Welcome to our dedicated page for Msa Safety news (Ticker: MSA), a resource for investors and traders seeking the latest updates and insights on Msa Safety stock.
Mine Safety Incorporated (MSA), established in 1914, stands as the global leader in manufacturing safety products designed to protect people worldwide. Headquartered in Cranberry Township, Pennsylvania, MSA employs approximately 5,000 associates and operates worldwide. The company boasts manufacturing facilities across five continents, major R&D centers in the United States, Germany, and China, and over 40 international locations, ensuring safety for lives in over 140 countries.
MSA's product portfolio includes breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems. These products serve industries such as oil and gas, mining, fire services, industrial sectors, and utilities. Despite the simplicity in usage and maintenance, MSA products are highly sophisticated in design, integrating electronics, mechanical systems, and advanced materials to protect against hazardous and life-threatening situations.
As a publicly traded company on the NYSE under the symbol MSA, MSA Safety has achieved record revenue growth in 8 of the past 10 years, with annual revenues reaching approximately $1.8 billion. The company has recently reported strong financial results, highlighting double-digit sales growth and robust margin expansion for the year 2023. MSA's commitment to innovation, commercial strategy, and functional support areas has enabled enhanced customer service and fulfillment of its mission, entering 2024 with significant momentum.
MSA's notable achievements include the development of innovative safety products and solutions, strategic acquisitions, and a disciplined capital allocation strategy. The company's segments—Americas, International, and Corporate—demonstrate its global reach and operational efficiency. Recent leadership changes, such as the planned succession of CEO Nish Vartanian by Steve Blanco, align with MSA's strategic objectives and ensure continued corporate governance excellence.
Among its latest news, MSA has announced a new share repurchase plan, ongoing financial results reporting, and significant leadership transitions. The company is focused on delivering mid-single-digit sales growth for 2024, leveraging the MSA Business System to drive further sales growth and margin expansion.
MSA Safety reported its Q4 and full-year 2024 financial results, showing moderate growth and improved profitability. Q4 net sales reached $500 million, up 1% GAAP and 2% organic year-over-year, with GAAP operating income of $118 million (23.5% of sales).
Full-year 2024 highlights include $1.8 billion in net sales (1% GAAP increase), GAAP operating income of $389 million (21.5% of sales), and GAAP earnings of $285 million ($7.21 per diluted share). The company maintained strong financial position with net leverage of 0.7x.
For 2025, MSA expects low-single digit organic sales growth, facing challenges including non-recurrence of U.S. Air Force order, NFPA standard change, and mixed industrial market demand. The company returned significant value to shareholders in 2024 through $79 million in dividends and $30 million in share repurchases, while repaying $94 million in debt.
MSA Safety (NYSE: MSA) will showcase its leak detection and monitoring management solutions at the upcoming AHR Expo in Orlando, Florida (February 10-12, 2025). The company will feature its Automatic Leak Detection (ALD) systems, including the MSA Bacharach® Multi-Zone Gas Monitor and MSA Chillgard® 5000 Refrigerant Leak Monitor, capable of monitoring up to 16 zones for over 60 different refrigerants with detection as low as 1 ppm.
The company will also present its Parasense Refrigerant Tracking & Compliance Software, a cloud-based solution for refrigerant management, and FieldServer Protocol Gateways supporting over 140 protocols. These solutions aim to help HVAC-R businesses address regulatory changes, improve efficiency, and achieve sustainability goals while reducing operating costs.
MSA Safety (NYSE: MSA) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Thursday, February 13, 2025, at 10:00 a.m. Eastern Time. The company will present its financial results through a webcast and slide presentation, accessible at their investor relations website. A replay will be available for 90 days following the presentation.
Investors can participate by dialing 1-844-854-4415 (toll-free) or 1-412-902-6599 (international). The company will release its Q4 and full-year 2024 financial results on Wednesday, February 12, 2025, after market close. MSA Safety, headquartered in Cranberry Township, Pennsylvania, reported revenues of $1.8 billion in 2023 and employs over 5,000 associates across more than 40 international locations.
