Mine Safety Incorporated - MSA STOCK NEWS

MSA Safety has secured a $4 million contract from the U.S. Department of Health and Human Services to manufacture elastomeric air-purifying respirators for the Strategic National Stockpile. The Advantage® 290 Respirator, produced at MSA's Jacksonville, N.C. facility, boasts a reusable design and advanced filtration that mitigates COVID-19 spread. Recent investments have enhanced production capacity, supporting demand during public health emergencies. MSA's commitment to protecting healthcare workers aligns with its longstanding mission of safety and health.

On October 29, 2021, the Board of Directors of MSA Safety declared a 44 cents per share dividend on common stock, to be paid on December 10, 2021, with a record date of November 15, 2021. Additionally, a 56-1/4 cents per share dividend was declared on preferred stock, payable on December 1, 2021, also with a record date of November 15, 2021. MSA Safety reported 2020 revenues of $1.35 billion and is known for developing safety products across various industries.

MSA Safety reported Q3 2021 revenues of $340 million, up 12% year-over-year. Core product revenue increased by 19%, while GAAP operating income fell to $29 million (8.5% of sales). Earnings per diluted share were $0.48, down from $0.71 in Q3 2020. Adjusted operating income was $51 million (15% of sales). Operating cash flow improved to $46 million. The company completed its acquisition of Bacharach, enhancing its gas detection market position. However, inflationary pressures and supply chain challenges persist, impacting costs and driving record backlog levels.

MSA Safety Incorporated (NYSE: MSA) announced its third quarter earnings conference call scheduled for October 28, 2021, at 8:30 a.m. Eastern Time. The call will be hosted by Nish Vartanian, Chairman, President and CEO, along with Kenneth Krause, Senior VP, CFO and Treasurer. A press release detailing the company's third quarter financial results will be released on October 27, 2021, after market close. MSA Safety, established in 1914, is a leader in safety product manufacturing, with 2020 revenues of $1.35 billion and a significant international presence.

MSA Safety (NYSE: MSA) announced the launch of its new Connected Work Platform at the National Safety Congress in Orlando, Florida. This platform integrates a cloud-ready wearable gas detector, the ALTAIR io4, with real-time data capabilities for enhanced workplace safety. Key features include global cellular connectivity, access to MSA’s Grid software for fleet management, and a new subscription service called MSA+. The ALTAIR io4 is set to ship in the first half of 2022, marking a significant advancement in safety technology.

MSA Safety Incorporated (NYSE: MSA), a leader in safety products, will present at the William Blair's "What's Next for Industrials?" Virtual Conference on September 23, 2021, at 8:00 a.m. ET. Kenneth Krause, Senior Vice President and CFO, will lead the presentation. Interested attendees can access the event live by contacting their William Blair representative or registering through the event link provided. A replay will be available for 14 days post-event. MSA, established in 1914, reported revenues of $1.35 billion in 2020 and operates globally with approximately 5,200 employees.

MSA Safety has inaugurated a new 20,000 sq. ft. manufacturing facility in Cranberry Township, PA, establishing it as a global center for gas detection technology. The facility will primarily focus on the assembly of fixed gas and flame detection product lines relocated from Lake Forest, CA. Following the acquisition of Bacharach, Inc., MSA's gas detection segment now accounts for over a third of global revenue. The expansion is expected to drive cost efficiencies and potentially create more jobs in the region, enhancing MSA's long-standing manufacturing legacy.

MSA Safety declared a third quarter dividend of 44 cents per share on common stock, payable on September 10, 2021, to shareholders of record as of August 16, 2021. In addition, a dividend of 56-1/4 cents per share on preferred stock will be paid on September 1, 2021, also to shareholders of record by August 16, 2021. MSA reported $1.35 billion in revenue for 2020, employing approximately 5,200 people worldwide. The company continues to lead in safety product development, integrating advanced technologies to protect users across various industries.

MSA Safety is excited to showcase its innovative LUNAR technology at the Fire Department Instructor's Conference (FDIC) in Indianapolis, returning to in-person demonstrations after a hiatus. LUNAR enhances firefighter safety through exclusive Firefighting Assisting Search Technology (F.A.S.T.) and cloud connectivity for real-time reporting. The product, part of MSA's Connected Firefighter ecosystem, aims to improve situational awareness and accountability on scene. MSA will also introduce its new Cairns XR2 helmet and Globe Guard Hood to further advance firefighter safety.