MSA Safety slightly beats Q4 revenue expectations

Overview

• Safety equipment provider's Q4 revenue slightly beat analyst expectations, adjusted EPS beat estimates

• Company returned $61 mln to shareholders via share repurchases and dividends

• Q4 net sales rose 2% yr/yr despite a 3% organic decrease

Outlook

• MSA Safety expects mid-single digit organic sales growth in 2026

• Company sees demand driven by increasing global safety standards

• MSA Safety anticipates macroeconomic and geopolitical uncertainty as headwinds

Result Drivers

• FIRE SERVICE DELAYS - Timing delays in the fire service impacted organic sales negatively, contributing to a 3% organic decrease in Q4 net sales

• DETECTION SEGMENT GROWTH - Detection segment sales grew significantly, aided by the acquisition of M&C TechGroup

• STRONG BALANCE SHEET - MSA maintained a strong balance sheet and liquidity, supporting its growth strategy

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support supplies peer group is "buy"

• Wall Street's median 12-month price target for MSA Safety Inc is $186.00, about 5.5% below its February 11 closing price of $196.76

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPn53BCcVa

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