Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. President, CEO & Director Steve Blanco was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • May 16
MSA Safety Inc. Announces Changes in Board, Effective May 8, 2026 MSA Safety Inc. has elected Robert A. Bruggeworth to the position of Chairman of the Board effective May 8, 2026, succeeding Nish Vartanian, who will continue to serve the company as a Director. Mr. Bruggeworth became an MSA Director in 2007 and was appointed Lead Independent Director in 2017. He serves as President and Chief Executive Officer of Qorvo Inc., a leading global provider of connectivity and power solutions. He also serves on the Qorvo Board of Directors. Prior to the merger of RF Micro Devices Inc. (RFMD) and TriQuint Semiconductor Inc. to form Qorvo, Mr. Bruggeworth served as RFMD's President and Chief Executive Officer and served on its Board of Directors. He previously served RFMD as both President of the company and Vice President of Wireless Products. Before joining RFMD, Mr. Bruggeworth held a variety of positions at AMP Inc., a $5.5 billion supplier of electrical and electronic connection devices, including Divisional Vice President and Area Director for AMP's Asia Pacific Central region; Divisional Vice President of Operations, Asia Pacific; and most recently Divisional Vice President of Computer and Consumer Electronics, based in Hong Kong, China. Mr. Bruggeworth attended Wilkes University in Wilkes-Barre, Pennsylvania, where he earned a bachelor's degree in electrical engineering. In addition to the MSA and Qorvo boards, he serves on the board of the Semiconductor Industry Association (SIA) and was its Chair in 2021. Annonce • May 06
MSA Safety Incorporated (NYSE:MSA) entered into a definitive agreement to acquire Autronica Fire and Security AS from Spectrum Safety Solutions Purchaser, LLC for approximately $560 million. MSA Safety Incorporated (NYSE:MSA) entered into a definitive agreement to acquire Autronica Fire and Security AS from Spectrum Safety Solutions Purchaser, LLC for approximately $560 million on May 5, 2026. The transaction will be funded through a combination of cash on hand and borrowings under MSA existing credit facility. Any payment made by the Seller to the Purchaser, or vice versa, in respect of a claim for compensation, indemnity or reimbursement pursuant to this Agreement shall be, to the extent permitted by applicable law, treated as an adjustment to the Consideration payable by the Purchaser for the Shares.
In 2025, Autronica Fire and Security AS recorded approximately $160 million in sales with an adjusted EBITDA margin of approximately 20%.
The transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in the third quarter of 2026. The acquisition is expected to be accretive to growth and margins, with synergies. Autronica is a capital-efficient business that generates significant free cash flow and is expected to be accretive to adjusted EPS in the first full year of ownership.
BofA Securities, Inc. acted as financial advisor for MSA Safety Incorporated. Sidley Austin LLP acted as legal advisor for MSA Safety Incorporated. Dipak Bhundia and Victoria Legg of Kirkland & Ellis International LLP act as legal advisor and Ramboll Americas Engineering Solutions, Inc., Lockton Companies LLP and Ernst & Young AB act as due diligence advisor for Spectrum Safety Solutions Purchaser, LLC. Annonce • May 04
MSA Safety Incorporated Raises Quarterly Dividend, Payable on June 10, 2026 The Board of Directors of MSA Safety Incorporated approved the company's 56 consecutive annual dividend increase, raising the quarterly dividend from $0.53 per common share to $0.54 per common share. The change reflects a 2% increase in the quarterly dividend and a 2% increase in 2026 dividends per common share compared to 2025. The dividend is payable on June 10, 2026, to shareholders of record on May 15, 2026. Annonce • Apr 23
MSA Safety Incorporated Advances G1 Breathing Apparatus Platform And Showcases G1 XR Edition SCBA At FDIC MSA Safety Incorporated announced that it is advancing its G1 Breathing Apparatus platform to help firefighters make decisions with confidence by combining proven protection, enhanced comfort, and new real-time data capabilities. At FDIC International this week, MSA Safety is showing the G1 XR Edition Self-Contained Breathing Apparatus (SCBA). Designed directly from firefighter feedback, this next-generation SCBA addresses the realities of fireground use by reducing weight, improving fit, simplifying cleaning, and supporting clearer communication. The G1 XR Edition SCBA enhancements enable departments to customize their experience with solutions that support their operations, including adjustable lumbar pad options, updated soft goods and pull straps, and clear radio connection. The G1 XR Edition SCBA meets the 2025 edition of the NFPA 1970 standard. MSA is expanding its connected safety capabilities with the new FireGrid Incident Command Application Programming Interface (API). Firefighters can learn how FireGrid Incident Command API enables the integration of G1 SCBA data directly into a department's preferred, MSA-approved incident command system. This increases real-time operational insight into a firefighter's air pressure, movement, alarms, and individual information. FireGrid Incident Command API makes it possible to share the G1 SCBA data and alarms via a secure cloud connection with select software partners that incident commanders already use to manage other fireground elements such as apparatus, hydrant locations, and team assignments. By consolidating data into one place, incident commanders gain faster access to actionable information, helping them make quicker, more informed decisions on scene. Firefighters will be able to experience MSA Safety's head-to-toe protection offerings at FDIC, including turnout gear from Globe Manufacturing Company and Cairns helmets. Attendees can try on the new Globe G-XTREME PRO Jacket, which recently became available for order. The jacket features a unique three-panel design that helps reduce bulk while maximizing comfort and mobility, offers a broader range of fit options, and includes a mic pass-through option for wearing a radio beneath the jacket. Globe will also be previewing upcoming enhancements for the G-XTREME PRO Jacket, including new collar closure options and expanded moisture barrier offerings. Annonce • Apr 21
