# EDGAR Filing Document

**Accession Number:** 0000066570
**File Stem:** 0000066570-26-000002
**Filing Date:** 2026-2
**Character Count:** 46865
**Document Hash:** 44f5e8750deda20b92408fff7a8790d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000066570-26-000002.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0000066570-26-000002

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260211

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MSA Safety Inc
- **CENTRAL INDEX KEY:** 0000066570
- **STANDARD INDUSTRIAL CLASSIFICATION:** ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 464914539
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15579
- **FILM NUMBER:** 26621512

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 CRANBERRY WOODS DRIVE
- **CITY:** CRANBERRY TOWNSHIP
- **STATE:** PA
- **ZIP:** 16066
- **BUSINESS PHONE:** 724-776-8600

**MAIL ADDRESS:**
- **STREET 1:** 1000 CRANBERRY WOODS DRIVE
- **CITY:** CRANBERRY TOWNSHIP
- **STATE:** PA
- **ZIP:** 16066

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MINE SAFETY APPLIANCES CO
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? msa-20260211

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

________________

FORM 8-K

________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 11, 2026

![a8kimage1a09.jpg](msa-20260211_g1.jpg)

**MSA SAFETY INCORPORATED** 

(Exact name of registrant as specified in its charter)

Pennsylvania 1-15579 46-4914539 <br> (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification Number)

---

| | | |
|:---|:---|:---|
| **1000 Cranberry Woods Drive** | **1000 Cranberry Woods Drive** | |
| **Cranberry Township,** | **Pennsylvania** | **16066-5207** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: 724-776-8600** 

Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

<u>Title of each class</u> <u>Trading Symbol(s)</u> <u>Name of each exchange on which registered</u> <br> Common stock, no par value MSA New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition** |

---

On February 11, 2026, the Company issued a press release announcing its financial results for the quarter and full year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 to this report.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

---

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;MSA Safety Incorporated Press Release dated February 11, 2026, announcing financial results for the quarter and full year ended December 31, 2025.

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| MSA SAFETY INCORPORATED | MSA SAFETY INCORPORATED |
| (Registrant) | (Registrant) |
| By | /s/ Julie A. Beck |
| | Julie A. Beck |
| | Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer) |

---

February 11, 2026

------

EXHIBIT INDEX

Exhibit No.&nbsp;&nbsp;&nbsp;&nbsp; Description

&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;<u>[MSA Safety Incorporated Press Release dated February 11, 2026, announcing financial results for the quarter and full year ended December 31, 2025.](ex991-q42025earningspr.htm)</u>

## Exhibit 99.1

**EXHIBIT 99.1**![msa01.jpg](msa01.jpg)

**FOR IMMEDIATE RELEASE**

**FROM:** MSA Safety Incorporated

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ticker: MSA (NYSE)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Media Relations Contact: Mark Deasy (412) 559-8154

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investor Relations Contact: Larry De Maria (917) 245-7463

**MSA Safety Announces Fourth Quarter and Full-Year 2025 Results**

***Fourth Quarter 2025 Highlights***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Achieved net sales of $511 million, a 2% GAAP increase and (3)% organic<sup>(a)</sup> decrease year-over-year primarily due to timing delays in fire service

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generated GAAP operating income of $114 million, or 22.3% of net sales, and adjusted operating income of $122 million, or 23.9% of net sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Recorded GAAP net income of $87 million, or $2.21 per diluted share, and adjusted earnings of $93 million, or $2.38 per diluted share

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Returned a total of $61 million to shareholders via $40 million of share repurchases and $21 million of dividends, repaid $48 million of debt, and invested $16 million for capital expenditures

***Full-Year 2025 Highlights***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Achieved net sales of $1.9 billion, a 4% GAAP increase and 1% organic increase year-over-year, including timing delays in fire service

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generated GAAP operating income of $372 million, or 19.8% of net sales, and adjusted operating income of $415 million, or 22.1% of net sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Recorded GAAP earnings of $279 million, or $7.09 per diluted share, and adjusted earnings of $312 million, or $7.93 per diluted share

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Acquired M&C TechGroup for $189 million, returned a total of $162 million to shareholders via $80 million of share repurchases and $82 million of dividends, and invested $68 million for capital expenditures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maintain strong balance sheet and ample liquidity to support Accelerate strategy

PITTSBURGH, February 11, 2026 - Global safety equipment and solutions provider MSA Safety Incorporated (NYSE: MSA) today reported financial results for the fourth quarter and year ended December 31, 2025.

