MSA MSA Safety
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, MNESP
Exchange
Website
CEO
Nishan Vartanian
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MINE SAFETY APPLIANCES CO
SEC CIK
Corporate docs
IRS number
250668780
MSA stock data
()
News
MSA Safety Q2 Adj. EPS $1.06 Beats $1.04 Estimate, Sales $341.00M Beat $329.22M Estimate
28 Jul 21
Earnings Scheduled For July 28, 2021
28 Jul 21
MSA Safety Partners With Perspective Robotics To Enhance Fire Service Offerings
20 Jul 21
MSA Safety Reports Established Joint Development Deal With Perspective Robotics, No Terms Disclosed
20 Jul 21
Press releases
MSA Safety Named As Preferred Portable Gas Detection Supplier for Royal Dutch Shell
30 Jul 21
MSA Safety Announces Second Quarter Results
28 Jul 21
MSA Schedules Second Quarter Earnings Webcast
22 Jul 21
MSA Safety Announces Investment and Collaboration Agreement with Swiss Autonomous Drone Technology Firm to Enhance Fire Service Offerings
20 Jul 21
MSA Safety Completes Acquisition of Bacharach, Inc.; A Leader in Heating, Ventilation, Air Conditioning and Refrigeration (HVAC-R) Leak Detection
1 Jul 21
Calendar
29 Jul 21
30 Jul 21
31 Dec 21
Financial summary
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from MSA Safety earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 174.41M | 174.41M | 174.41M | 174.41M | 174.41M | 174.41M |
| Cash burn (monthly) | 3.55M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 3.66M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 170.75M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 48.1 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Jul 21 | Luca Savi | Common Stock, no par value | Grant | Aquire A | No | No | 0 | 657 | 0 | 657 |
| 14 Jun 21 | John T Ryan Iii | Common Stock, no par value | Gift | Aquire G | Yes | No | 0 | 1,807 | 0 | 731,448 |
| 14 Jun 21 | John T Ryan Iii | Common Stock, no par value | Gift | Dispose G | No | No | 0 | 1,807 | 0 | 998,419 |
| 10 Jun 21 | Pearse Diane M | Common Stock, no par value | Grant | Aquire A | No | No | 0 | 3.02 | 0 | 34,670.289 |
| 10 Jun 21 | Jordan Gregory B. | Common Stock, no par value | Grant | Aquire A | No | No | 0 | 3.02 | 0 | 3,458.289 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|
Financial report summary
?Competition
Honeywell InternationalRisks
- 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.
Management Discussion
- Net Sales. Net sales for the three months ended June 30, 2021, were $341.3 million, an increase of $26.9 million, or 8.6%, driven by increased sales across most of the core product groups compared to $314.4 million for the three months ended June 30, 2020. Please refer to the Net Sales table for a reconciliation of the quarter over quarter sales change.
- 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.
- Net sales for the Americas segment were $217.7 million in the second quarter of 2021, an increase of $13.5 million, or 6.6%, compared to $204.2 million in the second quarter of 2020. During the quarter, constant currency sales in the Americas segment increased 5.8% compared to the prior year period. All core products improved versus the prior year with notable improvements in our industrial business that responded quickly to the improving business environment, partially offset by lower demand for APR products as the business returned to pre-pandemic levels. Americas segment business conditions and order activity continued to improve throughout the quarter and that provides a sense of optimism to start the second half of 2021. Our ability to deliver orders will be dependent upon the extent in which supply chain challenges persist in the second half of 2021.