MSA Safety Incorporated to Report Q1, 2026 Results on May 04, 2026 MSA Safety Incorporated announced that they will report Q1, 2026 results After-Market on May 04, 2026 Annonce • Mar 27
MSA Safety Incorporated, Annual General Meeting, May 08, 2026 MSA Safety Incorporated, Annual General Meeting, May 08, 2026. Annonce • Feb 27
MSA Safety Incorporated (NYSE:MSA) announces an Equity Buyback for $500 million worth of its shares. MSA Safety Incorporated (NYSE:MSA) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its outstanding common stock. The repurchase program has no termination date. Annonce • Jan 15
MSA Safety Incorporated Declares Quarterly Dividend, Payable on March 10, 2026 The Board of Directors of MSA Safety Incorporated declared a first quarter dividend of $0.53 per share on common stock, payable March 10, 2026, to shareholders of record on February 13, 2026. Annonce • Oct 31
MSA Safety Incorporated Declares Fourth Quarter, Payable December 10, 2025 MSA Safety Incorporated declared a fourth quarter dividend of $0.53 per share on common stock, payable December 10, 2025, to shareholders of record on November 14, 2025. Annonce • Oct 30
MSA Safety Incorporated Provides Earnings Guidance for the Fourth Quarter of 2025 MSA Safety Incorporated provided earnings guidance for the fourth quarter of 2025. The company is forecasting that they will have growth -- sales growth in the fourth quarter, and they're forecasting that they will have a slight margin uptick in the fourth quarter as well as sales are up for the whole fiscal year, just to clarify that. Annonce • Oct 29
MSA Safety Incorporated Reaffirms Its Earnings Guidance for 2025 MSA Safety Incorporated reaffirmed its earnings guidance for 2025. The company maintained its low-single-digit organic sales growth outlook for 2025. Annonce • Oct 15
MSA Safety Incorporated to Report Q3, 2025 Results on Oct 28, 2025 MSA Safety Incorporated announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Annonce • Sep 15
MSA Safety, Inc. Debuts Two New Safety Solutions at National Safety Congress MSA Safety Inc. debuts two of its newest solutions, the V-Gard H2®? Full Brim Safety Helmet and ALTAIRio™? 6 Multigas Detector during the 2025 National Safety Congress & Expo (NSC), in Denver, Colorado. MSA Safety debuts two new safety solutions: the V-Gard H 2®? Full Brim Safety helmet and ALTAIRio®? 6 Multigas Detect. The V-Gard H2 Full Brim Safety Helmet is the latest addition to MSA Safety's head protection portfolio. Meeting ANSI Type II certification, it includes an integrated chinstrap for enhanced protection against lateral impacts and is compatible with nearly all V-Gard®? accessories. It's designed for additional sun and debris protection and features quick and easy customization options for existing and new logos. The V-GardH2 Full Brim Safety Helmet joins MSA's leading line of extensive Type I and Type II head protection innovations. Protecting against top and lateral impacts, it extends the V-Gard H1 Safety Helmet offering and can be equipped with the optional Mips®? safety system that offers rotational impact protection to help reduce the risk of traumatic brain injuries. The V-Gard T2 Full Brim Safety Helmet will be the newest addition to the MSA Connected Work Platform. This six-gas detection is ideal for confined space monitoring and sampling applications, and it will be MSA's first cellular-connected gas detector featuring an integrated pump. Additionally, it features MSA's XCell®? sensors; has a large, highly visible screen; a removable, rechargeable external battery; and is small enough for handheld use or to wear. The ALTAIR io 6 Multigas Detector will join the ALTAIR io™? 4 Gas Detection Wearable on the MSA Connected Work platform. While the ALTAIR io 4 is primarily used as a personal, continuous monitoring device, the ALTAIR io 6 is designed for sampling spaces on job sites or before confined space entry, with both devices used across the construction, manufacturing, oil and gas, and utilities markets. Sharing similar technologies, both detectors have the same user interface and use MSA Grid software. This makes it easy for safety managers to integrate both devices and connect them into their fleet of gas monitors, which can create a powerful Connected Work experience to enhance safety management on worksites. MSA Grid provides information about device location and alerts in real-time, while also providing immediate access to data from a single device or fleet of devices. The ALTAIR io6 will be available for order later this year. Additionally, MSA Safety will be featuring its fall protection solutions, including the V-SERIES®? line of harness, personal fall limiters (PFLs) and self-retracting lifelines (SRLs), and respiratory protection portfolio at NSC. This year MSA Safety is in Booth 1122. Annonce • Jul 22
MSA Safety Incorporated to Report Q2, 2025 Results on Aug 04, 2025 MSA Safety Incorporated announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 04, 2025 Annonce • Jun 30
MSA Safety Incorporated(NYSE:MSA) dropped from Russell 1000 Dynamic Index MSA Safety Incorporated(NYSE:MSA) dropped from Russell 1000 Dynamic Index Annonce • May 08
MSA Safety Incorporated (NYSE:MSA) acquired M&C Techgroup Germany GmbH in a transaction valued at $200 million. MSA Safety Incorporated (NYSE:MSA) acquired M&C Techgroup Germany GmbH in a transaction valued at $200 million on May 7, 2025. Transaction expected to be accretive to MSA's adjusted earnings in 2025.
