Resilient Demand and Order Growth
Order pace remained solid in the fourth quarter, up 14% year over year, and second-half orders are up 10% versus the same prior year period. This indicates strong demand across top product categories.
Successful New Contracts and Competitive Wins
MSA announced the award of a ten-year $33 million breathing apparatus contract with the US Coast Guard, delivered on the second tranche of the US Air Force order, and received the largest ever order for MSA Plus connected portables from a large energy customer.
Adjusted Earnings Growth
Adjusted earnings grew by 10% year over year, driven by strong operating leverage, resilient gross margins, and effective SG&A management.
Strong Financial Position
MSA strengthened its financial position with an adjusted EBITDA of $469 million, net leverage of 0.7 times, and significant liquidity.