Content analysis
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| Positive | ||
| Negative | ||
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| Legalese | ||
| Litigous | ||
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H.S. freshman Avg
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New words:
accretion, add, announced, assent, Bacharach, bill, board, diligence, discretion, expansion, foreseeable, good, heating, inclusive, inflation, Kensington, learned, lifetime, meaningful, noncontrolling, NYL, PA, Parliament, partner, persist, PGIM, Pittsburgh, preliminary, Prudential, quickly, raw, reevaluation, refrigeration, repatriate, roughly, royal, slower, solicitation, strong, Subsequent, uncommitted, unique, update, uptick, ventilation
Removed:
Additionally, apply, closure, decline, declined, evolve, focused, full, interim, launched, March, negatively, original, primary, promissory, remeasurement, repayable, September, weak, York
Financial reports
10-Q
2021 Q2
Quarterly report
29 Jul 21
10-Q
2021 Q1
Quarterly report
29 Apr 21
10-K
2020 FY
Annual report
18 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19
Current reports
8-K
MSA Safety Announces Second Quarter Results
28 Jul 21
8-K/A
Financial Statements and Exhibits
16 Jul 21
8-K
Entry into a Material Definitive Agreement
1 Jul 21
8-K
MSA Safety Completes Acquisition of Bacharach, Inc.; A Leader in Heating, Ventilation, Air Conditioning and Refrigeration (HVAC-R) Leak Detection
1 Jul 21
8-K
Luca Savi Elected to MSA Safety Board of Directors
29 Jun 21
8-K/A
Financial Statements and Exhibits
26 May 21
8-K
Entry into a Material Definitive Agreement
24 May 21
8-K
Submission of Matters to a Vote of Security Holders
19 May 21
8-K
MSA Safety Announces First Quarter Results
28 Apr 21
8-K
MSA Safety Announces Fourth Quarter and Full Year 2020 Results
18 Feb 21
Registration and prospectus
S-8
Registration of securities for employees
5 Jun 19
S-8
Registration of securities for employees
17 May 17
S-8
Registration of securities for employees
1 Nov 16
S-8 POS
Registration of securities for employees (post-effective amendment)
26 Feb 15
S-8
Registration of securities for employees
4 Nov 14
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Mar 14
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Mar 14
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Mar 14
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Mar 14
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Mar 14
Proxies
DEFA14A
Additional proxy soliciting materials
9 Apr 21
DEF 14A
Definitive proxy
9 Apr 21
DEF 14A
Definitive proxy
7 Apr 20
DEF 14A
Definitive proxy
8 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
DEF 14A
Definitive proxy
6 Apr 17
DEF 14A
Definitive proxy
30 Mar 16
DEF 14A
Definitive proxy
30 Mar 15
DEF 14A
Definitive proxy
27 Mar 14
DEF 14A
Definitive proxy
28 Mar 13
Other
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
UPLOAD
Letter from SEC
31 Aug 16
CORRESP
Correspondence with SEC
3 Aug 16
UPLOAD
Letter from SEC
6 Jul 16
CORRESP
Correspondence with SEC
21 Jun 16
SD
Conflict minerals disclosure
30 May 16
Ownership
4
MSA Safety / Luca Savi ownership change
13 Jul 21
3
MSA Safety / Luca Savi ownership change
7 Jul 21
11-K
Annual report of employee stock purchases
25 Jun 21
4
MSA Safety / JOHN T RYAN III ownership change
15 Jun 21
4
MSA Safety / DIANE M PEARSE ownership change
11 Jun 21
4
MSA Safety / Gregory B. Jordan ownership change
11 Jun 21
4
MSA Safety / ROBERT A BRUGGEWORTH ownership change
3 Jun 21
4
MSA Safety / JOHN T RYAN III ownership change
1 Jun 21
4
MSA Safety / William R Sperry ownership change
25 May 21
4
MSA Safety / JOHN T RYAN III ownership change
25 May 21
Patents
APP
Utility
Safety Helmet
15 Jul 21
A safety helmet includes an outer shell configured for surrounding a head of a user, and an infrared reflective layer disposed in an interior of the outer shell.
APP
Utility
Carabiner Divider and Fall Arrest System
8 Jul 21
A divider for a carabiner in a fall arrest system, the carabiner having a frame; and an openable gate and configured to be moved between an open position and a closed position, the divider comprising a body having: (i) a central body portion; and (ii) a plurality of connection portions extending from the central body portion and configured to attach the divider to at least a portion of the frame, wherein the plurality of connection portions are spaced and divide the carabiner into a plurality of areas for connection of the at least one component of the harness arrangement and the at least one fall arrest device.
APP
Utility
Detection of Blockage In a Porous Member
1 Jul 21
A method of detecting at least a partial blockage in a porous member separating a first volume from a second volume or inner chamber of a device includes emitting pressure waves within the inner chamber by changing a volume of the inner chamber, measuring a response via a pressure sensor responsive to pressure waves positioned within the inner chamber, and determining if at least a partial blockage is present in the porous member based upon the response of the pressure sensor.
APP
Utility
Operation of Combustible Gas Sensor In a Dynamic Mode with a Constant Resistance Setpoint
17 Jun 21
A method of operating a sensing element including a heating element in operative connection with electronic circuitry, wherein the sensing element forms a resistive element in a circuit of the electronic circuitry, includes, in at least a first phase, activating the electronic circuitry to heat the sensing element to a temperature at which the sensing element is responsive to an analyte gas via energy input to the heating element in a pulsed manner.
APP
Utility
Dynamic Comparative Diagnostics for Catalytic Structures and Combustible Gas Sensors Including Catalytic Structures
17 Jun 21
A combustible gas sensor for detecting an analyte gas includes a first element including a first electric heating element, a first support structure on the first electric heating element and a first catalyst supported on the first support structure and electronic circuitry in electrical connection with the first element.
Transcripts
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
3 May 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
22 Feb 19
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