Latest news with #MSASafety
Trade Arabia
28-05-2025
- Business
- Trade Arabia
MSA Safety forms detection assembly partnership in Saudi Arabia
MSA Safety Incorporated, a global leader in the development of advanced products and solutions that help protect people and facility infrastructures, has announced a partnership with Mohammed Hassan Sherbiny for Commerce to assemble and supply MSA's line of General Monitors S5000 Gas Monitors within Saudi Arabia. Sherbiny, a leader in industrial local manufacturing, offering premium equipment and solutions for the oil and gas industry, will assemble the MSA products locally at its facility in Al-Khobar. The facility has been approved by Saudi Aramco under its In-Kingdom Total Value Add (IKTVA) program. IKTVA was established by Saudi Aramco to increase local investment, manufacturing and jobs throughout the kingdom. 'We're very excited to have this product assembly partnership in place,' said Dave Howells, President of MSA International. 'The partnership aligns with MSA's Accelerate strategy, which includes a focus on growing the company's global detection business. By providing local assembly capabilities and supporting Saudi Aramco's IKTVA program, Sherbiny enhances our ability to serve customers in the region, with faster delivery while also strengthening our technical support capacity, quality control and customer service,' he said. Howells added that MSA Safety will expand its local service and training teams to further support Sherbiny and its growing customer base. Majed Sherbiny, Chief Executive Officer for Mohammed Hassan Sherbiny for Commerce, commented: 'At Sherbiny, our core value is customer focus, and we are dedicated to putting the customer at the center of our world,' he said. 'We are proud to be one of the premier partners for Saudi Aramco over the past 35 years, and we are thankful for them in supporting our local manufacturing initiatives that enable us to directly provide the best quality products and services that our customers deserve. 'Our partnership with MSA to locally assemble its state-of-the-art detection technologies, like the S5000 Gas Monitor, represents an exciting new phase in that partnership,' Sherbiny said. 'We view the partnership as a starting point that can lead to more local assembly work over the coming years, as we are committed to fulfilling the Kingdom's Vision 2030 economic development program, alongside Saudi Aramco and its IKTVA initiative.' The S5000 Gas Monitor utilises MSA's proprietary XCell hydrogen sulfide (H2S) sensor with TruCal® technology. This innovative technology reduces the users' total cost of ownership with improved sensor performance in high-risk applications. It is also a direct replacement for customers using the previous model of hydrogen sulfide detectors. Howells noted the Middle East has long been a strategic growth region for MSA Safety. 'This partnership represents an important, cooperative venture that enhances MSA's ability to build a substantial fleet of fixed gas and flame detectors and related services in Saudi Arabia. Like Sherbiny, we welcome the opportunity to support Saudi Aramco's IKTVA program and Saudi Arabia's Vision 2030 program by positioning our two organizations to better meet infrastructure and worker safety needs.' - TradeArabia News Service
Yahoo
15-05-2025
- Business
- Yahoo
Brady Earnings: What To Look For From BRC
Identification solutions manufacturer Brady (NYSE:BRC) will be reporting results tomorrow before market hours. Here's what to expect. Brady missed analysts' revenue expectations by 0.7% last quarter, reporting revenues of $356.7 million, up 10.6% year on year. It was a softer quarter for the company, with a miss of analysts' EPS estimates. Is Brady a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Brady's revenue to grow 12.6% year on year to $386.6 million, improving from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Brady has missed Wall Street's revenue estimates five times over the last two years. Looking at Brady's peers in the safety & security services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CoreCivic's revenues decreased 2.4% year on year, beating analysts' expectations by 2.5%, and MSA Safety reported revenues up 1.9%, topping estimates by 5%. CoreCivic traded down 2.6% following the results while MSA Safety was up 2.1%. Read our full analysis of CoreCivic's results here and MSA Safety's results here. There has been positive sentiment among investors in the safety & security services segment, with share prices up 14.7% on average over the last month. Brady is up 11% during the same time and is heading into earnings with an average analyst price target of $87 (compared to the current share price of $74.28). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Yahoo
13-05-2025
- Business
- Yahoo
MSA Q1 Earnings Call: Detection Segment Drives Growth Amid Tariff and Currency Headwinds
Safety equipment manufacturer MSA Safety (NYSE:MSA) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 1.9% year on year to $421.3 million. Its non-GAAP profit of $1.68 per share was 6.3% above analysts' consensus estimates. Is now the time to buy MSA? Find out in our full research report (it's free). Revenue: $421.3 million vs analyst estimates of $401.3 million (1.9% year-on-year growth, 5% beat) Adjusted EPS: $1.68 vs analyst estimates of $1.58 (6.3% beat) Adjusted EBITDA: $101.5 million vs analyst estimates of $96.52 million (24.1% margin, 5.1% beat) Operating Margin: 21.5%, in line with the same quarter last year Free Cash Flow Margin: 12.1%, up from 9.6% in the same quarter last year Market Capitalization: $6.35 billion MSA Safety's first quarter results reflected higher-than-expected revenue, driven by strong demand in Detection products and some customer acceleration of orders in response to evolving tariffs. Management attributed performance to momentum in both fixed and portable gas detection, as well as selective price increases and ongoing productivity efforts. The Fire Service segment saw a year-over-year decline due to tough comparisons with prior large government orders, but order trends remained stable. Looking ahead, management maintained a cautious outlook due to ongoing macroeconomic uncertainty and the potential impacts of tariffs and foreign currency headwinds. CEO Steven Blanco noted the company's focus on mitigating higher costs through targeted price increases and long-term productivity improvements. While MSA Safety reaffirmed its commitment to long-term growth targets, leadership acknowledged the year could be uneven as tariff impacts and backlog normalization play out. MSA Safety's latest quarter was shaped by product demand, operational adjustments, and evolving external factors. The following points summarize the underlying drivers of recent performance and management's strategic response: Detection Segment Momentum: Strong growth in Detection, especially in both fixed and portable gas detection products, was supported by robust demand across energy and