Brady Q3 2022 Earnings Report
Key Takeaways
Brady Corporation reported strong Q3 results with a 14.6% increase in sales and record non-GAAP EPS. The company also raised its full-year non-GAAP EPS guidance and expanded its share buyback program.
Sales for the quarter increased 14.6 percent, driven by Identification Solutions.
Organic sales increased 9.0 percent.
Gross profit margin improved to 48.4 percent.
Diluted EPS increased 9.9 percent to $0.78, a new record, and non-GAAP EPS increased 17.8 percent to $0.86.
Brady
Brady
Brady Revenue by Segment
Forward Guidance
The Company’s earnings per diluted Class A Nonvoting Common Share on a GAAP basis was adjusted to a range of $2.83 to $2.92 per share, and earnings per diluted Class A Nonvoting Common Share, Excluding Certain Items* guidance was increased to a range of $3.08 to $3.17 per share, for the year ending July 31, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income