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MSA Safety (MSA)

Established in 1914, MSA Safety Incorporated is the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures. Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive product line is used by workers around the world in a broad range of markets, including the oil, gas and petrochemical industry, the fire service, the construction industry, mining and the military. MSA's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective apparel, and fall protection devices. With 2020 revenues of $1.35 billion, MSA employs approximately 5,000 people worldwide. The company is headquartered north of Pittsburgh in Cranberry Township, Pa., and has manufacturing operations in the United States, Europe, Asia and Latin America. With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America.

Company profile

Ticker
MSA
Exchange
CEO
Nishan Vartanian
Employees
Incorporated
Location
Fiscal year end
Former names
MINE SAFETY APPLIANCES CO
SEC CIK
Subsidiaries
Compañia MSA de Argentina S.A. • General Monitors Ireland Limited • General Monitors, Inc. • Globe Holding Company, LLC • Latchways plc • Mine Safety Appliances Company, LLC • MSA (China) Safety Equipment Co. Ltd. • MSA (Suzhou) Safety Equipment R&D Co., Ltd • MSA Advanced Detection, LLC • MSA Belgium bvba ...
IRS number
250668780

MSA stock data

Calendar

28 Jul 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 135.57M 135.57M 135.57M 135.57M 135.57M 135.57M
Cash burn (monthly) 4.06M 3.24M (no burn) (no burn) 10.34M (no burn)
Cash used (since last report) 6.84M 5.45M n/a n/a 17.41M n/a
Cash remaining 128.73M 130.12M n/a n/a 118.16M n/a
Runway (months of cash) 31.7 40.2 n/a n/a 11.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Aug 22 Bruggeworth Robert A Common Stock, no par value Sell Dispose S No No 131 885 115.94K 2,423
12 Aug 22 Bruggeworth Robert A Common Stock, no par value Option exercise Acquire M No No 49.92 2,179 108.78K 3,308
12 Aug 22 Bruggeworth Robert A Non-statutory Stock Option Common Stock, no par value Option exercise Dispose M No No 49.92 2,179 108.78K 0
12 Aug 22 Bruggeworth Robert A Common Stock, no par value Sell Dispose S No No 131 835 109.39K 2,473
11 Aug 22 Rebecca B Roberts Common Stock, no par value Gift Dispose G No No 0 60 0 11,280
10 Aug 22 William M Lambert Common Stock, no par value Sell Dispose S No No 126.5951 33,885 4.29M 42,869
10 Aug 22 William M Lambert Common Stock, no par value Sell Dispose S No No 127.3918 9,642 1.23M 76,754
10 Aug 22 William M Lambert Common Stock, no par value Sell Dispose S No No 128.2621 8,922 1.14M 86,396
10 Aug 22 William M Lambert Common Stock, no par value Sell Dispose S No No 125.7243 700 88.01K 95,318
10 Aug 22 William M Lambert Common Stock, no par value Option exercise Acquire M No No 44.5 53,149 2.37M 96,018
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
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

Financial report summary

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Risks
  • Claims of injuries or potential safety issues related to alleged product defects, or quality concerns 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.
Management Discussion
  • Net Sales. Net sales for the three months ended June 30, 2022, were $372.3 million, an increase of $31.0 million, or 9.1%, compared to $341.3 million in the same period last year, driven by acquisitions and the combination of volume growth and price realization. We saw healthy growth across most core products. Please refer to the Net Sales table for a reconciliation of the quarter over quarter sales change.
  • (a) Includes Bacharach, Inc. and its affiliated companies ("Bacharach"), which was acquired on July 1, 2021.
  • Note: Organic 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. Organic constant currency sales change is calculated by deducting the percentage impact from acquisitions and currency translation effects from the overall percentage change in net sales.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: broader, Corrupt, culturally, diverse, easily, expropriation, extra, hiring, hundred, instability, intellectual, merit, movement, privacy, realization, regulatory, retaining, rightsize, Scarcity, security, semiconductor, strength, substituted, supplier, tariff, theft, transportation, unexpected, unintended, Union, weather, worldwide
Removed: APAC, application, assembled, attrition, combining, contributory, coupled, deliver, demand, discount, EMEA, essential, FGFD, finite, foreseeable, fulfill, identifiable, independent, individually, involved, maintaining, meaningful, pandemic, performed, persist, Pittsburgh, practicable, preliminary, produce, project, protecting, relief, royalty, separately, specialist, spending, successfully, tangible, tasked, workforce

Patents

Utility
Safety Device for Providing Output to an Individual Associated with a Hazardous Environment
18 Aug 22
Provided are computer-implemented systems and methods for a device that includes at least one processor programmed or configured to receive one or more messages from a device in an transmit state, the one or more messages comprising a first message received at a first power level, the first message comprising data associated with a power level at which the first message was transmitted by the transmitting device, and a second messages received at a second power level, the second message comprising data associated with a power level at which the second message was transmitted by the transmitting device.
Utility
Detection of blockage in a porous member
16 Aug 22
A method of detecting at least a blockage status in a porous member separating a measurement chamber of a device including a gas sensor positioned within the measurement chamber which is responsive to an analyte in an ambient environment to be sampled, includes emitting pressure waves from a pressure wave source which travel within the measurement chamber, measuring a first response via a first sensor responsive to pressure waves positioned at a first position within the measurement chamber, measuring a second response via a second sensor at a second position, different from the first position, and in fluid connection with the pressure wave source, determining the blockage status of the porous member based upon a functional relation of the first response and the second response.
Utility
Electrochemical method to determine the sensitivity of a gas sensor by pulse sequences
9 Aug 22
An electrochemical method for determining the sensitivity of at least one gas sensor.
Utility
Pressure Regulator Assembly and Bypass Assembly for a Self-contained Breathing Apparatus
30 Jun 22
A pressure regulator assembly for an SCBA includes a valve assembly having a piston, a cylinder for receiving the piston, a sealing member for engagement by the piston, a conduit extending through the piston and facilitating fluid communication between an inlet chamber and a cavity of the cylinder, and a driving assembly for facilitating the engagement and disengagement of the piston responsive to a change of pressure in the outlet chamber.
Utility
Safety device for providing output to an individual associated with a hazardous environment
31 May 22
Provided are computer-implemented methods that include receiving one or more messages from a device in a transmit state, including: a first message received at a first power level, the first message including data associated with a power level at which the first message was transmitted by the device in the transmit state, and a second message received at a second power level, the second message including data associated with a power level at which the second message was transmitted by the device in the transmit state; and determining a heading toward the device in the transmit state based on the first message and the second message.