earnings
confidence high
sentiment positive
materiality 0.75
Brady posts record Q3 EPS of $1.05; raises FY2024 guidance
BRADY CORP
- Q3 GAAP EPS $1.05 (record), +9.4% YoY; adjusted EPS $1.09, +14.7% YoY.
- Sales $343.4M, +1.9% YoY; organic sales growth 4.5% with 4.5% in Americas & Asia and 4.4% in Europe & Australia.
- Raised FY2024 GAAP EPS guidance to $3.93-$4.00 (from $3.80-$3.95); non-GAAP to $4.08-$4.15.
- Nine-month operating cash flow $171.1M, up from $129.9M in prior year.
- Returned $50.4M in share buybacks and $11.2M in dividends in Q3.