---
schema_version: "secwatch.filing_event.v1"
accession: "0000746598-23-000133"
form_type: "8-K"
ticker: "BRC"
cik: "0000746598"
company_name: "BRADY CORP"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:41:53.236942+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Brady Q1 EPS $0.97 beats prior year; organic sales +2.7%; guidance reaffirmed

## Summary
- Sales $332.0M (+2.9% YoY); organic +2.7% with Americas & Asia +3.3% and Europe & Australia +1.4%
- GAAP diluted EPS $0.97 (+22.8% YoY); adjusted EPS $1.00 (+19.0% YoY)
- Gross margin expanded to 51.7% from 48.1%; operating income $59.4M (+18%)
- Returned $25.5M to shareholders via dividends and share repurchases in Q1
- FY2024 guidance unchanged: GAAP EPS $3.70-$3.95; adjusted EPS $3.85-$4.10; capex ~$75M

## SEC filing metadata
- accession: 0000746598-23-000133
- form_type: 8-K
- ticker: BRC
- cik: 0000746598
- company_name: BRADY CORP
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746598/000074659823000133/0000746598-23-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746598/000074659823000133/brc-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746598-23-000133
- JSON: https://secwatch.observer/filing/0000746598-23-000133.json
- Plain text: https://secwatch.observer/filing/0000746598-23-000133.txt

## Key facts
- Earnings Releases
  BRADY CORP reported fiscal 2024 first quarter ended October 31, 2023 results: revenue $332.0 million, net income $47.2 million, EPS $0.97. Guidance reaffirmed.
  - Period: fiscal 2024 first quarter ended October 31, 2023
  - Revenue: $332.0 million
  - Net income: $47.2 million
  - EPS: $0.97
  - Guidance: reaffirmed
  - Result: reported results
  source text: of one business in the prior fiscal year as well as the divestiture of another non-core business in the current quarter. Sales for the quarter ended October 31, 2023 were $332.0 million compared to $322.6 million in the same quarter last year. By region, sales increased 1.4 percent in the Americas & Asia and increased 6.0 percent in Europe & Australia, which
  evidence_url: https://www.sec.gov/Archives/edgar/data/746598/000074659823000133/0000746598-23-000133-index.htm
- Shareholder Votes
  BRADY CORP shareholders approved Election of directors at the 2023-11-15 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-11-15
  source text: On November 15, 2023, at the Company’s Annual Shareholders’ Meeting, the holders of all of the 3,538,628 shares of the Company’s Class B Common Stock voted unanimously in favor of electing the following persons to serve as the Company’s directors until the next annual meeting of shareholders and until their successors have been elected: Patrick W. Allender David S. Bem Elizabeth P. Bruno Joanne Collins Smee Nancy L. Gioia Vineet Nargolwala Bradley C. Richardson Russell R. Shaller Michelle E. Williams
  evidence_url: https://www.sec.gov/Archives/edgar/data/746598/000074659823000133/0000746598-23-000133-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.