<sup>(a)</sup> Definition of organic revenue growth provided on the bottom of page ten.

(more)

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"We reported solid 2025 performance in a challenging operating environment," said Steve Blanco, MSA Safety President and Chief Executive Officer. "Our team delivered resilient full-year results despite headwinds to organic sales and margins, driven by strong execution and effective SG&A management. This year, our sales growth headwinds included pockets of industrial end market weakness, timing challenges in the U.S. fire service, and difficult comparisons. We are entering 2026 with strong momentum, due to our Mission-driven commitment to deliver innovative products and solutions to our customers, along with a solid commercial pipeline. The team remains confident in our ability to execute our Accelerate strategy to deliver on our 2028 financial commitments."

***Financial Highlights***

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Twelve Months Ended December 31,** | **Twelve Months Ended December 31,** | **Twelve Months Ended December 31,** |
|<br>*(In millions, except per share data and percentages)* | **2025** | **2024** | **% Change** <sup>(a)</sup> | **2025** | **2024** | **% Change** <sup>(a)</sup> |
| **Net Sales** | $511 | $500 | 2% | $1875 | $1808 | 4% |
| **GAAP** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating income | 114 | 118 | (3)% | 372 | 389 | (4)% |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *22.3 %* | *23.5 %* | *(120) bps* | *19.8 %* | *21.5 %* | *(170) bps* |
| &nbsp;&nbsp;&nbsp;Net income | 87 | 88 | (1)% | 279 | 285 | (2)% |
| &nbsp;&nbsp;&nbsp;Diluted EPS | $2.21 | $2.22 | —% | $7.09 | $7.21 | (2)% |
| **Non-GAAP** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Adjusted EBITDA | $136 | $135 | 1% | $473 | $469 | *1 %* |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *26.6 %* | *26.9 %* | *(30) bps* | *25.2 %* | *26.0 %* | *(80) bps* |
| &nbsp;&nbsp;&nbsp;Adjusted operating income | $122 | $120 | 1% | $415 | $414 | —% |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *23.9 %* | *24.0 %* | *(10) bps* | *22.1 %* | *22.9 %* | *(80) bps* |
| &nbsp;&nbsp;&nbsp;Adjusted earnings | 93 | 89 | 5% | 312 | 305 | 2% |
| &nbsp;&nbsp;&nbsp;Adjusted diluted EPS | $2.38 | $2.25 | 6% | $7.93 | $7.70 | 3% |
| &nbsp;&nbsp;&nbsp;Free cash flow | 106 | 93 | 13% | 295 | 242 | 22% |
| &nbsp;&nbsp;&nbsp;*Free cash flow conversion* | *122 %* | *106 %* |  | *106 %* | *85 %* |  |
| **Americas Segment** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net sales | $335 | $337 | (1)% | $1262 | $1247 | 1% |
| &nbsp;&nbsp;&nbsp;GAAP operating income | 101 | 101 | —% | 356 | 371 | (4)% |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *30.3 %* | *30.1 %* | *20 bps* | *28.2 %* | *29.8 %* | *(160) bps* |
| &nbsp;&nbsp;&nbsp;Adjusted operating income | 104 | 104 | —% | 365 | 380 | (4)% |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *31.0 %* | *30.7 %* | *30 bps* | *28.9 %* | *30.5 %* | *(160) bps* |
| **International Segment** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net sales | $176 | $163 | 8% | $613 | $561 | 9% |
| &nbsp;&nbsp;&nbsp;GAAP operating income | 27 | 28 | (3)% | 79 | 79 | —% |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *15.4 %* | *17.1 %* | *(170) bps* | *12.9 %* | *14.1 %* | *(120) bps* |
| &nbsp;&nbsp;&nbsp;Adjusted operating income | 30 | 29 | 3% | 93 | 85 | 10% |
| &nbsp;&nbsp;&nbsp;*% of Net sales* | *16.8 %* | *17.6 %* | *(80) bps* | *15.2 %* | *15.1 %* | *10 bps* |

---

<sup>(a)</sup> Percentage change may not calculate exactly due to rounding.

