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MSA Safety Reports First Quarter Financial Results

Executive Summary
On April 29, 2025, MSA Safety Incorporated (NYSE: MSA), recognized as a leader in safety equipment and solutions, unveiled its financial performance for the first quarter of 2025. The results reveal a solid trajectory with net sales reaching $421 million, marking a 2% rise according to GAAP standards and a 4% increase in organic sales compared to the same period last year.

Key Financial Highlights
The company reported a GAAP operating income of $78 million, which equates to 18.5% of sales, alongside an adjusted operating income of $88 million (20.8% of sales). MSA achieved a net income of $60 million ($1.51 per diluted share), while adjusted earnings amounted to $66 million ($1.68 per diluted share). Additionally, MSA's prudent financial management is evident as they returned capital to shareholders through $20 million in dividends and $10 million in stock repurchases, coupled with an $11 million investment in capital expenditures. Furthermore, the company repaid $7 million of debt and successfully closed a revised, extended revolving credit facility worth $1.3 billion in April, enhancing their financial flexibility.

Industry Context
MSA Safety's robust first quarter reflects a concerted effort to implement its Accelerate strategy and a well-established diversified product portfolio. Steve Blanco, President and CEO of MSA Safety, stated, *"Our strong earnings in the first quarter reflect the team’s commitment to our strategy. A significant factor driving revenue growth was robust performance in our detection segment as we collaborated with customers to expedite shipments considering tariff implications."

This report indicates comparative stable market conditions at the onset of the year, buoyed by healthy order practices across various product categories. However, as the year progresses, MSA anticipates a shift towards a more dynamic operating environment. Regardless, the company remains committed to customer innovation and overall stakeholder value.

Detailed Financial Analysis

For the three-month period ending March 31, 2025, MSA's net sales were comprised of:

• - Americas Segment: $293.2 million, slightly down by 1% from $295.5 million in Q1 2024.
• - International Segment: $128.2 million, showcasing a significant increase of 9% from $117.8 million year-over-year.

While slightly lower post-restructuring charges and currency exchange losses impacted operating income, the overall net sales growth underscores effective product strategy and market adaptation. The company's ability to maintain a low-single-digit organic growth projection for 2025 reflects careful monitoring of external economic factors, particularly tariffs and macroeconomic pressures.

Strategic Outlook and Future Plans

Looking ahead, MSA Safety is maintaining an optimistic yet cautious outlook for the rest of 2025, assuming stable economic conditions. Their ongoing strategy involves close customer engagement and agility in operations, which will be valuable as market dynamics evolve.
MSA plans to continue hosting a conference call on April 30, 2025, for additional insights into their financial results, inviting investors and stakeholders to engage directly.

Conclusion
MSA Safety's first quarter results illustrate a steadfast commitment to strategic growth and shareholder value. As the company navigates through varying economic landscapes, its proven resilience and adaptability position it for continued success in safety solutions, reinforcing their essential role in the industry. For more details, visit MSA Safety's Investor Relations.