MSA Safety Announces Share Repurchase Program

Rhea-AI Summary

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.

News Market Reaction – MSA

-0.40%

1 alert

-0.40% News Effect

On the day this news was published, MSA declined 0.40%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, May 13, 2024 /PRNewswire/ -- MSA Safety Incorporated (NYSE: MSA) announced that on May 10, 2024, its Board of Directors authorized a new share repurchase plan of up to $200 million of the company's common stock. The program will replace the previous $100 million share repurchase plan, originally authorized in 2015. The timing, price, and volume of the repurchases will be based on market conditions, relevant securities laws, and other factors. The board did not set a termination date for the new program.

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 2023 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of over 5,000 associates across its more than 40 international locations.  For more information, please visit www.MSAsafety.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/msa-safety-announces-share-repurchase-program-302143220.html

SOURCE MSA Safety

FAQ

What did MSA Safety announce?

MSA Safety Incorporated (NYSE: MSA) announced a new share repurchase program of up to $200 million.

How much was the previous share repurchase plan?

The previous share repurchase plan was $100 million.

When was the new share repurchase plan authorized?

The new share repurchase plan was authorized on May 10, 2024.

Is there a termination date set for the new program?

The board did not set a termination date for the new share repurchase program.