Loading...
•
Oct 31, 2021
Brady Q1 2022 Earnings Report
Brady reported strong first quarter results driven by sales growth and strategic investments.
Key Takeaways
Brady Corporation reported a 16.0% increase in sales for the quarter, driven by a 7.0% organic sales increase and contributions from acquisitions and foreign currency translation. Diluted EPS increased by 4.7% to $0.67, and net income reached $35.0 million. The company's Identification Solutions segment led growth, while Workplace Safety experienced a sales decrease.
Sales increased by 16.0% driven by Identification Solutions division.
Organic sales grew by 7.0%.
Diluted EPS increased by 4.7% to $0.67.
The company returned $30.5 million to shareholders through dividends and buybacks.
Forward Guidance
The Company’s earnings per diluted Class A Nonvoting Common Share, excluding amortization guidance for the year ending July 31, 2022 remains unchanged at $3.12 to $3.32 per share, and earnings per diluted Class A Nonvoting Common Share on a GAAP basis remains unchanged at $2.90 to $3.10 per share. Included in this guidance is a full-year income tax rate of approximately 20 percent, depreciation and amortization expense ranging from $34 million to $36 million, and sales growth in excess of 12 percent for the year ending July 31, 2022.
Positive Outlook
- Earnings per diluted Class A Nonvoting Common Share, excluding amortization guidance for the year ending July 31, 2022 remains unchanged at $3.12 to $3.32 per share
- Earnings per diluted Class A Nonvoting Common Share on a GAAP basis remains unchanged at $2.90 to $3.10 per share.
- Full-year income tax rate of approximately 20 percent.
- Depreciation and amortization expense ranging from $34 million to $36 million.
- Sales growth in excess of 12 percent for the year ending July 31, 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...