earnings
confidence high
sentiment positive
materiality 0.85
Brady Q4 record GAAP EPS $0.81 (+52.8% YoY); FY23 guidance $3.13-$3.43; dividend raised 2.2%
BRADY CORP
- Q4 sales $324M (+5.8% total, +9.0% organic); gross margin 50.4% vs 48.2% prior year.
- Q4 diluted GAAP EPS $0.81 (record high); adjusted EPS $0.87 (+16% YoY).
- Full-year sales $1.30B (+13.7%), GAAP EPS $2.90, adjusted EPS $3.15.
- FY2023 GAAP EPS guidance $3.13-$3.43; adjusted $3.30-$3.60; assumes ~20% tax rate.
- Annual dividend increased to $0.92/share (37th consecutive annual increase); quarterly $0.23 payable Oct 28, 2022.