Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-15579 MSA SAFETY INCORPORATED (Exact name of registrant as specified in its charter) Pennsylvania 46-4914539 (State or other jurisdiction of incorporation or organization ...

MSA Safety Incorporated (NYSE:MSA) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Chris Hepler - Executive Director, Corporate Development & Investor Relations Nish Vartanian - Chairman, President and Chief Executive Officer Lee McChesney - Senior Vice President and Chief Financial Officer Steve Blanco - President and COO Conference Call Participants Larry De Maria - William Blair Stanley Elliott - Stifel Robert Mason - Baird Operator Good day, and welcome to the MSA Safety ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-15579 MSA SAFETY INCORPORATED Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Pennsylvania 46-4914539 (State or other jurisdiction of incorporation or organizatio ...

MSA Safety Incorporated (MSA) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Corporate Participants Chris Hepler - Executive Director, Corporate Development & Investor Relations Nish Vartanian - Chairman, President and Chief Executive Officer Lee McChesney - Senior Vice President and Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Rob Mason - Baird Operator Good day and welcome to the MSA First Quarter 2023 Earnings Conference Call. All participants will be in listen- ...

Product Performance - Core products accounted for approximately 90% of sales in 2022, up from 89% in 2021[15] - MSA launched the ALTAIR io™ 4 gas detection wearable in 2022, enhancing real-time visibility across worksites[19] - The acquisition of Bacharach, Inc. in 2021 strengthened MSA's position in gas detection technologies for the HVAC-R markets, contributing to operational efficiency[18] - MSA's new V-Series fall protection equipment includes approximately 50 new products launched over the past several years[21] - The MSA+™ safety solutions platform, launched in 2022, integrates hardware technology, cloud software solutions, and safety services, facilitating digital transformation and recurring revenue[22] - Ballistic helmet and gas mask sales to military customers reached approximately $55 million globally in 2022, compared to $43 million in 2021[23] - MSA estimates that approximately 35%-40% of its overall revenue is derived from the fire service market, and 25%-30% from the energy market[29] - The company maintains leading positions in nearly all core product categories, supported by significant investment in research and development[30] - MSA's global product development teams include cross-functional associates, enhancing innovation and responsiveness to customer needs[33] - The company has patents and pending patents across substantially all of its products, reinforcing its competitive advantage in the market[24] Workforce and Employee Relations - As of December 31, 2022, the company employed approximately 5,000 people worldwide, with 2,200 in the United States and 2,800 outside the U.S.[38] - Approximately 20% of the global workforce is covered by collective bargaining agreements or works councils, indicating a stable employee relations environment[38] - Approximately 52% of the U.S. workforce self-identifies as diverse, with women comprising approximately 41% of the U.S. workforce[43] - The company emphasizes continuous learning and development opportunities for associates through various leadership programs[44] Financial Performance - Consolidated net sales for the year ended December 31, 2022, were $1.53 billion, an increase of $127.7 million, or 9.1%, compared to $1.40 billion in 2021[130] - The Americas segment reported net sales of $1,043.2 million for 2022, a 14.9% increase from $908.1 million in 2021, driven by favorable unit growth and new products[132] - The International segment's net sales decreased by $7.4 million, or 1.5%, to $484.7 million in 2022, with constant currency sales increasing by 7.0%[133] - Gross profit for 2022 was $673.8 million, a 9.5% increase from $615.3 million in 2021, with a gross profit margin of 44.1%[136] - Selling, general and administrative expenses were $338.9 million in 2022, a 1.8% increase from $332.9 million in 2021, representing 22.2% of net sales[137] - Research and development expenses were $57.0 million in 2022, a decrease of 1.4% from $57.8 million in 2021, accounting for 3.7% of net sales[139] - The company recorded restructuring charges of $8.0 million in 2022, down from $16.4 million in 2021, as part of ongoing international initiatives[142] - Net income attributable to MSA Safety Incorporated was $179.6 million for 2022, or $4.56 per diluted share, compared to $21.3 million, or $0.54 per diluted share, in 2021[156] Supply Chain and Operational Challenges - The company has significant reliance on tier one suppliers, which account for approximately two-thirds of the cost of sales, and continues to navigate supply chain issues[36] - The company anticipates ongoing challenges in 2023 due to supply chain constraints, inflation, and geopolitical risks affecting operations[134] - Economic uncertainty in regions such as Asia, Latin America, the Middle East, and Europe could lead to declines in revenue, profitability, and cash flow due to reduced orders and supply chain disruptions[65] - Labor shortages and increased turnover rates could lead to higher operational costs and affect the company's ability to retain valuable employees[87] - The company is subject to risks related to supply shortages and sourcing delays due to its reliance on global supply chains[90] Financial Management and Risks - As of December 31, 2022, the company had $308.6 million of variable rate borrowings under its revolving credit facility[99] - A 50 basis point increase in interest rates could result in an additional $1.4 million of interest expense on variable rate borrowings[99] - The company has more than $500 million of availability remaining on its revolving credit facility following the divestiture of MSA LLC[167] - The company expects to generate sufficient operating cash flow to meet future debt service obligations, with total interest expense for 2023 projected between $48 million and $50 million[170] - The company must comply with restrictive covenants in its debt agreements, and failure to do so could result in a default[98] - The company is exposed to market risks related to currency exchange rates and interest rates, which could adversely affect its financial position and operating results[192] Corporate Governance and Compliance - The company maintained effective internal control over financial reporting as of December 31, 2022, based on the COSO criteria[204] - The independent registered public accounting firm expressed an unqualified opinion on the company's consolidated financial statements for the year ended December 31, 2022[209] - Management is responsible for establishing and maintaining adequate internal control over financial reporting to ensure reliability in financial statements[201] - The company assessed the effectiveness of its internal control over financial reporting as of December 31, 2022, concluding that it was effective[204] - The company’s financial reporting includes amounts based on the best estimates and judgments of management, consistent with generally accepted accounting principles[200]

