MEDELLIN, Colombia--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, OTCQX:MNSAF, BVC:MINEROS) ("Mineros†or the "Company†) confirms that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC†). DTC eligibility streamlines the trading process, making it more efficient for investors and brokers. As a subsidiary of the Depository Trust & Clearing Corporation (DTCC), DTC handles electronic clearing and settlement for pu. ...

Core Insights - MSA Safety Incorporated is recognized as one of the best video surveillance and private security stocks to invest in [1][2] Financial Performance - In Q4 2025, MSA reported net sales of $511 million, reflecting a 2% increase on a GAAP basis but a 3% decrease organically, primarily due to delays in the fire service business [4] - For the full year, MSA achieved net sales of $1.9 billion, with 1% organic growth and 4% GAAP growth; GAAP EPS was $7.09, while adjusted EPS was $7.93 [5] - Adjusted earnings per share for Q4 were $2.38, with GAAP EPS at $2.21 [4] Market Position and Growth Outlook - DA Davidson raised its price target for MSA to $235 from $186, maintaining a Buy rating after the company's Q4 earnings exceeded expectations; the firm noted improved organic growth expectations to mid-single digits as NFPA-related issues ease [3][9] - MSA is viewed as a high-quality compounder with a strong competitive position and an expanding recurring revenue base [3] Business Overview - MSA Safety Incorporated specializes in safety, detection, and security solutions, including video surveillance and protective equipment, serving industrial and security markets [6]

In this article, we will be taking a look at the 9 Best Video Surveillance and Private Security Stocks to Buy.The market for private security and video surveillance around the world is expanding quickly, which is mostly supported by double-digit growth in infrastructure, cameras, and service-based security models. According to research, the global video surveillance market was estimated to be around $73.75 billion in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 12.1% between ...

Core Viewpoint - Mineros S.A. will announce its financial and operational results for Q4 and the full year ending December 31, 2025, on February 18, 2026, after market close [1] Group 1 - The conference call to discuss the results will take place on February 19, 2026, at 9:00 AM E [1] - A question-and-answer session will follow the conference call [1]

Core Insights - MSA Safety Incorporated reported strong free cash flow of $106 million in Q4, representing 122% of earnings and a 13% increase from the previous year [1] - The company achieved a gross margin of 46.9%, reflecting pricing actions to counter tariffs and inflation, with GAAP operating margin at 22.3% and adjusted operating margin at 23.9% [2] - Adjusted EPS for Q4 was $2.38, a 6% increase year-over-year, with GAAP net income of $87 million [3] Financial Performance - MSA's Q4 sales reached $511 million, a 2% increase year-over-year, with a 3% organic sales decline offset by contributions from acquisitions and foreign currency translation [4][7] - For the full year 2025, MSA reported net sales of $1.9 billion, up 4% on a reported basis, with organic growth of 1% [9] - Full-year free cash flow was $295 million, up $53 million from the prior year, with a conversion rate of 106% [11] Product Performance - Detection products saw organic sales growth of 17% in Q4, becoming the largest product category at 41% of total sales, while fire service sales declined by 21% [9][10] - Industrial PPE experienced modest growth, with organic sales rising by 1% [9] Strategic Outlook - Management guided for mid-single-digit organic growth in 2026, with expectations for some fire-service orders to carry into the first half of the year [6][15] - The company aims for price-cost neutrality in H1 2026, with sequential margin improvement anticipated throughout the year [19][20] Capital Deployment and Balance Sheet - Capital deployment in 2025 totaled approximately $420 million, including $189 million for acquisitions and $162 million returned to shareholders [12] - Net debt at year-end was $416 million, with a net leverage ratio of 0.9x and $1.2 billion in liquidity [13] Safety Performance - MSA achieved zero lost-time incidents in 2025, with a total recordable incident rate of 0.25, marking the best safety performance in the company's history [14]

