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
6 questions for MSA
Also covers: ELAN, EPAC, FSS +9 more
JV
Jeff Van Sinderen
B. Riley Securities
5 questions for MSA
Also covers: BTMD, BYRN, CDRE +12 more
BB
Brian Brophy
Stifel Financial Corp
3 questions for MSA
Also covers: CTOS, ECG, EME +12 more
RM
Rob Mason
Baird
3 questions for MSA
Also covers: AEIS, DCI, KEYS +5 more
E
Ethan
JPMorgan Chase & Co.
2 questions for MSA
Also covers: APG, KNF
Michael Shlisky
D.A. Davidson
2 questions for MSA
Also covers: ALG, BLBD, CENN +19 more
Mike Shlisky
D.A. Davidson
2 questions for MSA
Also covers: BLBD, DE, FSS +4 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: BMI, CAH, EHC +5 more
JH
James Heaney
Jefferies
1 question for MSA
Also covers: AOS, APP, EA +11 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
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.
MSA Safety Announces New $500 Million Share Repurchase Program
MSA
Share Buyback
Guidance Update
- On February 20, 2026, MSA Safety Incorporated's Board of Directors authorized a new share repurchase program of up to $500 million of the company's common stock.
- This new program replaces the previous $200 million share repurchase program authorized in 2024, and the Board did not set a termination date for the new program.
- MSA Safety expects to continue to deliver annual free cash flow conversion in the 90 to 100% range, aligning with its targets and commitment to a disciplined capital deployment strategy.
2 days ago
MSA Safety Announces New Share Repurchase Program
MSA
Share Buyback
- MSA Safety's Board of Directors authorized a new share repurchase program of up to $500 million of the company's common stock on February 20, 2026.
- This new program replaces a previous $200 million share repurchase program that was authorized in 2024.
- The Board did not set a termination date for the new program.
- MSA Safety's President and CEO, Steve Blanco, stated that the company expects to deliver annual free cash flow conversion in the 90 to 100% range.
2 days ago
MSA Safety Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
MSA
Earnings
Guidance Update
M&A
- MSA Safety reported Q4 2025 adjusted diluted earnings per share of $2.38, an increase of 6% from the prior year, on 2% reported sales growth which included a 3% organic decline, a 3% contribution from M&A, and 2% favorable foreign exchange.
- For the full year 2025, net sales grew 4% on a reported basis (1% organic) to $1.9 billion, and adjusted diluted earnings per share were $7.93, up 3% over the prior year. The company generated $295 million in free cash flow, achieving a 106% conversion rate.
- Detection became the largest product category, representing 41% of sales, with 17% organic growth in Q4 2025, primarily in fixed and portable instruments, while fire service organic sales declined 21% due to U.S. market dynamics.
- For 2026, MSA Safety projects mid-single-digit full-year organic growth, with M&C expected to contribute approximately 1 percentage point to revenue growth. The company anticipates margins to improve sequentially, aiming for price-cost neutrality in the first half of 2026 and a return to 30% incremental margin targets.
Feb 12, 2026, 3:00 PM
MSA Safety Announces Solid Q4 and Full-Year 2025 Results with Positive 2026 Outlook
MSA
Earnings
Guidance Update
M&A
- MSA Safety reported solid Q4 2025 operating results, with Net Sales of $511 million and Adjusted EPS of $2.38, representing a +2% and +6% increase year-over-year, respectively.
- For the full year 2025, the company achieved Net Sales of $1.9 billion and Adjusted EPS of $7.93, reflecting +4% and +3% growth, respectively, compared to 2024.
- The company generated strong Free Cash Flow of $295 million for the full year 2025, with a 106% conversion rate, and maintained a robust balance sheet with 0.9x Net Leverage at year-end.
- MSA Safety provided a 2026 outlook for mid-single digit organic sales growth and outlined 2028 financial targets including $2.1B - $2.3B in revenue and $10.00 - $11.00 in EPS.
