DUBLIN, April 28, 2025 /PRNewswire/ -- Theravance Biopharma, Inc. ("Theravance Biopharma" or the "Company") (NASDAQ: TBPH) today announced that analyses of the initial Phase 3 program of ampreloxetine (Studies 169 and 170) will be presented at the International MSA Congress, taking place May 9-11, 2025, in Boston, Massachusetts.  These analyses support the Company's understanding of ampreloxetine's highly selective mechanism of action and potential to address symptoms of neurogenic orthostatic hypotension ( ...

Investors might want to bet on MSA Safety (MSA) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a ch ...

PITTSBURGH, April 15, 2025 /PRNewswire/ -- MSA Safety Incorporated (NYSE: MSA), a global leader in the development of advanced safety products and solutions that protect people and facility infrastructures, today announced that it will host the company's first quarter 2025 earnings conference call on Wednesday, April 30, 2025, at 10:00 a.m. Eastern Time.The call and an accompanying slide presentation will be webcast at http://investors.msasafety.com/ under the "News and Events" tab, subheading "Events & Pre ...

MSA Safety Incorporated (MSA) shares ended the last trading session 8.1% higher at $143.57. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.9% loss over the past four weeks.MSA Safety’s rally is largely driven by optimism over its Americas segment, arising from strength across detection, fire service and industrial PPE businesses. Solid product offerings, innovation capabilities and operational initiatives bode ...

Company Also Highlights Continuous Innovation with new Globe Turnout Jacket Announced at FDIC 2025 and building on 10 years of continuous innovation, the MSA® G1™ SCBA XR Edition is the latest evolution of the G1 SCBA. It features enhancements to the breathing air regulator and to various soft goods, including the straps, lumbar pad, and emergency and quick-fill pouches. Announced at FDIC 2025 and building on 10 years of continuous innovation, the MSA® G1™ SCBA XR Edition is the latest evolution of the G1 S ...

Core Viewpoint - MSA Safety Incorporated has announced the resignation of its Chief Financial Officer, Lee B. McChesney, effective March 21, 2025, as he transitions to a similar role at another public company [1]. Group 1: Leadership Changes - The company has initiated a comprehensive search for a new CFO following McChesney's resignation [2]. - Elyse L. Brody, the Executive Director of Financial Planning and Analysis and Strategy, has been appointed as the interim CFO [2]. Group 2: Contributions and Impact - Steve Blanco, President and CEO of MSA Safety, expressed gratitude for McChesney's contributions, highlighting his advocacy for the MSA Business System and efforts in continuous improvement within the Finance organization [3]. Group 3: Company Overview - MSA Safety is a global leader in advanced safety products, technologies, and solutions, with 2024 revenues reported at $1.8 billion [4]. - The company has been focused on safety innovation since 1914 and operates with over 5,000 employees across more than 40 international locations [4].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 1-15579 MSA SAFETY INCORPORATED (Exact name of registrant as specified in its charter) Pennsylvania 46-4914539 (State or other jurisd ...

Financial Data and Key Metrics Changes - Fourth quarter sales were $500 million, an increase of 1% on a reported basis and 2% organic over the prior year [24] - GAAP net income in the quarter totaled $88 million, or $2.22 per diluted share, with adjusted diluted earnings per share at $2.25, up 9% over the prior year [28] - Full-year net sales growth finished at $1.8 billion, up 1% reported and 2% organic compared to last year [32] - Adjusted diluted earnings per share for the full year were $7.70, up 10% over the prior year [35] Business Line Data and Key Metrics Changes - Sales in fire service were up high single digits year over year, primarily due to double-digit growth in SCBA [14] - Detection sales were down low single digits year over year, with a contraction in Fixed Gas and Flame Detection [14] - Industrial PPE sales were down mid-single digits for the year, with low single-digit growth in industrial head protection [15] Market Data and Key Metrics Changes - Order pace remained solid in the fourth quarter, up 14% year over year, with second-half orders up 10% versus the same prior year period [25] - Currency translation was a 1% headwind to overall growth in the fourth quarter [24] - The Americas segment saw sales increase 1% year over year, while the international segment's growth was flat year over year [30] Company Strategy and Development Direction - The company introduced its strategy called "Accelerate" to deliver long-term profitable growth and 2028 financial targets [16] - Focus on innovation and new product development, including the launch of the Cairns 1836 fire helmet and the next generation G1 SCBA [17] - Continued emphasis on customer solutions and recurring revenue through the MSA Plus Connected Worker platform [19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, expecting low single-digit organic sales growth [41] - The operating environment is expected to remain dynamic with uncertain macroeconomic and geopolitical conditions [40] - Management noted that while there may be deferred orders due to the upcoming NFPA standard change, the fire service business remains resilient [60] Other Important Information - Free cash flow in the fourth quarter was $93 million, representing a conversion rate of 105% [33] - The company ended the year with net debt of $343 million and significant liquidity [36] - The company remains disciplined in its approach to M&A and continues to evaluate inorganic growth opportunities [22] Q&A Session Summary Question: Can you help us size the cadence as we move through the quarter and into January? - Management noted that the order pace has been solid, especially in the detection business, despite a slower December [56] Question: Do you sense any deferred ordering anticipation of the new product launches due to the NFPA standard change? - Management acknowledged that while the fire service business is resilient, there may be customers who choose to wait for the new standard [60] Question: How does the Americas margin set you up for 2025? - Management targets 30 to 50 basis points of margin improvement each year, but noted that 2025 may be more challenging due to FX pressures [70] Question: Can you discuss product innovation initiatives for 2025 and beyond? - Management emphasized the importance of innovation and customer feedback in developing new products, with plans for enhancements in both fire service and detection segments [86]

