10/25/2023

speaker
Operator
Conference Call Operator

Good day and welcome to the MSA third quarter 2023 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Chris Hepler.

speaker
Chris Hepler
Executive Director of Corporate Development and Investor Relations

Thank you. Good morning, and welcome to MSA Safety's third quarter 2023 earnings conference call. This is Chris Hepler, Executive Director of Corporate Development and Investor Relations. With me today are Nish Vartanian, Chairman and CEO, Steve Blanco, President and COO, and Lee McChesney, Senior Vice President and CFO. Stephanie Sciullo, President of our America segment, will be joining us for the Q&A. Before we begin, I'd like to remind everyone that matters discussed during this call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, all projections and anticipated levels of future performance. Forward-looking statements involve a number of risks, uncertainties, and other factors that may cause our actual results to differ materially from those discussed today. These risks, uncertainties, and other factors are detailed in our SEC filings. MSA Safety undertakes no duty to publicly update any forward-looking statements made on this call except as required by law. We have included certain non-GAAP financial measures as part of our discussion this morning. The non-GAAP reconciliations are available in the appendix of today's presentation. The presentation and press release are available on our investor relations website at investors.msasafety.com. Moving on to today's agenda. First, Nish and Steve will discuss key highlights of the quarter. Lee will then review our financial performance and outlook. And to conclude, Nish will provide closing comments, at which time we will open up the call for your questions. With that, I'll turn the call over to Nish.

speaker
Nish Vartanian
Chairman and CEO

Thanks, Chris. Good morning, everyone. And thank you for your interest in MSA. I'll start on slide four. Since MSA's founding in 1914, we've been a purpose-driven company and our mission of safety has been unwavering. The singular focus is fully integrated into our business strategy as reflected by our 2022 impact report published in August, which details our efforts to create shared value for all stakeholders. We live our purpose every day. through our three impact pillars, products and solutions, people, and planet. These impact pillars guide our approach to developing the next generation of safety solutions to make work safer, easier, and more productive for people everywhere, keeping our own workforce safe and healthy, and conducting our business in a sustainable manner. One way in which we create significant impact and drive value is through continuing to develop innovative products and solutions, such as our connected safety ecosystem and inclusive safety gear to protect diverse workers throughout the world. We continue to evolve our existing product lines by addressing unique safety challenges, such as heat stress, with solutions like our V-Guard C1 hard hat with patent-pending Reflect IR thermal barrier technology that can lower the temperature inside the hard hat by as much as 20 degrees Fahrenheit, or our Baccarat Multi-Zone Refrigerant Monitor that is used by grocery chains to quickly detect leaks in the cooling systems that keep our food safe. Early detection of leaks also reduces emissions and mitigates safety incidents, which helps our customers meet their own sustainability goals. Additionally, we also live our purpose by promoting safety within our communities. During the 2023 Tour de France, members of the French Federation of Firefighters on the tour's emergency response team wore MSA's Galet F2XR rescue helmets. And stage 13 of the tour was hosted by the French city of Châtillon, known as the world capital of fire helmets, home to our facility that makes the iconic Galet helmet. We also announced an expanded partnership with the National Hockey League's Pittsburgh Penguins in order to drive broader awareness of our industry-leading safety solutions. As the team's official safety sponsor, the MSA safety brand will be featured on the team's away game helmets and be prominent on game day when the team plays at home at PPG Paints Arena. Finally, we're proud to share that MSA's impact continues to be recognized both locally and nationally. We were just named one of America's greenest companies for 2024 by Newsweek and also achieved a top workplace distinction by the Pittsburgh Post-Gazette for the 10th time. These awards are the latest examples of the extensive recognition our team has received for the incredibly important work that we do. I want to thank the entire MSA team for their dedication to our mission, vision, and values as well as to creating the impact that earned us this recognition. I take great pride in our mission and purpose. It's always a pleasure to see our mission in action when I'm on the road meeting with our associates and customers. I recently spent time with our Latin American team in meeting with customers in the region. Our team there has made tremendous progress building this region into a very strong, profitable, and diversified business across all our product lines. Meeting with associates there It was energizing to see the team's commitment to our mission of safety and their enthusiasm for helping to solve our customers' toughest safety challenges. With that, I'll now turn the call over to Steve, who will take you through some of the other highlights from the quarter.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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Investor presentation