MSA hosts Investor Day to share accomplishments with its shareholders

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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-ga­zette.com or 412-263-1269. Twit­ter: @PG_C­ze­bi­n­iak.

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