PITTSBURGH, May 22, 2024 /PRNewswire/ -- MSA Safety, Inc.
(NYSE: MSA), a global leader in the development of advanced safety
products and solutions that protect people and facility
infrastructures, will host an Investor Day in New York City today, Wednesday, May 22, 2024, beginning at
8:30 a.m. Eastern Time concluding at
approximately 12:15 p.m. Eastern
Time. Steve Blanco,
President and Chief Executive Officer, and Lee McChesney, Senior Vice President and Chief
Financial Officer, will be joined by other members of the
leadership team to present an in-depth review of the company's
strategy, product categories, financial performance, and key
initiatives, such as innovation, operational excellence, and social
impact. Additionally, the company is introducing 2028 financial
targets.
"We are thrilled to offer current and potential shareholders
deeper insight into our long-term strategy for delivering superior
returns during our 2024 investor day," said Steve Blanco, President and Chief Executive
Officer. "The unveiling of our 2028 targets underscores our
confidence in our team's ability to execute our singular safety
mission. Their unwavering commitment to meeting the needs of our
customers builds on the strong foundation we've built over our
110-year history."
Introducing 2028 Financial Targets
- Organic Revenue Range: $2.1B to
$2.3B
- Adjusted Operating Margin: 23.5% to 25.0%
- Adjusted EPS: $10.00 to
$11.00
- Targets to be complemented by more than $1.5 billion of disciplined capital deployment
optionality enabled by a healthy balance sheet and robust free cash
flow generation.
Next Phase of Long-Term Strategy for Profitable
Growth
MSA Safety is utilizing its investor day to introduce the next
phase of its strategy to drive continued growth and
outperformance. Building on the company's strong market
positions and proven innovation engine that helps solve its
customers' most significant safety challenges, the company's next
phase of its strategy includes the following key strategic
pillars:
- Above-Market Profitable Growth. Continue to
be the leader in premium safety solutions, leveraging scale, market
leadership and customer-centric innovation to drive above-market
profitable growth.
- Growth Accelerators. Implement targeted
growth accelerators, in areas such as connected solutions,
higher-growth end markets and safety megatrends around connectivity
and productivity, to expand its suite of solutions with recurring
revenue streams and further build and exercise the company's
M&A capabilities in a disciplined manner.
- MSA Business System. Apply the MSA Business
System, which is a set of behaviors, processes and tools used to
drive continuous improvement across the enterprise, to enable
excellence in in pricing, operations, resource allocation and
balance sheet efficiency.
- Capital Deployment. Allocate capital
effectively to drive value for the organization and for
shareholders while leveraging the company's premier financial
profile to deliver sustainable, long-term growth.
"We recently completed a comprehensive review of our strategy to
understand our strengths and areas of opportunity, and those
results were used to determine our path forward to drive continued
profitable growth," said Mr. Blanco. "We believe we're
uniquely positioned to drive superior performance within our
sector. So, while we continue to drive our strategy forward,
all we do remains centered on advancing our mission by building a
culture that emphasizes continuous innovation and improvement,
talent development, and unmatched customer focus."
Lee McChesney, Senior Vice President and Chief Financial
Officer, added, "When I look at the future of MSA Safety, I am
confident in our ability to drive consistent mid-single-digit
organic growth, leverage our market positions, and enhance our
customers' journey through consistent investment in
innovation. We will continue to be the leader in premium
safety solutions, follow our mission, and deliver on our promise to
those workers around the world who put their trust in the MSA brand
every day."
Investor Day Materials and Webcast Details
A live webcast, along with the presentation materials, can be
accessed on MSA Safety's Investor Relations website at
http://investors.msasafety.com at the time of the event. A replay
of the webcast will be available on the company's Investor
Relations website shortly following the conclusion of the
event.
About MSA Safety
MSA Safety Incorporated (NYSE: MSA) is the global leader
in advanced safety products, technologies and solutions. Driven by
its singular mission of safety, the Company has been at the
forefront of safety innovation since 1914, protecting workers and
facility infrastructure around the world across a broad range of
diverse end markets while creating sustainable value for
shareholders. With 2023 revenues of $1.8
billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a
team of over 5,000 associates across its more than 40 international
locations. For more information, please visit
www.MSAsafety.com.
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SOURCE MSA Safety