MSA Safety (NYSE: MSA) has announced its first quarter dividend declarations for 2025. The company will pay $0.51 per share on common stock to shareholders of record on February 14, 2025, with payment scheduled for March 10, 2025. Additionally, preferred stockholders of record on February 14, 2025, will receive $0.5625 per share, payable March 1, 2025.
The company, a global leader in advanced safety products and technologies, reported revenues of $1.8 billion in 2023. MSA Safety employs over 5,000 associates across more than 40 international locations and has been innovating in the safety sector since 1914, serving diverse end markets while focusing on creating sustainable shareholder value.
MSA Safety (NYSE: MSA) has announced its participation in the upcoming William Blair Public Safety Technology Virtual Conference on December 17, 2024. The company will be represented by Senior VP and CFO Lee McChesney, Senior VP and Chief Product and Technology Officer Greg Martin, and VP of Product Strategy and Pricing Gustavo Lopez.
The presentation is scheduled for 1:00 p.m. Eastern Time and will last approximately 45 minutes. Investors can access the slide presentation and transcript through MSA's Investor Relations website. MSA Safety, headquartered in Cranberry Township, Pennsylvania, is a global leader in safety products and solutions with 2023 revenues of $1.8 billion, employing over 5,000 associates across more than 40 international locations.
MSA Safety (NYSE: MSA) announced its participation in the upcoming UBS Global Industrials and Transportation Conference. Lee McChesney, Senior Vice President and CFO, will deliver a 40-minute presentation on December 5, 2024, starting at 10:30 a.m. Eastern Time. The event will be available as a listen-only audio webcast, with a 90-day replay accessible on MSA's Investor Relations website.
MSA Safety, headquartered in Cranberry Township, Pennsylvania, is a global leader in advanced safety products and solutions. With 2023 revenues of $1.8 billion, the company employs over 5,000 associates across more than 40 international locations and has been innovating in worker and facility infrastructure safety since 1914.
MSA Safety has secured a 10-year, $33 million contract with the U.S. Coast Guard to provide G1 Self-Contained Breathing Apparatus (SCBA) for their operational surface fleet and support facilities. Initial orders worth $22 million were received in Q3 2024. The G1 SCBA features over 15 patents and includes advanced features like voice amplification, radio interface, ergonomic design, and an integrated telemetry solution powered by MSA's FireGrid software suite. Production is ongoing at the company's Murrysville, Pennsylvania facility.
MSA Safety (NYSE: MSA) announced its participation in the Baird 2024 Global Industrial Conference on November 14, 2024. CEO Steve Blanco and CFO Lee McChesney will lead a 30-minute discussion starting at 11:15 a.m. Eastern Time. The presentation will be available as a listen-only audio webcast, with a 90-day replay accessible on MSA's Investor Relations website.
MSA Safety, headquartered in Cranberry Township, Pennsylvania, is a global leader in advanced safety products and solutions. The company reported revenues of $1.8 billion in 2023 and employs over 5,000 associates across more than 40 international locations.
MSA Safety (NYSE: MSA) has announced its fourth quarter dividend payments. Common stock shareholders will receive $0.51 per share, payable December 10, 2024, with a record date of November 15, 2024. Preferred stock shareholders will receive $0.5625 per share, payable December 1, 2024, with the same record date. The company, a global leader in safety products and technologies, reported 2023 revenues of $1.8 billion and employs over 5,000 associates across more than 40 international locations.
MSA Safety reported Q3 2024 financial results with net sales of $433 million, representing a 3% year-over-year decrease. The company achieved GAAP operating income of $91 million (21.1% of sales) and adjusted operating income of $98 million (22.6% of sales). GAAP net income was $67 million ($1.69 per diluted share), while adjusted earnings were $72 million ($1.83 per diluted share). Despite sales contraction due to SCBA shipment timing and customer order delays, orders grew by high-single digits. The company expects mid-single-digit sales growth in Q4 2024, resulting in low-single-digit full-year growth.
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