(more)

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***Balance Sheet and Cash Flow***

"While macroeconomic conditions presented challenges, MSA delivered organic sales growth within our low-single digit 2025 Outlook range, free cash flow conversion that surpassed our annual target range and higher capital returns to shareholders," commented Julie Beck, MSA Safety Senior Vice President and Chief Financial Officer. "Our strong balance sheet and ample liquidity continue to provide us the ability to deliver on our balanced capital allocation priorities of organic growth, M&A, and capital returns to shareholders, which will enable us to execute our strategy to invest and drive profitable growth," Beck added.

The company deployed capital in line with its capital allocation strategy in 2025 by acquiring M&C TechGroup for $189 million, returning a total of $162 million to shareholders via dividends of $82 million and executing $80 million of share repurchases, while investing $68 million in capital expenditures. MSA maintains a strong liquidity position with net debt at the end of the fourth quarter of $416 million. The company's net leverage ratio was 0.9x at December 31, 2025. MSA's strong financial profile, including ample liquidity of $1.2 billion, continues to provide optionality around execution of strategic growth initiatives, including acquisitions.

***2026 Net Sales Outlook***

The company is expecting mid-single digit full-year organic sales growth in 2026, and has provided an update on the operating environment below:

**Tailwinds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Increasing global safety standards creating demand for sophisticated safety products and solutions; diverse end markets provide resiliency

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Favorable underlying demand for fixed and portable detection, including MSA+ connected ecosystem solutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Carry-over from fire service late AFG funding and U.S. Government shutdown in 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Industrial PPE to benefit from continued momentum in fall protection

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Positive contribution from strategic pricing actions

(more)

------

**Headwinds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continued macroeconomic, tariff and geopolitical policy uncertainty

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mixed industrial end market demand globally

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-recurrence of large detection orders in Latin America

***Conference Call***

MSA Safety will host a conference call on Thursday, February 12, 2026 at 10:00 a.m. Eastern Time to discuss the fourth quarter and full-year 2025 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.

(more)

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MSA Safety Incorporated

Consolidated Statement of Income (Unaudited)

(In thousands, except per share amounts)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended December 31, | Three Months Ended December 31, | Twelve Months Ended December 31, | Twelve Months Ended December 31, |
| | 2025 | 2024 | 2025 | 2024 |
| Net sales | $510913 | $499696 | $1874814 | $1808140 |
| Cost of products sold | 271521 | 265267 | 1003701 | 947695 |
| Gross profit | 239392 | 234429 | 871113 | 860445 |
| Selling, general and administrative | 105359 | 100378 | 414254 | 394707 |
| Research and development | 16157 | 16831 | 65343 | 66526 |
| Restructuring charges | 1427 | 653 | 3897 | 6397 |
| Currency exchange losses (gains), net | 2564 | (1077) | 15801 | 3638 |
| Operating income | 113885 | 117644 | 371818 | 389177 |
| Interest expense | 8431 | 7333 | 31799 | 36889 |
| Other income, net | (7794) | (6503) | (26379) | (22718) |
| Total other expense, net | 637 | 830 | 5420 | 14171 |
| Income before income taxes | 113248 | 116814 | 366398 | 375006 |
| Provision for income taxes | 26315 | 28868 | 87474 | 90039 |
| Net income | 86933 | 87946 | 278924 | 284967 |
| Earnings per share attributable to common shareholders: |  |  |  |  |
| Basic | $2.22 | $2.23 | $7.11 | $7.24 |
| Diluted | $2.21 | $2.22 | $7.09 | $7.21 |
| Basic shares outstanding | 39107 | 39374 | 39216 | 39371 |
| Diluted shares outstanding | 39248 | 39548 | 39346 | 39535 |

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MSA Safety Incorporated

Condensed Consolidated Balance Sheet (Unaudited)

(In thousands)

