earnings
confidence high
sentiment neutral
materiality 0.85
Brady Q2 sales +19.6% to $318M; adjusted EPS $0.70; FY guidance lowered to $3.00-$3.15
BRADY CORP
- Q2 sales $318.1M (+19.6% YoY); organic sales +13.1%; Identification Solutions growth +26.1%.
- Diluted EPS $0.65 (+10.2% YoY); adjusted diluted EPS $0.70 (+14.8% YoY).
- FY 2022 adjusted EPS guidance lowered to $3.00-$3.15 (from $3.12-$3.32) due to inflation and FX headwinds.
- Returned $14.5M to shareholders in Q2 via dividends and buybacks; net cash $64.4M at quarter end.
- Workplace Safety segment returned to organic growth (+5.2%) one quarter ahead of expectations.