Brady Corp Stock Price, News & Analysis

Brady Corporation (NYSE: BRC) announced the resignation of Chief Financial Officer and Treasurer Aaron J. Pearce, effective April 14, 2023, to explore new opportunities. Ann E. Thornton, previously the Chief Accounting Officer and Corporate Controller, has been appointed as his successor. CEO Russell R. Shaller expressed gratitude for Pearce’s nearly twenty years of leadership and highlighted Thornton's extensive experience within the company, indicating a seamless transition.

Brady specializes in manufacturing and marketing solutions that enhance safety, security, and productivity across various industries including electronics and medical sectors. The company generated approximately $1.30 billion in sales for fiscal 2022 and employs about 5,700 people globally.

PDC has secured a three-year contract with Vizient, Inc., effective March 1, 2023, to provide its extensive range of medical labels to Vizient members. This contract enhances access to the industry's largest medical label portfolio, which includes pharmacy, laboratory, and anesthesia labels. The agreement allows Vizient members to achieve increased savings while optimizing their supply chain, stabilizing pricing, and mitigating supply chain disruptions. PDC aims to enhance patient safety and operational efficiency for healthcare providers, reinforcing its commitment to delivering comprehensive patient identification solutions.

Brady Corporation (NYSE: BRC) has announced recast historical financial data for fiscal years 2021, 2022, and the first two quarters of fiscal 2023 following the introduction of two new operating segments: Americas & Asia and Europe & Australia. This regional structure aims to enhance business integration, support growth through optimized strategies, and facilitate new product development from recent acquisitions. The Company anticipates an earnings improvement of $0.10 to $0.20 per diluted Class A Common Share starting in fiscal 2024, largely offsetting one-time severance costs in fiscal 2023. The recast does not affect previously reported financial metrics.

Brady Corporation (NYSE: BRC) reported a 2.6% increase in sales for Q2 fiscal 2023, amounting to $326.2 million. Organic sales grew 6.3%, while foreign currency effects reduced sales by 3.7%. Diluted EPS rose 16.9% to $0.76, with adjusted EPS increasing 15.7% to $0.81. Operating cash flow improved significantly, reaching $29.4 million. The company also raised its earnings guidance for the fiscal year to $3.23 to $3.43 per diluted share. Brady's strong performance in the Identification Solutions segment and disciplined capital allocation strategy highlight its positive outlook amid macroeconomic uncertainties.

On February 21, 2023, Brady Corporation's Board of Directors declared a dividend of $0.23 per share for its Class A Common Stock. This dividend is scheduled for payment on April 28, 2023, to shareholders of record by April 10, 2023. Based in Milwaukee, Brady is recognized as an international manufacturer specializing in safety, security, and efficiency solutions across various industries. For fiscal 2022, the company reported sales of approximately $1.30 billion and employs around 5,700 people globally. Brady trades under the ticker symbol BRC on the New York Stock Exchange.

Brady Corporation (NYSE: BRC) is set to announce its fiscal 2023 Q2 financial results on February 24, 2023, with a conference call scheduled for 10:30 a.m. ET. The call will be accessible via a live webcast and replay. Founded in 1914, Brady manufactures solutions that enhance safety and productivity across various industries, including electronics and healthcare. With revenues of approximately $1.30 billion in fiscal 2022, Brady employs about 5,700 people worldwide. For more details, visit www.bradycorp.com.

Brady Corporation (NYSE: BRC) announced a change in its organizational structure, effective February 1, 2023, transitioning to two new regional operating segments: Americas & Asia and Europe & Australia. This strategic move aims to enhance sales growth by leveraging operational synergies and better aligning with geographic opportunities. The company expects an earnings improvement of $0.10 to $0.20 per share starting in fiscal 2024, despite one-time severance costs in fiscal 2023. Financial results for prior periods will be recast accordingly to ease investor transition.

Brady Corporation (NYSE: BRC) reported a 0.3% increase in sales for the first quarter of fiscal 2023, totaling $322.6 million. Organic sales rose 6.9%, while foreign currency effects decreased sales by 6.6%. Diluted EPS increased 17.9% to $0.79. The Identification Solutions segment saw a 3.1% sales rise, but Workplace Safety declined by 9.1%. The company returned $23.4 million to shareholders through dividends and repurchases. Fiscal 2023 EPS guidance remains unchanged at $3.13 to $3.43.

Brady Corporation (NYSE: BRC) announced at its annual meeting on November 16, 2022, that shareholders unanimously elected the Board of Directors for a one-year term. New members include executives from various industries, enhancing the board's expertise. In addition, a dividend of $0.23 per share was declared for Class A Common Stock, scheduled for payment on January 31, 2023, to record shareholders as of January 10, 2023. For fiscal 2022, Brady reported sales of approximately $1.30 billion, supporting its position as a significant player in safety and identification solutions.