Mine Safety Incorporated - MSA STOCK NEWS

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.

MSA Safety reported strong Q2 2024 results, with net sales of $462 million, up 3% year-over-year. The company achieved 4% organic constant currency sales growth and healthy margin expansion. Key highlights include:

- GAAP operating income of $100 million (21.6% of sales)
- Adjusted operating income of $108 million (23.4% of sales)
- GAAP EPS of $1.83, adjusted EPS of $2.01 (up 10%)
- Returned $30 million to shareholders through dividends and share repurchases

MSA is maintaining its mid-single digit full-year sales growth outlook. The company's balance sheet remains strong with net leverage of 0.9x. Management cited disciplined execution and the MSA Business System as key drivers of the solid performance.

MSA Safety (NYSE: MSA) has released its 2023 Impact Report, highlighting the company's mission and quantifiable impact on protecting workers globally. The report focuses on three key areas: Products and Solutions, People, and Planet. Notable achievements include:

- Developing products that help reduce carbon footprints and operational costs
- Designing sustainable solutions with features like rechargeable batteries
- Creating inclusive PPE for diverse demographics
- Maintaining world-class safety performance and an inclusive work environment
- Progress towards 2030 emission reduction goals

MSA Safety's Safety Impact Metric estimates that their products and solutions helped protect approximately 40 million workers globally in 2023. The company reported 2023 revenues of $1.8 billion and employs over 5,000 associates across more than 40 international locations.

MSA Safety (NYSE: MSA) has unveiled its latest innovation in head protection, the V-Gard H2™ Safety Helmet. This new addition to the iconic V-Gard® line meets ANSI Z89.1 Type II certification requirements, offering enhanced protection against lateral and side impacts. The helmet features the optional Mips® brain protection system, designed to reduce the risk of brain trauma injuries by redirecting rotational energies during angled or lateral impacts.

Key features include a 4-point chinstrap, extensive accessory compatibility, and availability in vented and non-vented options with various colors and customization choices. The V-Gard H2 Safety Helmet is currently available in the United States, furthering MSA Safety's mission to provide diverse head protection solutions for industrial applications.

MSA Safety (NYSE: MSA), a global leader in advanced safety products, has scheduled its second quarter 2024 earnings conference call for July 25, 2024, at 10:00 a.m. Eastern Time. The call will be webcast along with a slide presentation on their investor relations website. A replay will be available for 90 days post-conference. The financial results for Q2 2024 will be released after market close on July 24, 2024. MSA Safety, headquartered in Cranberry Township, Pennsylvania, reported $1.8 billion in revenue for 2023 and employs over 5,000 associates globally.

MSA Safety is unveiling its latest innovation, the FL5000 Multi-Spectrum Flame Detector, at the NFPA Conference & Expo in Orlando, Florida. The FL5000 is the first of its kind to feature Bluetooth® connectivity for ease of use, allowing for wireless configuration, diagnostics, and quick access to event logs. The device's advanced features include multiple infrared detectors, artificial neural networks to distinguish between real flames and false alarms, and the ability to detect fires up to 310 feet away. Verified by Factor Mutual for 22 fuel types, the FL5000 also has a self-check system that runs every two minutes. MSA Safety will also showcase other gas and flame detection solutions at the expo, with sessions highlighting hydrogen hazard detection and flame detection technology advancements. Founded in 1914, MSA Safety reported $1.8 billion in revenue for 2023 and employs over 5,000 associates globally.

MSA Safety announced the promotion of David J. Howells to President of MSA International, overseeing operations in Europe, the Middle East, Africa, and Asia. Howells, who joined MSA in 1981, previously served as Interim President of MSA International and Vice President of Sales and Customer Marketing. His leadership has been pivotal in transforming MSA's commercial business with a progressive Go-to-Market strategy. Steve Blanco, MSA's CEO, expressed confidence in Howells' ability to drive revenue growth and expand operating margins. MSA Safety, a leader in safety products, reported 2023 revenues of $1.8 billion and employs over 5,000 associates globally.

MSA Safety (NYSE: MSA), a leading provider of safety products and solutions, will participate in three upcoming investor conferences. On June 4, CEO Steve Blanco and CFO Lee McChesney will present at the William Blair Growth Stock Conference at 10:40 a.m. ET. The following day, they will present at the Stifel 2024 Cross Sector Insight Conference at 10:20 a.m. ET. On June 6, CFO Lee McChesney will present at the Baird 2024 Global Consumer, Technology & Services Conference at 9:40 a.m. ET. Audio webcasts and replays will be available on the MSA Investor Relations website for 90 days. MSA Safety reported $1.8 billion in revenues for 2023 and employs over 5,000 people across 40 international locations.

MSA Safety hosted its Investor Day in New York City on May 22, 2024, unveiling its long-term strategy and 2028 financial targets.

The company aims to achieve an organic revenue range of $2.1B to $2.3B, an adjusted operating margin of 23.5% to 25.0%, and an adjusted EPS of $10.00 to $11.00.

Key strategic pillars include above-market profitable growth, targeted growth accelerators, the MSA Business System, and effective capital deployment.

Leadership emphasized innovation, operational excellence, and social impact. CFO Lee McChesney expressed confidence in consistent mid-single-digit organic growth and maintaining a leading position in premium safety solutions.

Presentation materials and a webcast replay are available on MSA Safety's Investor Relations website.