Feb 12, 2026, 3:00 PM
MSA Safety Reports Q4 and Full Year 2025 Results and Provides 2026 Outlook
MSA
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MSA Safety reported Q4 2025 adjusted earnings per share of $2.38, an increase of 6% year-over-year, on 2% reported sales growth, which included a 3% organic decline. For the full year 2025, net sales grew 4% on a reported basis and 1% organically, with adjusted diluted earnings per share of $7.93, up 3% over the prior year.
- The company generated strong free cash flow of $106 million in Q4 2025 and $295 million for the full year, achieving a 106% conversion rate.
- Detection was a key growth driver in 2025, with 17% organic growth in Q4 and low double-digit organic growth for the full year, now representing 41% of sales, while fire service sales declined due to challenging market conditions.
- For 2026, MSA Safety projects mid-single-digit full-year organic growth, with M&C expected to contribute an additional 1 percentage point to revenue growth, and anticipates achieving price-cost neutrality in the first half of the year.
Feb 12, 2026, 3:00 PM
MSA Safety Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
MSA
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MSA Safety reported Q4 2025 adjusted earnings per share of $2.38, a 6% increase year-over-year, on 2% reported sales growth. Full-year 2025 adjusted EPS was $7.93, up 3%, with 4% reported net sales growth.
- Organic sales in Q4 2025 declined 3%, primarily due to a 21% contraction in fire service sales, which was partially offset by 17% organic growth in detection.
- For the full year 2025, organic sales grew 1%, with double-digit growth in detection and low single-digit growth in industrial PPE. Detection is now the largest product category, representing 41% of sales.
- The company generated strong free cash flow of $106 million in Q4 2025 and $295 million for the full year, achieving a 106% conversion rate. Capital deployment included $189 million for the M&C acquisition and $162 million returned to shareholders via share repurchases and dividends.
- MSA Safety projects mid-single-digit full-year organic growth for 2026, with M&C expected to contribute an additional 1 percentage point to revenue growth. The company anticipates achieving price-cost neutrality in the first half of 2026 and a return to 30% incremental margin targets.
Feb 12, 2026, 3:00 PM
MSA Safety Reports Fourth Quarter and Full-Year 2025 Results
MSA
Earnings
Share Buyback
M&A
- For the full-year 2025, MSA Safety achieved net sales of $1.9 billion, representing a 4% GAAP increase and 1% organic increase year-over-year, with GAAP diluted EPS of $7.09 and adjusted diluted EPS of $7.93.
- In the fourth quarter of 2025, net sales were $511 million, a 2% GAAP increase but a (3)% organic decrease year-over-year, while GAAP diluted EPS was $2.21 and adjusted diluted EPS was $2.38.
- The company acquired M&C TechGroup for $189 million and returned a total of $162 million to shareholders in 2025 through $80 million of share repurchases and $82 million of dividends.
- MSA Safety maintains a strong balance sheet with net debt of $416 million and a net leverage ratio of 0.9x at December 31, 2025, supported by $1.2 billion in liquidity.
- For 2026, the company is expecting mid-single digit full-year organic sales growth.
Feb 11, 2026, 9:45 PM
MSA Safety Announces Fourth Quarter and Full-Year 2025 Results
MSA
Earnings
Guidance Update
M&A
- MSA Safety reported Q4 2025 net sales of $511 million, a 2% GAAP increase, and full-year 2025 net sales of $1.9 billion, a 4% GAAP increase year-over-year.
- For Q4 2025, adjusted diluted EPS was $2.38, and for full-year 2025, adjusted diluted EPS was $7.93.
- In full-year 2025, the company returned $162 million to shareholders, comprising $80 million of share repurchases and $82 million of dividends.
- MSA Safety acquired M&C TechGroup for $189 million and ended 2025 with $416 million in net debt and $1.2 billion in liquidity.
- The company expects mid-single digit full-year organic sales growth for 2026.
Feb 11, 2026, 9:42 PM
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
Quarterly earnings call transcripts for MSA Safety.
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