Brady Corp. to reorganize into two regional segments effective Feb 1, 2023

BRADY CORP

New segments: Americas & Asia (led by Olivier Bojarski) and Europe & Australia (led by Brett Wilms).
Expects EPS improvement of $0.10 to $0.20 beginning fiscal 2024; one-time severance costs offset by savings.
Will recast prior segment results for fiscal 2021 through Q2 FY2023 to aid investor transition.
President & CEO Russell Shaller cites synergy and go-to-market advantages as primary drivers.

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