MSA Safety Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>MSA Safety Inc. has submitted its 2023 Form 10-K, detailing financial performance and segment information for the fiscal year ending December 31, 2023.</b>

AI Summary

MSA Safety Inc (MNESP) filed a Annual Report (10-K) with the SEC on February 16, 2024. MSA Safety Inc. filed its 2023 Form 10-K on February 16, 2024, reporting on the fiscal year ending December 31, 2023. The filing covers financial data for the fiscal years 2023, 2022, and 2021. Key financial statement components such as Retained Earnings, Accumulated Other Comprehensive Income, and Noncontrolling Interest are detailed for the periods ending 2020-2023. Information regarding employee severance costs for the Americas, International, and Corporate segments is provided for fiscal years 2021, 2022, and 2023. The company's principal business address is 1000 Cranberry Woods Drive, Cranberry Township, PA 16066, with a phone number of 724-776-8600.

Why It Matters

For investors and stakeholders tracking MSA Safety Inc, this filing contains several important signals. This 10-K filing provides a comprehensive overview of MSA Safety's financial health and operational segments for the past fiscal year, crucial for investors assessing performance and future outlook. The detailed breakdown of financial data, including segment-specific severance costs, offers insights into the company's cost management strategies and potential restructuring activities.

Risk Assessment

Risk Level: medium — MSA Safety Inc shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information, including risk factors, financial statements, and business operations, requiring thorough review to identify specific risks.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand MSA Safety's financial position and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period for the 10-K.)
• 2024-02-16 — Filing Date (The date the 10-K was filed with the SEC.)
• 2023 — Reporting Year (The primary fiscal year covered by the 10-K.)
• 2022 — Prior Year (Comparative fiscal year data included in the filing.)
• 2021 — Prior Year (Comparative fiscal year data included in the filing.)

Key Players & Entities

• MSA Safety Inc. (company) — Filer and subject of the 10-K filing.
• 0000066570 (company) — Central Index Key for MSA Safety Inc.
• 20231231 (date) — Fiscal year end date for the reported period.
• 20240216 (date) — Filing date of the 10-K report.
• 1000 CRANBERRY WOODS DRIVE (address) — Street address for MSA Safety Inc.'s business and mailing.
• CRANBERRY TOWNSHIP (location) — City for MSA Safety Inc.'s business and mailing address.
• PA (location) — State for MSA Safety Inc.'s business and mailing address.
• 16066 (postal_code) — ZIP code for MSA Safety Inc.'s business and mailing address.

FAQ

Key Dates

• 2024-02-16: 10-K Filing — Official submission of the annual report for fiscal year 2023.
• 2023-12-31: Fiscal Year End — Marks the conclusion of the reporting period for the 10-K.

Filing Documents

• msa-20231231.htm (10-K) — 2455KB
• executiveincentiveplanasof.htm (EX-10.(G)) — 50KB
• ex21-2023subsidiarylisting.htm (EX-21) — 25KB
• ex23-10xk2023.htm (EX-23) — 5KB
• ex311-10xk2023.htm (EX-31.1) — 9KB
• ex312-10xk2023.htm (EX-31.2) — 9KB
• ex32-10xk2023.htm (EX-32) — 6KB
• ex97-mandatoryrecoupmentpo.htm (EX-97) — 30KB
• msa-20231231_g1.jpg (GRAPHIC) — 7KB
• msa-20231231_g2.jpg (GRAPHIC) — 402KB
• 0000066570-24-000008.txt (&nbsp;) — 16451KB
• msa-20231231.xsd (EX-101.SCH) — 92KB
• msa-20231231_cal.xml (EX-101.CAL) — 138KB
• msa-20231231_def.xml (EX-101.DEF) — 509KB
• msa-20231231_lab.xml (EX-101.LAB) — 1252KB
• msa-20231231_pre.xml (EX-101.PRE) — 855KB
• msa-20231231_htm.xml (XML) — 3016KB

Signatures

Signatures 86 2 Table of Contents Cautionary Statement Regarding Forward-Looking Statements This report may contain (and verbal statements made by MSA Safety Incorporated (MSA) may contain) "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future financial performance and involve various assumptions, known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These risks and other factors include, but are not limited to, those listed in this report under "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in this report. In some cases, you can identify forward-looking statements by words such as "may," "will," "should," "expects," "intends," "plans," "objectives," "anticipates," "believes," "estimates," "predicts," "potential" or other comparable words. Actual results, performance or outcomes may differ materially from those expressed or implied by these forward-looking statements and may not align with historical performance and events due to a number of factors, including those discussed in the sections of this report described above. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and caution should be exercised against placing undue reliance upon such statements, which are based only on information currently available to us and speak only as of the date hereof. We are under no duty to update publicly any of the forward-looking statements after the date of this report, whether as a result of new information, future events

Business

Item 1. Business Overview — MSA Safety Incorporated is the global leader in advanced safety products, technology 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. The Company's comprehensive product line, which is governed by rigorous safety standards across highly regulated industries, is used to protect workers and facility infrastructures around the world in a broad range of markets, including fire service, energy, utility, construction and industrial manufacturing applications as well as heating, ventilation, air conditioning and refrigeration ("HVAC-R"). The Company's product portfolio includes firefighter safety gear where core products include self-contained breathing apparatus ("SCBA"), protective apparel and helmets; detection where core products include fixed gas and flame detection ("FGFD") systems and portable gas detection instruments; and industrial personal protective equipment ("PPE") where core products include industrial head protection and fall protection devices. The Company's leading market positions across various products in our portfolio are supported and enabled by a strong commitment to investing in new product development that continually raises the bar for safety equipment performance, all while upholding an unwavering commitment to integrity. We dedicate significant resources to research and development, which allows us to produce innovative safety products that are often first to market and usually protected by intellectual property. Our global product development teams include cross-functional associates throughout the Company, including research and development, marketing, sales, operations and quality management. Our engineers and technical associates work closely with the safety industry's leading

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View this 10-K filing on SEC EDGAR