earnings
confidence high
sentiment positive
materiality 0.80
Brady Reports Record Non-GAAP EPS $0.86; Raises FY22 Non-GAAP Guidance to $3.08-$3.17
BRADY CORP
- Sales $338.6M, up 14.6% (organic +9.0%); ID Solutions sales +21.1%.
- Record GAAP EPS $0.78, non-GAAP EPS $0.86 (+17.8% YoY).
- Board authorized $100M share buyback; Q3 repurchased $63.2M (1.4M shares).
- FY22 GAAP EPS guidance adjusted to $2.83-$2.92; non-GAAP raised to $3.08-$3.17.
- Gross margin improved to 48.4% from 47.0% sequentially; net cash $26.1M.