Earnings summaries and quarterly performance for MSA Safety.
Executive leadership at MSA Safety.
Steven Blanco
Detailed
President and Chief Executive Officer
CEO
DH
David Howells
Detailed
Senior Vice President and President, MSA International
JB
Julie Beck
Detailed
Senior Vice President, Chief Financial Officer and Treasurer
RR
Richard Roda
Detailed
Vice President, Secretary and Chief Legal Officer
SS
Stephanie Sciullo
Detailed
Senior Vice President and President, MSA Americas
Board of directors at MSA Safety.
Research analysts who have asked questions during MSA Safety earnings calls.
RS
Ross Sparenblek
William Blair & Company
4 questions for MSA
Also covers: ELAN, EPAC, JBT +7 more
JV
Jeff Van Sinderen
B. Riley Securities
3 questions for MSA
Also covers: BTMD, BYRN, CDRE +11 more
BB
Brian Brophy
Stifel Financial Corp
2 questions for MSA
Also covers: CTOS, ECG, EME +10 more
Michael Shlisky
D.A. Davidson
2 questions for MSA
Also covers: ALG, BLBD, CENN +19 more
RM
Robert Mason
Robert W. Baird & Co.
2 questions for MSA
Also covers: AEIS, AME, ATMU +12 more
James
Jefferies
1 question for MSA
Also covers: VLTO
JH
James Heaney
Jefferies
1 question for MSA
Also covers: APP, EA, IAC +9 more
LO
Linda O'Malley
D.A. Davidson
1 question for MSA
RM
Richard Magnusen
B. Riley Securities
1 question for MSA
Also covers: TLYS, XPOF, ZUMZ
RM
Rob Mason
Baird
1 question for MSA
Also covers: DCI, KEYS, MIR +2 more
Sam Karlov
William Blair
1 question for MSA
Also covers: FSS
SB
Saree Boroditsky
Jefferies
1 question for MSA
Also covers: AOS, APH, CSL +15 more
Shubham Srivastava
Baird
1 question for MSA
Recent press releases and 8-K filings for MSA.
NFI Group Inc. Announces Settlement with XALT Energy Regarding Battery Recall
MSA
Legal Proceedings
New Projects/Investments
Guidance Update
- NFI Group Inc. (NFI) signed a master settlement agreement (MSA) with XALT Energy, LLC to resolve disputes related to a battery recall, recovering approximately 75% to 80% of its original $229 million provision.
- The settlement includes a cash payment to be received by December 31, 2025, which is expected to increase NFI's third-quarter 2025 total liquidity by approximately 26% on a pro-forma basis.
- NFI will acquire XALT's inventory of new battery cells, battery management software, intellectual property, and hire 21 XALT team members to strengthen its zero-emission platform and customer support.
- Cash outflows for battery replacement, estimated at $70 to $90 million in 2026, will be fully funded by the settlement proceeds for 2026 and partially for 2027, with the program running over 18 to 24 months starting Q2 2026.
- This agreement aims to improve NFI's battery supply chain visibility and accelerate the introduction of a second battery supplier in 2027.
Dec 16, 2025, 12:00 PM
MSA Safety Provides Business Update at Baird Conference
MSA
Guidance Update
M&A
Revenue Acceleration/Inflection
- MSA Safety anticipates 2% organic growth year-to-date and a 1% headwind for the year due to the government shutdown impacting fire service.
- The company expects improved margins in Q4 and 2026, targeting a 47% gross margin range, with pricing actions expected to normalize cost impacts by H1 2026.
- The detection segment is a strong growth driver, outperforming the market due to demand from energy (including clean energy and carbon capture), data centers, and pharmaceuticals.
- Despite receiving NFPA approval for fire service products, the government shutdown is delaying AFG funding, pushing new order impacts into Q1/H1 2026, with a significant replacement cycle projected for 2028-2030.
- MSA is actively pursuing M&A opportunities across all segments to expand addressable markets and is implementing AI tools for internal efficiency and customer engagement.
Nov 12, 2025, 1:55 PM
MSA Safety Maintains 2025 Organic Sales Growth Outlook and Reports Q3 Performance
MSA
Guidance Update
Product Launch
Share Buyback
- MSA Safety maintained its low-single-digit full-year organic sales growth outlook for 2025.
- For the third quarter, the company reported net sales of $468 million, an 8% increase, and adjusted EPS of $1.94, a 6% increase.
- The G1™ XR 2025 Edition SCBA received NFPA approval, and the M&C TechGroup acquisition is on track and accretive to adjusted EPS.
- MSA Safety is actively repurchasing shares in the fourth quarter.
Nov 12, 2025, 1:55 PM
MSA Safety Discusses Organic Growth, Margin Outlook, and Segment Performance
MSA
Guidance Update
Revenue Acceleration/Inflection
M&A
- MSA Safety reported 2% organic growth year-to-date and anticipates gross margins to improve to approximately 47% in the fourth quarter, with further improvements expected in 2026 as pricing actions normalize in the first half of 2026.
- The detection segment is outperforming the market, driven by portable detection (MSA Plus) and strong performance in the energy sector (including clean energy and carbon capture) and data centers.
- The fire service segment faces a 1% headwind for the year due to government shutdown delays impacting AFG funding, despite recent NFPA approval, but a significant replacement cycle is projected for 2028-2030.
- The company is actively pursuing M&A opportunities in core businesses and technologies that align with its mission and growth expectations, exemplified by the M&C TechGroup acquisition.
