MSA Safety Announces Share Repurchase Program

Rhea-AI Summary

MSA Safety (NYSE: MSA) announced on Feb. 20, 2026 a Board authorization to repurchase up to $500 million of common stock, replacing a prior $200 million program from 2024. The Board set no termination date; repurchases depend on market conditions and securities laws.

The company reaffirmed a target free cash flow conversion of 90–100% and reported 2025 revenues of $1.9 billion. The move signals continued capital return focus aligned with its Accelerate strategy.

Positive

• Board authorized a $500 million share repurchase program
• Repurchase program replaces prior $200 million authorization
• Company reaffirmed 90–100% free cash flow conversion target
• Reported $1.9 billion revenue for 2025
• Board signaled confidence in long-term strategy and shareholder value

Negative

• None.

Key Figures

New buyback authorization: $500 million Prior buyback authorization: $200 million Free cash flow conversion: 90–100% +3 more

6 metrics

New buyback authorization $500 million Share repurchase program authorized Feb 20, 2026

Prior buyback authorization $200 million Share repurchase program authorized in 2024

Free cash flow conversion 90–100% Target annual free cash flow conversion range

2025 revenues $1.9 billion Full-year 2025 company revenue

Employees Approximately 5,300 Global associates employed

International locations More than 40 Count of international locations

Market Reality Check

Price: $195.65 Vol: Volume 239,382 is in line...

normal vol

$195.65 Last Close

Volume Volume 239,382 is in line with 20-day average of 236,743 (relative 1.01x). normal

Technical Price 195.65 is trading above 200-day MA at 170.21 and 6.35% below 52-week high.

Peers on Argus

MSA slipped 0.34% while peers were mixed: ADT +0.63%, BCO -0.17%, BRC -1.60%, GE...

MSA slipped 0.34% while peers were mixed: ADT +0.63%, BCO -0.17%, BRC -1.60%, GEO +6.13%, CXW +3.97%, suggesting a company-specific setup before this buyback news.

Previous Buybacks Reports

1 past event · Latest: May 13 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
May 13	Share repurchase plan	Positive	-0.4%	Board authorized up to $200M repurchase, replacing prior $100M program.

Pattern Detected

Prior buyback authorization in May 2024 coincided with a modest -0.4% move, indicating share repurchase news has not historically triggered strong upside reactions.

Recent Company History

In May 2024, MSA announced a share repurchase program of up to $200 million, replacing a prior $100 million plan with no set termination date. The stock moved -0.4% in the following session, implying a muted reaction to capital return announcements. Today’s authorization of up to $500 million continues this approach, reinforcing the company’s pattern of using buybacks alongside dividends and other capital deployment actions.

Historical Comparison

-0.4% avg move · In the past, MSA’s buyback news (e.g., May 2024 authorization) led to an average move of -0.4%, sign...

buybacks

-0.4%

Average Historical Move buybacks

In the past, MSA’s buyback news (e.g., May 2024 authorization) led to an average move of -0.4%, signaling historically muted market reactions to repurchase announcements.

MSA has repeatedly refreshed share repurchase authorizations, replacing prior plans as part of its ongoing capital return strategy.

Market Pulse Summary

This announcement details a new share repurchase authorization of up to $500 million, replacing a pr...

Analysis

This announcement details a new share repurchase authorization of up to $500 million, replacing a prior $200 million program with no set end date. Management reiterates a free cash flow conversion target of 90–100% and highlights $1.9 billion of 2025 revenue. Investors may track how quickly repurchases are executed, how they interact with dividend policy, and whether cash generation supports both buybacks and growth investments over time.

Key Terms

share repurchase program, free cash flow, forward-looking statements, Form 10-K, +2 more

6 terms

share repurchase program financial

"its Board of Directors authorized a new share repurchase program of up to $500 million"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

free cash flow financial

"we expect to continue to deliver annual free cash flow conversion in the 90 to 100% range"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

forward-looking statements regulatory

"may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 10-K regulatory

"those discussed in the sections of our annual report on Form 10-K entitled"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

Form 10-Q regulatory

"and those discussed in our Form 10-Q quarterly reports filed after such annual report"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

SEC filings regulatory

"MSA's SEC filings are readily obtainable at no charge at www.sec.gov"

SEC filings are formal documents companies must send to the U.S. Securities and Exchange Commission that disclose key financial results, operations, risks and insider transactions. Think of them as a company’s official report card and instruction manual combined: they provide investors reliable, standardized facts used to evaluate value, spot risks, and compare companies, so missing or misleading filings can materially affect investment decisions.

AI-generated analysis. Not financial advice.

PITTSBURGH, Feb. 26, 2026 /PRNewswire/ -- MSA Safety Incorporated (NYSE: MSA) announced that on February 20, 2026, its Board of Directors authorized a new share repurchase program of up to $500 million of the company's common stock. The program replaces the previous $200 million share repurchase program, authorized in 2024. The timing, price and volume of the repurchases will be determined by market conditions, applicable securities laws and other factors. The Board did not set a termination date for the new program.

"MSA has a long-standing cash generation record," commented Steve Blanco, MSA Safety President and Chief Executive Officer. "As we advance our Accelerate strategy to drive profitable growth, we expect to continue to deliver annual free cash flow conversion in the 90 to 100% range, in line with our targets. MSA is committed to a disciplined and balanced capital deployment strategy. The new share repurchase authorization reflects the Board's confidence in our ability to execute our long-term strategy and create shareholder value, while staying true to our mission of helping to protect workers and safeguard facilities around the world."

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the Company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

Cautionary Statement Regarding Forward-Looking Statements:

Except for historical information, certain matters discussed in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve various assumptions, known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or other comparable words. Actual results, performance or outcomes may differ materially from those expressed or implied by these forward-looking statements and may not align with historical performance and events due to a number of factors, including those discussed in the sections of our annual report on Form 10-K entitled "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors," and those discussed in our Form 10-Q quarterly reports filed after such annual report. MSA's SEC filings are readily obtainable at no charge at www.sec.gov, as well as on its own investor relations website at http://investors.MSAsafety.com. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and caution should be exercised against placing undue reliance upon such statements, which are based only on information currently available to us and speak only as of the date hereof. We are under no duty to update publicly any of the forward-looking statements after the date of this earnings press release, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE MSA Safety

FAQ

What did MSA (MSA) announce about its share repurchase program on Feb. 20, 2026?

MSA authorized a new $500 million share repurchase program on Feb. 20, 2026. According to the company, this replaces the prior $200 million program and has no set termination date; timing and volume will follow market conditions and laws.

How does the new $500 million buyback compare to MSA's previous program authorized in 2024?

The new authorization is more than double the prior program, increasing from $200 million to $500 million. According to the company, the new program replaces the 2024 authorization and reflects the Board's confidence in capital deployment.

What did MSA say about free cash flow conversion and how might that affect the buyback?

MSA expects annual free cash flow conversion in the 90–100% range, which supports buyback capacity. According to the company, this target aligns with its Accelerate strategy and disciplined capital deployment approach.

Will MSA (MSA) set a termination date or fixed timing for the $500 million repurchase program?

No termination date was set for the new repurchase program, and timing will be flexible. According to the company, repurchases will depend on market conditions, applicable securities laws and other factors.

What company financials did MSA disclose alongside the share repurchase announcement on Feb. 26, 2026?

MSA disclosed 2025 revenues of $1.9 billion and a workforce of ~5,300 associates. According to the company, these metrics accompany the repurchase as part of its ongoing strategy and capital allocation messaging.