Brady Corporation Recasts Historical Financial Data for New Operating Segments

BRADY CORP

Recast segment data for fiscal 2021, 2022, and first two quarters of fiscal 2023 under new regional structure.
New operating segments: Americas & Asia and Europe & Australia, effective Q3 fiscal 2023.
Expects EPS improvement of $0.10 to $0.20 per diluted Class A share beginning primarily in fiscal 2024.
One-time severance charges expected to be largely offset by reduced costs in fiscal 2023.
Recast does not restate previously issued financial statements or affect net income or EPS.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRADY CORP reported fiscal 2024 results: EPS improvement of approximately $0.10 to $0.20 of Earnings per diluted Class A Common Share. Guidance initiated.

Period: fiscal 2024
EPS: improvement of approximately $0.10 to $0.20 of Earnings per diluted Class A Common Share
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company expects that the change to a regional structure will result in an improvement of approximately $0.10 to $0.20 of Earnings per diluted Class A Common Share beginning primarily in fiscal 2024.

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Source: SEC EDGAR

accession 0000746598-23-000015

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