industrial customers globally. Management highlighted the expansion of connected MSA+ offerings as a key factor. Tariff-Related Customer Acceleration: Some customers accelerated shipments in anticipation of new tariffs, resulting in a pull-forward of just under $10 million in sales, predominantly in the Americas region and with a heavier mix in Fire Service products. Currency and Inflation Pressure: Gross margins were negatively affected by transactional foreign exchange headwinds, particularly from Latin American currencies, and inflationary pressures. Management expects FX headwinds to persist in the coming quarter. Targeted Pricing Actions: In response to tariffs, MSA Safety implemented targeted price increases in April and is considering further adjustments depending on tariff developments. Management noted these actions will take time to work through the sales backlog. Innovation Pipeline and Product Launches: The company launched new products such as the G1 SCBA XR Edition and Globe G-XTREME PRO turnout jacket, aiming to address changing industry standards and customer needs, with positive early feedback from recent industry events. Management's outlook for the remainder of the year centers on navigating tariff impacts, foreign exchange pressures, and maintaining demand across core product lines. The company's ability to execute cost-saving initiatives and price adjustments will be key determinants of future performance. Tariff and Pricing Impact: The evolving tariff environment may create short-term volatility as price increases are phased in and customers adapt. Management anticipates most tariff effects—and related mitigation strategies—will become more visible in the second half of the year. Detection Growth Continuity: Continued strength in Detection products, especially connected and portable devices, is expected to be a primary growth driver, though comps will become more challenging in future quarters. Operational Efficiency Initiatives: Efforts to improve productivity and reduce costs through supply chain, sourcing, and value engineering are expected to support margins, even if some external pressures persist. Rob Mason (Baird): Asked how tariff-related order acceleration might affect project decision-making and future quarters; management clarified Detection led ongoing demand, while accelerated shipments included a heavier Fire Service mix. Ross Sparenblek (William Blair): Inquired about the breakdown of fixed versus portable Detection growth; management reported balanced growth and expects high single-digit increases in Detection for the year. Ross Sparenblek (William Blair): Sought details on the backlog and product mix impact for Q2; management cited a $40 million backlog conversion last year and noted upcoming comps will be tougher, especially with FX headwinds. Jeff Van Sinderen (B. Riley FBR): Asked about the size and composition of Q1 pull-forward sales and supply chain adjustments for tariffs; management estimated just under $10 million pulled forward, with ongoing evaluation of pricing and cost actions. Mike Shlisky (D.A. Davidson): Questioned if cost reduction initiatives tied to tariffs could result in permanent margin improvements; management responded that cost-side gains are expected to be long-term, while pricing may adjust as market conditions evolve. In upcoming quarters, the StockStory team will watch for (1) sustained growth in Detection, particularly the adoption of connected and portable products; (2) the effectiveness of tariff mitigation strategies, including the impact of phased price increases and operational savings; and (3) stabilization of gross margins amid persistent currency and inflation headwinds. The realization of new product launches and backlog normalization will also be important indicators of strategic execution. MSA Safety currently trades at a forward P/E ratio of 19.5×. In the wake of earnings, is it a buy or sell? The answer lies in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. 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Yahoo
06-05-2025
- Business
- Yahoo
CoreCivic (CXW) Reports Q1: Everything You Need To Know Ahead Of Earnings
Private prison operator CoreCivic (NYSE:CXW) will be announcing earnings results tomorrow after market hours. Here's what to look for. CoreCivic beat analysts' revenue expectations by 2.8% last quarter, reporting revenues of $479.3 million, down 2.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates. It reported 68,200 average available beds , down 3.5% year on year. Is CoreCivic a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CoreCivic's revenue to decline 4.8% year on year to $476.5 million, a reversal from the 9.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CoreCivic has missed Wall Street's revenue estimates twice over the last two years. Looking at CoreCivic's peers in the business services & supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. MSA Safety delivered year-on-year revenue growth of 1.9%, beating analysts' expectations by 5%, and CECO Environmental reported revenues up 39.9%, topping estimates by 17%. MSA Safety traded up 2.1% following the results while CECO Environmental was also up 23.9%. Read our full analysis of MSA Safety's results here and CECO Environmental's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 11.2% on average over the last month. CoreCivic is up 17.3% during the same time and is heading into earnings with an average analyst price target of $30.50 (compared to the current share price of $22.88). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Yahoo
06-05-2025
- Business
- Yahoo
GEO Group (GEO) Reports Earnings Tomorrow: What To Expect
Private corrections company GEO Group (NYSE:GEO) will be announcing earnings results tomorrow before market open. Here's what to expect. GEO Group beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $607.7 million, flat year on year. It was a softer quarter for the company, with a significant miss of analysts' EPS estimates. Is GEO Group a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting GEO Group's revenue to grow 1.8% year on year to $616.8 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GEO Group has missed Wall Street's revenue estimates twice over the last two years. Looking at GEO Group's peers in the business services & supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. MSA Safety delivered year-on-year revenue growth of 1.9%, beating analysts' expectations by 5%, and CECO Environmental reported revenues up 39.9%, topping estimates by 17%. MSA Safety traded up 2.1% following the results while CECO Environmental was also up 23.9%. Read our full analysis of MSA Safety's results here and CECO Environmental's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 11.2% on average over the last month. GEO Group is up 14.3% during the same time and is heading into earnings with an average analyst price target of $44.80 (compared to the current share price of $31.34). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