MSA Safety Incorporated (NYSE:MSA) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Chris Hepler - Executive Director, Corporate Development & Investor Relations Nish Vartanian - Chairman, President & Chief Executive Officer Lee McChesney - Senior Vice President & Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Rob Mason - Baird Larry De Maria - William Blair Operator Good day, and welcome to the MSA Fourth Quarter and Full Year 2022 Earnings ...

Adjusted Operating Margin of 19.0% Net sales growth of 9% Adjusted EPS growth of 21% Significantly Reduces Business Risk Free Cash Flow Net Leverage • Strong financial position ‒ Net leverage of 1.2x adjusted TTM EBITDA at year end ‒ Net debt of $410MM ‒ Pro forma net leverage for the legacy liability divestiture on January 5, 2023 would have been 2.2x (1) % of net sales for year ended December 31, 2022. Q4 and FY 2022 Earnings Results | 11 Reconciliation of Non-GAAP Financial Measures Three Months Ended De ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2022 Commission File No. 1-15579 MSA SAFETY INCORPORATED (Exact name of registrant as specified in its charter) Pennsylvania 46-4914539 (State or other jurisdiction of incorporation or organization) (IRS Employ ...

MSA Safety Incorporated (NYSE:MSA) Q3 2022 Results Conference Call October 27, 2022 8:30 AM ET Company Participants Chris Hepler - Executive Director of Corporate Development and Investor Relations Nish Vartanian - Chairman, President and CEO Lee McChesney - Senior Vice President and CFO Jon Buck - Chief Accounting Officer Conference Call Participants Stanley Elliott - Stifel Rob Mason - Baird Operator Good day, and welcome to the MSA Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Plea ...

MSA Safety Incorporated (NYSE:MSA) Q2 2022 Results Conference Call July 28, 2022 8:30 AM ET Company Participants Chris Hepler - Executive Director, Corporate Development and IR Nish Vartanian - Chairman, President and CEO Ken Krause - SVP, CFO and Treasurer Conference Call Participants Stanley Elliott - Stifel Larry De Maria - William Blair Rob Mason - Baird Operator Good day, and welcome to the MSA Q2 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would ...