Welcome to our dedicated page for Brady news (Ticker: BRC), a resource for investors and traders seeking the latest updates and insights on Brady stock.
Brady Corporation (NYSE: BRC) is an international manufacturer and marketer of solutions that identify and protect people, products and places. Company news highlights its role in identification solutions and workplace safety products, including high-performance labels, signs, safety devices, printing systems and software used across electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and other industries.
The BRC news feed features financial results and earnings guidance, such as quarterly and annual performance updates, segment trends in the Americas & Asia and Europe & Australia, and commentary from management on research and development investments, acquisitions and profitability. Investors can review announcements on adjusted earnings measures, sales growth drivers and regional performance.
Brady’s news also covers corporate actions and governance, including dividend declarations and increases on its Class A Common Stock, regular quarterly cash dividends on Class A and Class B Common Stock, and outcomes of Board of Directors elections at annual shareholder meetings. Updates on board composition, such as the appointment of new directors, and executive-related agreements are reported through press releases and Form 8-K filings.
Another key theme in Brady’s news is strategic acquisitions. For example, the company has announced the acquisition of Mecco Partners, LLC, a business specializing in industrial product marking and identification systems, which complements Brady’s direct part marking and specialty identification offerings.
By following Brady Corporation news, readers can monitor developments in identification and workplace safety products, track the company’s capital allocation decisions through dividends and share repurchases, and review updates on acquisitions, board changes and regional business performance.
Brady (NYSE: BRC) has completed its acquisition of Gravotech Holding for EUR 120 million (approximately USD 130 million). Gravotech is a leader in specialized marking and engraving solutions, offering laser and mechanical engraving capabilities for direct part marking. This acquisition expands Brady's product offering and aligns with its market-leading position in product identification solutions and specialty adhesive materials.
For fiscal year 2025, Brady anticipates sales from Gravotech of EUR 116 million (approximately USD 125 million) and EBITDA of EUR 12 million (approximately USD 13 million), excluding integration-related costs. The acquisition is expected to enhance Brady's global footprint and generate long-term profitable growth.
Brady (NYSE: BRC) announced that Christopher Hix has joined its Board of Directors, effective May 24, 2024.
Mr. Hix brings 39 years of experience, having previously served as Chief Financial Officer at Enovis , OM Group, and Robbins & Myers.
Hix's extensive background includes significant roles in industrial and medical technology sectors, where he facilitated company growth and transformation.
Brady , a global manufacturer of identification and protection solutions, reported fiscal 2023 sales of approximately $1.33 billion and employs around 5,600 people worldwide.
Brady (NYSE: BRC) reported a 1.9% increase in sales for Q3 FY2024, reaching $343.4 million. Organic sales grew by 4.5%, offsetting a 0.3% decrease from foreign currency translation and a 2.3% decline due to divestitures.
EPS surged 9.4% to a record high of $1.05, and adjusted EPS excluding certain items rose 14.7% to $1.09. Net income for the quarter was $50.9 million, up from $48.1 million in the previous year. For the nine months ending April 30, 2024, sales reached $998.0 million, with a 1.2% increase.
The company updated its FY2024 EPS guidance to a range of $3.93 to $4.00 on a GAAP basis and $4.08 to $4.15 on a non-GAAP basis. Brady also repurchased 863,365 shares for $50.4 million and distributed $11.2 million in dividends. CEO Russell Shaller emphasized the impact of new product launches and ongoing investments in R&D.
Brady (NYSE: BRC) announced on May 20, 2024, that its Board of Directors has declared a dividend of $0.235 per share for its Class A Common Stock. The dividend will be payable on July 31, 2024, to shareholders on record as of July 10, 2024.
Brady , established in 1914 and headquartered in Milwaukee, Wisconsin, specializes in manufacturing and marketing solutions for safety and productivity. The company serves various sectors including electronics, telecommunications, manufacturing, and aerospace, and employs around 5,600 people globally. In fiscal 2023, Brady reported sales of approximately $1.33 billion.
Brady’s stock is listed on the New York Stock Exchange under the symbol BRC. Additional details are available at www.bradyid.com.
Brady (NYSE: BRC) will release its fiscal 2024 third-quarter financial results on May 22, 2024. A conference call will be held at 10:30 a.m. Eastern Time. Participants can access the webcast live and in replay.
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