secwatch.observer — SEC 8-K summary
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Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000746598-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brady Q2 EPS up 18.4% to $0.90; raises low end of FY2024 guidance
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- GAAP diluted EPS $0.90 (up 18.4% YoY); adjusted EPS $0.93 (up 14.8% YoY).
- Sales $322.6M, down 1.1% total but organic sales up 1.6%; gross margin expanded to 50.2% from 48.0%.
- Raised low end of FY2024 GAAP EPS guidance to $3.80-$3.95 (prev $3.70-$3.95); adjusted EPS guidance $3.95-$4.10.
- Operating cash flow $36.1M vs $29.4M last year; net cash position $95.8M after $60.8M capex incl. facility purchase.
- Europe & Australia sales grew 4.5% (organic +2.5%); Americas & Asia sales declined 3.8% (organic +1.2%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659824000008/0000746598-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659824000008/brc-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000746598-24-000008

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