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 |
| Assets |  |  |
| Cash and cash equivalents | $165067 | $164560 |
| Trade receivables, net | 306452 | 279213 |
| Inventories | 343035 | 296796 |
| Other current assets | 54738 | 62461 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 869292 | 803030 |
| Property, plant and equipment, net | 283063 | 211865 |
| Prepaid pension cost | 279450 | 224638 |
| Goodwill | 731592 | 620895 |
| Intangible assets, net | 299127 | 246437 |
| Other noncurrent assets | 91850 | 98919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $2554374 | $2205784 |
| Liabilities and shareholders' equity |  |  |
| Notes payable and current portion of long-term debt, net | $8225 | $26391 |
| Accounts payable | 110775 | 108163 |
| Other current liabilities | 170211 | 153539 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 289211 | 288093 |
| Long-term debt, net | 572709 | 481622 |
| Pensions and other employee benefits | 143834 | 134251 |
| Deferred tax liabilities | 127540 | 107691 |
| Other noncurrent liabilities | 54068 | 50808 |
| Total shareholders' equity | 1367012 | 1143319 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $2554374 | $2205784 |

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MSA Safety Incorporated

Condensed Consolidated Statement of Cash Flows (Unaudited)

(In thousands)

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| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended December 31, | Three Months Ended December 31, | Twelve Months Ended December 31, | Twelve Months Ended December 31, |
| | 2025 | 2024 | 2025 | 2024 |
| Net income | $86933 | $87946 | $278924 | $284967 |
| Depreciation and amortization | 18656 | 16770 | 71591 | 64333 |
| Change in working capital and other operating | 16765 | 3192 | 13352 | (52872) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow from operating activities | 122354 | 107908 | 363867 | 296428 |
| Capital expenditures | (16334) | (14409) | (68438) | (54223) |
| Acquisition, net of cash acquired | (1501) |  | (189275) |  |
| Property disposals and other investing | 60 | 378 | 79 | 468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow used in investing activities | (17775) | (14031) | (257634) | (53755) |
| Change in debt | (48014) | (43251) | 67314 | (94254) |
| Cash dividends paid | (20706) | (20089) | (82344) | (78759) |
| Company stock purchases under repurchase program | (39997) | (9906) | (79992) | (29932) |
| Other financing | 1078 | 729 | (10443) | (5744) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow used in financing activities | (107639) | (72517) | (105465) | (208689) |
| Effect of exchange rate changes on cash, <br>cash equivalents and restricted cash | (1875) | (11233) | 127 | (17295) |
| (Decrease) increase in cash, cash equivalents and restricted cash | $(4935) | $10127 | $895 | $16689 |

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MSA Safety Incorporated

Sales by Product Group (Unaudited)

(In thousands, except percentages)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Three Months Ended December 31, 2025 | Consolidated | Consolidated | Americas | Americas | International | International |
|  | Dollars | Percent | Dollars | Percent | Dollars | Percent |
| &nbsp;&nbsp;&nbsp;&nbsp;Detection<sup>(a)</sup> | $217299 | 43% | $140608 | 42% | $76691 | 44% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fire Service<sup>(b)</sup> | 174898 | 34% | 120025 | 36% | 54873 | 31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial PPE and Other<sup>(c)</sup> | 118716 | 23% | 74558 | 22% | 44158 | 25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $510913 | 100% | $335191 | 100% | $175722 | 100% |
| Three Months Ended December 31, 2024 | Consolidated | Consolidated | Americas | Americas | International | International |
|  | Dollars | Percent | Dollars | Percent | Dollars | Percent |
| &nbsp;&nbsp;&nbsp;&nbsp;Detection<sup>(a)</sup> | $169578 | 34% | $108680 | 32% | $60898 | 37% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fire Service<sup>(b)</sup> | 216206 | 43% | 155008 | 46% | 61198 | 38% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial PPE and Other<sup>(c)</sup> | 113912 | 23% | 73207 | 22% | 40705 | 25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $499696 | 100% | $336895 | 100% | $162801 | 100% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Twelve Months Ended December 31, 2025 | Consolidated | Consolidated | Americas | Americas | International | International |
|  | Dollars | Percent | Dollars | Percent | Dollars | Percent |
| &nbsp;&nbsp;&nbsp;&nbsp;Detection<sup>(a)</sup> | $763393 | 41% | $501784 | 40% | $261609 | 43% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fire Service<sup>(b)</sup> | 647474 | 34% | 446245 | 35% | 201229 | 33% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial PPE and Other<sup>(c)</sup> | 463947 | 25% | 313812 | 25% | 150135 | 24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1874814 | 100% | $1261841 | 100% | $612973 | 100% |
| Twelve Months Ended December 31, 2024 | Consolidated | Consolidated | Americas | Americas | International | International |
|  | Dollars | Percent | Dollars | Percent | Dollars | Percent |
| &nbsp;&nbsp;&nbsp;&nbsp;Detection<sup>(a)</sup> | 642792 | 36% | 426839 | 34% | 215953 | 38% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fire Service<sup>(b)</sup> | 712684 | 39% | 507738 | 41% | 204946 | 36% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial PPE and Other<sup>(c)</sup> | 452664 | 25% | 312064 | 25% | 140600 | 26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1808140 | 100% | $1246641 | 100% | $561499 | 100% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas detection. Detection includes sales from M&C TechGroup Germany GmbH and its affiliated companies ("M&C"), acquired by the Company, from May 6th, 2025, onward (Americas and International).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core. |

