Mine Safety Incorporated - MSA STOCK NEWS

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.

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.

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.

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.

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.

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.

MSA Safety Incorporated (NYSE: MSA) reported record quarterly sales of $443 million, reflecting an 8% increase year-over-year, with a 15.9% operating margin. Adjusted earnings reached $71 million or $1.80 per diluted share. For the full year, sales totaled $1.53 billion (up 9%), with GAAP earnings at $180 million, translating to $4.56 per diluted share. The company maintained strong cash flow, with free cash flow of $115 million. MSA's backlog supports growth potential in 2023, with expectations for mid-single-digit sales growth despite economic challenges.

MSA Safety Incorporated (NYSE: MSA) scheduled its fourth quarter and full year 2022 earnings conference call for February 16, 2023, at 10:00 a.m. ET. The call can be accessed via webcast on their investor relations website and will include an accompanying slide presentation. A press release detailing MSA's financial results will be released on February 15, 2023, after market closure. MSA, established in 1914, is a leader in safety product development and supply, generating approximately $1.4 billion in revenue in 2021, with a significant portion of sales coming from international markets.