Msa Safety Stock Price, News & Analysis

MSA Safety Incorporated (NYSE: MSA) announced the resignation of CFO Kenneth Krause, effective August 26, 2022. Krause, who served as CFO since December 2015, is moving to a CFO role at another public company outside Pennsylvania. MSA's Chief Accounting Officer, Jonathan Buck, will serve as interim CFO while the company conducts a nationwide search for a permanent replacement. Chairman and CEO Nish Vartanian acknowledged Krause's contributions, citing improvements in profitability and shareholder returns during his tenure. In 2021, MSA reported revenues of $1.4 billion.

MSA Safety reported Q2 2022 sales of $372 million, marking a 9% increase year-over-year. The company achieved a 16.5% GAAP operating income margin, up from 10.3% last year. Earnings per diluted share improved to $1.21 from $0.64. Operating cash flow declined to $15 million, impacted by increased working capital due to high demand and supply chain constraints. MSA declared an $18 million dividend and repurchased $28 million in shares. Strong order activity contributed to a 15% year-over-year increase in orders.

MSA Safety has secured a $9 million contract with the London Fire Brigade to provide new M1 Self-Contained Breathing Apparatus (SCBA) and telemetry technology, with deliveries starting in Q4 2022. The contract involves comprehensive training for over 4,500 firefighters. The SCBA features advanced ergonomics, lightweight design, and compatibility with MSA's G1 facepiece. This marks a significant partnership aimed at enhancing firefighter safety and operational efficiency in London.

MSA Safety announced a $23 million contract with the Los Angeles County Fire Department to supply its advanced G1 SCBA respiratory protective equipment. This selection followed a thorough evaluation process, highlighting the G1 SCBA's innovative technology and upgrade capabilities. Key features include an integrated thermal imaging camera and Bluetooth technology for real-time data transmission to incident commanders. Delivery of units is slated for September, with invoicing spanning multiple quarters. MSA aims to enhance firefighter safety and positions itself as a leader in firefighting innovation.

MSA Safety, a leader in safety product development, will host its second quarter earnings conference call on July 28, 2022, at 8:30 a.m. ET. The call will be led by Nish Vartanian and Kenneth Krause. A press release detailing MSA's financial results will be available on July 27, 2022, after market close. MSA reported $1.4 billion in revenues for 2021 and operates globally, with significant revenue from international markets. Interested parties can access the live conference at www.MSAsafety.com.

MSA Safety Incorporated (NYSE: MSA) announced that Chairman and CEO Nish Vartanian and CFO Kenneth Krause will present at two upcoming investor conferences. The conferences are:

• William Blair 42nd Annual Growth Stock Conference on June 6, 2022, from 1:40 p.m. to 2:10 p.m. E.T.
• Stifel 2022 Cross Sector Insight Conference on June 8, 2022, from 3:35 p.m. to 4:05 p.m. E.T.

Both presentations will be webcast live, with replays available for 90 days on MSA's investor website.

MSA Safety Incorporated (NYSE: MSA) announced a webcast for its upcoming Safety Technology Showcase on May 23, 2022, at 2:00 p.m. EDT. The event will feature updates from Chairman and CEO Nish Vartanian and CFO Ken Krause on new technologies enhancing MSA’s product portfolio. The webcast is accessible via MSA's website, with a replay available for 90 days post-event. MSA, a leader in safety products since 1914, reported $1.4 billion in revenues for 2021 and operates globally in various industries, including oil, gas, and construction.

MSA Safety Incorporated (NYSE: MSA) declared a quarterly dividend of 46 cents per share on common stock, set for payment on June 10, 2022, to shareholders of record by May 16, 2022. This reflects a 4% increase from the prior dividend of 44 cents, marking over 50 consecutive years of annual dividend increases. Additionally, a dividend of 56-1/4 cents per share was announced for preferred stock, payable on June 1, 2022.

MSA Safety Incorporated (NYSE: MSA) reported a 7% increase in total sales to $331 million for Q1 2022, driven by acquisitions and strong organic growth. GAAP operating income decreased to $42.7 million, representing 12.9% of sales, while adjusted operating income rose to $53.8 million or 16.3% of sales. Net income was $35.5 million, down from $36.5 million year-over-year. The company faced cash flow challenges with operating cash flow dropping to $24.5 million due to increased working capital investments. Despite supply chain issues, MSA anticipates strong future demand and backlog growth.