BRADY CORP incurred credit facility of $1.0 billion, consisting of a $500 million term loan facility and a $500 million revolving credit facility with BMO Bank N.A., as administrative agent, swing line lender and letter of credit issuer, and Bank of America, N.A., as syndication agent and letter of credit issuer at base interest rate ... or a term benchmark or risk-free interest rate ... plus a maturing June 12, 2031.
“Markets LLC, and Wells Fargo Bank, National Association acted as joint lead arrangers and joint bookrunners. The Credit Agreement provides for an aggregate principal amount of $1.0 billion, consisting of a $500 million term loan facility and a $500 million revolving credit facility. The Credit Agreement replaced and terminated the Company’s previous credit”
“The Credit Agreement replaced and terminated the Company’s previous credit agreement, which had been entered into on August 1, 2019.”
Material Agreements
BRADY CORP entered into Credit Agreement with BMO Bank N.A., as administrative agent, swing line lender and letter of credit issuer, and Bank of America, N.A., as syndication agent and letter of credit issuer valued at $1.0 billion (effective 2026-06-12).
“On June 12, 2026, in connection with its pending acquisition of Honeywell International Inc.’s Productivity Solutions and Services business (“PSS”), Brady Corporation (the “Company”) and certain of its subsidiaries entered into a Credit Agreement (the “Credit Agreement”) with a group of lenders party thereto, BMO Bank N.A., as administrative agent, swing line lender and letter of credit issuer, and Bank of America, N.A., as syndication agent and letter of credit issuer.”
Vineet Nargolwala was appointed as President and Chief Executive Officer at BRADY CORP.
“The Company also announced that, as of June 8, 2026, Vineet Nargolwala has been appointed President and Chief Executive Officer.”
Russell R. Shaller departed as President and Chief Executive Officer at BRADY CORP.
“On June 8, 2026, Brady Corporation (the “Company”) announced that Russell R. Shaller will be retiring as the Company’s President and Chief Executive Officer, effective June 8, 2026 (the “Effective Date”).”
Earnings Releases
BRADY CORP reported the full year ending July 31, 2026 results: EPS Adjusted Diluted EPS* Guidance was raised for the full year ending July 31, 2026 from the previous range of $4.95 to $5.. Guidance raised.
“Adjusted Diluted EPS* Guidance was raised for the full year ending July 31, 2026 from the previous range of $4.95 to $5.15 per share to the new range of $5.20 to $5.30 per share”
Earnings Releases
BRADY CORP reported the nine-month period ended April 30, 2026 results: revenue $1.22 billion, net income $159.8 million, EPS $3.35. Guidance raised.
“of 4.3 percent, growth of 2.5 percent from acquisitions and an increase of 2.9 percent from foreign currency translation. Sales for the nine months ended April 30, 2026 were $1.22 billion compared to $1.12 billion in the same period last year. By region, sales increased 10.6 percent in the Americas & Asia and sales increased 8.0 percent in Europe & Australia,”
Earnings Releases
BRADY CORP reported its fiscal 2026 third quarter ended April 30, 2026 results: revenue $435.2 million, net income $57.8 million, EPS $1.21. Guidance raised.
“growth of 8.2 percent, growth of 2.1 percent from acquisitions and an increase of 3.5 percent from foreign currency translation. Sales for the quarter ended April 30, 2026 were $435.2 million compared to $382.6 million in the same quarter last year. By region, sales increased 14.4 percent in the Americas & Asia and sales increased 12.6 percent in Europe & Australia,”
Anne De Greef-Safft resigned as Member of the Board of Directors at BRADY CORP.
“On May 6, 2026, Deidre E. Cusack and Anne De Greef-Safft notified Brady Corporation (the "Company") of their respective resignations from the Company’s Board of Directors effective May 8, 2026.”
Deidre E. Cusack resigned as Member of the Board of Directors at BRADY CORP.
“On May 6, 2026, Deidre E. Cusack and Anne De Greef-Safft notified Brady Corporation (the "Company") of their respective resignations from the Company’s Board of Directors effective May 8, 2026.”
Material Agreements
BRADY CORP entered into Debt Commitment Letter with BMO Capital Markets valued at up to $1.8 billion (effective 2026-04-20).
“Concurrently with the entry into the Purchase Agreement, the Purchaser entered into a debt commitment letter (the “Debt Commitment Letter”) with BMO Capital Markets. Pursuant to the Debt Commitment Letter, BMO Capital Markets has committed to provide bridge facilities in an aggregate principal amount of up to $1.8 billion, consisting of a $1 billion Tranche A facility and an $800 million Tranche B facility.”
Material Agreements
BRADY CORP entered into Equity Purchase Agreement with Honeywell International Inc. valued at $1.4 billion in cash (effective 2026-04-20).
“On April 20, 2026, Brady Corporation (the “Company”) and its wholly owned subsidiary, Brady Worldwide, Inc. (the “Purchaser”), entered into an Equity Purchase Agreement (the “Purchase Agreement”) with Honeywell International Inc. (the “Seller”). Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, the Purchaser will acquire the Seller’s Productivity Solutions and Services business (“PSS business”), a global manufacturer and provider of integrated mobile computing, scanning, printing, and software solutions, for a base purchase price of $1.4 billion in cash (the “Transaction”).”
