Brady Q2 EPS $0.76 beats prior year; raises low end of FY2023 guidance

BRADY CORP

Sales $326.2M (+2.6% total, +6.3% organic); GAAP diluted EPS $0.76 vs $0.65 (+16.9%).
Adjusted diluted EPS $0.81 vs $0.70 (+15.7%); operating cash flow $29.4M vs -$3.2M.
Raised FY2023 GAAP EPS guidance low end to $3.23-$3.43; adjusted to $3.40-$3.60.
Identification Solutions organic sales +7.4%; Workplace Safety organic +2.8%.
Reorganizing into Americas & Asia and Europe & Australia segments next quarter.

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 six-month period ended January 31, 2023 results: revenue $648.8 million, net income $77.4 million, EPS $1.55. Guidance raised.

Period: six-month period ended January 31, 2023
Revenue: $648.8 million
Net income: $77.4 million
EPS: $1.55
Guidance: raised
Result: reported results

Exact text from the filing

which consisted of an organic sales increase of 6.6 percent and a decrease of 5.1 percent from foreign currency translation. Sales for the six months ended January 31, 2023 were $648.8 million compared to $639.5 million in the same period last year. By segment, sales increased 3.7 percent in Identification Solutions and decreased 6.3 percent in Workplace Safety, which

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRADY CORP reported fiscal 2023 second quarter ended January 31, 2023 results: revenue $326.2 million, net income $38.0 million, EPS $0.76. Guidance raised.

Period: fiscal 2023 second quarter ended January 31, 2023
Revenue: $326.2 million
Net income: $38.0 million
EPS: $0.76
Guidance: raised
Result: reported results

Exact text from the filing

which consisted of an organic sales increase of 6.3 percent and a decrease of 3.7 percent from foreign currency translation. Sales for the quarter ended January 31, 2023 were $326.2 million compared to $318.1 million in the same quarter last year. By segment, sales increased 4.4 percent in Identification Solutions and decreased 3.4 percent in Workplace Safety, which

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Source: SEC EDGAR

accession 0000746598-23-000012

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