Company Overview - MSA Safety Incorporated is a global leader in advanced safety products, technology, and solutions, with a comprehensive product line used across diverse markets including fire service, energy, and industrial manufacturing [9]. - The company operates in two reportable segments: Americas and International, tailoring product offerings to meet distinct customer preferences across geographic regions [13]. - As of December 31, 2025, the company employed approximately 5,300 people worldwide, with 2,200 in the United States and 3,100 outside the United States [39]. - The company operates in over 40 international locations, with approximately 50% of net sales generated outside the U.S., exposing it to various geopolitical and economic risks [82]. Financial Performance - Total net sales for the year ended December 31, 2025, were $1.87 billion, an increase of $66.7 million or 3.7% compared to 2024 [136]. - The Americas segment generated net sales of $1.26 billion, up $15.2 million or 1.2%, while the International segment saw net sales of $613.0 million, an increase of $51.5 million or 9.2% [136]. - Gross profit for 2025 was $871.1 million, a rise of $10.7 million or 1.2%, with a gross profit margin of 46.5%, down from 47.6% in 2024 [141]. - Selling, general and administrative expenses increased to $414.3 million, up $19.6 million or 5.0%, representing 22.1% of net sales [142]. - Research and development expenses were $65.3 million, a decrease of $1.2 million or 1.8%, accounting for 3.5% of net sales [145]. - Consolidated operating income for the year ended December 31, 2025, was $371.8 million, a decrease of $17.4 million, or 4.5%, compared to $389.2 million for 2024 [151]. - The effective tax rate for the year ended December 31, 2025, was 23.9%, slightly down from 24.0% in 2024 [160]. Research and Development - The company has a strong commitment to research and development, dedicating significant resources to produce innovative safety products that often lead the market [11]. - The company continues to invest in research and development to introduce new products, but failure to do so could result in a loss of market position [71]. - MSA has launched over 50 fall protection products in recent years, enhancing its portfolio in this category [24]. Acquisitions and Growth Strategy - The company acquired M&C TechGroup in 2025, expanding its capabilities in gas analysis systems [17]. - The company acquired M&C TechGroup for approximately $189 million, enhancing its gas analysis systems portfolio [128]. - Future acquisitions are part of the company's strategy, but failure to integrate these acquisitions successfully could adversely affect financial performance [68]. Employee Relations and Workforce - Approximately 20% of the global workforce is covered by collective bargaining agreements or works councils, indicating a strong employee relations environment [39]. - The company’s global compensation philosophy aims to provide total compensation at the market median, with above-market opportunities for high performers [42]. - The ability to attract and retain key personnel is critical for the company's success, and challenges in this area could negatively impact operations and growth [79]. Risks and Challenges - The company faces risks related to product liability claims, which could materially affect its financial condition and operating results [47]. - The company is subject to various environmental laws and regulations, and noncompliance could adversely affect its results of operations [52]. - The company’s operations are impacted by global economic conditions, particularly in emerging markets, which could lead to declines in revenue and profitability [61]. - A significant reduction in government funding could materially affect net sales, earnings, and cash flow, particularly in markets reliant on government contracts [64]. - The competitive landscape is challenging, with competitors having greater financial resources, which could adversely impact the company's market position and financial condition [65]. - The company faces risks from pandemics or disease outbreaks that could disrupt global supply chains and adversely affect demand for its products, potentially impacting financial results [63]. Financial Obligations and Debt - The company has $285.3 million of variable rate borrowings on a term loan under its revolving credit facility as of December 31, 2025, with a potential $1.9 million increase in interest expense for a 50 basis point change in interest rates [95]. - As of December 31, 2025, the company has total cash obligations of $709.4 million, with long-term debt (principal) amounting to $584.5 million [175]. - The company’s compliance with debt agreements and covenants is critical, as failure to meet these could lead to increased borrowing costs and accelerated debt repayment [94]. Currency and Economic Impact - Currency exchange rate fluctuations could adversely affect the company's results of operations and financial condition, as foreign operations are reported in local currencies [85]. - A hypothetical 10% strengthening of the U.S. dollar would decrease reported sales by approximately $80.0 million, or 4.3%, and net income by $9.6 million, or 3.4% [195]. - Currency exchange losses were $15.8 million in 2025, compared to $3.6 million in 2024, primarily affecting operating results [151]. Cybersecurity and Internal Controls - The company has not experienced material cybersecurity breaches to date, but vulnerabilities remain, and any future incidents could disrupt operations and harm reputation [73]. - The company has a structured cybersecurity risk management program, which includes employee training and regular assessments to mitigate potential threats [97]. - Management assessed the effectiveness of internal control over financial reporting as of December 31, 2025, concluding it was effective [206]. - Limitations exist in internal control over financial reporting, which may not prevent or detect misstatements [205]. Environmental and Safety Management - The company maintains a global Environmental, Health and Safety Management System to promote workplace safety and reduce injuries [39]. - The company emphasizes customer training and education to ensure proper use of products, which is critical for safety compliance [27]. Strategic Initiatives - MSA+™ ecosystem is being deployed to simplify safety operations for customers while generating recurring revenue [10]. - The company is exploring the use of Generative AI to enhance its products and solutions, indicating a focus on technological advancements [91].

