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    Shubham Srivastava

    Research Analyst at Baird

    Shubham Srivastava is an Equity Research Analyst at Baird, specializing in covering companies within the industrial and safety sectors, with MSA Safety Inc. featured among his coverage. He has actively participated in earnings calls and is noted for providing analytical insights on company performance; however, publicly available performance metrics or rankings are currently limited. Srivastava began his career at Baird and is listed with prior relevant roles in equity research, though details on previous firms or start dates are not fully disclosed. His professional credentials, including FINRA registrations or securities licenses, have not been specified in available public sources.

    Shubham Srivastava's questions to MSA Safety (MSA) leadership

    Shubham Srivastava's questions to MSA Safety (MSA) leadership • Q2 2025

    Question

    Shubham Srivastava of Baird inquired about the expected timing and disbursement of Assistance to Firefighters Grant (AFG) funding. He also asked about fourth-quarter seasonality and whether it might be influenced by SCBA shipment timing or detection backlog conversion.

    Answer

    President & CEO Steven Blanco responded that while the AFG funding is approved, the releases have not yet begun. He stated that MSA expects the fund disbursements to start in August, as they must be completed by September. Regarding seasonality, Blanco affirmed that the fourth quarter is typically strong for MSA, particularly in Fire Service and Detection, and he expects this pattern to continue in 2025.

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