MSA Safety Incorporated reported fourth quarter 2024 net sales of $500 million, a 1% increase year-over-year, with organic sales growing by 2%. For the full year 2024, net sales reached $1,808 million, also up 1% year-over-year, with organic sales growth of 2%.
The company delivered strong earnings growth, with Q4 2024 diluted EPS increasing 15% to $2.22 and adjusted diluted EPS rising 9% to $2.25. Full year 2024 diluted EPS saw a significant increase of 387% to $7.21, while adjusted diluted EPS grew 10% to $7.70.
MSA Safety maintained a strong balance sheet, ending 2024 with net debt of $343 million and a net leverage ratio of 0.7x. The company returned $79 million to shareholders via dividends and executed $30 million in share repurchases. For 2025, MSA Safety expects low-single-digit full-year organic sales growth.
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