Financial Data and Key Metrics Changes - Fourth quarter sales were $511 million, an increase of 2% on a reported basis, with a 3% organic decline and a 3% contribution from M&A [12][14] - GAAP gross margins improved sequentially to 46.9%, reflecting a 40 basis point increase from the third quarter [12] - Adjusted diluted earnings per share were $2.38, up 6% from last year [13][16] - Full year net sales reached $1.9 billion, up 4% or 1% on an organic basis [16] Business Line Data and Key Metrics Changes - Detection segment saw 17% organic growth driven by strength in fixed instruments, while portable instruments also continued to grow [5][6] - Fire service organic sales declined 21% year-over-year due to market dynamics and funding delays [6][14] - Industrial PPE organic sales were up 1%, with fall protection moderating from previous quarters [6][14] Market Data and Key Metrics Changes - The Americas segment sales declined 1% year-over-year on a reported basis, with a 3% organic decline [14] - International segment sales increased by 8% year-over-year on a reported basis, with a 6% contribution from M&A [15] - Overall backlog remains healthy and consistent with historical levels, with a solid commercial pipeline [7] Company Strategy and Development Direction - The company executed its Accelerate strategy, focusing on serving customers and protecting workers [4] - Key strategic growth accelerators included detection and fall protection, with detection now representing 41% of sales [9][10] - The company plans to leverage investments in energy and industrial markets for growth in 2026 [11][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline of opportunities in the fire service and energy sectors for 2026 [11][20] - The company anticipates mid-single-digit full-year organic growth, with M&A contributing approximately 1 percentage point to revenue growth [20] - Management acknowledged ongoing uncertainty and volatility but remains optimistic about navigating macro challenges [21] Other Important Information - Free cash flow for the fourth quarter was $106 million, marking a 122% conversion rate [17] - The company returned $61 million to shareholders through dividends and share repurchases [18] - Net debt at year-end totaled $416 million, down $43 million sequentially [19] Q&A Session Summary Question: Regarding detection growth and large orders - Management indicated that strong growth in detection was driven by large orders, with underlying demand remaining strong across regions [27][28] Question: Fire service cadence outlook - Management expects most delayed orders to materialize in the first half of the year, with a return to a more standard demand cycle thereafter [29][30] Question: Detection growth outlook for 2026 - Management anticipates mid-single-digit revenue growth for detection in 2026, despite tough comparisons from the previous year [38][39] Question: Margin outlook for 2026 - Management aims for margin recovery and expects to return to 30% incremental margin targets by the end of the year [40][42] Question: Infrastructure and project activity - Management noted that investment activity in energy and chemicals is expected to continue, with improvements anticipated in various regions [51][52] Question: Connectivity expansion across product lines - Management is focused on expanding connectivity in their product lines, starting with detection and portable solutions [80][81]