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MSA Safety Incorporated

Reconciliation of GAAP to Non-GAAP Financial Measures

Organic revenue change (Unaudited)

Consolidated

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| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 |
| | Detection<sup>(a)</sup> | Fire Service<sup>(b)</sup> | Industrial PPE and Other<sup>(c)</sup> | Net Sales |
| GAAP reported sales change | 28% | (19)% | 4% | 2% |
| Currency translation effects | (3)% | (2)% | (3)% | (2)% |
| Less: Acquisitions | (8)% | —% | —% | (3)% |
| Organic sales change | 17% | (21)% | 1% | (3)% |
|  | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 |
|  | Detection<sup>(a)</sup> | Fire Service<sup>(b)</sup> | Industrial PPE and Other<sup>(c)</sup> | Net Sales |
| GAAP reported sales change | 19% | (9)% | 2% | 4% |
| Currency translation effects | (1)% | (1)% | —% | (1)% |
| Less: Acquisitions | (6)% | —% | —% | (2)% |
| Organic sales change | 12% | (10)% | 2% | 1% |

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Americas Segment

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| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 |
| | Detection<sup>(a)</sup> | Fire Service<sup>(b)</sup> | Industrial PPE and Other<sup>(c)</sup> | Net Sales |
| GAAP reported sales change | 29% | (23)% | 2% | (1)% |
| Currency translation effects | (2)% | —% | (3)% | (1)% |
| Less: Acquisitions | (3)% | —% | —% | (1)% |
| Organic sales change | 24% | (23)% | (1)% | (3)% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 |
| | Detection<sup>(a)</sup> | Fire Service<sup>(b)</sup> | Industrial PPE and Other<sup>(c)</sup> | Net Sales |
| GAAP reported sales change | 18% | (12)% | 1% | 1% |
| Currency translation effects | —% | —% | 1% | —% |
| Less: Acquisitions | (3)% | —% | —% | (1)% |
| Organic sales change | 15% | (12)% | 2% | —% |

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International Segment

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| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 |
| | Detection<sup>(a)</sup> | Fire Service<sup>(b)</sup> | Industrial PPE and Other<sup>(c)</sup> | Net Sales |
| GAAP reported sales change | 26% | (10)% | 8% | 8% |
| Currency translation effects | (4)% | (6)% | (4)% | (5)% |
| Less: Acquisitions | (18)% | —% | —% | (6)% |
| Organic sales change | 4% | (16)% | 4% | (3)% |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 |
| | Detection<sup>(a)</sup> | Fire Service<sup>(b)</sup> | Industrial PPE and Other<sup>(c)</sup> | Net Sales |
| GAAP reported sales change | 21% | (2)% | 7% | 9% |
| Currency translation effects | (3)% | (3)% | (3)% | (3)% |
| Less: Acquisitions | (13)% | —% | —% | (5)% |
| Organic sales change | 5% | (5)% | 4% | 1% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Detection includes Fixed Gas and Flame Detection and Portable Gas Detection. Detection includes sales from M&C, acquired by the Company, from May 6th, 2025, onward (Americas and International).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

Management believes that organic sales change is a useful metric for investors, as foreign currency translation, acquisitions and divestitures can have a material impact on sales change trends. Organic sales change highlights ongoing business performance excluding the impact of fluctuating foreign currencies, acquisitions and divestitures. There can be no assurances that MSA's definition of organic sales change is consistent with that of other companies. As such, management believes that it is appropriate to consider sales change determined on a GAAP basis in addition to this non-GAAP financial measure.

