"Making 'The Black Parade' allowed us the departure we needed to see what worked and what didn't, experiment, and add a lot of elements we never would have," Way continued. "Sometimes, you need to leave to come back home. To me, it feels like the culmination of everything we have learned as songwriters and players."
Way had plenty of praise for O'Brien, as well.
"He has the ability to take a band and get the best possible version of that band at that moment, which is what we really wanted," Way said.
"I can say, hands down, [the new album we're working on] is our best record yet," guitarist Ray Toro added. "We've gotten even better as songwriters and musicians, and we cannot wait for people to hear what we came up with."
The group has not yet announced a release date for it's as-yet-untitled fourth album.