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MSA Safety's New Share Repurchase Program

On February 20, 2026, MSA Safety Incorporated (NYSE: MSA) took a notable step towards enhancing shareholder value by announcing a new share repurchase program of up to $500 million. This initiative comes as a replacement for the prior share repurchase program authorized in 2024, which had set an allocation of $200 million.

The decision made by MSA's Board of Directors underscores the company's strong cash generation capabilities and its commitment to a disciplined approach in capital deployment. As the President and CEO of MSA Safety, Steve Blanco, pointed out, the company plans to continue achieving high free cash flow conversion rates, targeting between 90% and 100% annually. This reflects MSA’s firm belief in its ability to balance growth strategies with responsibility towards shareholders.

The primary goal of the current program is to capitalize on favorable market conditions while adhering to relevant securities laws. The actual timing, pricing, and volume of stock buybacks will be influenced by several variables, including market conditions. Notably, the Board did not impose a fixed termination date for this initiative, allowing for flexibility in execution.

Steve Blanco highlighted that this share repurchase plan is part of MSA’s ongoing Accelerate strategy aimed at driving profitable growth. This proactive move demonstrates the Board of Directors' confidence in MSA's long-term growth trajectory and its mission to protect workers and safeguard facilities globally.

For more than a century, MSA has been at the forefront of safety innovation. Established in 1914, the company has continually focused on providing advanced safety products and solutions across various industries. With reported revenues of $1.9 billion for the year 2025, MSA has positioned itself as a leader in the safety sector, with a workforce of approximately 5,300 employees spread across more than 40 locations worldwide.

This new share repurchase program indicates MSA's commitment to returning value to its shareholders while simultaneously investing in the future of safety solutions. As the global landscape continues to evolve, MSA remains dedicated to enhancing safety measures and creating sustainable value for its investors and stakeholders alike.

In summary, the introduction of a $500 million share repurchase initiative reflects MSA Safety’s robust financial health and its unwavering commitment to upholding its mission of safety while rewarding shareholders. With its proven track record and strategic growth plans, MSA is poised to continue making significant strides in the safety industry, maintaining its reputation for innovation and excellence.

For further information on MSA Safety and its initiatives, please visit MSASafety.com.