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MSA Safety Incorporated

Reconciliation of Non-GAAP Financial Measures

Adjusted operating income (Unaudited)

Adjusted EBITDA (Unaudited)

(In thousands)

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| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months <br>Ended December 31, | Three Months <br>Ended December 31, | Twelve Months<br> Ended December 31, | Twelve Months<br> Ended December 31, |
| | 2025 | 2024 | 2025 | 2024 |
| Adjusted EBITDA  | $135999 | $134642 | $472911 | $469431 |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 14076 | 14484 | 58313 | 55159 |
| Adjusted operating income | 121923 | 120158 | 414598 | 414272 |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Currency exchange losses (gains), net | 2564 | (1077) | 15801 | 3638 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acquisition-related amortization | 3582 | 2286 | 12615 | 9174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Restructuring charges | 1427 | 653 | 3897 | 6397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net cost for product related legal matter |  |  |  | 5000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transaction costs <sup>(a)</sup> | 465 | 652 | 10467 | 886 |
| GAAP operating income | 113885 | 117644 | 371818 | 389177 |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 8431 | 7333 | 31799 | 36889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income, net | (7794) | (6503) | (26379) | (22718) |
| Income before income taxes | 113248 | 116814 | 366398 | 375006 |
| Provision for income taxes | 26315 | 28868 | 87474 | 90039 |
| Net income | $86933 | $87946 | $278924 | $284967 |
| <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. |

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Adjusted operating income, adjusted operating margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA margin are non-GAAP financial measures and operating ratios derived from non-GAAP measures. Adjusted operating income is defined as operating income excluding restructuring charges, currency exchange gains / losses, acquisition-related amortization, net cost for product related legal matter and transaction costs. Adjusted operating margin is defined as adjusted operating income divided by net sales to external customers. Adjusted EBITDA is defined as adjusted operating income plus depreciation and amortization, and adjusted EBITDA margin is defined as adjusted EBITDA divided by net sales to external customers. These metrics are consistent with how management evaluates segment results and makes strategic decisions about the business. Additionally, these non-GAAP financial measures provide information useful to investors in understanding our operating performance and trends, and to facilitate comparisons with the performance of our peers. Adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin are not recognized terms under GAAP, and therefore do not purport to be alternatives to operating income or operating margin as a measure of operating performance. The company's definition of adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin may not be comparable to similarly titled measures of other companies. As such, management believes that it is appropriate to consider operating income and net income determined on a GAAP basis in addition to these non-GAAP measures.

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MSA Safety Incorporated

Reconciliation of Non-GAAP Financial Measures

Adjusted earnings (Unaudited)

Adjusted earnings per diluted share (Unaudited)

(In thousands, except percentages and per share amounts)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Three Months <br>Ended December 31, | Three Months <br>Ended December 31, | | Twelve Months<br> Ended December 31, | Twelve Months<br> Ended December 31, | |
| | 2025 | 2024 |% Change | 2025 | 2024 |% Change |
| Net income | $86933 | $87946 | (1)% | $278924 | $284967 | (2)% |
| Currency exchange losses (gains), net | 2564 | (1077) |  | 15801 | 3638 |  |
| Restructuring charges | 1427 | 653 |  | 3897 | 6397 |  |
| Acquisition-related amortization | 3582 | 2286 |  | 12615 | 9174 |  |
| Transaction costs <sup>(a)</sup> | 465 | 652 |  | 10467 | 886 |  |
| Asset related losses (gains) | 419 | (141) |  | 1408 | 819 |  |
| Pension settlement |  |  |  | 721 | 1308 |  |
| Net cost for product related legal matter |  |  |  |  | 5000 |  |
| Income tax expense on adjustments | (2019) | (1277) |  | (11904) | (7689) |  |
| Adjusted earnings | $93371 | $89042 | 5% | $311929 | $304500 | 2% |
| Adjusted earnings per diluted share | $2.38 | $2.25 | 6% | $7.93 | $7.70 | 3% |
| <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. |