Core Insights - MSA Safety reported quarterly earnings of $2.25 per share, exceeding the Zacks Consensus Estimate of $2.22 per share, and showing an increase from $2.06 per share a year ago, resulting in an earnings surprise of 1.35% [1] - The company posted revenues of $499.7 million for the quarter ended December 2024, which was 3.52% below the Zacks Consensus Estimate, but an increase from $495.36 million year-over-year [2] - MSA Safety has surpassed consensus EPS estimates in all four of the last quarters, but has only topped revenue estimates once in the same period [2] Earnings Outlook - The future performance of MSA Safety's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.71 on revenues of $421.6 million, and for the current fiscal year, it is $7.99 on revenues of $1.86 billion [7] Industry Context - The Security and Safety Services industry, to which MSA Safety belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

Financial Performance - Achieved net sales of $500 million in Q4 2024, a 1% GAAP increase and 2% organic increase year-over-year[5] - Generated GAAP operating income of $118 million in Q4 2024, representing 23.5% of sales, and adjusted operating income of $120 million, or 24.0% of sales[5] - Recorded GAAP net income of $88 million in Q4 2024, or $2.22 per diluted share, and adjusted earnings of $89 million, or $2.25 per diluted share[5] - Full year 2024 net sales reached $1.8 billion, a 1% GAAP increase and 2% organic increase year-over-year[5] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $469,431 thousand, compared to $449,243 thousand in 2023, reflecting a growth of 4.5%[29] - Adjusted earnings per diluted share for the three months ended December 31, 2024, was $2.25, a 9% increase from $2.06 in the same period of 2023[32] Shareholder Returns - MSA Safety returned $79 million to shareholders through dividends and executed $30 million in share repurchases in 2024[11] - Cash dividends paid for the twelve months ended December 31, 2024, were $78,759 thousand, compared to $73,488 thousand in 2023[21] Liquidity and Debt - The company maintained a strong liquidity position with net debt of $343 million and a net leverage ratio of 0.7x at the end of Q4 2024[11] - The company’s net debt stood at $343.453 million, resulting in a net debt to adjusted EBITDA ratio of 0.7[35] - Total end-of-period debt was reported at $508.013 million, with cash and cash equivalents amounting to $164.560 million[35] Cash Flow and Capital Expenditures - Free cash flow for the full year 2024 was $242 million, a decrease of 39% compared to the previous year[7] - Cash flow from operating activities for the twelve months ended December 31, 2024, was $296,428 thousand, significantly higher than $92,857 thousand in 2023[21] - Capital expenditures for the twelve months ended December 31, 2024, totaled $54,223 thousand, up from $42,764 thousand in 2023[21] Segment Performance - The Americas segment achieved net sales of $337 million in Q4 2024, a 1% increase year-over-year[7] - The International segment recorded net sales of $163 million in Q4 2024, remaining flat compared to the previous year[7] - The Americas segment reported a GAAP sales change of 1% for the twelve months ended December 31, 2024, with an organic sales change of 2%[25] Restructuring and Costs - MSA Safety incurred restructuring charges of $6.397 million and transaction costs of $0.886 million related to acquisitions and divestitures[35] Company Overview and Future Outlook - MSA Safety reported 2024 revenues of $1.8 billion, maintaining its position as a global leader in advanced safety products and technologies[37] - MSA Safety emphasizes the importance of non-GAAP financial measures for assessing liquidity and balance sheet strength[35] - The company has been at the forefront of safety innovation since 1914, focusing on protecting workers and facility infrastructure[37] - MSA Safety employs over 5,000 associates across more than 40 international locations[37] - Forward-looking statements indicate potential future performance but are subject to various risks and uncertainties[38]