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8-K filed November 17, 2022, 6:59 PM ET ticker BRC CIK 0000746598
earnings confidence high sentiment positive materiality 0.70

Brady Q1 FY2023 EPS $0.79 (+17.9%); organic sales up 6.9%

BRADY CORP

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRADY CORP reported its fiscal 2023 first quarter ended October 31, 2022 results: revenue $322.6 million, net income $39.4 million, EPS $0.79. Guidance reaffirmed.

Period
its fiscal 2023 first quarter ended October 31, 2022
Revenue
$322.6 million
Net income
$39.4 million
EPS
$0.79
Guidance
reaffirmed
Result
reported results
Exact text from the filing
Sales for the quarter ended October 31, 2022 were $322.6 million compared to $321.5 million in the same quarter last year. By segment, sales increased 3.1 percent in Identification Solutions and decreased 9.1 percent in Workplace Safety, which consisted of an organic sales increase of 8.6 percent in Identification Solutions and an organic sales increase of 1.2 percent in Workplace Safety. Income before income taxes increased 12.6 percent to $50.3 million for the quarter ended October 31, 2022, compared to $44.7 million in the same quarter last year. Income Before Income Taxes Excluding Certain Items* for the quarter ended October 31, 2022, which was adjusted for amortization expense of $3.6 million, was $54.0 million, an increase of 11.3 percent compared to the first quarter of last year. Net income for the quarter ended October 31, 2022 was $39.4 million compared to $35.0 million in the same quarter last year. Earnings per diluted Class A Nonvoting Common Share were $0.79 in the first
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

BRADY CORP shareholders approved Election of Directors (unanimous vote for all nominees) at the 2022-11-16 meeting.

Proposal
director election
Outcome
passed
Meeting
2022-11-16
Exact text from the filing
On November 16, 2022, at the Company's Annual Shareholders' Meeting, the holders of all of the 3,538,628 shares of the Company's Class B Common Stock voted unanimously in favor of electing the following persons to serve as the Company's directors until the next annual meeting of shareholders and until their successors have been elected: Patrick W. Allender David S. Bem Elizabeth P. Bruno Joanne Collins Smee Nancy L. Gioia Vineet Nargolwala Bradley C. Richardson Russell R. Shaller Michelle E. Williams
View on SEC.gov

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Source: SEC EDGAR
accession 0000746598-22-000146
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