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Oct 31, 2023
Brady Q1 2024 Earnings Report
Brady's financial results for the first quarter of fiscal 2024 were reported.
Key Takeaways
Brady Corporation reported a 2.9% increase in sales, driven by organic growth and favorable foreign currency translation. Diluted EPS increased by 22.8% to $0.97. The company returned $25.5 million to shareholders through dividends and share repurchases.
Sales increased by 2.9 percent, with organic sales up by 2.7 percent.
Gross profit margin improved to 51.7 percent compared to 48.1 percent in the same quarter of the previous year.
Diluted EPS increased by 22.8 percent to $0.97, while Diluted EPS Excluding Certain Items increased by 19.0 percent to $1.00.
The company returned $25.5 million to shareholders through dividends and share repurchases.
Forward Guidance
The Company’s GAAP earnings per diluted Class A Nonvoting Common Share guidance for the year ending July 31, 2024 remains unchanged at $3.70 to $3.95 per share, and the Company’s Diluted EPS Excluding Certain Items* guidance for the year ending July 31, 2024 also remains unchanged at $3.85 to $4.10 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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