Mine Safety Incorporated - MSA STOCK NEWS

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.

MSA Safety, a leader in safety solutions, announced a donation exceeding $400,000 in safety equipment to Ukrainian firefighters in collaboration with FIRE AID. The donation includes essential items like self-contained breathing apparatus, helmets, and protective apparel, aimed at supporting emergency workers facing challenges in Ukraine. Bob Leenen, President for MSA International, highlighted the company's commitment to ensuring safety globally. MSA has a robust history of providing safety products, generating $1.4 billion in revenue in 2021, and employs approximately 4,800 people worldwide.

MSA Safety, a leader in safety solutions, announces CEO Nish Vartanian has been appointed to the Board of Directors of the Pittsburgh Branch of the Federal Reserve Bank of Cleveland. His term runs until December 2024, and he will provide insights on local business conditions and industry trends. Vartanian has over 35 years of experience with MSA and has led the company since 2018, helping it expand its footprint in North America. MSA reported revenues of $1.4 billion in 2021 and employs around 5,200 people worldwide.