MSA Safety Incorporated (NYSE:MSA) completed the acquisition of M&C Techgroup Germany GmbH on May 7, 2025. Annonce • May 02
MSA Safety Incorporated Approves Quarterly Dividend, Payable on June 10, 2025 The Board of Directors of MSA Safety Incorporated approved the company's 55 consecutive annual dividend increase, raising the quarterly dividend from $0.51 per common share to $0.53 per common share. The change reflects a 4% increase in the quarterly dividend and a 5% increase in 2025 dividends per common share compared to 2024. The dividend is payable on June 10, 2025, to shareholders of record on May 15, 2025. Annonce • Apr 30
MSA Safety Incorporated Provides Sales Guidance for the Year 2025 MSA Safety Incorporated provided sales guidance for the year 2025. The company maintained its low-single-digit full-year organic sales growth outlook for 2025, while acknowledging increased risk due to macroeconomic factors. Annonce • Apr 16
MSA Safety Incorporated to Report Q1, 2025 Results on Apr 29, 2025 MSA Safety Incorporated announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Annonce • Apr 09
MSA Safety Incorporated Announces Enhancements to its G1 SCBA Platform at FDIC 2025 MSA Safety Incorporated announced enhancements to its G1 SCBA Platform at FDIC 2025. Innovation in the fire service is a continuous journey, where changing customer needs are driving forces in developing the newest safety solutions. For MSA Safety, that means taking the best and making it even better with the latest edition of its market-leading self-contained breathing apparatus (SCBA) and designing an all-new turnout jacket. This week at FDIC International, MSA Safety will do just that by announcing the MSA®? G1™? SCBA XR Edition and all-new Globe®? G-XTREME®? PRO Jacket. Building on 10 years of continuous innovation, the MSA®? G 1™? SCBA XR edition is the latest evolution of the G1 SCBA, featuring enhancements to the breathing air regulator and to various soft goods, including the straps, lumbar pad, and emergency and quick-fill pouches. All soft goods are removable for easy cleaning, and all enhancements are backwards-compatible to existing G1 SCBA units. The G1 SCBA XR Edition will be available for order beginning in May. With 15 U.S. patents, the G1 SCBA has a broad range of innovative features to enhance firefighter safety, comfort, situational awareness and operational efficiency, including standard voice amplification and radio interface capability, an advanced electronics platform powered by a single rechargeable battery, and an integrated telemetry solution. The Globe®? G-xtREME®? PRO Jacket features a unique, three-panel outer shell design that includes a mesh feature in the liner to reduce bulk and help maximize comfort and mobility; a redesigned collar; and new length options to accommodate a wide range of body types and additional flexibility in design specifications. This new jacket from Globe Manufacturing Company will be available for order later this year. MSA will also feature its Cairns®? line of fire helmets and FireGrid™? applications platform at FDIC this year. In addition to the Cairns 1836 Fire Helmet, one of lightest traditional-style fire helmets available to meet National Fire Protection Association (NFPA) standards, various traditional and rescue-style helmets will be on display. The cloud-connected capabilities of FireGrid will also be highlighted, featuring applications that help to digitize manual tasks and empower firefighters to use available device and personnel data to make more informed decisions on- and off-scene. The MSA Safety booth at FDIC is number 2623. To stay up to date with the latest company happenings at FDIC, visit MSA's FDIC website or follow MSA Fire's Facebook, MSA Fire's Instagram and company's LinkedIn pages. Annonce • Apr 01
MSA Safety Incorporated, Annual General Meeting, May 13, 2025 MSA Safety Incorporated, Annual General Meeting, May 13, 2025. Annonce • Mar 14
MSA Safety Incorporated Announces CFO Changes MSA Safety Incorporated announced it has accepted the resignation of its Chief Financial Officer, Lee B. McChesney, effective March 21, 2025. Mr. McChesney, who was elected CFO in October of 2022, is leaving to accept a similar position at another public company. In addition, MSA Executive Director of Financial Planning and Analysis and Strategy, Elyse L. Brody, has been appointed interim CFO. Annonce • Feb 07
MSA Safety, Inc. to Showcase Automatic Leak Detection and Monitoring Expertise at AHR Expo The spotlight on refrigerant leak detection, monitoring and reporting has never been brighter as the HVAC and refrigeration (HVAC-R) industry navigates regulatory changes in their market. To help HVAC-R businesses address these changes, MSA Safety Inc. will be showcasing its leak detection and monitoring management solution capabilities at next week's AHR Expo in Orlando, Florida, February 10, 2025 through February 12, 2025. MSA Safety is featuring its comprehensive solution of Automatic Leak Detection (ALD) systems, Parasense Refrigerant Tracking & Compliance Software, and FieldServer Protocol Gateways. AHR Expo attendees can learn more about how this combined solution of ALD systems and Parasense software can help users address their own compliance needs, save money, and provide actionable data to help achieve better leak detection management outcomes. Show visitors will also learn how FieldServer Gateway devices help users easily and securely connect with their detection devices to improve efficiency with products, processes and production. MSA Safety's featured ALD solutions include the MSA Bacharach Multi-Zone Gas Monitor, and MSA Chillgard 5000 Refrigerant Leak Monitor. Both are aspirated detection systems, meaning they pull air from strategically placed sample points into the unit where sensors measure the concentration of refrigerant in the air and trigger alerts if a leak is detected. Both systems are capable of monitoring up to 16-zones for more than 60 different refrigerants and are capable of detecting leaks as low as 1 ppm – considered very early detection for the average leak rate. With an increased industry focus on tracking refrigerant usage and regulatory compliance, MSA Safety is showcasing its Parasense Refrigerant Tracking & Compliance Software. This cloud-based software offers refrigerant management and tracking tools designed to help users reduce operating costs, understand and address their own compliance needs, and achieve sustainability and efficiency goals.AHR Expo attendees can learn more about MSA's suite of FieldServer Protocol Gateways and how they can help customers with building automation and controls, refrigerant leak detection and data management. These Industrial Internet of Things (IIoT) gateways are secure, easy-to-configure devices that serve as entry points for data communication and processing between different HVAC-R products and network protocols to the cloud. FieldServer Gateways are connectivity solutions supporting more than 140 protocols, including Modbus, BACnet, LonWorks and KNX. These solutions, expert personnel and more will be featured at MSA Safety's Booth #1361 in the Orange County Convention Center West Building. Annonce • Feb 04
MSA Safety Incorporated to Report Q4, 2024 Results on Feb 12, 2025 MSA Safety Incorporated announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Annonce • Jan 15
