secwatch.observer — SEC 8-K summary
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Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0000746598-23-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brady Q4 EPS $1.00 record; dividend raised; $100M buyback; FY24 guide $3.70-$3.95
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659823000056/0000746598-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659823000056/brc-20230830.htm
  HTML page:      https://secwatch.observer/filing/0000746598-23-000056

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