Core Insights - MSA Safety reported solid financial performance for the fourth quarter and full year of 2025, despite challenges in organic sales and margins [1] - The company achieved net sales of $511 million in Q4 2025, a 2% increase year-over-year, and $1.9 billion for the full year, a 4% increase [1][2] - MSA Safety's adjusted earnings for Q4 were $93 million, or $2.38 per diluted share, and for the full year, adjusted earnings were $312 million, or $7.93 per diluted share [1][4] Financial Highlights - Q4 2025 GAAP net income was $87 million, or $2.21 per diluted share, with adjusted operating income of $122 million, representing 23.9% of net sales [1][2] - Full-year 2025 GAAP earnings were $279 million, or $7.09 per diluted share, with adjusted operating income of $415 million, or 22.1% of net sales [1][4] - Free cash flow for Q4 was $106 million, a 13% increase year-over-year, and for the full year, it was $295 million, a 22% increase [1][2] Segment Performance - The Americas segment reported Q4 net sales of $335 million, a 1% decrease year-over-year, while the International segment saw an 8% increase to $176 million [1][3] - For the full year, the Americas segment achieved $1.26 billion in net sales, a 1% increase, while the International segment reached $613 million, a 9% increase [1][3] Capital Allocation and Strategy - MSA Safety returned a total of $162 million to shareholders in 2025 through $80 million in share repurchases and $82 million in dividends [1][2] - The company acquired M&C TechGroup for $189 million and invested $68 million in capital expenditures [1][2] - MSA Safety maintains a strong balance sheet with a net debt of $416 million and a net leverage ratio of 0.9x as of December 31, 2025 [1][2] 2026 Outlook - The company anticipates mid-single digit organic sales growth for 2026, supported by strategic pricing actions and favorable demand for safety products [1][2] - Potential headwinds include the non-recurrence of large detection orders in Latin America and mixed industrial end market demand globally [1][2]

Second Quarter 2025 Earnings Presentation August 5, 2025 Second Quarter 2025 Earnings Presentation 1 Cautionary Statements Regarding Forward-looking Statements This presentation may contain (and verbal statements made by MSA® Safety Incorporated ("MSA Safety") may contain) "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve various assumptions, known and unknown risks ...

Financial Performance - Net sales reached $421 million, a 2% increase compared to the previous year[8,9] - Adjusted operating income was $88 million, a 1% decrease year-over-year[8] - Adjusted operating margin was 208%, a decrease of 50 basis points[8] - Adjusted EPS increased by 4% year-over-year to $168[8,9] - Free cash flow reached $51 million, representing an 86% conversion rate[8] Sales Analysis - Organic sales growth was 4%, with a 2% headwind from currency translation[9,23] - Americas reported a 1% organic sales increase, while international saw an 11% increase[23] - Detection segment experienced mid-teens organic growth, while fire service contracted by a high-single-digit percentage[23] Strategic Actions and Outlook - The company increased its Revolving Credit Facility to $13 billion to support future growth initiatives[13,29] - The company is maintaining a low-single-digit organic sales growth outlook for 2025, but acknowledges increased risk due to macroeconomic and policy uncertainty[30] - The company anticipates a flat to 1% revenue headwind from foreign exchange[31]

Core Insights - MSA Safety Incorporated reported a solid financial performance for Q1 2025, with a net sales increase of 2% year-over-year, reaching $421.3 million, and a 4% organic sales growth [4][5][10] - The company maintained its low-single-digit organic sales growth outlook for the full year 2025, despite acknowledging increased macroeconomic risks [7][8] Financial Highlights - Net sales for Q1 2025 were $421.3 million, compared to $413.3 million in Q1 2024, reflecting a 2% increase [4][10] - GAAP operating income was $77.8 million, or 18.5% of net sales, down from 19.4% in the previous year [4][10] - Net income increased by 3% to $59.6 million, with diluted earnings per share (EPS) rising to $1.51 [4][10] - Adjusted EBITDA remained stable at $101.5 million, with an adjusted operating income of $87.5 million, representing 20.8% of net sales [4][10] - Free cash flow improved significantly, reaching $51 million, a 29% increase from the previous year [5][10] Segment Performance - The Americas segment reported net sales of $293.2 million, a slight decline of 1% year-over-year, with GAAP operating income down 9% [4][10] - The International segment saw a robust 9% increase in net sales to $128.2 million, with GAAP operating income rising by 56% [4][10] Capital Allocation - The company returned $30 million to shareholders through dividends and share repurchases, while also investing $11 million in capital expenditures and repaying $7 million of debt [5][10] - MSA Safety closed an upsized Revolving Credit Facility in April, providing a capacity of $1.3 billion [5][10] Market Outlook - MSA Safety's management expressed confidence in the company's ability to navigate a dynamic market environment, emphasizing customer-driven innovation and a commitment to long-term value creation [3][7] - The company is closely monitoring macroeconomic factors, including tariffs, which could impact future performance [7][8]