MSA Safety Incorporated Declares First Quarter Dividend, Payable on March 10, 2025 The Board of Directors of MSA Safety Incorporated declared a first quarter dividend of $0.51 per share on common stock, payable March 10, 2025, to shareholders of record on February 14, 2025. Declared Dividend • Nov 03
Third quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • Oct 31
MSA Safety Incorporated Declares Fourth Quarterly Dividend, Payable December 10, 2024 MSA Safety Incorporated declared a fourth quarter dividend of $0.51 per share on common stock, payable December 10, 2024, to shareholders of record on November 15, 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$1.69 (vs US$1.66 in 3Q 2023) Third quarter 2024 results: EPS: US$1.69 (up from US$1.66 in 3Q 2023). Revenue: US$432.7m (down 3.1% from 3Q 2023). Net income: US$66.6m (up 2.2% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Oct 11
MSA Safety Incorporated to Report Q3, 2024 Results on Oct 23, 2024 MSA Safety Incorporated announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Annonce • Oct 08
MSA Safety, Inc. Showcases the Power of Data in HVAC-R Technology MSA Safety Inc. will display connected solutions that make it easier to access and use data to help increase safety compliance, protect people and infrastructures, and reduce emissions. Expo attendees will see the depth and strength of the MSA Safety detection portfolio and learn how the company's solutions are helping safety managers take their safety programs from reactive to proactive for refrigerant leak detection and management. This includes the Bacharach® series of refrigerant monitoring solutions and the Parasense Connected Platform, which is a cloud-based system designed for low-level leak detection, refrigerant tracking and managing compliance. Other systems and solutions MSA will showcase include: MSA Bacharach® MGS400 series: With intuitive interfaces, low-temperature performance and fast response times, these leak detection solutions, including the MGS-450, are designed specifically to help make safety compliance simple and easy in HVAC and refrigeration; MSA Chillgard® 5000 Monitor: An aspirated system that provides 24/7 remote leak monitoring and data analytics, the system pulls air from strategically placed sample points into the unit where sensors measure the concentration of refrigerant in the air and trigger alerts if a leak is detected; ULTIMA® X5000 Gas Monitor: With MSA XCell® gas sensors, TruCal® technology and Bluetooth® capability, it helps to simplify detection for oxygen, toxic and combustible gases; MSA Grid: This cloud-based software, featuring the FieldVEU App, provides users instant access to data and sends notifications on device functionality; FieldServer™ Gateways: Provides automated, on-site or cloud-based monitoring solutions across several industries to help protect local networks from external threats; Bacharach® portable leak detectors: Offering low-ppm level leak detection for refrigerants and various gases, the Bacharach series of portable detectors provides a wide range of detection solution combinations. These products, expert personnel and more will be featured at MSA Safety's location in Hall 5, Booth 5-142. New Risk • Sep 13
New major risk - Revenue and earnings growth Earnings have declined by 2.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks High level of debt (43% net debt to equity). Significant insider selling over the past 3 months (€1.7m sold). Declared Dividend • Aug 05
Second quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 15th August 2024 Payment date: 10th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next year, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Aug 02
Non-Executive Chairman recently sold €1.1m worth of stock On the 30th of July, Nishan Vartanian sold around 6k shares on-market at roughly €174 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nishan has been a net seller over the last 12 months, reducing personal holdings by €6.1m. Annonce • Aug 02
MSA Safety Incorporated Declares Third Quarterly Dividend, Payable on September 10, 2024 The Board of Directors of MSA Safety Incorporated declared a third quarter dividend of $0.51 per share on common stock, payable September 10, 2024, to shareholders of record on August 15, 2024. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.83 (vs US$1.71 in 2Q 2023) Second quarter 2024 results: EPS: US$1.83 (up from US$1.71 in 2Q 2023). Revenue: US$462.5m (up 3.4% from 2Q 2023). Net income: US$72.2m (up 7.7% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annonce • Jul 19
MSA Safety Incorporated Announces Newest Industrial Head Protection Solution the V-Gard H2 Safety Helmet MSA Safety Incorporated announced its latest innovation in head protection, the V-Gard H2 Safety Helmet. As the newest head protection solution available within MSA Safety's iconic V-Gard head protection line, the V-Gard H2 Helmet brings together features of the world's most popular and most recognized industrial helmet system with new features, including the Mips brain protection system for industrial safety helmets. The V-Gard H2 Safety Helmet is designed to meet the impact requirements related to ANSI Z89. Type II certification, the U.S. standard established to help protect workers from a wide variety of hazards. These include lateral and side impacts to the head, such as from slips, trips or falls, which U.S. Bureau of Labor statistics site as a cause for full time construction workers missing at least one day of work annually. The V-Gard H2 Safety Helmet features the option to include the Mips brain protection system for industrial safety helmets that can help to reduce the risk of brain trauma injuries. The Mips safety system is a low-friction layer inside the helmet that is designed to move slightly in the event of an impact to the helmet. The system adds another layer of protection intended to help reduce the risk of brain trauma by redirecting rotational energies in the event of certain angled or lateral impacts to the helmet, such as during slips, trips and falls. Additional features of the V-Gard H2 Safety Helmet include the integrated 4-point chinstrap and extensive accessory compatibility with nearly all V-Gard H1 and V-Gard accessories. The V-Gard H2 Safety Helmet is available in vented and non-vented options, as well as a wide variety of colors. A wide variety of logo and customization options are also available for the helmets. The V-Gard H2 Safety Helmet is currently available in the United States. Annonce • Jul 11
MSA Safety Incorporated to Report Q2, 2024 Results on Jul 24, 2024 MSA Safety Incorporated announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Annonce • Jul 03
MSA Safety Incorporated(NYSE:MSA) dropped from Russell 1000 Growth-Defensive Index MSA Safety Incorporated(NYSE:MSA) dropped from Russell 1000 Growth-Defensive Index Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. President, CEO, COO & Director Steve Blanco was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 18
