earnings
confidence high
sentiment positive
materiality 0.75
Brady Q4 EPS $1.00 record; dividend raised; $100M buyback; FY24 guide $3.70-$3.95
BRADY CORP
- Sales $345.9M (+6.8% YoY, organic +6.9%); diluted EPS $1.00 record, up 23.5% YoY; adjusted EPS $1.04 record.
- Board increased annual dividend to $0.94 per share ($0.235 quarterly), 38th consecutive increase; payable Oct 31 to Oct 10 record.
- Board authorized additional $100M share repurchase; FY23 returned $120.4M to shareholders via dividends and buybacks.
- FY24 GAAP EPS guidance $3.70-$3.95; non-GAAP $3.85-$4.10; capex ~$75M including $55M facility construction.
- Q4 Americas & Asia sales +4.4%, Europe & Australia +11.5%; full-year organic sales +5.5%.