MSA MSA Safety Dashboard

Risks

• RISKS RELATED TO ECONOMIC, MARKET AND COMPETITIVE CONDITIONS
• Unfavorable economic and market conditions could materially and adversely affect our business, results of operations and financial condition.
• Pandemics or disease outbreaks, such as COVID-19, may cause unfavorable economic or market conditions which could impact demand patterns and/or disrupt global supply chains and manufacturing operations. Collectively, these outcomes could materially and adversely affect our business, results of operations and financial condition.
• A reduction in the spending patterns of government agencies or delays in obtaining government approval for our products could materially and adversely affect our net sales, earnings and cash flow.
• The markets in which we compete are highly competitive, and some of our competitors have greater financial and other resources than we do. The competitive pressures faced by us could materially and adversely affect our business, results of operations and financial condition.
• RISKS RELATED TO LEGAL AND REGULATORY CHALLENGES
• Claims of injuries from products, product defects or recalls of products against our various subsidiaries could have a material adverse effect on our business, operating results, financial condition and liquidity.
• Our subsidiaries, including Mine Safety Appliances Company, LLC, may experience losses from product liability claims. Losses from product liability claims could have a material adverse effect on our business, operating results; financial condition and liquidity, which could introduce volatility from period-to-period in our financial results.
• Our ability to market and sell our products is subject to existing government laws, regulations and standards. Changes in such laws, regulations and standards or our failure to comply with them could materially and adversely affect our results of operations.
• We are subject to various federal, state and local laws and regulations across our global organization and any violation of these laws and regulations could adversely affect our results of operations.
• We are subject to various environmental laws and any violation of these laws could adversely affect our results of operations.
• We are subject to various U.S and foreign tax laws and any changes in these laws related to the taxation of businesses and resolutions of tax disputes could adversely affect our results of operations.
• RISKS RELATED TO SUPPLY AND MANUFACTURING
• Our future results are subject to the risk that purchased components and materials are unavailable or available at excessive cost due to material shortages, excessive demand, currency fluctuation, inflationary pressure and other factors.
• Our plans to continue to improve productivity and reduce complexity may not be successful, which could adversely affect our ability to compete.
• RISKS RELATED TO NEW AND ADJACENT INITIATIVES
• Our plans to improve future profitability through restructuring programs may not be successful and could lead to unintended consequences.
• Our inability to successfully identify, consummate and integrate current and future acquisitions or to realize anticipated cost savings and other benefits could adversely affect our business.
• If we fail to introduce successful new products or extend our existing product lines, we could lose our market position and our financial performance could be materially and adversely affected.
• RISKS RELATED TO CYBERSECURITY OR MISAPPROPRIATION OF OUR CRITICAL INFORMATION
• A failure of our information systems or a cybersecurity breach could materially and adversely affect our business, results of operations and financial condition.
• Our continued success depends on our ability to protect our intellectual property. If we are unable to protect our intellectual property, our business could be materially and adversely affected.
• RISKS RELATED TO DOING BUSINESS INTERNATIONALLY
• We have significant international operations and are subject to the risks of doing business in foreign countries.
• Because we derive a significant portion of our sales from the operations of our foreign subsidiaries, future currency exchange rate fluctuations could adversely affect our results of operations and financial condition, and could affect the comparability of our results between financial periods.
• We benefit from free trade laws and regulations, such as the United States-Mexico-Canada Agreement and any changes to these laws and regulations could adversely affect our results of operations.
• Damage to the reputation of MSA or to one or more of our product brands could adversely affect our business.
• Risks related to our defined benefit pension and other post-retirement plans could adversely affect our results of operations and cash flow.