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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 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.
MSA Safety Incorporated (NYSE: MSA), a global leader in advanced safety products and solutions, has announced its third quarter 2024 earnings conference call scheduled for Thursday, October 24, 2024, at 10:00 a.m. Eastern Time. The call and accompanying slide presentation will be webcast at http://investors.msasafety.com. Investors can also dial in at 1-844-854-4415 (toll-free) or 1-412-902-6599 (International).
A press release detailing MSA's Q3 2024 financial results will be distributed after market close on Wednesday, October 23, 2024. MSA Safety, headquartered in Cranberry Township, Pennsylvania, reported 2023 revenues of $1.8 billion and employs over 5,000 associates across more than 40 international locations.
MSA Safety (NYSE: MSA) is showcasing its latest safety innovations at the 2024 National Safety Congress & Expo in Orlando. The company is introducing the V-Gard H2 Safety Helmet, which meets ANSI Type II certification and features an integrated 4-point chinstrap for enhanced lateral impact protection. MSA is also debuting Grid Shared Alerts, an enhancement to their Connected Work Platform that allows instant notification of emergency situations through the ALTAIR io 4 Gas Detection Wearable.
The company's booth will display a range of safety solutions, including respiratory protection, fall protection, and portable gas detection. MSA Safety is also hosting a session on 'The Benefits of Connected Gas Detection' to discuss how connected safety programs can improve worker safety and operational efficiency.
MSA Safety (NYSE: MSA) has been recognized as one of Western Pennsylvania's Top Workplaces by the Pittsburgh Post-Gazette for the eleventh time. The 2024 award also includes a special recognition for 'Values,' highlighting the company's strong employee sentiment towards its mission and values. With around 1,400 employees in the region, MSA Safety is committed to creating a safe and inclusive work environment.
The Top Workplaces program, started in 2010, is based solely on employee feedback and evaluates criteria such as employee engagement, leadership effectiveness, and benefits. MSA Safety's three locations in Western PA include its global headquarters in Cranberry Township and two facilities in Westmoreland County.
MSA Safety, founded in 1914, is a global leader in safety solutions, with 2023 revenues of $1.8 billion and over 5,000 employees worldwide.
MSA Safety (NYSE: MSA) has been honored with the 2024 Outstanding Corporate Innovator (OCI) Award by The Product Development and Management Association (PDMA). This marks the second time MSA has received this prestigious recognition, highlighting its commitment to innovation and customer-centric focus in developing advanced safety technologies.
The company was praised for its transformation from a safety equipment manufacturer to a global leader in safety solutions, particularly for integrating Voice-of-Customer feedback into its innovation strategy. MSA Safety's CEO, Steve Blanco, emphasized the company's 110-year history of innovation and its impact on protecting workers worldwide.
MSA Safety will accept the award at the 2024 PDMA Inspire Innovation Conference in St. Louis on September 16. The OCI Award, established in 1987, has recognized 64 organizations over 37 years, including renowned brands like Apple, BMW, and HP.
MSA Safety Incorporated (NYSE: MSA), a global leader in advanced safety products, has announced its participation in several upcoming investor conferences in September 2024. Key events include:
- Jefferies Industrials Conference on September 4
- Stifel London Industrials Summit on September 5
- Morgan Stanley 12th Annual Laguna Conference on September 11
- D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on September 19
Senior executives, including CFO Lee McChesney and CEO Steve Blanco, will represent MSA Safety at these events. Audio webcasts and replays will be available on MSA's Investor Relations website for 90 days. MSA Safety, headquartered in Cranberry Township, Pennsylvania, reported 2023 revenues of $1.8 billion and employs over 5,000 associates across more than 40 international locations.
MSA Safety Incorporated (NYSE: MSA), a global leader in advanced safety products, has declared its third quarter dividends. Common stock shareholders will receive $0.51 per share, payable on September 10, 2024, to shareholders of record on August 15, 2024. Preferred stock shareholders will receive $0.5625 per share, payable on September 1, 2024, to shareholders of record on August 15, 2024.
MSA Safety, headquartered in Cranberry Township, Pennsylvania, has been at the forefront of safety innovation since 1914. The company reported revenues of $1.8 billion in 2023 and employs over 5,000 associates across more than 40 international locations.
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