (Unaudited)

Adjusted EBITDA (Unaudited)

(In thousands)

 



Three Months

Ended December 31,



Twelve Months

 Ended December 31,



2024



2023



2024



2023

















Adjusted EBITDA

$ 134,642



$ 128,753



$  469,431



$  449,243

Less:















     Depreciation and amortization

14,484



13,498



55,159



51,527

Adjusted operating income

120,158



115,255



414,272



397,716

Less:















     Currency exchange (gains) losses, net

(1,077)



8,298



3,638



17,079

     Amortization of acquisition-related intangible assets

2,286



2,310



9,174



9,246

     Restructuring charges

653



1,510



6,397



9,892

     Net cost for product related legal matter





5,000



     Transaction costs (a)

652



887



886



965

     Loss on divestiture of MSA LLC







129,211

     Product liability expense







3

GAAP operating income

117,644



102,250



389,177



231,320

Less:















     Interest expense

7,333



9,584



36,889



46,733

     Other income, net

(6,503)



(6,614)



(22,718)



(22,101)

Income before income taxes

116,814



99,280



375,006



206,688

Provision for income taxes

28,868



22,870



90,039



148,105

Net income

$   87,946



$   76,410



$  284,967



$    58,583



(a)  Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in selling, general and administrative expense in the Consolidated Statements of Income.

Adjusted operating income, adjusted operating margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA margin are the measures used by management to evaluate segment performance and allocate resources. As such, management believes these measures are useful metrics for investors. Adjusted operating income is defined as operating income excluding restructuring charges, currency exchange gains / losses, loss on divestiture of MSA LLC, product liability expense, net cost for product related legal matter, amortization of acquisition-related intangible assets, and transaction costs. Adjusted operating margin is defined as adjusted operating income divided by net sales to external customers. Adjusted EBITDA is defined as adjusted operating income plus depreciation and amortization, and adjusted EBITDA margin is defined as adjusted EBITDA divided by net sales to external customers. Adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin are not recognized terms under GAAP, and therefore do not purport to be alternatives to operating income or operating margin as a measure of operating performance. The company's definition of adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin may not be comparable to similarly titled measures of other companies. As such, management believes that it is appropriate to consider operating income and net income determined on a GAAP basis in addition to these non-GAAP measures.

MSA Safety Incorporated

Reconciliation of Non-GAAP Financial Measures

Adjusted earnings (Unaudited)

Adjusted earnings per diluted share (Unaudited)

(In thousands, except percentages and per share amounts)

 



Three Months

Ended December 31,







Twelve Months

 Ended December 31,







2024



2023



% Change



2024



2023



% Change

























Net income

$   87,946



$   76,410



15 %



$ 284,967



$   58,583



386 %

























Currency exchange (gains) losses, net

(1,077)



8,298







3,638



17,079





Amortization of acquisition-related intangible assets

2,286



2,310







9,174



9,246





Restructuring charges

653



1,510







6,397



9,892





Asset related losses and other

(141)



844







819



173





Net cost for product related legal matter









5,000







Pension settlement









1,308







Transaction costs (a)

652



887







886



965





Loss on divestiture of MSA LLC











129,211





Deferred tax asset write-off related to divestiture of MSA LLC













70,366





Product liability expense











3





Tax benefit associated with tax reform

(710)



(5,313)









(5,313)





Income tax expense on adjustments

(567)



(3,409)







(7,689)



(12,657)





Adjusted earnings

$   89,042



$   81,537



9 %



$ 304,500



$ 277,548



10 %

























Adjusted earnings per diluted share

$       2.25



$       2.06



9 %



$       7.70



$       7.03



10 %



(a)  Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in selling, general and administrative expense in the Consolidated Statements of Income.

Management believes that adjusted earnings and adjusted earnings per diluted share are useful measures for investors, as management uses these measures to internally assess the Company's performance and ongoing operating trends. There can be no assurances that additional special items will not occur in future periods, nor that MSA's definition of adjusted earnings is consistent with that of other companies. As such, management believes that it is appropriate to consider both net income determined on a GAAP basis as well as adjusted earnings.

MSA Safety Incorporated

Reconciliation of Non-GAAP Financial Measures

Debt to adjusted EBITDA / Net debt to adjusted EBITDA (Unaudited)

(In thousands)       

 





Twelve Months Ended

December 31,





2024

Operating income



$                         389,177

Depreciation and amortization



55,159

Restructuring charges



6,397

Currency exchange losses, net



3,638

Amortization of acquisition-related intangible assets



9,174

Net cost for product related legal matter



5,000

Transaction costs (a)



886

Adjusted EBITDA



$                         469,431







Total end-of-period debt



508,013







Debt to adjusted EBITDA



1.1







Total end-of-period debt



508,013

Total end-of-period cash and cash equivalents



164,560

Net debt



$                         343,453







Net debt to adjusted EBITDA



0.7



(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in selling, general and administrative expense in the Consolidated Statements of Income.

