Msa Safety - MSA STOCK NEWS

The Board of Directors of MSA Safety declared a second quarter dividend of 44 cents per share, an increase of 2% from the previous 43 cents. This dividend is payable on June 10, 2021 to shareholders of record on May 17, 2021. MSA has consistently raised its dividend for over 50 years. Additionally, a dividend of 56-1/4 cents per share on preferred stock was announced, payable on June 1, 2021. Over the past year, MSA funded $67 million in dividends while investing in acquisitions and capital expenditures.

MSA Safety Incorporated (NYSE: MSA) announced that Kenneth Krause, Senior Vice President and CFO, will present at the 2021 Virtual Wells Fargo Industrials Conference on May 5, 2021, from 8:40 a.m. to 9:10 a.m. E.T. The event will be webcast live and can be accessed at investors.msasafety.com. A replay will be available for 30 days post-event.

Founded in 1914, MSA is the global leader in safety products, with 2020 revenues of $1.35 billion and approximately 5,000 employees worldwide.

MSA Safety reported a 10% decline in revenue for Q1 2021, totaling $308 million, mainly due to pandemic impacts. GAAP earnings decreased to $36 million ($0.92/share), down from $44 million ($1.11/share) a year prior. Operating income fell to $44 million (14.3% of sales) from $59 million (17.2%). However, operating cash flow surged by 235% to $46 million. MSA is focused on growth, investing in R&D, and expanding market reach with the acquisition of Bristol Uniforms. The management indicated an uptick in orders as the economic demand recover.

MSA Safety Incorporated (NYSE: MSA) has announced its first quarter earnings conference call scheduled for April 29, 2021, at 8:30 a.m. ET. The call will be hosted by Nish Vartanian, Chairman, President, and CEO, alongside Kenneth Krause, Senior VP, CFO, and Treasurer. A press release detailing MSA's first quarter financial results will be released on April 28, 2021, after market close. Interested parties can listen live via the company's website, with a replay available for 90 days.

MSA Safety, a global safety equipment manufacturer, announced the launch of LUNAR, a multi-purpose search and rescue device aimed at enhancing firefighter safety. Production will begin shortly, with orders now available. LUNAR utilizes cloud technology for advanced fire-scene management and incorporates features like Firefighting Assisting Search Technology (FAST), personal thermal imaging, and real-time connectivity. The device responds to a 35% rise in emergency calls during the COVID pandemic, addressing communication challenges faced by firefighters. MSA has invested significantly in R&D for this innovation.

MSA (NYSE: MSA), a global leader in safety products, will have Kenneth Krause, Senior Vice President and CFO, participate in a webcast on March 23, 2021, at 11:00 a.m. ET. This conference call, sponsored by Baird, will be accessible live through MSA's investor website. Following the event, a replay will be available for 90 days. MSA, which reported $1.35 billion in revenues for 2020, operates internationally, employing around 5,000 people.

MSA Safety reported a Q4 revenue of $388 million, a 3% increase year-over-year, despite a 4% annual decline in total revenue to $1.35 billion. GAAP operating income dropped to $19 million (4.8% of sales) from $40 million (10.7% last year). Adjusted operating income rose to $67 million (17.3% of sales). GAAP and adjusted earnings per diluted share were $0.31 and $1.27, respectively. A significant pre-tax charge of $34 million for product liability reserves affected income. Operating cash flow improved by 26% to $96 million. MSA completed the $60 million acquisition of Bristol Uniforms, enhancing its market position.

MSA Safety Incorporated (NYSE: MSA) announced a fourth quarter earnings conference call scheduled for February 19, 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 Vice President, CFO, and Treasurer. A press release detailing MSA's financial results will be available on February 18, 2021, after market close. MSA, a leader in safety product development, reported revenues of $1.4 billion in 2019, with about half generated outside North America.

MSA Safety has acquired U.K.-based Bristol Uniforms for approximately $60 million. This strategic purchase enhances MSA's leadership in fire service PPE and expands its market presence in the U.K. and Europe. Bristol generates about $40 million in annual revenue and is well-regarded for its protective apparel. MSA anticipates adjusted earnings accretion of $0.03-$0.05 per share within the first year. This acquisition aligns with MSA's growth strategy and builds on prior success, while leveraging Bristol's strong brand to reach new markets.