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Mine Safety Incorporated - MSA STOCK NEWS

Welcome to our dedicated page for Mine Safety Incorporated news (Ticker: MSA), a resource for investors and traders seeking the latest updates and insights on Mine Safety Incorporated stock.

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.

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MSA Safety is showcasing its technology-based solutions for firefighter safety at the Fire Department Instructor's Conference (FDIC) in Indianapolis, Indiana. The Connected Firefighter Platform, including the LUNAR Connected Device, enhances accountability and situational awareness for firefighters. With maydays occurring nearly 80% of the time due to a lack of awareness, MSA emphasizes the necessity of connectivity in fire service. The latest LUNAR update integrates with FirstNet, improving data transmission during emergencies. MSA's broad product range, including G1 SCBA and ALTAIR gas detectors, positions it as a leader in enhancing firefighter safety.

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MSA Safety, Inc. (NYSE: MSA) announced a significant contract award from the Los Angeles City Fire Department for its respiratory protective equipment totaling $15 million. This is the first phase of expected orders, with a second contract anticipated for around $9 million in Q3. The G1 self-contained breathing apparatus (SCBA) features advanced technology, including an integrated thermal imaging camera, promoting enhanced firefighter safety and efficiency. The decision followed a thorough evaluation of SCBA technology, aiming to upgrade capabilities for protecting over 4 million residents. Delivery of these units will commence immediately and conclude by Q4 2023. MSA seeks to strengthen its presence in the Southern California market, following a similar contract with the Los Angeles County Fire Department in 2022.

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MSA Safety has announced that its LUNAR™ Connected Device is the first of its kind approved for use on FirstNet, designed to enhance incident response for firefighters. This handheld device combines a wireless search and rescue function with a thermal imaging camera, offering improved safety and connectivity among firefighters during emergencies. Certified as FirstNet capable as of May 2023, LUNAR integrates features like GPS, firefighter-to-firefighter ranging, and proprietary technology to assist in locating downed team members. This innovation is part of MSA's broader Connected Firefighter Platform, aimed at revolutionizing firefighter safety through advanced technology. MSA Safety continues its commitment to enhancing safety for first responders, making significant strides in the public safety sector.

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MSA Safety Incorporated (NYSE: MSA) has announced a conference call to discuss its first quarter 2023 earnings on May 2, 2023, at 10:00 a.m. ET. A press release detailing financial results will be issued on May 1, 2023, after market close. The call will be available for listen via a webcast on MSA's investor relations website, with a replay accessible for 90 days post-event. MSA Safety, established in 1914, is a global leader in safety products, generating $1.5 billion in revenue in 2022 and employing approximately 5,000 people worldwide. The company operates manufacturing sites across the U.S., Europe, Asia, and Latin America, with nearly half of its revenue derived from international markets.

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Li-Cycle Holdings Corp. (NYSE: LICY) announced the expected appointment of Diane Pearse as an independent director on its Board of Directors, effective after the 2023 Annual General Meeting on April 27, 2023. This move enhances Board independence and gender diversity, which now consists of two-thirds independent directors and one-third women. Ms. Pearse, with extensive financial and operational expertise, is set to serve on the Audit Committee and the Health, Safety, Environment & Sustainability Committee. Her background includes C-suite roles and current board memberships at MSA Safety, Inc. (NYSE: MSA) and Basic American Foods, Inc.. This appointment aims to strengthen leadership as Li-Cycle continues to expand its lithium-ion battery recycling capabilities.

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MSA Safety has launched FireGrid Map View, a software enhancement for its LUNAR Connected Device, aimed at improving firefighter situational awareness and accountability. This new feature allows incident commanders to track firefighters' estimated locations using GPS, visible in three views: street, satellite, and terrain. It also provides critical information like SCBA air pressure and alarm status. The update is available on iOS and Google Play, requiring a firmware update for compatible LUNAR devices. MSA, established in 1914, reported revenues of $1.5 billion in 2022 and operates globally to deliver safety solutions.

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FAQ

What is the current stock price of Mine Safety Incorporated (MSA)?

The current stock price of Mine Safety Incorporated (MSA) is $165.37 as of December 20, 2024.

What is the market cap of Mine Safety Incorporated (MSA)?

The market cap of Mine Safety Incorporated (MSA) is approximately 6.6B.

What does MSA Safety Incorporated do?

MSA Safety Incorporated manufactures safety products designed to protect people in hazardous and life-threatening situations. Their products serve various industries, including oil and gas, mining, fire services, and utilities.

Where is MSA Safety headquartered?

MSA Safety is headquartered in Cranberry Township, Pennsylvania, USA.

What is the stock symbol for MSA Safety?

MSA Safety's stock is traded on the New York Stock Exchange (NYSE) under the symbol MSA.

What are some of the products offered by MSA Safety?

MSA Safety offers products such as breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems.

How many employees does MSA Safety have?

MSA Safety employs approximately 5,000 associates worldwide.

What industries does MSA Safety serve?

MSA Safety serves industries including oil and gas, mining, fire services, industrial sectors, and utilities.

What are some recent achievements of MSA Safety?

MSA Safety has reported strong financial results for the year 2023, with double-digit sales growth and robust margin expansion. The company has also announced significant leadership transitions and a new share repurchase plan.

What are MSA Safety's revenue figures?

MSA Safety reported revenues of approximately $1.8 billion for the year 2023.

What is the MSA Business System?

The MSA Business System is designed to drive continuous improvement across the company, enhancing innovation, operational excellence, and customer service.

When is MSA Safety's next earnings conference call?

MSA Safety's next earnings conference call is scheduled for April 30, 2024, at 10:00 a.m. Eastern Time.

Mine Safety Incorporated

NYSE:MSA

MSA Rankings

MSA Stock Data

6.59B
36.89M
6.14%
85.7%
0.88%
Security & Protection Services
Orthopedic, Prosthetic & Surgical Appliances & Supplies
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United States of America
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