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Jul 31, 2024
Brady Q4 2024 Earnings Report
Reported record EPS and expanded share buyback program
Key Takeaways
Brady Corporation reported a decrease in sales by 0.7 percent, but achieved a record high EPS of $1.15 in Q4 2024. The company's board authorized an additional $100 million for share repurchases and announced its fiscal 2025 EPS guidance.
Diluted EPS increased 15.0 percent to a record high of $1.15.
Gross profit margin increased to 51.6 percent.
Board of Directors authorized an additional $100 million for share repurchase.
Sales decreased 0.7 percent, with organic sales growth of 1.6 percent offset by foreign currency and divestitures.
Revenue by Geographic Location
Forward Guidance
The Company expects GAAP earnings per diluted Class A Nonvoting Common Share to range from $4.15 to $4.45 and Diluted EPS Excluding Certain Items* to range from $4.40 to $4.70 for the year ending July 31, 2024.
Positive Outlook
- GAAP earnings per diluted Class A Nonvoting Common Share to range from $4.15 to $4.45, which would be an increase of 2.0 percent to 9.3 percent over GAAP earnings per diluted Class A Nonvoting Common Share of $4.07 for the year ended July 31, 2024.
- Diluted EPS Excluding Certain Items* to range from $4.40 to $4.70 for the year ending July 31, 2024, which would be an increase of 4.3 percent to 11.4 percent over Diluted EPS Excluding Certain Items* of $4.22 for the year ended July 31, 2024.
- Full-year income tax rate of approximately 20 percent.
- Depreciation and amortization expense ranging from $38 million to $40 million.
- Capital expenditures are expected to approximate $35 million.
Challenges Ahead
- Guidance is based upon foreign currency exchange rates as of July 31, 2024.
- Guidance assumes continued economic growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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