MSA Safety, Inc. to Debut Newest Flame Detector At Nfpa Conference & Expo MSA Safety Inc. is introducing its latest solution to help protect people and facility infrastructures: the MSA General Monitors®? FL5000 Multi-Spectrum Flame Detector. This newest detector, along with MSA Safety's leading gas and flame detection solutions portfolio, will be on display at the NFPA Conference & Expo in Orlando, Florida. Attended by thousands of fire protection engineers, firefighters, building and facility managers, and safety professionals, the NFPA Conference & Expo focuses on providing these leaders with access to the latest safety innovations and educational opportunities to help better protect workers and facilities, while providing attendees with the opportunity to experience safety solutions. As the industry's first optical flame detector with Bluetooth® connectivity, the FL5000 Flame Detector is one of those newest innovations on display at the expo. Having this connectivity allows users to wirelessly link to the flame detector for configuration and to perform diagnostic tests, allowing for faster setup, easier detector status checks, and quicker access to event logs. Additionally, the FL5000 Flame Detect features communications capabilities for automatic integration with plant processes and safety systems, making it easy to help further enhance the overall safety operations of a facility. NFPA attendees will be able to talk to product experts to learn more about the unique FL5000 Flame Detector features, including its: Multiple infrared (IR) detectors and an advanced flame detection algorithm that leverages the intelligence of three artificial neural networks (ANN) that process signals to determine potential hazards; Ability to distinguish between dangerous real flames and common false alarm sources, such as lightning, sunlight reflection, and other radiation sources, to help protect facilities while also avoiding false alarms and unnecessary process or plant shutdowns; Factor Mutual (FM) performance verification for 22 of the most common fuel types used in the petrochemical and other process industries; Ability to detect fires up to 310 feet (95 meters) away; and Built-in self-check system. Every two minutes, the detector's electronics perform an optical and electrical check to ensure the path is clear and the electronic circuits are operational. In addition to the FL5000 Flame Detector, MSA Safety will highlight a broad range of gas and flame detection solutions that include the FL500 Ultraviolet/Infrared Flame Detector; the FL500-H2 UV/IR Flame Detector for Hydrogen (H2) Applications; the ULTIMA® X5000 Gas Monitor; and the HazardWatch® FX-12 Fire and Gas Detection System. Registered Expo attendees will have the opportunity to learn from MSA Safety associates about the latest in hydrogen hazard detection and flame detection technology during two sessions during the week. Registrants can attend: Practical Guide to Hydrogen Hazard Detection System Design and Operation: Dave Opheim, MSA Safety New Business Development Manager, will explore potential hazards associated with hydrogen and provide best practices for detecting hydrogen gas leaks and fires. The session will cover safety guidelines, share real-life applications, and provide practical tips for implementing and maintaining a safe working environment. Room W331A on June 17, at 9:15 a.m. Navigating the Latest in Flame Detection Technology: Kevin Killeen, MSA Safety Product Line Manager for Fixed Gas and Flame Detection, will highlight the recent advancements in flame detection design, ranging from advanced neural networks to Bluetooth technology, in exploration of the current state of fire detection systems. Learn more about the innovations shaping safety and discover the dynamic solutions safeguarding environments in the modern era. Expo Hall Theater 1 on June 18 at 2:30 p.m. Annonce • Jun 08
MSA Safety Incorporated Announces the Promotion of David J. Howells to the Position of President, MSA International MSA Safety Inc. announced the promotion of David J. Howells to the position of President, MSA International. In this position, Mr. Howells will be responsible for all of MSA Safety's business operations across Europe, the Middle East, Africa and Asia. Mr. Howells joined MSA Safety in 1981 and was named Interim President of MSA International in February of this year. Prior to that, he served as Vice President, Sales and Customer Marketing for MSA International, playing a key role in helping to transform the company's commercial business with a more progressive Go-to-Market strategy. Over his tenure with MSA Safety, Mr. Howells has held various leadership roles in global distribution channels and sales. In this role, Mr. Howells will remain located at MSA Safety's International headquarters in Rapperswil-Jona, Switzerland. Annonce • May 15
MSA Safety Incorporated Announces Appointment of Nishan J. Vartanian as Non-Executive Chairman The Board of Directors of MSA Safety Inc. on May 10th elected Nishan J. Vartanian Non-Executive Chairman of the Board. Mr. Vartanian's election follows his previously announced plans to retire as MSA Safety's Chief Executive Officer, but to remain on the company's board. Mr. Vartanian will retire as a full-time employee at the end of the month, having served as CEO since 2018 and Chairman since 2020. Annonce • May 14
MSA Safety Incorporated (NYSE:MSA) announces an Equity Buyback for $200 million worth of its shares. MSA Safety Incorporated (NYSE:MSA) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its outstanding common stock. The repurchase program has no termination date. Recent Insider Transactions • May 05
Chairman & CEO recently sold €1.9m worth of stock On the 2nd of May, Nishan Vartanian sold around 11k shares on-market at roughly €173 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nishan has been a net seller over the last 12 months, reducing personal holdings by €6.4m. Declared Dividend • May 05
First quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 14th May 2024 Payment date: 10th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.6% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • May 03
MSA Safety Incorporated Declares Quarterly Dividend, Payable on June 10, 2024 The Board of Directors of MSA Safety Incorporated approved the company's 54th consecutive annual dividend increase, raising the quarterly dividend by 8.5% from $0.47 per common share to $0.51 per common share. The dividend is payable on June 10, 2024 to shareholders of record on May 15, 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$1.48 (vs US$3.83 loss in 1Q 2023) First quarter 2024 results: EPS: US$1.48 (up from US$3.83 loss in 1Q 2023). Revenue: US$413.3m (up 3.8% from 1Q 2023). Net income: US$58.1m (up US$208.3m from 1Q 2023). Profit margin: 14% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Annonce • Apr 27
MSA Safety Welcomes Larry De Maria Executive Director, Investor Relations MSA Safety, Incorporated named Larry De Maria, CFA, as its Executive Director, Investor Relations. He will report to Lee McChesney, Senior Vice President and Chief Financial Officer, and will also serve on MSA's Global Finance Leadership Team. Mr. De Maria joins MSA Safety from William Blair & Company where he served as Group Head, Global Industrial Infrastructure, Equity Research. Prior to joining William Blair in 2011, he was an equity research analyst at Sterne Agee where he co-managed the Global Industrial Infrastructure Group. He also held roles in institutional equities at Prudential Equity Group and A.G. Edwards. Chris Hepler, who has served as Executive Director of Corporate Development and Investor Relations since 2021, will now lead MSA's corporate development function. In this role, he will focus on and expand MSA's acquisition and inorganic investment activities in line with the company's strategic objectives. Annonce • Apr 23