Management believes that debt to adjusted EBITDA and net debt to adjusted EBITDA are useful measures for investors, as management uses these measures to internally assess the Company's liquidity and balance sheet strength. There can be no assurances that that MSA's definition of debt to adjusted EBITDA and net debt to adjusted EBITDA is consistent with that of other companies.

About MSA Safety:  

MSA Safety Incorporated (NYSE:MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the Company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2024 revenues of

$1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of over 5,000 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

Cautionary Statement Regarding Forward-Looking Statements:

Except for historical information, certain matters discussed in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve various assumptions, known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In so

me cases, you can identify forward-looking statements by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or other comparable words. Actual results, performance or outcomes may differ materially from those expressed or implied by these forward-looking statements and may not align with historical performance and events due to a number of factors, including those discussed in the sections of our annual report on Form 10-K entitled "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors," and those discussed in our Form 10-Q quarterly reports filed after such annual report. MSA's SEC filings are readily obtainable at no charge at www.sec.gov, as well as on its own investor relations website at http://investors.MSAsafety.com. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and caution should be exercised against placing undue reliance upon such statements. We are under no duty to update publicly any of the forward-looking statements after the date of this earnings press release, whether as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures:

This press release includes certain non-GAAP financial measures. These financial measures include organic revenue growth, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted earnings, adjusted earnings per diluted share, debt to adjusted EBITDA, net debt to adjusted EBITDA, and adjusted payments on debt. These non-GAAP financial measures provide information useful to investors in understanding our operating performance and trends, and to facilitate comparisons with the performance of our peers. Management also uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities. The non-GAAP financial measures and key performance indicators we use, and computational methods with respect thereto, may differ from the non-GAAP financial measures and key performance indicators, and computational methods, that our peers use to assess their performance and trends.

The presentation of these non-GAAP financial measures does not comply with U.S. GAAP. These non-GAAP financial measures should be viewed as supplemental in nature, and not as a substitute for, or superior to, our reported results prepared in accordance with GAAP. When non-GAAP financial measures are disclosed, the Securities and Exchange Commission's Regulation G requires: (i) the presentation of the most directly comparable financial measure calculated and presented in accordance with GAAP and (ii) a reconciliation of the differences between the non-GAAP financial measure presented and the most directly comparable financial measure calculated and presented in accordance with GAAP. The presentation of these financial measures does not comply with U.S. generally accepted accounting principles ("GAAP"). For an explanation of these measures, with a reconciliation to the most directly comparable GAAP financial measure, see the Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures in the financial tables section above.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/msa-safety-announces-fourth-quarter-and-full-year-2024-results-302375309.html

SOURCE MSA Safety

Get the next $MSA alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$MSA

DatePrice TargetRatingAnalyst
12/19/2024$195.00Buy
DA Davidson
12/12/2024$200.00Hold
Jefferies
11/5/2024$200.00Buy
B. Riley Securities
6/12/2023Mkt Perform → Outperform
William Blair
12/7/2021$183.00Neutral → Buy
Sidoti
More analyst ratings

$MSA
Press Releases

Fastest customizable press release news feed in the world

See more
  • MSA Safety CFO Lee McChesney Resigns to Accept New Opportunity; Elyse Brody Appointed Interim CFO

    PITTSBURGH, March 13, 2025 /PRNewswire/ --  MSA Safety Incorporated (NYSE:MSA) today announced it has accepted the resignation of its Chief Financial Officer, Lee B. McChesney, effective March 21, 2025. Mr. McChesney, who was elected CFO in October of 2022, is leaving to accept a similar position at another public company. Steve Blanco, MSA Safety President and CEO, said the company has initiated a comprehensive search for a new CFO. In addition, MSA Executive Director of Financial Planning and Analysis and Strategy, Elyse L. Brody, has been appointed interim CFO. "We extend o

    $MSA
    Industrial Specialties
    Health Care
  • MSA Safety Announces Fourth Quarter and Full Year 2024 Results

    Fourth Quarter 2024 Highlights Achieved net sales of $500 million, a 1% GAAP increase and 2% organic(a) increase year-over-yearGenerated GAAP operating income of $118 million, or 23.5% of sales, and adjusted operating income of $120 million, or 24.0% of salesRecorded GAAP net income of $88 million, or $2.22 per diluted share, and adjusted earnings of $89 million, or $2.25 per diluted shareInvested $14 million for capital expenditures, repaid $43 million of debt, returned $20 million to shareholders through dividends and repurchased $10 million of common stockFull Year 2024 Highlights Achieved net sales of $1.8 billion, a 1% GAAP increase and 2% organic increase year-over-yearGenerated GAAP o

    $MSA
    Industrial Specialties
    Health Care
  • MSA Safety Showcasing Automatic Leak Detection and Monitoring Expertise at AHR Expo

