Brady Q2 2024 Earnings Report
Key Takeaways
Brady Corporation reported a decrease in sales by 1.1 percent, but organic sales increased by 1.6 percent. Diluted EPS increased by 18.4 percent to $0.90, and net cash from operating activities increased to $36.1 million. The company raised the low end of its full-year earnings guidance.
Sales decreased by 1.1 percent, with organic sales up by 1.6 percent.
Gross profit margin increased to 50.2 percent compared to 48.0 percent in the prior year.
Diluted EPS increased by 18.4 percent to $0.90.
Net cash provided by operating activities increased to $36.1 million.
Brady
Brady
Forward Guidance
The Company raised the low end of its GAAP earnings per diluted Class A Nonvoting Common Share guidance for the year ending July 31, 2024 from the previous guidance range of $3.70 to $3.95 per share to the new full year guidance range of $3.80 to $3.95 per share. The Company also raised the low end of its Diluted EPS Excluding Certain Items* guidance for the year ending July 31, 2024 from the previous range of $3.85 to $4.10 per share to the new full year guidance range of $3.95 to $4.10 per share.