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Jan 31, 2023
Brady Q2 2023 Earnings Report
Brady's financial data was recast to reflect the company's regional operating structure.
Key Takeaways
Brady Corporation announced a recast of its historical financial data for fiscal years 2021, 2022, and the first two quarters of fiscal 2023 to reflect the new operating segments: Americas & Asia and Europe & Australia.
The recast reflects a shift to a regional operating structure effective in Q3 2023.
The change aims to integrate businesses and support growth through optimized go-to-market strategies.
The company anticipates an improvement of $0.10 to $0.20 in Earnings per diluted Class A Common Share beginning primarily in fiscal 2024.
One-time charges from employee severance are expected to be largely offset by reduced costs in fiscal 2023.