Brady Corp Stock Price, News & Analysis

Code Corporation has launched CodeQR, a free smartphone app for scanning QR and UPC barcodes, emphasizing strong data privacy and security. Unlike competitors, CodeQR does not capture or transmit confidential information, ensuring user safety from potential data exploitation and malware. The app collects only anonymized analytics for performance improvement. Brian Lampright, Senior Product Manager, highlights the app's reliability and encourages both businesses and consumers to use it confidently. Code Corporation, part of Brady Corporation (NYSE: BRC), has over 20 years of experience in data capture innovation.

Brady Corporation (NYSE: BRC) has acquired The Code Corporation for approximately $173 million, funded through cash and existing credit. Code is projected to generate nearly $50 million in sales for Brady’s first full fiscal year ending July 31, 2022, with estimated EBITDA of around $10 million, factoring in integration costs. Code specializes in barcode readers and scanning software primarily in the healthcare sector, and this acquisition is expected to expand Brady's market presence and service offerings in industrial track-and-trace applications globally.

Brady Corporation (NYSE: BRC) has acquired The Code Corporation for approximately $173 million, funded through cash and existing credit lines. The acquisition is projected to generate sales of about $50 million and EBITDA of $10 million in its first fiscal year ending July 31, 2022. Code specializes in barcode scanners primarily for the healthcare sector, complementing Brady's offerings in industrial printing. The acquisition aims to enhance Brady's position in industrial track-and-trace markets, expand R&D investments, and increase market access globally.

Brady Corporation (NYSE:BRC) announced the retirement of Mr. Conrad Goodkind as Chairman of the Board, effective May 21, 2021, after 37 years of service. Mr. Bradley C. Richardson, a current director since 2007, has been elected as the new Chairman. Richardson, with extensive experience as CFO in various companies and a deep understanding of Brady's strategy, will focus on driving long-term growth through innovation and acquisitions. Brady, headquartered in Milwaukee, reported fiscal 2020 sales of approximately $1.08 billion.

Brady Corporation (NYSE: BRC) has acquired Magicard Limited for approximately GBP 42 million (USD 59 million), funding the deal with cash reserves outside the U.S. Magicard, forecasted to have sales of GBP 23 million (USD 32 million) in 2021, specializes in ID card-printing technologies. The acquisition will enhance Brady's product offerings in rigid-card printing and encoding, allowing for market expansion through its global reach. Brady anticipates the acquisition will slightly boost earnings per diluted share for the remainder of the fiscal year ending July 31, 2021.

Brady Corporation reported strong fiscal 2021 third-quarter results, with pre-tax income more than doubling to $47.8 million from $22.2 million year-over-year. The diluted EPS rose to $0.71 compared to $0.26 the previous year. Sales increased by 11.1%, driven by a 6.5% organic growth and a 4.6% boost from foreign currency effects. Operating cash flow was $56.0 million, up 30.9%. Full-year EPS guidance has improved to $2.58 to $2.68, reflecting optimism for continued growth.

Brady Corporation (NYSE: BRC) announced a quarterly dividend of $0.22 per share for its Class A Common Stock. This dividend will be payable on July 30, 2021, to shareholders of record by the close of business on July 9, 2021. Brady, headquartered in Milwaukee, is a manufacturer of safety and identification solutions, serving various industries and generating sales of approximately $1.08 billion in fiscal 2020. The company employs around 5,400 people globally.

Brady Corporation (NYSE: BRC) will release its fiscal 2021 third quarter financial results on May 20, 2021. A conference call to discuss these results is scheduled for 10:30 a.m. Eastern Time on the same day. Investors can access the live webcast at bradycorp.com/investors. Founded in 1914 and headquartered in Milwaukee, Brady offers solutions that enhance safety and productivity across various industries, reporting fiscal 2020 sales of approximately $1.08 billion.

Brady Corporation (NYSE: BRC) has announced a definitive agreement to acquire Nordic ID Oyj for EUR 3.30 per share, totaling approximately EUR 8.1 million. The acquisition aims to enhance Brady's RFID product offerings and expand its market presence. Brady plans to maintain Nordic ID's headquarters in Finland, focusing on accelerating R&D and product development. The transaction is expected to slightly dilute earnings per share for the current fiscal year but is anticipated to close in the fourth quarter of fiscal 2021.