MSA Safety Inc

Listed Company

MSACIK 0000066570NYSELarge AcceleratedOrthopedic, Prosthetic & Surgical Appliances & SuppliesFY ends Dec 31

Period

FY 2025

Revenue

$1.87B

Net Income

$278.92M

Total Assets

$2.55B

Equity

$1.37B

Shares Out

38.77M

Op. Cash Flow

$363.87M

Business

MSA Safety Inc designs, manufactures and sells advanced safety products, technology and solutions to protect workers and facility infrastructure worldwide. Its main offerings include fire service equipment (SCBA, helmets, protective apparel), detection systems (fixed and portable gas and flame detectors) and industrial PPE (head protection, fall protection), supplemented by software and services under the MSA+ platform (e.g., MSA Grid, FireGrid). The company reports operations across Americas, International and Corporate, organized into four geographic operating segments. It sells via direct channels and a global network of authorized distributors to end-users in energy, fire service, construction, utilities and industrial markets.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,875	1,808	1,788	1,528	1,400
Cost of products sold	1,004	948	936	854	785
Gross profit	871	860	852	674	615
Selling, general and administrative	414	395	397	339	333
Research and development	65	67	68	57	58
Restructuring charges (Note 4)	4	6	10	8	16
Currency exchange losses, net	16	4	17	10	216,000
Loss on divestiture of MSA LLC (Note 21)	0	0	129	0	0
Product liability expense (Note 21)	0	0	3,000	21	185
Operating income	372	389	231	239	23
Interest expense	32	37	47	22	—
Other income, net (Note 17)	−26	−23	−22	−21	−12
Total other expense, net	5	14	25	604,000	−824,000
Income before income taxes	366	375	207	239	24
Provision for income taxes (Note 11)	87	90	148	59	2
Net income	279	285	59	180	22
Basic (in dollars per share)	7.11	7.24	1.49	4.58	0.54
Diluted (in dollars per share)	7.09	7.21	1.48	4.56	0.54
Dividends per common share (in dollars per share)	2.1	2	1.87	1.82	1.75

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	165	165	146	163	141
Trade receivables, less allowance for credit loss of $10,286 and $8,047	306	279	295	297	254
Inventories (Note 5)	343	297	293	338	281
Prepaid income taxes	22	19	13	22	21
Prepaid expenses and other current assets	32	44	40	44	43
Total current assets	869	803	786	880	793
Property, plant and equipment, net (Note 6)	283	212	212	208	208
Operating lease right-of-use assets, net (Note 18)	57	56	53	44	50
Prepaid pension cost (Note 16)	279	225	172	142	163
Deferred tax assets (Note 11)	21	26	33	25	35
Goodwill (Note 14)	732	621	628	621	637
Intangible assets, net (Note 14)	299	246	266	282	307
Other noncurrent assets	14	17	20	137	159
Total assets	2,554	2,206	2,170	2,377	2,396
Notes payable and current portion of long-term debt (Note 13)	8	26	27	7	0
Accounts payable	111	108	112	113	107
Employees compensation	58	55	73	45	50
Income taxes payable (Note 11)	14	15	20	6	5
Other current liabilities	98	84	101	101	113
Total current liabilities	289	288	333	346	331
Long-term debt, net (Note 13)	573	482	575	565	598
Pensions (Note 16) and other employee benefits	144	134	144	138	190
Noncurrent operating lease liabilities (Note 18)	46	46	44	35	41
Deferred tax liabilities (Note 11)	128	108	102	32	33
Other noncurrent liabilities	8	5	4	337	370
Total liabilities	1,187	1,062	1,203	1,453	1,562
Preferred stock, 4.5% cumulative, $50 par value (Note 8)	4	4	4	4	4
Common stock, no par value (180,000,000 shares authorized; 62,081,391 shares issued; 38,912,629 and 39,260,080 shares outstanding at December 31, 2025 and 2024, respectively)	344	330	312	282	260
Treasury shares, at cost (Note 8)	−485	−398	−363	−361	−330
Accumulated other comprehensive loss (Note 7)	−42	−142	−129	−159	−149
Retained earnings	1,546	1,350	1,143	1,158	1,050
Total shareholders equity	1,367	1,143	967	924	834
Total liabilities and shareholders equity	2,554	2,206	2,170	2,377	2,396

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	72	64	61	56	50
Tax-effected loss on divestiture of MSA LLC (Note 21)	0	0	200	0	0
Stock-based compensation (Note 12)	15	18	30	20	19
Pension income (Note 16)	−14	−8	−8	−11	2
Deferred income tax benefit (Note 11)	−5	−98,000	−9	5	−39
Loss on asset write-down and dispositions, net	1	819,000	173,000	6	788,000
Pension contributions (Note 16)	−7	−8	−5	−5	−6
Currency exchange losses, net	16	4	17	10	216,000
Product liability expense (Note 21)	0	0	3,000	21	185
Product liability payments (Note 21)	0	0	−5	−37	−40
Contribution on divestiture of MSA LLC (Note 21)	0	0	−341	0	0
Trade receivables	−5	−1	−7	−39	4
Inventories (Note 5)	−10	−15	52	−67	−18
Accounts payable	−5	3	−5	8	13
Other current assets and liabilities	27	−49	54	−2	823,000
Other noncurrent assets and liabilities	295,000	3	2	3	−13
Cash Flow From Operating Activities	364	296	93	157	199
Capital expenditures	−68	−54	−43	−43	−44
Acquisitions, net of cash acquired (Note 15)	189	0	0	0	−392
Property disposals and other investing	79,000	468,000	3	−1	−5
Cash Flow Used In Investing Activities	−258	−54	−40	−4	−415
Payments on long-term debt (Note 13)	−1,076	−1,244	−1,871	−1,023	−1,347
Proceeds from long-term debt (Note 13)	1,144	1,150	1,895	1,010	1,640
Debt issuance costs	−3	−200,000	−1	0	−2
Cash dividends paid	−82	−79	−73	−71	−69
Company stock purchases (Note 8)	−90	−37	−4	−34	−6
Exercise of stock options (Note 8)	600,000	500,000	2	5	6
Employee stock purchase plan (Note 8)	2	1	963,000	891,000	855,000
Cash Flow Used In Financing Activities	−105	−209	−52	−113	204
Effect of exchange rate changes on cash, cash equivalents and restricted cash	127,000	−17	−17	−17	−7
Change in cash, cash equivalents and restricted cash	895,000	17	−16	23	−20
Interest paid in cash	32	36	47	21	9
Income tax paid in cash	102	103	69	60	46

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro