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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 Corporation (NYSE: BRC) reported a significant 19.6% increase in quarterly sales, reaching $318.1 million for Q2 of fiscal 2022. Organic sales rose by 13.1%, with a notable 26.1% growth in Identification Solutions. Income before taxes increased by 6.7% to $42.0 million, while diluted EPS rose 10.2% to $0.65. For the full year, EPS guidance was adjusted to $3.00 to $3.15, reflecting inflationary pressures. Despite short-term margin challenges, the CEO expressed confidence in future growth and strong earnings prospects.
Brady Corporation’s Board of Directors declared a quarterly dividend of $0.225 per share on February 15, 2022, for Class A Common Stock. This dividend is set to be paid on April 29, 2022, to shareholders recorded as of April 8, 2022. As a global manufacturer, Brady specializes in solutions that enhance safety and security across various industries. In fiscal 2021, the company reported sales of approximately $1.14 billion and employs around 5,700 people worldwide.
Brady Corporation (NYSE: BRC) will release its fiscal 2022 second quarter financial results on February 17, 2022, at 10:30 a.m. ET. A conference call will accompany the announcement, and it will be accessible via webcast on Brady's investor relations website. Brady specializes in solutions for safety and security across various industries, boasting fiscal 2021 sales of approximately $1.14 billion and a workforce of around 5,700 employees. The company is headquartered in Milwaukee, Wisconsin, and has a diverse customer base.
Code Corporation has launched the EMEA Code Alliance Channel Partner Programme aimed at fostering partnerships across Europe, the Middle East, and Africa. The program offers exclusive pricing, deal registration protection, and world-class training without minimum revenue requirements. It comprises five partner tiers, ensuring tailored support for sectors like manufacturing and healthcare. The initiative, led by Hilde De Bisschop, promises a new Partner Portal with a learning management system for enhanced training and partner relationships, all set to strengthen Code's position in the data capture technology market.
Code Corporation announced enhancements to the Code Alliance partner program aimed at boosting partner profitability and capabilities. The new structure introduces three distinct programs: Selected Reseller, National, and an ISV program. Highlights include tailored incentives, strategic support, and the launch of a new Partner Portal with a learning management system for training. These changes are designed to empower partners with advanced data capture and barcode scanning technologies, ensuring they stand out in the marketplace.
Brady Corporation (NYSE: BRC) reported a 16.0% increase in sales for Q1 of fiscal 2022, reaching $321.5 million, driven by a 25.4% growth in its Identification Solutions division. Income before taxes rose 5.8% to $44.7 million, while diluted EPS increased 4.7% to $0.67. The company maintains its 2022 earnings guidance of $3.12 to $3.32 per share. Despite challenges from supply chain issues and inflation, Brady's gross profit margin held steady at 48.2%, reflecting strong financial health and cash flow generation.
Brady Corporation (NYSE: BRC) announced that its shareholders unanimously elected director nominees to a one-year term during the annual meeting held on November 17, 2021. The Board also declared a dividend of $0.225 per share for the Class A Common Stock, payable on January 31, 2022, to shareholders recorded by January 10, 2022. With a fiscal 2021 revenue of approximately $1.14 billion and a workforce of about 5,700, Brady continues to provide safety and identification solutions across various industries.
Code Corporation has appointed Scott Jackson as Product Manager in the industrial market to enhance its data capture technologies. CEO Kent Hansen highlighted Jackson's background in mechanical engineering and experience in aerospace as key assets for product development. Jackson previously worked at Boeing, where he contributed to the design of the KC-46A air refueling tanker and the 777X assembly line expansion. He holds an MBA focused on product management and a Bachelor's in Mechanical Engineering from Brigham Young University. Code Corporation is part of Brady Corporation (NYSE: BRC).
Code Corporation announces its barcode scanning technology is integrated with ScanID's CheckScan solution, enhancing the verification process for visitors' CoronaPass and ID in the Netherlands. The technology reads Corona QR-Codes efficiently, confirming vaccination status and identity swiftly, which is critical as all individuals aged 13 and above must present these documents for entry to various venues. CheckScan does not store any personal data, supporting privacy concerns. Code Corporation is a subsidiary of Brady Corporation (NYSE: BRC), specializing in innovative data capture solutions.
Brady Corporation (NYSE: BRC) plans to release its fiscal 2022 first quarter financial results on November 18, 2021. The corresponding conference call will start at 10:30 a.m. Eastern Time, allowing internet access for both live and replay viewing through Brady's investor relations webpage. Brady, established in 1914 and headquartered in Milwaukee, specializes in safety and identification solutions across various industries, with approximately $1.14 billion in fiscal 2021 sales and a workforce of about 5,700 globally.
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