Financial Data and Key Metrics Changes - Fourth quarter sales were $511 million, an increase of 2% on a reported basis, with a 3% organic decline and a 3% contribution from M&A [13][14] - GAAP gross margins improved sequentially to 46.9%, reflecting a 40 basis point increase from the third quarter [13] - Adjusted diluted earnings per share were $2.38, up 6% from last year [14][17] - Full year net sales were $1.9 billion, up 4% or 1% on an organic basis [17] Business Line Data and Key Metrics Changes - Detection segment saw 17% organic growth, driven by strength in fixed detection, while fire service declined 21% year-over-year [6][15] - Industrial PPE organic sales were up 1%, with fall protection moderating from previous quarters [6][15] - M&C TechGroup acquisition contributed $15 million to the quarter [6] Market Data and Key Metrics Changes - Americas segment sales declined 1% year-over-year on a reported basis, with a 3% organic decline [15] - International segment sales increased by 8% year-over-year on a reported basis, with a 6% contribution from M&C [16] - Organic sales in fire service experienced a double-digit contraction, primarily driven by delayed orders [16] Company Strategy and Development Direction - The company executed its Accelerate strategy, focusing on serving customers and protecting workers [4] - Strategic priorities for 2026 include driving profitable growth and extending market leadership [24] - The company plans to leverage investments in energy and industrial markets for future growth [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline of opportunities in the fire service and energy sectors for 2026 [11][12] - The company anticipates mid-single-digit full-year organic growth, with M&C contributing approximately 1 percentage point to revenue growth [22] - Management acknowledged ongoing uncertainty and volatility but remains optimistic about navigating macro challenges [23] Other Important Information - Free cash flow reached $295 million for the full year, with a 106% conversion rate [20] - The company returned $61 million to shareholders via dividends and share repurchases [19] - Net debt at year-end totaled $416 million, down $43 million sequentially [21] Q&A Session Summary Question: Detection business growth explanation - Management indicated that strong growth in detection was driven by large orders received in the fourth quarter, with underlying demand remaining strong [29][30] Question: Fire service cadence outlook - Management expects delayed orders from the fire service to materialize in the first half of the year, with a return to normal demand patterns expected in the second half [31][32] Question: Detection growth outlook for 2026 - Management anticipates mid-single-digit revenue growth for detection in 2026, despite tough comparisons from the previous year [40][41] Question: Margin outlook for 2026 - Management aims for margin recovery through efficiency and pricing actions, with expectations for sequential improvement in margins [42][44] Question: Infrastructure and project activity - Management noted that project activity in energy and chemicals remains strong, with expectations for continued investment in 2026 [53][54] Question: Connectivity expansion across product lines - Management is focused on expanding connectivity in their product lines, particularly in detection and portable solutions, to enhance customer value [85][86]

Financial Data and Key Metrics Changes - Fourth quarter sales were $511 million, an increase of 2% on a reported basis, while organic sales declined by 3% [13][14] - GAAP gross margins improved sequentially to 46.9%, reflecting a 40 basis point increase from the third quarter [13] - Adjusted diluted earnings per share were $2.38, up 6% from the previous year [14][17] - Full year net sales reached $1.9 billion, up 4% on a reported basis and 1% on an organic basis [17][18] - Free cash flow for the fourth quarter was $106 million, marking a 13% increase compared to the previous year [18] Business Line Data and Key Metrics Changes - Detection segment saw 17% organic growth, driven by strong performance in fixed detection [5][6] - Fire service organic sales declined by 21% year-over-year due to market dynamics and funding issues [6][15] - Industrial PPE organic sales increased by 1%, with fall protection moderating from previous quarters [6][15] - M&C Tech Group acquisition contributed $15 million to quarterly sales [5][6] Market Data and Key Metrics Changes - The Americas segment reported a 1% decline in sales year-over-year, with a 3% organic decline [15] - International segment sales increased by 8% year-over-year, with a 6% contribution from M&C and a 5% tailwind from FX [16] - Overall backlog remains healthy and consistent with historical levels, with a solid commercial pipeline [8] Company Strategy and Development Direction - The company executed its "Accelerate" strategy, focusing on serving customers and protecting workers [4][10] - Strategic priorities for 2026 include driving profitable growth and extending market leadership [23] - The company plans to leverage investments in detection and fall protection as key growth drivers [12][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline of opportunities in the fire service and energy sectors for 2026 [12][21] - The company anticipates mid-single-digit full-year organic growth, with M&C contributing approximately 1 percentage point to revenue growth [20][21] - Management acknowledged ongoing uncertainty and volatility but remains optimistic about navigating macro challenges [22] Other Important Information - The company returned $61 million to shareholders through dividends and share repurchases [18] - Capital deployment for the year totaled approximately $420 million, including investments in the M&C acquisition and capital expenditures [19] - The company maintained a strong balance sheet with net debt totaling $416 million and ample liquidity of $1.2 billion [20] Q&A Session Summary Question: Detection segment performance and growth expectations - Management noted that strong performance in detection was driven by large orders, with expectations for mid-single-digit revenue growth in 2026 despite tough comparisons [28][39] Question: Fire service market dynamics - Management indicated that delays in fire service orders due to funding issues are expected to favorably impact the first half of the year, with a return to normal demand patterns anticipated [30][31] Question: Margin outlook and pricing strategies - Management confirmed a focus on achieving price-cost neutrality in the first half of 2026, with expectations for sequential margin improvement [41][42] Question: Competitive landscape in detection - Management highlighted the importance of customer feedback in driving product innovation and maintaining a competitive edge in the detection market [65][66]

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