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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, a leader in safety product development, will host its second quarter earnings conference call on July 28, 2022, at 8:30 a.m. ET. The call will be led by Nish Vartanian and Kenneth Krause. A press release detailing MSA's financial results will be available on July 27, 2022, after market close. MSA reported $1.4 billion in revenues for 2021 and operates globally, with significant revenue from international markets. Interested parties can access the live conference at www.MSAsafety.com.
MSA Safety Incorporated (NYSE: MSA) announced that Chairman and CEO Nish Vartanian and CFO Kenneth Krause will present at two upcoming investor conferences. The conferences are:
- William Blair 42nd Annual Growth Stock Conference on June 6, 2022, from 1:40 p.m. to 2:10 p.m. E.T.
- Stifel 2022 Cross Sector Insight Conference on June 8, 2022, from 3:35 p.m. to 4:05 p.m. E.T.
Both presentations will be webcast live, with replays available for 90 days on MSA's investor website.
MSA Safety Incorporated (NYSE: MSA) announced a webcast for its upcoming Safety Technology Showcase on May 23, 2022, at 2:00 p.m. EDT. The event will feature updates from Chairman and CEO Nish Vartanian and CFO Ken Krause on new technologies enhancing MSA’s product portfolio. The webcast is accessible via MSA's website, with a replay available for 90 days post-event. MSA, a leader in safety products since 1914, reported $1.4 billion in revenues for 2021 and operates globally in various industries, including oil, gas, and construction.
MSA Safety Incorporated (NYSE: MSA) declared a quarterly dividend of 46 cents per share on common stock, set for payment on June 10, 2022, to shareholders of record by May 16, 2022. This reflects a 4% increase from the prior dividend of 44 cents, marking over 50 consecutive years of annual dividend increases. Additionally, a dividend of 56-1/4 cents per share was announced for preferred stock, payable on June 1, 2022.
MSA Safety Incorporated (NYSE: MSA) reported a 7% increase in total sales to $331 million for Q1 2022, driven by acquisitions and strong organic growth. GAAP operating income decreased to $42.7 million, representing 12.9% of sales, while adjusted operating income rose to $53.8 million or 16.3% of sales. Net income was $35.5 million, down from $36.5 million year-over-year. The company faced cash flow challenges with operating cash flow dropping to $24.5 million due to increased working capital investments. Despite supply chain issues, MSA anticipates strong future demand and backlog growth.
MSA Safety showcased its advanced safety technologies at the Fire Department Instructor's Conference (FDIC) 2022 in Indianapolis. Highlighting the Connected Firefighter Platform, MSA presented the multifunctional LUNAR Connected Device along with FireGrid software, which enhances monitoring and communication for firefighters. Key enhancements include GPS tracking for crew monitoring, electronic Personnel Accountability Reports, and a partnership with Fotokite for drone integration. MSA's comprehensive safety subscription, MSA+, is designed to streamline implementation and upgrade processes, emphasizing MSA's commitment to firefighter safety.
MSA Safety Incorporated (NYSE: MSA) will host its first quarter earnings conference call on April 28, 2022, at 8:30 a.m. Eastern Time. The conference call will be led by Nish Vartanian, Chairman, President and CEO, and Kenneth Krause, Senior Vice President and CFO. A press release detailing MSA's financial results will be issued on April 27, 2022, after the market closes. Investors can listen live via the company’s website, where a replay will be available for 90 days.
MSA Safety announced the launch of the ALTAIR io™ 4 Gas Detection Wearable, part of its Connected Work Platform, now available for order. This device enhances safety management with features like global cellular connectivity, GPS, and MSA's software services. MSA will host a Connected Work Summit from May 17-19, 2022, to showcase the platform's benefits. The ALTAIR io 4 offers automatic updates and streamlined compliance reporting. MSA aims to empower safety managers with adaptable solutions for hazardous environments, bolstering safety and productivity.
MSA Safety is testing its hydrogen sensors on the International Space Station as part of NASA's Advanced Hydrogen Sensor Technology Demonstration. The technology aims to detect excess hydrogen in the Oxygen Generation Assembly, enhancing astronaut safety. After successful ground tests, these sensors, known for their reliability and sensitivity, were deployed in February 2022. The initiative marks an important achievement for MSA, which has a longstanding partnership with NASA dating back to the 1950s. The company reported 2021 revenues of $1.4 billion and continues to expand its market presence.
MSA Safety Incorporated (NYSE: MSA), a leader in safety products, will participate in a conference call hosted by Baird on March 30, 2022, at 4:00 p.m. ET. Kenneth Krause, CFO, will represent the company during this non-deal roadshow. The event will be available for live streaming on their investor relations website, with a replay accessible afterward. MSA generated $1.4 billion in revenue in 2021 and employs approximately 4,800 people worldwide, focusing on protecting workers across various industries including oil, gas, and construction.
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