Shubham Srivastava's questions to MSA Safety Inc (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.