Nov 12, 2025, 1:55 PM
MSA Safety Discusses Business Outlook and Strategic Initiatives
MSA
Guidance Update
M&A
New Projects/Investments
- MSA Safety reported 2% organic growth year-to-date and anticipates a 1% headwind for the year due to the government shutdown impacting fire service.
- The company expects gross margins to improve in Q4 2025 and into 2026, targeting a 47% gross margin range.
- MSA is actively pursuing M&A to expand addressable markets, exemplified by the M&C TechGroup acquisition, and is also engaged in share buybacks.
- The detection segment is experiencing strong growth, outperforming the market, driven by expansion into clean energy, carbon capture, data centers, and pharmaceutical sectors.
- While NFPA approval for fire service products has been received, the government shutdown is delaying AFG funding, pushing order timing into the first half of 2026, with a significant replacement cycle expected in 2028-2030.
Nov 12, 2025, 1:55 PM
MSA Safety Reports Q3 2025 Results with 8% Sales Growth and Updated Outlook
MSA
Earnings
Guidance Update
CFO Change
- MSA Safety reported Q3 2025 consolidated sales growth of 8% (3% organic) and adjusted earnings per share of $1.94. The M&C Tech Group acquisition contributed $15 million to sales.
- Organic growth was strong in detection (6%) and industrial PPE (7%), with fall protection showing double-digit growth. However, the fire service segment saw a 3% organic decline due to delays in AFG funding and NFPA standard changes in the U.S..
- The company maintained its low single-digit full-year organic growth outlook for 2025 but anticipates the U.S. government shutdown and AFG timing delays will impact Q4 sales, potentially reducing full-year organic growth by 1%.
- Gross margins declined to 46.5% (down 140 basis points) due to inflation, tariffs, and transactional FX, with price-cost neutrality targeted for the first half of 2026.
- MSA generated $100 million in free cash flow in Q3 2025, repaid $50 million of debt, and ended the quarter with net leverage of one time. The company expects to repurchase shares in Q4.
Oct 29, 2025, 2:00 PM
MSA Reports Strong Q3 2025 Sales and EPS Growth
MSA
Earnings
Guidance Update
Share Buyback
- MSA reported net sales of $468 million for Q3 2025, marking an 8% increase year-over-year, with contributions from organic growth, acquisitions, and foreign exchange.
- Adjusted earnings per share (EPS) increased by 6% to $1.94 in Q3 2025, alongside an adjusted operating income of $104 million and a 22.1% margin.
- The company generated $100 million in free cash flow during Q3 2025 and maintained a robust balance sheet with net leverage at 1.0x as of September 30, 2025.
- MSA is maintaining its low-single digit organic sales growth outlook for 2025, driven by detection and fall protection, despite near-term volatility in the fire service market due to delayed AFG awards and the 2025 NFPA standard change.
- Year-to-date, share repurchases have offset full-year dilution, with $130 million remaining under the current authorization, and further repurchases are anticipated in Q4.
Oct 29, 2025, 2:00 PM
MSA Safety Reports Q3 2025 Results, Updates Full-Year Outlook
MSA
Earnings
Guidance Update
M&A
- MSA Safety reported Q3 2025 consolidated sales growth of 8% (3% organic) and adjusted earnings per share of $1.94.
- The M&C Tech Group acquisition contributed $15 million to sales, while detection and industrial PPE segments showed strong organic growth of 6% and 7% respectively.
- The fire service segment declined 3% organically due to delays in AFG funding and the U.S. government shutdown, which is anticipated to shift some Q4 sales into 2026 and reduce full-year organic growth by approximately 1%.
- The company generated $100 million in free cash flow, repaid $50 million of debt, and ended the quarter with net leverage of one time, while maintaining its low single-digit full-year organic growth outlook for 2025.
Oct 29, 2025, 2:00 PM
MSA Safety Announces Third Quarter 2025 Results
MSA
Earnings
Guidance Update
Share Buyback
- MSA Safety Incorporated reported net sales of $468 million for the third quarter of 2025, representing an 8% GAAP increase and 3% organic increase year-over-year.
- The company achieved GAAP net income of $70 million and adjusted earnings of $76 million, resulting in diluted EPS of $1.77 and adjusted diluted EPS of $1.94 for Q3 2025.
- MSA Safety generated $100 million in free cash flow during the quarter, repaid $50 million of debt, and saw its net leverage decline to 1.0x.
- The company reaffirmed its low-single-digit organic sales growth outlook for 2025, though it expects some fourth-quarter sales, primarily in the fire service, to shift to 2026 due to timing challenges. MSA Safety also anticipates repurchasing shares in the fourth quarter.
Oct 28, 2025, 8:40 PM
MSA Safety Announces Third Quarter 2025 Results
MSA
Earnings
Guidance Update
Share Buyback
- MSA Safety reported net sales of $468 million for the third quarter of 2025, an 8% GAAP increase year-over-year, and adjusted diluted earnings per share of $1.94.
- The company generated $100 million in free cash flow during Q3 2025, leading to a net leverage decline to 1.0x.
- MSA Safety reaffirmed its low-single-digit organic sales growth outlook for 2025 and expects to repurchase shares in the fourth quarter.
- The company noted solid performance in fixed and portable detection and double-digit growth in fall protection, which offset timing headwinds in the fire service.
Oct 28, 2025, 8:30 PM
Quarterly earnings call transcripts for MSA Safety.
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