Anne De Greef-Safft was elected as Director at BRADY CORP.
“On February 25, 2025, the Board of Directors of Brady Corporation (the “Company”) elected Anne De Greef-Safft to join the Board of Directors, effective immediately.”
Deidre Cusack was elected as Board Member at BRADY CORP.
“On September 4, 2024, the Board of Directors of the Company elected Deidre Cusack to join the Board of Directors, effective immediately.”
Thomas DeBruine was appointed as Chief Operating Officer at BRADY CORP.
“appointed Thomas DeBruine to serve as Chief Operating Officer, effective June 3, 2024”
Christopher Hix was elected as Director at BRADY CORP.
“On May 20, 2024, the Board of Directors of Brady Corporation (the “Company”) elected Christopher Hix to join the Board of Directors, effective May 24, 2024.”
Material Agreements
BRADY CORP entered into Put Option Letter with MML Capital Europe VI II S.A. and other institutional and individual holders (collectively, the "Sellers") valued at approximately EUR 123 million (approximately USD 133 million) (effective 2024-03-15).
“On March 15, 2024, Braton Europe S.A.R.L., a wholly-owned subsidiary of Brady Corporation (the “Company”), entered into a Put Option Letter (the “Put Option Letter”) with MML Capital Europe VI II S.A. and other institutional and individual holders (collectively, the “Sellers”), which own directly or indirectly 100% of the securities issued by Gravotech Holding (“Gravotech”), a French limited liability company (société par actions simplifiée).”
Earnings Releases
BRADY CORP reported six-month period ended January 31, 2024 results: revenue $654.6 million, net income $90.9 million, EPS $1.86. Guidance raised.
“Sales for the six months ended January 31, 2024 were $654.6 million compared to $648.8 million in the same period last year.”
Earnings Releases
BRADY CORP reported its fiscal 2024 second quarter ended January 31, 2024 results: revenue $322.6 million, net income $43.6 million, EPS $0.90. Guidance raised.
“of 1.6 percent, an increase of 0.8 percent from foreign currency translation, and a decrease of 3.5 percent from divestitures. Sales for the quarter ended January 31, 2024 were $322.6 million compared to $326.2 million in the same quarter last year. By region, sales decreased 3.8 percent in the Americas & Asia and sales increased 4.5 percent in Europe & Australia,”
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.
“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”
Shareholder Votes
BRADY CORP shareholders approved Election of directors at the 2023-11-15 meeting.
“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”
Earnings Releases
BRADY CORP reported financial results for the fourth quarter of fiscal 2023.
“On September 5, 2023, Brady Corporation (the “Company”) issued a press release announcing its fiscal 2023 fourth quarter financial results. A copy of the press release is being furnished to the Securities and Exchange Commission as Exhibit 99.1 attached hereto and is incorporated herein by reference.”
Earnings Releases
BRADY CORP reported fiscal 2023 third quarter ended April 30, 2023 results: revenue $337.1 million, net income $48.1 million, EPS $0.96. Guidance raised.
“of 2.1 percent from foreign currency translation and a decrease of 0.2 percent from the divestiture of the PremiSys business. Sales for the quarter ended April 30, 2023 were $337.1 million compared to $338.6 million in the same quarter last year. By region, sales increased 0.1 percent in the Americas & Asia and decreased 1.4 percent in Europe & Australia, which”
Ann Thornton was appointed as Chief Financial Officer, Chief Accounting Officer and Treasurer at BRADY CORP.
“The Company also announced that as of April 14, 2023, Ann Thornton has been appointed as Chief Financial Officer, Chief Accounting Officer and Treasurer.”
Aaron J. Pearce resigned as Chief Financial Officer and Treasurer at BRADY CORP.
“On April 14, 2023, Brady Corporation (the "Company") announced the resignation of Aaron J. Pearce, Chief Financial Officer and Treasurer.”
Earnings Releases
BRADY CORP reported fiscal 2024 results: EPS improvement of approximately $0.10 to $0.20 of Earnings per diluted Class A Common Share. Guidance initiated.
“The Company expects that the change to a regional structure will result in an improvement of approximately $0.10 to $0.20 of Earnings per diluted Class A Common Share beginning primarily in fiscal 2024.”
Earnings Releases
BRADY CORP reported six-month period ended January 31, 2023 results: revenue $648.8 million, net income $77.4 million, EPS $1.55. Guidance raised.
“which consisted of an organic sales increase of 6.6 percent and a decrease of 5.1 percent from foreign currency translation. Sales for the six months ended January 31, 2023 were $648.8 million compared to $639.5 million in the same period last year. By segment, sales increased 3.7 percent in Identification Solutions and decreased 6.3 percent in Workplace Safety, which”
Earnings Releases
BRADY CORP reported fiscal 2023 second quarter ended January 31, 2023 results: revenue $326.2 million, net income $38.0 million, EPS $0.76. Guidance raised.
