MSA Safety rporated(US:MSA)2024-10-24 15:42Financial Performance - MSA Safety recorded net sales of $433 million in 3Q 2024, a decrease of 3% on both a reported and organic constant currency basis[7, 10] - Adjusted diluted EPS was $1.83, a 3% increase over the prior year[7, 10] - Adjusted operating margin was 22.6%, with an adjusted EBITDA margin of 25.8%, up 20 bps year-over-year[10] - The company generated $70 million of adjusted free cash flow, representing a 97% conversion rate[7, 11] Balance Sheet and Capital Allocation - Net leverage stood at 0.9x as of September 30, 2024[11] - Net debt was $400 million as of September 30th[11] - Capital expenditures totaled $14 million[11] - Dividends to shareholders totaled $20 million, and share repurchases totaled $10 million[11] Segment Performance and Outlook - Fire Service net sales accounted for 39% of total net sales for the trailing 12-month period ended September 30, 2024[12, 19] - Detection net sales accounted for 36% of total net sales for the trailing 12-month period ended September 30, 2024[12, 19] - Industrial PPE and Other net sales accounted for 25% of total net sales for the trailing 12-month period ended September 30, 2024[12, 19]