MSA MSA Safety, Inc.

MSA Safety, Inc. engages in developing, manufacturing, and sale of innovative products, which enhances the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in U.S., Mexico, and Brazil. The International segment comprises of companies in Europe, Middle East, Africa, and the Asia Pacific region. The Corporate segment focuses on the general and administrative expenses incurred in its corporate headquarters. The company was founded in 1914 is headquartered in Cranberry Township, PA.

Company profile

Ticker

MSA

Exchange

NYSE

Website

www.msasafety.com

CEO

Nishan J. Vartanian

Incorporated in

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Health Technology > Other Consumer Specialties

Industry (SEC)

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Zimmer Biomet • Intuitive Surgical • STERIS Plc (Ireland) • Edwards Lifesciences • Avanos Medical • Wright Medical • Align Technology • RTI Surgical • RTI Surgical • Lakeland Industries ...

Former names

Mine Safety Appliances Co

SEC CIK

0000066570

Corporate docs

Articles of Incorporation & Bylaws

IRS number

250668780

MSA stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart MSA financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	341.15M	375.25M	351.01M	349.68M
Net income	43.8M	31.55M	42.61M	40.11M
Diluted EPS	1.11		1.08	1.01
Net profit margin	12.84%	8.41%	12.14%	11.47%
Operating income	58.78M	39.98M	59.61M	54.48M
Net change in cash	-29.57M	43.71M	-3.03M	3.84M
Cash on hand	122.63M	152.2M	108.48M	111.51M
Cost of revenue	183.79M	208.41M	192.31M	188.59M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	1.4B	1.36B	1.2B	1.15B
Net income	137.65M	125.12M	26.96M	93.86M
Diluted EPS		3.18	0.67	2.42
Net profit margin	9.82%	9.21%	2.25%	8.17%
Operating income	186.23M	173.48M	39.58M	160.7M
Net change in cash	12.1M	5.85M	20.49M	7.83M
Cash on hand	152.2M	140.1M	134.24M	113.76M
Cost of revenue	765.37M	746.24M	657.92M	627.28M

Financial data from MSA Safety earnings reports

Recent insider trades

MSA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
26 May 20	Bruggeworth Robert A	Common Stock, no par value	Gift	Dispose G	0	1,220	0	23,954
19 May 20	Bruggeworth Robert A	Common Stock, no par value	Sell	Dispose S	120.43	919	110.68K	25,174
19 May 20	Bruggeworth Robert A	Common Stock, no par value	Option exercise	Aquire M	37.33	2,969	110.83K	26,093
19 May 20	Bruggeworth Robert A	Non-statutory Stock Option Common Stock, no par value	Option exercise	Dispose M	37.33	2,969	110.83K	0
15 May 20	Sperry William R	Common Stock, no par value	Grant	Aquire A	0	1,132	0	2,747
15 May 20	Rogers Sandra Phillips	Common Stock, no par value	Grant	Aquire A	0	1,132	0	4,459
15 May 20	Rebecca B Roberts	Common Stock, no par value	Grant	Aquire A	0	1,132	0	11,965

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

MSA institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	0	NaN%
Opened positions	0	0	NaN%
Closed positions	0	0	NaN%
Increased positions	0	0	NaN%
Reduced positions	0	0	NaN%

13F shares	Current	Prev Q	Change
Total value	0	0	–
Total shares	0	0	–
Total puts	0	0	–
Total calls	0	0	–
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Claims of injuries from our products, product defects or recalls of our products could have a material adverse effect on our business, operating results, financial condition and liquidity.
Our subsidiary, Mine Safety Appliances Company, LLC, may experience losses from cumulative trauma product liability claims. The inability to collect insurance receivables and the transition to becoming largely self-insured for cumulative trauma product liability claims could have a material adverse effect on our business, operating results, financial condition and liquidity.

Management Discussion

Net Sales. Net sales for the three months ended March 31, 2020, were $341.1 million, an increase of $15.1 million, or 4.6%, driven by a strong March compared to $326.0 million for the three months ended March 31, 2019. Please refer to the Net Sales table for a reconciliation of the quarter over quarter sales change.
Note: Constant currency sales change is a non-GAAP financial measure provided by the Company to give a better understanding of the Company's underlying business performance. Constant currency sales change is calculated by deducting the percentage impact from currency translation effects from the overall percentage change in net sales.
Net sales for the Americas segment were $231.2 million in the first quarter of 2020, an increase of $17.5 million, or 8.2%, compared to $213.7 million in the first quarter of 2019. During the quarter, constant currency sales in the Americas segment increased 9.8% compared to the prior year period, driven by growth across a substantial portion of the portfolio, with notable increases in gas detection and air purifying respirators ("APR") as a result of the global mask shortage caused by the COVID-19 pandemic. The Company's subsidiary, MSA LLC, is ramping production of APR in its Jacksonville, NC plant and expects to make progress in increasing capacity to meet the surge in demand in this area over the next several quarters. The backlog for APR is sizable and growing, however, it will take time to ramp up manufacturing capacity and convert the backlog into revenue.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2020 Q1