MSA Safety Incorporated to Report Q1, 2024 Results on Apr 29, 2024 MSA Safety Incorporated announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2024 Annonce • Apr 17
MSA Safety, Inc Debuts Lighter Weight Fire Helmet MSA Safety Inc. announced debuts its new fire helmet and showcases safety technology solutions that are helping to connect and protect firefighters. The FDIC, held annually in Indianapolis, Indiana, is one of the world's largest firefighter conferences and attracts more than 30,000 fire service professionals each year. This year, MSA Safety is debuting its newest fire service product, the MSA Cairns® 1836 Fire Helmet, named in honor of Cairns Helmets' founding year. In the North American fire service market, the Cairns 1836 is one of the lightest weight traditional-style fire helmets available. With a reduced ride height, the helmet enhances comfort, fit and balance for the wearer, and features a patent-pending slide-lock system, eliminating the need for special tools for disassembly, which promotes quicker and easier maintenance. FDIC attendees will also see the latest enhancements to MSA's Connected Firefighter Platform, an ecosystem of hardware and software technologies that help fire departments better manage personal protective equipment and related data associated with use and maintenance. The Connected Firefighter Platform is centered around MSA Safety's G1 self-contained breathing apparatus (SCBA). Part of the Platform featured this year is MSA FireGrid software and its Inventory Management capabilities. By using FireGrid to digitize tasks like equipment compliance checks and inspection schedules, Inventory Manager addresses equipment management challenges, eliminates paperwork and makes information easily accessible in a fire department's FireGrid account. This helps departments better track equipment location and usage, and manage equipment cleaning, inspection and maintenance, which ultimately enhances equipment longevity. Other MSA offerings that integrate with the Platform include the LUNAR® Connected Device, a handheld tool that provides search and rescue capabilities for firefighters and serves as a personal thermal imaging camera; the MSA HUB, a wireless, cloud-connected gateway for on-scene and remote monitoring; and ALTAIR® portable gas detectors. In addition, MSA Safety will highlight the impact and value of the data that is available from the Connected Firefighter Platform. Attendees will see how data transmitted directly from the G1 SCBA to the cloud and integrated with FireGrid can enhance safety and help to make on-scene decision making, remote monitoring, and post-event analysis easier. Annonce • Mar 29
MSA Safety Incorporated, Annual General Meeting, May 10, 2024 MSA Safety Incorporated, Annual General Meeting, May 10, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider election of Directors for 2027 which means the election of three directors for a term of three years; to consider Non-Employee Directors’ Equity Incentive Plan Approval which means approval of Adoption of the Company’s 2024 Non-Employee Directors’ Equity Incentive Plan; to consider selection of Independent Registered Public Accounting Firm which is the selection of the independent registered public accounting firm for the year ending December 31, 2024; and to consider other matters. Recent Insider Transactions • Mar 15
Chairman & CEO recently sold €697k worth of stock On the 12th of March, Nishan Vartanian sold around 4k shares on-market at roughly €170 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.8m. Nishan has been a net seller over the last 12 months, reducing personal holdings by €4.5m. Recent Insider Transactions • Mar 05
Chairman & CEO recently sold €1.8m worth of stock On the 1st of March, Nishan Vartanian sold around 11k shares on-market at roughly €169 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nishan has been a net seller over the last 12 months, reducing personal holdings by €3.8m. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$1.49 (vs US$4.58 in FY 2022) Full year 2023 results: EPS: US$1.49 (down from US$4.58 in FY 2022). Revenue: US$1.79b (up 17% from FY 2022). Net income: US$58.6m (down 67% from FY 2022). Profit margin: 3.3% (down from 12% in FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.8% decline forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Feb 08
MSA Safety Incorporated to Report Q4, 2023 Results on Feb 14, 2024 MSA Safety Incorporated announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Upcoming Dividend • Feb 07
Upcoming dividend of US$0.47 per share at 1.1% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 10 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.3%). Annonce • Jan 16
MSA Safety Incorporated Declares First Quarter Dividend on Common Stock, Payable on March 10, 2024 The board of directors of MSA Safety Incorporated declared a first quarter dividend of $0.47 per share on common stock, payable on March 10, 2024, to shareholders of record on February 15, 2024. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.47 per share at 1.2% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 10 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.7%). Annonce • Oct 28
MSA Safety Incorporated Declares a Fourth Quarter Dividend, Payable December 10, 2023 The Board of Directors of MSA Safety Incorporated declared a fourth quarter dividend of $0.47 per share on common stock, payable December 10, 2023, to shareholders of record on November 15, 2023. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$1.66 (vs US$1.15 in 3Q 2022) Third quarter 2023 results: EPS: US$1.66 (up from US$1.15 in 3Q 2022). Revenue: US$446.7m (up 17% from 3Q 2022). Net income: US$65.3m (up 45% from 3Q 2022). Profit margin: 15% (up from 12% in 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Oct 17
MSA Safety Incorporated to Report Q3, 2023 Results on Oct 24, 2023 MSA Safety Incorporated announced that they will report Q3, 2023 results After-Market on Oct 24, 2023 Buying Opportunity • Sep 06
Now 24% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 5.3% in a year. Earnings is forecast to grow by 1,022% in the next year. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.47 per share at 1.1% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 10 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%). Annonce • Aug 02
MSA Safety Incorporated Declares Quarterly Dividend, Payable on September 10, 2023 The Board of Directors of MSA Safety Incorporated declared a third quarter dividend of $0.47 per share on common stock, payable September 10, 2023 to shareholders of record on August 16, 2023. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$1.71 (vs US$1.21 in 2Q 2022) Second quarter 2023 results: EPS: US$1.71 (up from US$1.21 in 2Q 2022). Revenue: US$447.3m (up 20% from 2Q 2022). Net income: US$67.1m (up 41% from 2Q 2022). Profit margin: 15% (up from 13% in 2Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annonce • Jul 14
MSA Safety Incorporated to Report Q2, 2023 Results on Jul 31, 2023 MSA Safety Incorporated announced that they will report Q2, 2023 results After-Market on Jul 31, 2023 Recent Insider Transactions • Jun 13
