MSA

EX-99.1

2 ex991-earningspressrelease.htm

EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

FROM: MSA Safety Incorporated

Ticker: MSA (NYSE)

Media Relations Contact: Ron Hudok (724) 822-7925

Investor Relations Contact: Julie Beck (724) 799-9105

MSA Safety Announces Third Quarter 2026 Results

Third Quarter 2026 Highlights

•Achieved quarterly net sales of $536 million, a 15% GAAP increase and a 6% organic increase year-over-year

•Generated GAAP operating income of $88 million, or 16.4% of sales, and adjusted operating income of $115 million, or 21.4% of sales

•Recorded GAAP net income of $58 million, or $1.51 per diluted share, a decrease from prior year due to Autronica acquisition costs, and adjusted earnings of $81 million, or $2.09 per diluted share, an increase of 8% year-over-year

•Completed the acquisition of Autronica Fire and Security for $563 million, net of cash acquired

PITTSBURGH, November 2, 2026 - Global provider of advanced industrial safety technology products and solutions that protect people and facility infrastructures, MSA Safety Incorporated (NYSE: MSA) today reported financial results for the third quarter of 2026.

"The MSA team continued to advance our Accelerate strategy in the third quarter, delivering 15% sales growth," said Steve Blanco, President and Chief Executive Officer of MSA Safety. "We executed several strategic objectives, including closing the acquisition of Autronica Fire and Security, launching the G1 City Edition SCBA, and continuing momentum in MSA+ connected safety, with an ALTAIR io 6 order that marked our largest MSA+ order to date. Together, these actions strengthen our safety technology portfolio, reinforce our market leadership, and enhance our ability to deliver sustainable long-term growth," Mr. Blanco added.

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Financial Highlights

Three Months Ended September 30,Nine Months Ended September 30,

(In millions, except per share data and percentages)20262025 % Change (a) 20262025 % Change (a)

Net Sales$536.4 $468.4 15%$1,503.4 $1,363.9 10 %

GAAP

Operating income88.2 94.3 (6)%293.2 257.9 14 %

% of Net sales16.4 %20.1 %(370) bps19.5 %18.9 %60 bps

Net income58.4 69.6 (16)%215.9 192.0 12 %

Diluted EPS1.51 1.77 (15)%5.57 4.87 14 %

Non-GAAP

Adjusted EBITDA$130.7 $118.9 10 %$383.4 $336.9 14 %

% of Net sales24.4 %25.4 %(100) bps25.5 %24.7 %80 bps

Adjusted operating income114.9 103.7 11 %337.2 292.7 15 %

% of Net sales21.4 %22.1 %(70) bps22.4 %21.5 %90 bps

Adjusted earnings80.6 76.2 6 %251.2 218.6 15 %

Adjusted diluted EPS2.09 1.94 8 %6.48 5.55 17 %

Free cash flow68.2 100.5 (32)%216.0 189.4 14 %

Free cash flow conversion117 %144 %100 %99 %

Americas Segment

Net sales$338.2 $313.3 8 %$1,004.9 $926.6 8 %

GAAP operating income93.9 86.7 8 %295.8 254.5 16 %

% of Net sales27.8 %27.7 %10 bps29.4 %27.5 %190 bps

Adjusted operating income96.7 88.7 9 %303.9 260.7 17 %

% of Net sales28.6 %28.3 %30 bps30.2 %28.1 %210 bps

International Segment

Net sales$198.2 $155.1 28 %$498.5 $437.3 14 %

GAAP operating income22.9 22.7 1 %58.3 52.3 11 %

% of Net sales11.6 %14.7 %(310) bps11.7 %12.0 %(30) bps

Adjusted operating income31.8 24.8 28 %71.4 63.7 12 %

% of Net sales16.1 %16.0 %10 bps14.3 %14.6 %(30) bps

(a) Percentage change may not calculate exactly due to rounding.

"Our adjusted earnings per share increased by 8% and we continued to deliver strong free cash flow conversion. Our cash generation and disciplined capital allocation framework enabled the acquisition of Autronica Fire and Security and meaningful shareholder returns via dividends and share repurchases. With net leverage within our target range, we remain well positioned to pursue strategic growth opportunities. We are maintaining our full-year sales outlook of low-double-digit reported growth," stated Julie Beck, MSA Safety's Chief Financial Officer.

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Conference Call

MSA Safety will host a conference call on Tuesday, November 3, 2026, at 10:00 a.m. Eastern Time to discuss its third quarter 2026 results. The call and an accompanying slide presentation will be webcast at http://investors.msasafety.com/ under the “News and Events” tab, subheading “Events & Presentations.” Investors and interested parties can also dial into the call at 1-844-854-4415 (toll-free) or 1-412-902-6599 (international). When prompted, please instruct the operator to be joined into the MSA Safety Incorporated conference call. A replay of the conference call will be available at http://investors.msasafety.com/ shortly after the conclusion of the presentation and will be available for the next 90 days.

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MSA Safety Incorporated

Condensed Consolidated Statements of Income (Unaudited)

(In thousands, except per share amounts)

Three Months Ended September 30,Nine Months Ended September 30,

2026202520262025

Net sales$536,430 $468,445 $1,503,389 $1,363,900

Cost of products sold292,199 250,829 790,287 732,179

Gross profit244,231 217,616 713,102 631,721

Selling, general and administrat