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Oct 31, 2022
Brady Q1 2023 Earnings Report
Brady's financial performance was driven by strong organic sales growth and effective execution.
Key Takeaways
Brady Corporation reported a slight increase in sales, driven by strong organic growth in both Identification Solutions and Workplace Safety segments. The company's earnings per share also increased, reflecting improved profitability and effective cost management.
Sales increased by 0.3 percent, with organic sales up by 6.9 percent.
Diluted EPS increased by 17.9 percent to $0.79.
Identification Solutions segment saw a sales increase of 3.1 percent.
Workplace Safety segment experienced a sales decrease of 9.1 percent but profit increased by more than 175 percent.
Forward Guidance
The Company’s GAAP earnings per diluted Class A Nonvoting Common Share guidance for the year ending July 31, 2023 remains unchanged at $3.13 to $3.43 per share, and the Company’s Diluted EPS Excluding Certain Items* guidance for the year ending July 31, 2023 also remains unchanged at $3.30 to $3.60 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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