Insider recently sold €586k worth of stock On the 9th of June, Stephanie Sciullo sold around 4k shares on-market at roughly €143 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Recent Insider Transactions • Jun 07
Chairman & CEO recently sold €1.7m worth of stock On the 2nd of June, Nishan Vartanian sold around 13k shares on-market at roughly €133 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Nishan's only on-market trade for the last 12 months. Annonce • Jun 01
MSA Safety Incorporated Announces Management Changes MSA Safety Incorporated announced that Steve Blanco has been elected President and Chief Operating Officer by the company's Board of Directors. Mr. Blanco, 56, previously served as President of the company's Americas business segment, a position to which he was appointed in 2017. As President and COO, Mr. Blanco will oversee the continued implementation of the company's strategic initiatives across MSA's global portfolio. Nish Vartanian will continue to serve the company as Chairman and Chief Executive Officer. Under Mr. Blanco's leadership, from 2018 through 2022, revenue in the company's Americas segment has grown by more than 40%. During this period, Mr. Blanco helped oversee the company's acquisitions of Globe Manufacturing, Sierra Monitor and Bacharach Inc. Most recently, he led the development and deployment of the MSA Business System - a combination of behaviors, processes and tools designed to drive continuous improvement and superior performance across the entire enterprise. Mr. Vartanian noted that Mr. Blanco's election is part of a longer-term effort to continue to develop the company's senior leaders. Mr. Blanco joined MSA in 2012 as Vice President of Global Operational Excellence, a role in which he oversaw the company's global manufacturing operations and led the implementation of best-in-class practices that helped advance MSA's manufacturing efficiencies across the world. Prior to MSA Safety, Mr. Blanco worked for Eaton Corporation as Vice President of Manufacturing for the company's $7 billion Electrical Sector. Before that, he worked for Ford Motor Company and Visteon, serving in a variety of engineering, plant management and operations roles. Mr. Blanco earned a Bachelor of Science degree in mechanical engineering technology from Purdue University, and he holds an MBA from Indiana Wesleyan University. In his expanded role, Mr. Blanco will remain located in Cranberry Township, Pa., at the company's global headquarters. Annonce • May 23
MSA Safety Incorporated Highlighting the Power of Connected Safety Programs At American Industrial Hygiene Conference & Exposition MSA Safety Inc. is showcasing its Connected Work Platform at the American Industrial Hygiene Conference & Exposition (AIHce) this week in Phoenix, Arizona. Attended by industrial hygiene, occupational and employee health professionals from around the world, AIHce focuses on providing these leaders with strategies and educational opportunities to help better protect worker health and safety, while providing expo attendees with the opportunity to experience safety solutions. As MSA's featured safety solution at AIHce, the Connected Work Platform includes the cloud-ready ALTAIR io™? 4 Gas Detection Wearable Device and the MSA Grid software platform. The ALTAIR io 4 device was designed from the ground-up as a fully connected and intuitive safety solution that is designed to work in concert with the company's MSA+ safety subscription service. When connected together, the ALTAIR io 4 device and MSA+ create a versatile and powerful hardware/software combination that can enhance worker safety and simplify safety program management. This combination is designed to deliver real-time visibility to help drive safety and productivity across workers, worksites and workflows. For a deeper understanding about the impact connected safety solutions can have on worksites, registered AIHce attendees are encouraged to join John Hastings, MSA Safety Connected Services and Solutions Specialist, for an in-depth presentation on The Power of a Connected Safety Program. Taking place at the Innovation Station in the main exhibit hall on May 23, at 1:20 p.m., Mr. Hastings will be speaking about how a connected safety program strategy can be a powerful tool to help organizations with creating a safer work environment, improving productivity, and reducing costs associated with safety program management. In addition to learning more about connected solutions, MSA will highlight a broad range of product safety solutions that include respiratory protection, fall protection and head protection. Reported Earnings • May 02
First quarter 2023 earnings released: US$3.83 loss per share (vs US$0.90 profit in 1Q 2022) First quarter 2023 results: US$3.83 loss per share (down from US$0.90 profit in 1Q 2022). Revenue: US$398.3m (up 20% from 1Q 2022). Net loss: US$150.2m (down US$185.7m from profit in 1Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 01
Insider recently sold €91k worth of stock On the 27th of February, Jonathan Buck sold around 713 shares on-market at roughly €128 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €696k more than they bought in the last 12 months. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$4.58 (vs US$0.54 in FY 2021) Full year 2022 results: EPS: US$4.58 (up from US$0.54 in FY 2021). Revenue: US$1.53b (up 9.1% from FY 2021). Net income: US$179.6m (up US$158.4m from FY 2021). Profit margin: 12% (up from 1.5% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • Feb 09
MSA Safety Incorporated to Report Q4, 2022 Results on Feb 15, 2023 MSA Safety Incorporated announced that they will report Q4, 2022 results After-Market on Feb 15, 2023 Annonce • Feb 04
MSA Safety Incorporated Declares Quarterly Dividend, Payable on March 10, 2023 The Board of Directors of MSA Safety Incorporated declared a first quarter dividend of 46 cents per share on common stock, payable March 10, 2023, to shareholders of record on February 14, 2023. The dividend was declared on January 17. The Board also declared a dividend of 56-1/4 cents per share on preferred stock, payable March 1, 2023, to shareholders of record on February 14, 2023. Annonce • Jan 08
R&Q Insurance Holdings Ltd. (AIM:RQIH) and Obra Capital, Inc. acquired Mine Safety Appliances Company, LLC from MSA Safety Incorporated (NYSE:MSA). R&Q Insurance Holdings Ltd. (AIM:RQIH) and Obra Capital, Inc. acquired Mine Safety Appliances Company, LLC from MSA Safety Incorporated (NYSE:MSA) on January 5, 2023. As part of the transaction, MSA Safety Incorporated and it's affiliates contributed $204 million in cash and funded the redemption of approximately $111 million in existing intercompany notes and R&Q and Obra made aggregate capital contributions of $35 million to Mine Safety Appliances Company. Mine Safety Appliances Company also held approximately $26 million in existing cash and marketable securities at the time of the Sale. The transaction was partially funded with a $250 million term loan at an interest rate of 4.81% and a drawdown on the revolving credit facility of $65 million at a weighted average interest rate of 4.81%. David Alberts and Vikram Sidhu of Mayer Brown LLP acted as legal advisor to R&Q Insurance Holdings and Obra Capital, Inc. Kenneth Kansa, Thomas Labuda Jr. and Alexis Cooper of Sidley Austin LLP acted as legal advisor to MSA Safety Incorporated. Kroll, LLC acted as fairness opinion provider to MSA Safety Incorporated and Mine Safety Appliances Company.
