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Mine Safety Incorporated - $MSA STOCK NEWS

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Rhea-AI Summary

MSA Safety Incorporated (NYSE: MSA) has announced its 54th consecutive annual dividend increase, raising the quarterly dividend by 8.5% to $0.51 per common share. The dividend is payable on June 10, 2024, showcasing the company's commitment to delivering long-term returns to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
Tags
dividends
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Rhea-AI Summary

MSA Safety reported strong first quarter 2024 results with $413 million in net sales, 4% increase year-over-year, and achieved $63 million adjusted earnings. The company maintains mid-single digit full-year sales growth outlook. MSA's diversified products, markets, and geographies drive profitable growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.06%
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conferences earnings
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Rhea-AI Summary
MSA Safety appoints Larry De Maria as Executive Director, Investor Relations, bringing extensive experience from William Blair & Company. He will enhance investor relations and communication strategies to drive sustained shareholder value.
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Rhea-AI Sentiment
End-of-Day
0.04%
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none
Rhea-AI Summary
MSA Safety Incorporated (NYSE: MSA) has scheduled its first quarter 2024 earnings conference call for April 30, 2024, at 10:00 a.m. Eastern Time. Investors can access the webcast and presentation on the company's investor relations website. A replay will be available for 90 days, and a press release with financial results will be issued on April 29, 2024.
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Rhea-AI Sentiment
End-of-Day
1.24%
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Rhea-AI Summary
MSA Safety debuts the MSA Cairns 1836 Fire Helmet at the Fire Department Instructors Conference (FDIC) International, showcasing the latest connected technologies to protect firefighters. The helmet is one of the lightest traditional-style fire helmets in the North American market, offering enhanced comfort and maintenance features.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
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none
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Rhea-AI Summary
MSA Safety, Inc. (NYSE: MSA) launches the new MSA Cairns® 1836 Fire Helmet, one of the lightest traditional-style fire helmets meeting NFPA standards in the North American market. The helmet features a reduced ride height for comfort, a patent-pending slide-lock system for easy maintenance, and RFID technology for inventory management. It offers various customization options and meets NFPA 1971 requirements.
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Rhea-AI Sentiment
End-of-Day
-1.38%
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none
Rhea-AI Summary
MSA Safety, Inc. appoints Steve Blanco as Chief Executive Officer effective May 10, 2024, following a planned management succession. Mr. Blanco, currently MSA's President and COO, has a successful track record of growth and performance, overseeing significant revenue increase in the Americas segment. The current CEO, Nish Vartanian, plans to retire after 39 years with MSA. The Board and Mr. Vartanian express confidence in Mr. Blanco's leadership abilities to continue MSA's growth and innovation in safety technology and solutions.
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Rhea-AI Sentiment
End-of-Day
0.19%
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none
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Rhea-AI Summary
MSA Safety, Inc. announces the retirement of Director John T. Ryan III after 55 years of service. Mr. Ryan, a key figure in MSA's history, has decided not to seek re-election and will retire at the upcoming annual meeting of shareholders. His retirement marks the end of a long and distinguished career with MSA, where he served in various leadership roles, including Chairman and CEO. Nish Vartanian, MSA's current Chairman and CEO, praised Mr. Ryan's contributions to the company and highlighted his legacy of integrity and commitment to MSA's mission. The company also announced the appointment of Steve Blanco as the new CEO, following Mr. Ryan's retirement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
none
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Rhea-AI Summary
MSA Safety Incorporated reports strong quarterly results with a 12% increase in net sales for Q4 2023 and a 17% increase for FY 2023. The company achieved GAAP operating income of $102 million in Q4 and $231 million for the year. Adjusted operating income stood at $115 million and $398 million, respectively. Despite challenges, MSA strengthened its financial position with a net leverage of 1.0x at year end, focusing on delivering mid-single digit sales growth in 2024.
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Rhea-AI Sentiment
End-of-Day
0.83%
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Rhea-AI Summary
MSA Safety, Inc. CEO, Nish Vartanian, joins Koppers Holdings, Inc. Board of Directors, aiming to contribute to the company's future success. Vartanian expresses excitement to align with Koppers' values and enhance their achievements.
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Rhea-AI Sentiment
End-of-Day
4.29%
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management
Mine Safety Incorporated

NYSE:MSA

MSA Rankings

MSA Stock Data

7.47B
36.82M
6.18%
83.66%
0.69%
Commercial Photography
Professional, Scientific, and Technical Services
Link
United States of America
CRANBERRY TOWNSHIP

About MSA

established in 1914, msa is the world's leading manufacturer of safety products designed to protect people throughout the world. many msa products, while simple to use and maintain, are sophisticated in design in that they typically integrate any combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. with headquarters located in cranberry twp, pennsylvania, msa employs approximately 5,000 associates and maintains operations that extend around the world. these resources include manufacturing operations on five continents, major r&d centers in the us, germany and china, and more than 40 international locations that help protect lives in more than 140 countries. a publicly held company, msa's stock is traded over the nyse exchange under the symbol msa. the company has annual revenues of approximately $1 billion and has achieved record growth in revenue in 8 of the past 10 years.