Welcome to our dedicated page for Brady Corporation news (Ticker: BRC), a resource for investors and traders seeking the latest updates and insights on Brady Corporation stock.
Brady Corporation (NYSE: BRC) is an international manufacturer and marketer of comprehensive solutions that identify and protect premises, products, and people. Founded in 1914 and headquartered in Milwaukee, Wisconsin, Brady has established itself as a leader in the field of industrial identification and safety solutions. The company's diverse product portfolio includes high-performance labels, signs, safety devices, printing systems, software, and precision die-cut materials.
Brady's offerings are designed to enhance safety, security, productivity, and performance across various industries, including electronics, telecommunications, manufacturing, electrical, construction, medical, and aerospace. The company's products serve a vast array of applications, such as material identification systems, wire identification, patient and people identification, asset tracking, and workplace safety and compliance.
Operating with approximately 5,600 employees in the Americas, Europe, Asia, and Australia, Brady reported fiscal 2023 sales of around $1.33 billion. This robust financial performance reflects the company's commitment to innovation and customer satisfaction. In fiscal 2023, Brady achieved significant milestones, including a 2.3% increase in annual sales, an 11.9% rise in Income Before Income Taxes Excluding Certain Items, and a record EPS of $3.51.
Recent highlights for Brady include the successful launch of new products and technologies, which have bolstered organic sales growth. The company continues to focus on strategic investments in research and development to drive future growth. Additionally, Brady's strong balance sheet allowed for significant shareholder returns through share buybacks and increased dividends, with over $120 million returned to shareholders in fiscal 2023.
Brady's commitment to sustainability and long-term value creation is further demonstrated by its strategic acquisitions. In March 2024, the company entered exclusive negotiations to acquire Gravotech Holding for approximately EUR 123 million, aiming to expand its product offering into precision direct part marking and engraving.
Looking forward, Brady has issued a promising fiscal 2024 guidance, expecting GAAP earnings per diluted Class A Nonvoting Common Share to range from $3.93 to $4.00 and Diluted EPS Excluding Certain Items* to range from $4.08 to $4.15. These projections underscore the company's strong market position and its ability to navigate an evolving economic landscape.
Brady Corporation's ongoing success is underpinned by its mission to identify and protect people, products, and places while driving innovation and efficiency across all areas of its business operations.
Brady (NYSE: BRC) announced on May 20, 2024, that its Board of Directors has declared a dividend of $0.235 per share for its Class A Common Stock. The dividend will be payable on July 31, 2024, to shareholders on record as of July 10, 2024.
Brady , established in 1914 and headquartered in Milwaukee, Wisconsin, specializes in manufacturing and marketing solutions for safety and productivity. The company serves various sectors including electronics, telecommunications, manufacturing, and aerospace, and employs around 5,600 people globally. In fiscal 2023, Brady reported sales of approximately $1.33 billion.
Brady’s stock is listed on the New York Stock Exchange under the symbol BRC. Additional details are available at www.bradyid.com.
Brady (NYSE: BRC) will release its fiscal 2024 third-quarter financial results on May 22, 2024. A conference call will be held at 10:30 a.m. Eastern Time. Participants can access the webcast live and in replay.
FAQ
What is the current stock price of Brady Corporation (BRC)?
What is the market cap of Brady Corporation (BRC)?
What does Brady Corporation do?
Where is Brady Corporation headquartered?
How many employees does Brady Corporation have?
What were Brady Corporation's fiscal 2023 sales?
What is Brady Corporation's stock symbol?
What are Brady Corporation's key markets?
What is Brady Corporation's mission?
What recent acquisitions has Brady Corporation made?
How did Brady Corporation perform in fiscal 2023?
What is included in Brady Corporation's fiscal 2024 guidance?
