MSA Safety authorizes $500 million share repurchase program

MSA Safety Incorporated (NYSE: MSA) announced that its board of directors authorized a new share repurchase program of up to $500 million of the company's common stock on February 20. The program replaces a previous $200 million share repurchase program that was authorized in 2024.

The timing, price and volume of the repurchases will be determined by market conditions, applicable securities laws and other factors. The board did not establish a termination date for the new program.

"MSA has a long-standing cash generation record," said Steve Blanco, MSA Safety president and chief executive officer. "As we advance our Accelerate strategy to drive profitable growth, we expect to continue to deliver annual free cash flow conversion in the 90 to 100% range, in line with our targets."

Blanco stated that the new share repurchase authorization reflects the board's confidence in the company's ability to execute its long-term strategy and create shareholder value while maintaining its focus on worker protection and facility safety.

MSA Safety reported 2025 revenues of $1.9 billion. The company, headquartered in Cranberry Township, Pennsylvania, employs approximately 5,300 associates across more than 40 international locations and manufactures safety products, technologies and solutions.

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