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.
Stay informed about Brady Corporation's latest developments in industrial identification and workplace safety solutions. This news feed aggregates articles, press releases, and updates covering Brady's product innovations, business expansion, financial results, and strategic initiatives in the identification and safety products industry.
Brady Corporation operates through two business segments serving global markets. The Identification Solutions segment produces industrial label printers, barcode systems, and identification products for manufacturing, healthcare, and laboratory applications. The Workplace Safety segment manufactures lockout/tagout devices, safety signs, pipe markers, and compliance products distributed through catalog and digital channels to maintenance and operations professionals.
News coverage includes product launches such as new industrial printer models and safety management software updates, strategic acquisitions that expand Brady's technology capabilities and market reach, financial reporting including quarterly earnings and guidance updates, regulatory developments affecting workplace safety and identification standards, industry trends in industrial safety, automation, and asset tracking technologies, and partnership announcements with distributors and technology providers. Monitor this feed for insights into Brady's performance within the competitive industrial identification and workplace safety markets, including developments that may impact the company's growth trajectory and market position.
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.
Brady Corporation (NYSE: BRC) reported its second quarter financial results for fiscal 2021, revealing a 7% decline in income before taxes to $39.4 million. Net income decreased 8% to $30.9 million, with diluted EPS at $0.59, down from $0.62 the previous year. Sales dropped 3.9% to $265.8 million, attributed mainly to a 6.3% decline in organic sales. However, net cash from operations rose significantly to $36.1 million. Guidance for full-year EPS is set at $2.48 to $2.58, reflecting a positive outlook for organic growth.
On February 17, 2021, Brady Corporation's Board of Directors declared a quarterly dividend of $0.22 per share on its Class A Common Stock. The dividend is payable on April 30, 2021, to shareholders of record as of the close of business on April 9, 2021. Brady Corporation, an international manufacturer, reported fiscal 2020 sales of approximately $1.08 billion and serves a diverse customer base in multiple industries.
Brady Corporation (NYSE: BRC) is set to announce its fiscal 2021 second quarter financial results on February 18, 2021. A conference call will commence at 10:30 a.m. Eastern Time. Interested parties can access the live webcast and subsequent replay through the company's investor relations page. Brady, founded in 1914 and headquartered in Milwaukee, is known for its diverse solutions that enhance safety, security, and productivity across multiple industries. In fiscal 2020, the company reported sales of approximately $1.08 billion.
Brady Corporation (NYSE: BRC) reported a 1.6% increase in income before taxes to $42.2 million for Q1 fiscal 2021, but net income fell 10.7% to $33.5 million. Diluted EPS decreased to $0.64 from $0.70 last year. Overall sales declined 3.4% to $277.2 million, driven by a 4.9% organic decline. Workplace Safety saw 9.8% growth, while Identification Solutions fell 7.8%. Operating cash flow surged 61.8% to $62.8 million. The company maintains a strong financial position with $256.3 million in cash and no debt.
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