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Management believes that adjusted earnings and adjusted diluted earnings per share are useful measures for investors, as management uses these measures to internally assess the company's performance and ongoing operating trends. There can be no assurances that additional special items will not occur in future periods, nor that MSA's definition of adjusted earnings is consistent with that of other companies. As such, management believes that it is appropriate to consider both net income determined on a GAAP basis as well as adjusted earnings.

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MSA Safety Incorporated

Reconciliation of Non-GAAP Financial Measures

Debt to adjusted EBITDA / Net debt to adjusted EBITDA (Unaudited)

(In thousands)

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| | |
|:---|:---|
| | Twelve Months Ended <br>December 31, 2025 |
| Operating income | $371818 |
| Depreciation and amortization | 58313 |
| Currency exchange losses, net | 15801 |
| Restructuring charges | 3897 |
| Acquisition-related amortization | 12615 |
| Transaction costs <sup>(a)</sup> | 10467 |
| Adjusted EBITDA | $472911 |
| Total end-of-period debt | 580934 |
| Debt to adjusted EBITDA | 1.2 |
| Total end-of-period debt | 580934 |
| Total end-of-period cash and cash equivalents | 165067 |
| Net debt | $415867 |
| Net debt to adjusted EBITDA | 0.9 |
| <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. | <sup>(a)</sup> Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of or in connection with acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Operations. |

---

Management believes that Debt to adjusted EBITDA and Net debt to adjusted EBITDA are useful measures for investors, as management uses these measures to internally assess the company's liquidity and balance sheet strength. There can be no assurances that that MSA's definition of Debt to adjusted EBITDA and Net debt to adjusted EBITDA is consistent with that of other companies.

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***About MSA Safety:&nbsp;&nbsp;&nbsp;&nbsp;***

*MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the Company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.*

***Cautionary Statement Regarding Forward-Looking Statements:***

*Except for historical information, certain matters discussed in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve various assumptions, known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or other comparable words. Actual results, performance or outcomes may differ materially from those expressed or implied by these forward-looking statements and may not align with historical performance and events due to a number of factors, including those discussed in the sections of our annual report on Form 10-K entitled "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors," and those discussed in our Form 10-Q quarterly reports filed after such annual report. MSA's SEC filings are readily obtainable at no charge at www.sec.gov, as well as on its own investor relations website at http://investors.MSAsafety.com. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and caution should be exercised against placing undue reliance upon such statements, which are based only on information currently available to us and speak only as of the date hereof. We are under no duty to update publicly any of the forward-looking statements after the date of this earnings press release, whether as a result of new information, future events or otherwise, except as required by law.* 

***Non-GAAP Financial Measures:***

*This press release includes certain non-GAAP financial measures. These financial measures include organic sales change, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted earnings, adjusted earnings per diluted share, debt to adjusted EBITDA, and net debt to adjusted EBITDA. These non-GAAP financial measures provide information useful to investors in understanding our operating performance and trends, and to facilitate comparisons with the performance of our peers. Management also uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities. The non-GAAP financial measures and key performance indicators we use, and computational methods with respect thereto, may differ from the non-GAAP financial measures and key performance indicators, and computational methods, that our peers use to assess their performance and trends.* 

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*The presentation of these non-GAAP financial measures does not comply with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures should be viewed as supplemental in nature, and not as a substitute for, or superior to, our reported results prepared in accordance with GAAP. When non-GAAP financial measures are disclosed, the Securities and Exchange Commission's Regulation G requires: (i) the presentation of the most directly comparable financial measure calculated and presented in accordance with GAAP and (ii) a reconciliation of the differences between the non-GAAP financial measure presented and the most directly comparable financial measure calculated and presented in accordance with GAAP. For an explanation of these measures, with a reconciliation to the most directly comparable GAAP financial measure, see the Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures in the financial tables section above.*

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