MSA MSA Safety

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
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
()
Press releases
MSA Schedules First Quarter Earnings Webcast
21 Apr 21
Breakthrough Technology for Firefighter Search and Rescue Now a Reality from MSA Safety
6 Apr 21
Supply Chain Innovation and Tech Breakthroughs Set to Repair Broken PPE Pipeline
23 Mar 21
MSA to Participate in Baird Sponsored Conference Call
18 Mar 21
MSA Safety, Inc. to Host Earnings Call
19 Feb 21
Calendar
18 Feb 21
22 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from MSA Safety earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Mar 21 | Blanco Steven C. Sr. | Common Stock, no par value | Gift | Dispose G | No | No | 0 | 4,000 | 0 | 8,780 |
12 Mar 21 | Rogers Sandra Phillips | Common Stock, no par value | Sell | Dispose S | No | No | 164.2857 | 1,000 | 164.29K | 3,459 |
10 Mar 21 | Jordan Gregory B. | Common Stock, no par value | Grant | Aquire A | No | No | 0 | 3.027 | 0 | 2,666.269 |
10 Mar 21 | Pearse Diane M | Common Stock, no par value | Grant | Aquire A | No | No | 0 | 3.027 | 0 | 30,909.269 |
8 Mar 21 | John T Ryan Iii | Common Stock, no par value | Sell | Dispose S | Yes | No | 164 | 1,677 | 275.03K | 729,641 |
Institutional ownership Q4 2020
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
- 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.
Management Discussion
- Net Sales. Net sales for the year ended December 31, 2020, were $1.35 billion, a decrease of $53.8 million, from $1.40 billion for the year ended December 31, 2019. Constant currency sales decreased by 3% for the year ended December 31, 2020. Please refer to the Net Sales table below for a reconciliation of the year over year 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 removing the percentage impact from currency translation effects from the overall percentage change in net sales.
- Net sales for the Americas segment were $874.3 million for the year ended December 31, 2020, a decrease of $40.8 million, or 5%, compared to $915.1 million for the year ended December 31, 2019. During 2020, constant currency sales in the Americas segment decreased 3% compared to the prior year period, driven by weakness in oil and gas and commercial construction markets due to the ongoing impact of the COVID-19 pandemic, which was partially offset by increases in Breathing Apparatus in fire service markets and APR in a broad range of end markets related primarily to pandemic response.
Content analysis
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H.S. freshman Avg
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New words:
acumen, advisory, Agility, anchorage, APAC, APR, aspiring, avenue, battery, Bell, Bristol, capability, career, cautiously, cleaning, commercial, connector, conversion, count, COVID, discovery, disease, diversified, downturn, EAP, EHMR, EHS, elastomeric, EMEA, emotional, empowered, encircled, episodic, essential, EUA, exhalation, export, FDA, feedback, feel, female, filtration, foster, fostering, foundation, frequency, fulfill, Galway, gender, goal, great, Grounded, healthcare, hook, influence, inorganic, KrauseSr, leadership, learning, lesser, loop, LS, median, mental, metric, mission, motivate, mouth, move, nonoperating, nose, openly, pace, paired, pandemic, phased, philosophy, physical, purifying, race, radio, reconnect, reconnecting, recruit, remote, repeat, reset, respirator, reusable, RFID, rollout, salary, salesforce, simple, slowdown, smart, sovereign, Speed, split, statutorily, sudden, tasked, Teamwork, temporarily, thoughtful, throughput, true, twin, unamortized, unfunded, vaccine, valve, VartanianChairman, visibility, Vital, wearer, widespread, women
Removed:
accrue, Camera, collect, comparative, conform, consumer, correlation, decade, deductible, depict, dilution, disputed, drawn, eliminating, equally, failing, Imaging, Imputation, inconsistency, initially, inseparable, insured, limitation, longer, NH, OPEB, Pittsfield, precise, promised, propensity, rare, reassessed, recast, recognizing, Recoverability, release, reorganization, resolving, Senscient, Shareholder, Simplifying, sooner, stoppage, Thermal, thousand, trend, trial, uncollectible, undiscounted, VRIP, WACC
Financial reports
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
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
25 Oct 18
Current reports
8-K
MSA Safety Announces Fourth Quarter and Full Year 2020 Results
18 Feb 21
8-K
MSA Safety Acquires U.K. Firefighter Turnout Gear Manufacturer Bristol Uniforms
25 Jan 21
8-K
MSA Safety Announces Third Quarter Results
28 Oct 20
8-K
MSA Safety Announces Second Quarter Results
29 Jul 20
8-K
Departure of Directors or Certain Officers
24 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
14 May 20
8-K
MSA Safety Announces Strong First Quarter Results
29 Apr 20
8-K
Other Events
20 Mar 20
8-K
Other Events
16 Mar 20
8-K
Departure of Directors or Certain Officers
3 Mar 20
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
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
UPLOAD
Letter from SEC
30 May 16
Ownership
4
MSA Safety / Sandra Phillips Rogers ownership change
15 Mar 21
4
MSA Safety / Steven C. Sr. Blanco ownership change
15 Mar 21
4
MSA Safety / Gregory B. Jordan ownership change
11 Mar 21
4
MSA Safety / DIANE M PEARSE ownership change
11 Mar 21
4
MSA Safety / Nishan J. Vartanian ownership change
10 Mar 21
4
MSA Safety / Stephanie L Sciullo ownership change
10 Mar 21
4
MSA Safety / Bob Willem Leenen ownership change
10 Mar 21
4
MSA Safety / Kenneth D. Krause ownership change
10 Mar 21
4
MSA Safety / Jonathan D. Buck ownership change
10 Mar 21
4
MSA Safety / Steven C. Sr. Blanco ownership change
10 Mar 21
Patents
GRANT
Utility
Carabiner divider and fall arrest system
23 Mar 21
A divider (10) for a carabiner (12) in a fall arrest system (14), the carabiner (12) having a frame (32); and an openable gate (34) configured to be moved between an open position and a closed position, the divider (10) comprising a body (50) having: (i) a central body portion (52); and (ii) a plurality of connection portions (54) extending from the central body portion (52) and configured to attach the divider (10) to at least a portion of the frame (32) of the carabiner (10), wherein the plurality of connection portions (54) are spaced and divide the carabiner (12) into a plurality of areas (56) for connection of at least one component (18, 20) of the harness arrangement (16) and at least one fall arrest device (22).
GRANT
Utility
Sensor with multiple inlets
16 Mar 21
An electrochemical gas sensor includes a sensor housing having a plurality of inlet passages, wherein each of the plurality of inlet passages has a cross-sectional area of no greater than 11,309 μm2.
GRANT
Utility
Dynamic comparative diagnostics for catalytic structures and combustible gas sensors including catalytic structures
16 Mar 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.
GRANT
Utility
Helmet with accessory attachment rail
9 Feb 21
A protective helmet has an outer shell configured for surrounding a head of a user and at least one accessory attachment rail connected to the outer shell.
GRANT
Utility
Sensor interrogation
2 Feb 21
A system includes a system housing including an inlet, at least one gas sensor responsive to a first analyte gas other than oxygen within the system housing and in fluid connection with the inlet, and a sensor responsive to oxygen within the system housing and in fluid connection with the inlet.
Transcripts
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
2018 Q3
Earnings call transcript
25 Oct 18
2018 Q2
Earnings call transcript
26 Jul 18
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