MSA hosts Investor Day to share accomplishments with its shareholders

Share with others:

Print Email Read Later

At an In­ves­tors Day on Fri­day, Cran­berry safety prod­ucts com­pany MSA cel­e­brated its 100th an­ni­ver­sary and shared its goals for the fu­ture — growth in the in­ter­na­tional mar­ket­place; plans to tar­get the oil, gas and petro­chem­i­cal sec­tor; and prod­uct de­vel­op­ment.

“In­ves­tors Day gives us the chance to look at the over­all strat­egy and give that over­reach­ing per­spec­tive. At times, on a quar­terly ba­sis, we can get fo­cused. I think it’s very im­por­tant to get to­gether ev­ery cou­ple of years and level set,“ said CEO and Pres­i­dent Wil­liam M. Lam­bert.

MSA’s prod­ucts in­clude har­nesses, hard hats, breath­ing ap­pa­ra­tus, fixed gas and flame de­tec­tion de­vices, and por­ta­ble gas de­tec­tion de­vices. Its core prod­uct rev­e­nue has in­creased from 58 per­cent to 73 per­cent since 2009, ac­cord­ing to CFO Stacy McMahan. The com­pany hopes to reach a 15 per­cent op­er­at­ing mar­gin by 2015.

One in­ves­tor asked if a de­lay in fed­eral ap­proval for MSA’s lat­est fire­fighter breath­ing ap­pa­ra­tus, the G1 SCBA, might hin­der that goal. That de­vice’s ap­proval was de­layed by the gov­ern­ment shut­down last year and a mis­take at the test­ing fa­cil­ity, Mr. Lam­bert told the Post-Ga­zette in May.

"We’re not de­pen­dent on any one ini­tia­tive to achieve that,” Ms. McMahan said. “Right now, about one-third of the com­pany is fo­cused on core prod­ucts.”

Mr. Lam­bert be­lieves ap­proval of the G1 SCBA will go through by the end of the sum­mer and ship­ping will start by the sec­ond half of the year. The G1 SCBA has a lighter face-piece than other such prod­ucts, a re­charge­able bat­tery and a built-in com­mu­ni­ca­tion sys­tem.

In­ves­tors were also shown a video high­light­ing some of MSA’s ac­com­plish­ments over the past 100 years.

"We are cer­tainly proud of our past, but what ex­cites us more is turn­ing the page and writ­ing the next chap­ter of MSA’s story,” Mr. Lam­bert said.

MSA shares closed Fri­day at $55.11, down 29 cents from Thurs­day.

Madasyn Cze­bi­n­iak: mc­ze­bi­n­iak@post-ga­ or 412-263-1269. Twit­ter: @PG_C­ze­bi­n­iak.

Join the conversation:

Commenting policy | How to report abuse
To report inappropriate comments, abuse and/or repeat offenders, please send an email to and include a link to the article and a copy of the comment. Your report will be reviewed in a timely manner. Thank you.
Commenting policy | How to report abuse

Create a free PG account.
Already have an account?

You have 2 remaining free articles this month

Try unlimited digital access

If you are an existing subscriber,
link your account for free access. Start here

You’ve reached the limit of free articles this month.

To continue unlimited reading

If you are an existing subscriber,
link your account for free access. Start here