R&Q Insurance Holdings Ltd. (AIM:RQIH) and Obra Capital, Inc. completed the acquisition of Mine Safety Appliances Company, LLC from MSA Safety Incorporated (NYSE:MSA) on January 5, 2023. Recent Insider Transactions • Nov 29
Insider recently sold €542k worth of stock On the 25th of November, Bob Leenen sold around 4k shares on-market at roughly €136 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.5m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Luca Savi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 10 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 17% share price gain to €136, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total returns to shareholders of 27% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$1.15 (vs US$0.48 in 3Q 2021) Third quarter 2022 results: EPS: US$1.15 (up from US$0.48 in 3Q 2021). Revenue: US$381.7m (up 12% from 3Q 2021). Net income: US$44.9m (up 139% from 3Q 2021). Profit margin: 12% (up from 5.5% in 3Q 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 10
Independent Director recently sold €62k worth of stock On the 8th of August, Rebecca Roberts sold around 500 shares on-market at roughly €125 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$1.22 (vs US$0.64 in 2Q 2021) Second quarter 2022 results: EPS: US$1.22 (up from US$0.64 in 2Q 2021). Revenue: US$372.3m (up 9.1% from 2Q 2021). Net income: US$47.7m (up 90% from 2Q 2021). Profit margin: 13% (up from 7.4% in 2Q 2021). Over the next year, revenue is forecast to grow 7.1%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annonce • Jun 21
MSA Safety Unveils New Line of Firefighter Protective Clothing at Interschutz MSA Safety Incorporated marked the opening of Interschutz 2022 with the unveiling of a new line of firefighter protective clothing (FPC) that is specifically designed to meet the needs of firefighters in Germany, the Netherlands and across continental Europe, offering enhanced comfort and compatibility with MSA's advanced safety equipment and solutions. Called the MSA® Bristol X4, the new line of FPC integrates MSA Bristol's expertise in creating high-performance protective clothing with MSA's market-leading experience in firefighting technologies and connected solutions. The result is a range of new FPC options that provide enhanced comfort, ergonomics and full compatibility with MSA's suite of firefighter equipment, from helmets and self-contained breathing apparatus (SCBA), to the very latest in monitoring accountability and communication devices. Working seamlessly with the company's iconic Gallet F1XF structural helmet and the M1 SCBA, both of which are widely used among fire services across continental Europe, the MSA Bristol X4 has been created with input from hundreds of firefighters in Germany and the Netherlands to deliver a solution designed for these specific markets. As an example, the German fire service market requires an Integrated Harness System and Drag Rescue Device. To meet this need, the X4's Integrated Harness System offers added safety when working at heights. The X4 jacket features an integral belt, lanyard and carabiner that can be easily accessed via a pocket and flap. The Drag Rescue Device, accessed from the upper back of the jacket and via a pocket near the knee, can be used to carry or pull a downed firefighter to safety in an emergency. In the Netherlands, firefighters expressed the need for stronger kneepads for comfort when crawling or operating in confined spaces, and special reflective elements for additional visibility. To address this customer preference, MSA Bristol designers incorporated ergonomic shaping and a streamlined fit, reducing bulk and weight, all while maintaining full range of motion. The X4 line is manufactured with the latest high quality fabric combinations from leading fiber and fabric manufacturers, including WL Gore, PBI Performance Products and Hainsworth. The line has been designed to meet the requirements of CEN standard EN469 Level 2, is available in a wide range of color combinations to suit regional preferences, and can be customized with a selection of optional pockets and loops to accommodate specific equipment. As a global leader in innovative firefighter safety equipment and technology, MSA Safety will also showcase its Connected Firefighter Platform – a suite of advanced safety technologies that work in concert to significantly improve firefighter monitoring, accountability and communication. Two key components of the Connected Firefighter Platform are the LUNAR® Connected Device and MSA's FireGrid® software services. A multifunctional handheld device, LUNAR provides personal thermal imaging and several other innovative features that are designed to enhance firefighter safety and accountability. These innovations include MSA's proprietary Firefighting Assisting Search Technology (F.A.S.T.) network, which alerts and guides teammates to downed team members. In addition, cloud connectivity provides incident command with an overview of on-scene operations by aggregating data from other MSA devices, such as the M1 breathing apparatus. In use, it can transmit key self-contained breathing apparatus (SCBA) information such as cylinder air pressure, battery status and various alarm indicators. FireGrid gives incident commanders the ability to evaluate and manage multiple situations in real time and from any location. Upcoming Dividend • May 06
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 10 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (2.9%). Annonce • May 03
MSA Safety Incorporated Increases Quarterly Dividend, payable on June 10, 2022 The Board of Directors of MSA Safety Incorporated declared a second quarter dividend of 46 cents per share on common stock, payable June 10, 2022 to shareholders of record on May 16, 2022. This represents a 4% increase from the previous quarterly dividend of 44 cents. MSA has increased its dividend annually for more than 50 consecutive years. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: US$0.91 (vs US$0.93 in 1Q 2021) First quarter 2022 results: EPS: US$0.91 (down from US$0.93 in 1Q 2021). Revenue: US$330.7m (up 7.2% from 1Q 2021). Net income: US$35.5m (down 2.3% from 1Q 2021). Profit margin: 11% (down from 12% in 1Q 2021). Over the next year, revenue is forecast to grow 8.2%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 
