earnings
confidence high
sentiment positive
materiality 0.75
Brady Corp Q3 fiscal 2023 EPS record $0.96, raises low end of adjusted EPS guidance
BRADY CORP
- Diluted EPS $0.96 (record), +23.1% YoY; adjusted EPS $0.95, +10.5% YoY.
- Sales $337.1M, -0.4% overall; organic sales +1.9% with Americas & Asia +1.2% and Europe & Australia +3.4% organic.
- Operating cash flow $72.5M, +77.2% YoY; net cash position $84.2M at April 30.
- GAAP EPS guidance raised to $3.32-$3.47; non-GAAP EPS guidance low end raised to $3.45-$3.60.
- Company reorganized into two segments: Americas & Asia and Europe & Australia.