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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 (NYSE: MSA), a global leader in advanced safety products, held its Investor Day on May 22, 2024, where it unveiled its long-term strategy and 2028 financial targets. Key financial goals include organic revenue ranging from $2.1B to $2.3B, an adjusted operating margin of 23.5% to 25.0%, and adjusted EPS between $10.00 and $11.00. The strategy focuses on above-market profitable growth, targeted growth accelerators, applying the MSA Business System for continuous improvement, and effective capital deployment. The company aims to leverage its market position and innovation to drive sustainable, long-term growth.
MSA Safety (NYSE: MSA) will host an Investor Day on May 22, 2024, in New York City, starting at 8:30 a.m. Eastern Time and ending at 12:15 p.m. Eastern Time.
President and CEO Steve Blanco, CFO Lee McChesney, and other executives will discuss the company's business, growth strategy, and financial performance. The event includes presentations and Q&A sessions with senior leadership.
A live webcast and presentation slides will be available on MSA Safety's Investor Relations website. Registration for the live webcast is encouraged in advance. An archived version will be accessible after the event.
MSA Safety, headquartered in Cranberry Township, Pennsylvania, generated $1.8 billion in revenue in 2023, and employs over 5,000 people across 40 international locations.
MSA Safety Incorporated (NYSE: MSA) has announced a new share repurchase program of up to $200 million, replacing the previous $100 million plan. The board did not set a termination date for the program.
MSA Safety, Inc. announced the election of Nishan J. Vartanian as Non-Executive Chairman of the Board, following his retirement as CEO. Steven C. Blanco has taken over as President and CEO. MSA Safety is a global leader in safety products, with 2023 revenues of $1.8 billion.
MSA Safety Incorporated (NYSE: MSA) has announced its 54th consecutive annual dividend increase, raising the quarterly dividend by 8.5% to $0.51 per common share. The dividend is payable on June 10, 2024, showcasing the company's commitment to delivering long-term returns to shareholders.
MSA Safety reported strong first quarter 2024 results with $413 million in net sales, 4% increase year-over-year, and achieved $63 million adjusted earnings. The company maintains mid-single digit full-year sales growth outlook. MSA's diversified products, markets, and geographies drive profitable growth.
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