    MSA to Feature FieldServer Gateways Designed to Enhance Network Protocol Connectivity  PITTSBURGH, Feb. 6, 2025 /PRNewswire/ -- The spotlight on refrigerant leak detection, monitoring and reporting has never been brighter as the HVAC and refrigeration (HVAC-R) industry navigates regulatory changes in their market. To help HVAC-R businesses address these changes, MSA Safety, Inc. (NYSE:MSA) will be showcasing its leak detection and monitoring management solution capabilities at next week's AHR Expo in Orlando, Florida, February 10th through 12th.  At this year's AHR Expo, MSA S

    $MSA
    Industrial Specialties
    Health Care

$MSA
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$MSA
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$MSA
SEC Filings

See more

$MSA
Leadership Updates

Live Leadership Updates

See more
  • MSA Safety Highlights Larger, Industry-Leading Head Protection Portfolio; Enhanced Connected Solutions at National Safety Congress & Expo

    PITTSBURGH, Sept. 16, 2024 /PRNewswire/ -- Innovative safety solutions can come in many forms, ranging from head protection that features the latest technology to help protect against lateral impacts to connected technology that alerts workers to dangerous conditions. For 110 years, MSA Safety, Inc. (NYSE:MSA) has been at the forefront of safety innovation by developing solutions that help to keep workers protected, connected and more productive on worksites around the world. This week, MSA Safety will be showcasing these latest solutions, including a new safety helmet and shared alerts for portable gas detection, during the 2024 National Safety Congress & Expo (NSC), in Orlando, Florida, fr

    $MSA
    Industrial Specialties
    Health Care
  • MSA Safety Board Elects Nish Vartanian Non-Executive Chairman; Steve Blanco Assumes President and CEO Role

    PITTSBURGH, May 13, 2024 /PRNewswire/ -- The Board of Directors of MSA Safety, Inc. (NYSE:MSA), a global leader in the development of advanced safety products and solutions that help protect people and facility infrastructures, on May 10th elected Nishan J. Vartanian Non-Executive Chairman of the Board. Mr. Vartanian's election follows his previously announced plans to retire as MSA Safety's Chief Executive Officer, but to remain on the company's board. Mr. Vartanian will retire as a full-time employee at the end of the month, having served as CEO since 2018 and Chairman since 2020.

    $MSA
    Industrial Specialties
    Health Care
  • MSA Safety Elects Steve Blanco CEO as Part of Planned Management Succession; Nish Vartanian to Retire

    PITTSBURGH, Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of MSA Safety, Inc. (NYSE:MSA), a global leader in the development of advanced safety products and solutions that help protect people and facility infrastructures, has elected Steve Blanco Chief Executive Officer, to be effective May 10, 2024, which follows the company's annual meeting of shareholders. The Board has also elected Mr. Blanco as a director of the company, effective immediately.  Mr. Blanco, 57, currently serves as MSA's President and Chief Operating Officer. His election is part of a planned management succession and coincides with a decision by MSA Chairman and CEO Nish Vartanian to inform the Board of Directors

    $MSA
    Industrial Specialties
    Health Care

$MSA
Financials

Live finance-specific insights

See more
  • MSA Safety Announces Fourth Quarter and Full Year 2024 Results

    Fourth Quarter 2024 Highlights Achieved net sales of $500 million, a 1% GAAP increase and 2% organic(a) increase year-over-yearGenerated GAAP operating income of $118 million, or 23.5% of sales, and adjusted operating income of $120 million, or 24.0% of salesRecorded GAAP net income of $88 million, or $2.22 per diluted share, and adjusted earnings of $89 million, or $2.25 per diluted shareInvested $14 million for capital expenditures, repaid $43 million of debt, returned $20 million to shareholders through dividends and repurchased $10 million of common stockFull Year 2024 Highlights Achieved net sales of $1.8 billion, a 1% GAAP increase and 2% organic increase year-over-yearGenerated GAAP o

    $MSA
    Industrial Specialties
    Health Care
  • MSA Safety Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call

    PITTSBURGH, Feb. 3, 2025 /PRNewswire/ -- MSA Safety Incorporated (NYSE:MSA), a global leader in the development of advanced safety products and solutions that protect people and facility infrastructures, today announced that it will host the company's fourth quarter and full year 2024 earnings conference call on Thursday, February 13, 2025, at 10:00 a.m. Eastern Time. The call and an accompanying slide presentation will be webcast at http://investors.msasafety.com/ under the "News and Events" tab, subheading "Events & Presentations."  A replay of the conference call will be av

    $MSA
    Industrial Specialties
    Health Care
  • MSA Safety Declares Quarterly Dividend

    PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- The Board of Directors of MSA Safety Incorporated (NYSE:MSA) today declared a first quarter dividend of $0.51 per share on common stock, payable March 10, 2025, to shareholders of record on February 14, 2025. The Board also declared a dividend of $0.5625 per share on preferred stock, payable March 1, 2025, to shareholders of record on February 14, 2025. About MSA Safety MSA Safety Incorporated (NYSE:MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the Company

    $MSA
    Industrial Specialties
    Health Care

$MSA
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more