“which consisted of an organic sales increase of 6.3 percent and a decrease of 3.7 percent from foreign currency translation. Sales for the quarter ended January 31, 2023 were $326.2 million compared to $318.1 million in the same quarter last year. By segment, sales increased 4.4 percent in Identification Solutions and decreased 3.4 percent in Workplace Safety, which”
Brett Wilms was appointed as President – EMEA & Australia at BRADY CORP.
“Effective February 1, 2023, Brady Corporation (the “Company”) appointed Brett Wilms to the role of President – EMEA & Australia.”
Earnings Releases
BRADY CORP reported its fiscal 2023 first quarter ended October 31, 2022 results: revenue $322.6 million, net income $39.4 million, EPS $0.79. Guidance reaffirmed.
“Sales for the quarter ended October 31, 2022 were $322.6 million compared to $321.5 million in the same quarter last year. By segment, sales increased 3.1 percent in Identification Solutions and decreased 9.1 percent in Workplace Safety, which consisted of an organic sales increase of 8.6 percent in Identification Solutions and an organic sales increase of 1.2 percent in Workplace Safety. Income before income taxes increased 12.6 percent to $50.3 million for the quarter ended October 31, 2022, compared to $44.7 million in the same quarter last year. Income Before Income Taxes Excluding Certain Items* for the quarter ended October 31, 2022, which was adjusted for amortization expense of $3.6 million, was $54.0 million, an increase of 11.3 percent compared to the first quarter of last year. Net income for the quarter ended October 31, 2022 was $39.4 million compared to $35.0 million in the same quarter last year. Earnings per diluted Class A Nonvoting Common Share were $0.79 in the first”
Shareholder Votes
BRADY CORP shareholders approved Election of Directors (unanimous vote for all nominees) at the 2022-11-16 meeting.
“On November 16, 2022, 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”
Debt Financings
BRADY CORP amended credit facility of $300 million with a group of six banks at increase the interest rate on certain borrowings by 0.125% maturing November 14, 2027.
“as of August 1, 2019. Amendment No. 2 amends the credit agreement to, among other items, (a) increase the lending commitments by $100 million for total lending commitments of $300 million (b) extend the final maturity date to November 14, 2027, (c) increase the interest rate on certain borrowings by 0.125%, and (d) increase the available amount under the credit”
Material Agreements
BRADY CORP amended Amendment No. 2 with a group of six banks valued at $300 million (effective 2022-11-14).
“On November 14, 2022, Brady Corporation (the “Company”) and certain of its subsidiaries entered into a Second Amendment to Credit Agreement (“Amendment No. 2”) with a group of six banks, which amends the original credit agreement dated as of August 1, 2019.”
Pascal Deman resigned as Vice President, General Manager – Workplace Safety at BRADY CORP.
“Brady Corporation (the “Company”) announced the resignation of Pascal Deman from his position of Vice President, General Manager – Workplace Safety in the Company’s Current Report on Form 8-K filed on October 3, 2022.”
Brett Wilms was appointed as Interim General Manager – Workplace Safety at BRADY CORP.
“Effective October 3, 2022, Brett Wilms will be appointed as Interim General Manager – Workplace Safety.”
Pascal Deman resigned as Vice President, General Manager – Workplace Safety at BRADY CORP.
“On September 30, 2022, Pascal Deman, Vice President, General Manager – Workplace Safety, resigned from Brady Corporation effective October 3, 2022.”
Olivier Bojarski was appointed as President - Identification Solutions at BRADY CORP.
“On August 5, 2022, Brady Corporation (the “Company”) announced that Olivier Bojarski has been appointed President - Identification Solutions, effective August 25, 2022 (the “Hire Date”).”
Helena R. Nelligan retired as Senior V.P. - Human Resources at BRADY CORP.
“On April 5, 2022, Helena R. Nelligan, Senior V.P. - Human Resources of Brady Corporation (the "Company"), informed the Company of her intent to retire effective April 8, 2022.”
Russell R. Shaller was appointed as President and Chief Executive Officer at BRADY CORP.
“The Company also announced that as of April 1, 2022, Russell R. Shaller has been appointed President and Chief Executive Officer.”
J. Michael Nauman departed as President and Chief Executive Officer at BRADY CORP.
“On March 11, 2022, Brady Corporation (the “Company”) announced that J. Michael Nauman will be retiring as the Company’s President and Chief Executive Officer, effective April 1, 2022”
Vineet Nargolwala was elected as Director at BRADY CORP.
“the Board of Directors of Brady Corporation (the “Company”) elected Joanne Collins Smee and Vineet Nargolwala to fill vacancies on the Board of Directors, effective February 22, 2022.”
Joanne Collins Smee was elected as Director at BRADY CORP.
“the Board of Directors of Brady Corporation (the “Company”) elected Joanne Collins Smee and Vineet Nargolwala to fill vacancies on the Board of Directors, effective February 22, 2022.”
Gary S. Balkema retired as Director at BRADY CORP.
“On July 14, 2021, Gary S. Balkema notified Brady Corporation (the “Company”) of his retirement from the Company’s Board of Directors effective July 20, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.