MSA
Supplies protective equipment and detection systems for industrial and fire-service users.
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Profile
Products span breathing apparatus, gas and flame detection, head protection, fire and rescue helmets, and fall protection. Products are sold through distributors and direct channels to industrial customers, fire services, construction, mining, oil and gas, military, and related markets across the Americas and International.
Built around industrial safety equipment, the portfolio includes self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detectors, industrial head protection, fire and rescue helmets, and fall-protection devices.
Sales reach oil, gas and petrochemical operations, fire service, construction, mining, military, and other end markets. The Americas and International are the two reportable segments; distribution is the main channel in the Americas, while International uses both indirect and direct channels.
Portfolio expansion has included General Monitors, Latchways, Globe Manufacturing, Bacharach, and M&C TechGroup, whose gas-analysis systems support critical environments. Operations depend on specialized safety equipment reaching end users through distributors and direct channels.
Company facts
Categories
Key statistics
Year to date +17.4% · Average volume (30d) 284.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | D.A. Davidson | Target | $235 | $223 | ||
| Aug 3, 2026 | B. Riley | Downgrade | Buy | Neutral | ||
| May 6, 2026 | Robert W. Baird | Target | $166 | $197 | ||
| Feb 18, 2026 | DA Davidson | Reiterate | Buy | $195 | $235 | |
| Feb 18, 2026 | National Bank | Target | $235 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $2.14 | $2.40 | +12.1% | $496.3M | $503.3M | +1.4% | +9.13% |
| May 4, 2026Q1 FY26 | $1.85 | $1.99 | +7.6% | $451.3M | $463.6M | +2.7% | +2.18% |
| Feb 11, 2026Q4 FY25 | $2.26 | $2.38 | +5.3% | $508.1M | $511.0M | +0.6% | +3.21% |
| Oct 28, 2025Q3 FY25 | $1.90 | $1.94 | +2.1% | $508.6M | $468.4M | −7.9% | +4.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $421.3M | $474.1M | $468.4M | $510.9M | $463.6M | $503.3M | |
| Gross profit | $193.4M | $220.7M | $217.6M | $239.4M | $219.6M | $249.3M | |
| Operating income | $77.8M | $85.9M | $94.3M | $144.1M | $97.7M | $117.7M | |
| Net income | $59.6M | $62.8M | $69.6M | $86.9M | $71.3M | $86.2M | |
| Diluted EPS | $1.51 | $1.59 | $1.77 | $2.21 | $1.83 | $2.23 | |
| Gross margin | 45.9% | 46.6% | 46.5% | 46.9% | 47.4% | 49.5% | |
| Operating margin | 18.5% | 18.1% | 20.1% | 28.2% | 21.1% | 23.4% |
Fiscal years (4-quarter sums)FY21 $1.40B · FY22 $1.53B · FY23 $1.79B · FY24 $1.81B · FY25 $1.87B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $200.1M · Total debt $643.5M · Total assets $2.60B · Shareholders' equity $1.40B
Dividends
Raised for 35 straight years — most recently to $0.54 from $0.53 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 10 | $0.54 | |
| May 15, 2026 | May 15 | Jun 10 | $0.54 | raised from $0.53 |
| Feb 13, 2026 | Feb 13 | Mar 10 | $0.53 | |
| Nov 14, 2025 | Nov 14 | Dec 10 | $0.53 | |
| Aug 15, 2025 | Aug 15 | Sep 10 | $0.53 | |
| May 15, 2025 | May 15 | Jun 10 | $0.53 | raised from $0.51 |
| Feb 14, 2025 | Feb 14 | Mar 10 | $0.51 | |
| Nov 15, 2024 | Nov 15 | Dec 10 | $0.51 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 38.60M · Float 36.17M · 93.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.33M | 8.63% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 1.83M | 4.74% | 13F | Aug 13, 2026 |
| Ruane, Cunniff & Goldfarb L.P. | 1.72M | 4.46% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 1.71M | 4.43% | 13F | Aug 13, 2026 |
| State Street Corp | 1.63M | 4.21% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Nishan J. Vartanian | director, other: Chairman | −20,000 | $193.99 |
| Aug 4, 2026 | Jonathan D. Buck | officer: Chief Accounting Officer | −469 | $191.00 |
| Jun 11, 2026 | Julie A. Beck | officer: Chief Financial Officer | +448 | $158.69 |
| Feb 17, 2026 | Jonathan D. Buck | officer: Chief Accounting Officer | −1,100 | $203.48 |
| Nov 25, 2025 | Jonathan D. Buck | officer: Chief Accounting Officer | −333 | $161.00 |
Peers
- Honeywell Technologies
Industrial safety breadth across gas detection, respiratory, and fall protection
- 3M
Respiratory, hearing, eye, and fall-protection PPE for industrial users
- Teledyne Technologies
Fixed and portable gas/flame detection for high-hazard industries
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MSA | $190.34 | −0.04% | $7.35B | 23.7 | 19.8 | 3.8 | +6.2% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| 3M | $174.82 | +0.27% | $89.91B | 31.0 | 18.8 | 3.6 | +2.5% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Median | 30.0 | 23.7 | 3.6 | +2.5% |